- Ridgeline Minerals (RDG) outlines 2022 exploration strategy
- Its primary exploration focus in H1 2022 will be confirming the potential for a high-grade Carbonate Replacement silver-gold-lead-zinc
- A high-resolution drone magnetics geophysical survey is scheduled for mid-February to cover the entire CRD target area
- Ridgeline executed an earn-in agreement in Q3 2021 with Nevada Gold Mines
- Ridgeline Minerals Corp. (RDG) is trading at C$0.39 at 11:04 am EST
Ridgeline Minerals (RDG) has outlined a 2022 exploration strategy for its portfolio of five projects with a focus on its flagship asset, Selena.
Chad Peters, Ridgeline’s President, CEO & Director commented,
“Over the past three years, our team has implemented a systematic and disciplined approach to exploration, which yielded a grassroots silver-gold-lead-zinc discovery at Selena and a partnership with Nevada Gold Mines at our Swift project.”
“We will continue to create shareholder value by sticking to these core exploration principles with the focus of allocating exploration resources to our highest value opportunity projects, beginning with a 5,500-meter spring drill campaign at our 100%-owned Selena project,” added Peters.
Its primary exploration focus in H1 2022 will be confirming the potential for a high-grade Carbonate Replacement silver-gold-lead-zinc discovery with planned exploration activities outlined below.
A high-resolution drone magnetics geophysical survey is scheduled for mid-February to cover the entire CRD target area. The survey will improve targeting accuracy by delineating key structural intersections.
In 2021 it completed preliminary 24-hour non-kinetic bottle roll metallurgy tests across 10 composites taken from 2020 drill samples with cyanide recoveries ranging from 5.9 per cent-76.5 per cent Au and 19.1 per cent-50 per cent Ag suggesting portions of the shallow oxide Au-Ag deposit are potentially amenable to heap leach processing methods.
Ridgeline executed an earn-in agreement in Q3 2021 with Nevada Gold Mines, where NGM can incur a minimum of US$20 million in qualifying work expenditures over an initial five-year term to earn an initial 60 per cent interest in Swift.
NGM’s first drill program commenced in Q4 2021 with details of the anticipated 2022 work plan.
Ridgeline is a discovery-focused gold-silver explorer with a proven management team and a 163 kmĀ² exploration portfolio across five projects in Nevada and Idaho, USA.
Ridgeline Minerals Corp. (RDG) is trading at C$0.39 at 11:04 am EST.
