Up Or Down? Ridgeline Minerals Corp (OTCMKTS:RDGMF)

Ridgeline Minerals Corp (OTCMKTS:RDGMF) stock is trading down a bit in the opening session on Tuesday.

Market Action

As of 9:54, RDGMF stock fell 1.31% at $0.4513. The stock has traded 6K shares, compared to its average volume of 13K shares.  The stock opened at $0.4513 and moved in a range of $ 0.4513 – 0.4513.

Major Trigger:

Ridgeline Minerals Intersects 123.2 g/t Silver over 44.2 Meters and Initiates Phase I Metallurgy Program at the Selena Project, Nevada

Key Highlights:

  • RDGMF announced high-grade silver intercepts from the first four of fourteen drill holes from the Company’s recently completed 3,445 meter (“m”) Phase IV drill program at the Selena oxide silver-gold project (“Selena”), Nevada (Figure 1). The Company has also initiated a Phase I, bottle-roll metallurgy program to assess the potential viability of a future heap-leach processing scenario at the project.
  • The first four holes focused on infill drilling within the 2020 mineralized footprint with high-grade silver intercepts in drill hole SE21-024 and SE21-025 interpreted as structurally controlled “feeder” zones to the larger mineralized system. Of particular interest to the Company is the identification of elevated lead (“Pb”) and Zinc (“Zn”) mineralization associated with higher-grade silver in both holes (Table 1).
  • The Ag-Pb-Zn mineralization may represent a distal metal zonation pattern to the known copper-gold (“Cu-Au”) porphyry system located approximately 1 kilometer (“km”) west of the Selena property boundary. Highlight intercepts are listed below with results from the remaining ten step-out holes to be released as they are received.

Chad Peters, Ridgeline’s President & CEO commented, “We are very encouraged by the initial infill results at Selena, which returned the highest-grade intercepts drilled to-date, confirming the high-grade silver potential of the oxide system. The elevated lead and zinc mineralization in multiple holes is an exciting new development that supports our team’s growing belief that Selena is host to a large mineralized system with potential to discover multiple deposit types across the more than 35 square kilometer project.”

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