{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Ridgeline Minerals (TSXV:RDG) Hits High-Grade Gold, Validating Nevada Prospect Generator Model","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/be1d5de0\"></iframe>","width":"100%","height":180,"duration":828,"description":"Interview with Chad Peters, President & CEO of Ridgeline Minerals Corp.\nOur previous interview: https://www.cruxinvestor.com/posts/ridgeline-minerals-tsxvrdg-leveraging-partnerships-for-gold-and-copper-exploration-success-6064\nRecording date: 7th November 2024\nRidgeline Minerals (TSXV:RDG) announced a significant high-grade gold discovery from its Swift project in Nevada. The company intersected 2.7 meters grading 7.0 g/t gold, including 1.1 meters at 10.4 g/t, in a joint venture with Nevada Gold Mines (NGM), a partnership between majors Barrick and Newmont.\nThe intercept is the first high-grade hit at Swift after initial holes encountered widespread low-grade mineralization. It confirms the project's potential to host economic gold deposits in line with other major mines in the region. Notably, NGM's reserves in the district average 7.3 g/t gold, putting Swift's 7.0 g/t intercept in the ballpark.\nRidgeline's CEO Chad Peters emphasized the significance of the discovery, stating, \"We now know this project can host high-grade gold and it's of comparable grade to multiple producing mines in the Cortez District that are being operated by Nevada Gold Mines.\"\nThe company is clearly excited, but the market appears to be taking notice too. Barrick specifically referenced the Swift project and its drill results in its latest quarterly MD&A, a strong vote of confidence in the project's potential.\nRidgeline has several upcoming catalysts for Swift and its other projects:\nNGM is obligated to spend US$12M on Swift over the next 2 years to earn a 60% stake, with the project reverting to Ridgeline if the spending commitment isn't met\nThe company expects NGM will likely drill another 7-10 holes to further delineate the high-grade zone and build out the geologic model\nAt the Selena project, partner South32 is funding a US$400,000 geophysics program to refine sulfide drill targets\nRidgeline's Black Ridge project is being advanced to a potential drill program with NGM\nIn total, the...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}