Chad Peters, President and CEO of Ridgeline Minerals (TSX.V:RDG – OTCQB:RDGMF) joins us to unpack the news release from Jan 26th where the Company has entered into an exploration earn-in option agreement to acquire a 100% interest in the Robber Gulch oxide gold project 30km southeast of the city of Burley, Idaho from a subsidiary of EMX Royalty Corp.
We discuss the “Carlin-style” disseminated gold system outlined from prior exploration work that Gold Lion did after spending a quarter of a million dollars, and that this 0.3 – .05 g/t gold over larger width intercepts with narrow higher grade zones of 0.8-1.5 g/t exhibits similar age host rocks and mineralization style to Liberty Gold’s Black Pine Deposit located 88 kms to the southeast. The plan is to do ground work and drill an initial 1,100 meters in 6 shallow holes at this Robber Gulch property this fall.
We wrap up by reviewing the prior and upcoming exploration programs at the Company’s other 4 Nevada Properties: Selena, Swift, Carlin-East, and Bell Creek. The drill rigs are scheduled to start turning mid-April at the company’s flagship Selena project for a 5,500 meter 10-hole exploration program. In addition there will be aggressive drilling this year by their JV partner, Nevada Gold Mines (NGM), which is in itself a joint venture between Barrick and Newmont, where NGM has a $20 million earn-in option for 60% interest from Ridgeline Minerals on Swift, located on the Cortez District of the Battle Mountain – Eureka mine trend.
If you have any follow up questions for Chad regarding Ridgeline Minerals, then please email us at either Fleck@kereport.com or Shad@kereport.com.
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