Erik Wetterling – The Value Proposition He Sees in Altamira Gold And Ridgeline Minerals Based On Recent News
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review 2 junior gold exploration resource stocks that have his attention based on recent new and the value proposition he believes they offer investors at present.
We start off reviewing Altamira Gold Corp. (TSXV: ALTA) (OTC: EQTRF) and their announcement yesterday about the newly discovered outcrops of porphyritic rocks within the Cajueiro project area. Initial follow-up of these target areas has identified new outcrops of highly altered and brecciated porphyritic intrusive rock 1.6 kilometres to the east of the Maria Bonita target where recent drilling intersected 146m @ 1g/t gold. The area displays extensive sericitic alteration and shows the characteristic quartz veining seen in the mineralized porphyritic host rock at Maria Bonita.
Next we discussed Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) and their news announcement this morning they they have entered into an earn-in agreement dated August 21, 2024 with a wholly-owned subsidiary of South32 Limited, pursuant to which South32 can acquire up to an 80% interest in Ridgeline’s Selena carbonate replacement deposit (“CRD”) project. We also discuss that they have Nevada Gold Mines as earn-in partners at Swift and Black Ridge, while retaining 100% ownership of Big Blue.
*In full disclosure, many of the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and they also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
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I agree with Erik as I would rather see incest among miners than reward a Wall Street Bank or Hedge Fund for naked shorting or intervening in a mining project. Keep it all among people and companies that actually care about mining … until Regulators come back from their 25 year sabbatical.