Mining Stock Daily Ridgeline Minerals and South32 Tee Up a Fresh Round of Drilling at Selena
Apr 10, 2025
Chad Peters, CEO of Ridgeline Minerals, shares insights on exciting exploration initiatives, particularly at the Selena project. He unveils a $3.5 million exploration budget approved in partnership with South32, aiming to tap into the promising Chinchilla sulfide area. The discussion reveals the strategic focus of drilling plans targeting mineral anomalies, with results anticipated soon. Peters also emphasizes the project’s potential for critical minerals, highlighting optimism in Ridgeline's other projects like Big Blue and Atlas.
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Chinchilla Sulfide Drilling Strategy
- Ridgeline and South32 are drilling deeply along a kilometer-scale conductive anomaly at Chinchilla sulfide, testing multiple host horizons down to 1,500 meters.
- This targeted approach aims to reveal a major CRD system likely linked to nearby porphyry sources, potentially transforming Ridgeline's future.
Chinchilla Analog to Hermosa Deposit
- The Chinchilla sulfide target lies at an ideal distance from a nearby copper porphyry, analogous to the Hermosa deposit system.
- Ridgeline's previous drilling hit high-grade mineralization edges, indicating great potential for expansion with deeper drilling.
Drilling Order and Spacing Advice
- Drill holes should be spaced about 500 meters apart along the anomaly to intersect key fault zones.
- Begin drilling at the shallower northern section, then systematically go deeper along strike to maximize chances.