Mining Stock Daily Ridgeline's Chad Peters on Selena's New Discovery, Market Reaction, and Next Moves
Nov 5, 2025
Chad Peters, an Executive at Ridgeline Minerals, shares exciting news about the Selena project in Nevada. He discusses significant discoveries of zinc, lead, and silver, and contrasts the enthusiastic response from their partner South32 with the retail market's sell-off. Chad elaborates on their effective drilling strategy, drawing comparisons to the Taylor deposit, and outlines future exploration plans. He also reflects on lessons learned regarding shareholder expectations and the importance of clear communication.
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Partner Reaction Was Highly Positive
- Ridgeline and South32 view the hole as a major success showing multiple massive sulfide horizons and a large metal budget.
- The discovery shifts Selena from primarily a silver story to a top-quartile zinc target attractive to large zinc producers.
Testing Margins Before The Core
- Drilling tested different orientations across a kilometer-scale MT anomaly to find where mineralization concentrates.
- Hole 53 hit sulfides along the anomaly margin and hole 54 will target the anomaly 'guts' to better define geometry.
Geology Mirrors Taylor, But Caution Needed
- Selena's limestone package and stacked sulfide lenses closely resemble Taylor's host geology and stacking.
- Despite similarities, Chad cautions against assuming Selena is automatically the next Taylor without more drilling.