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Mining Stock Daily

Ridgeline Minerals Adds the Atlas Oxide Gold Project to its Portfolio

Jan 7, 2025
Chad Peters, CEO of Ridgeline Minerals, shares insights on the recent acquisition of the Atlas Gold Project in Nevada, highlighting its potential as a high-grade exploration site. He discusses initial promising sample results and how the Atlas project complements their Big Blue project strategically. Peters emphasizes the geological features that suggest high-grade discoveries are possible, and shares excitement about forthcoming drill programs aimed at uncovering a copper-rich porphyry at Big Blue. The conversation captures the thrill of exploration and discovery in the mining sector.
10:43

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Podcast summary created with Snipd AI

Quick takeaways

  • Ridgeline Minerals acquired the Atlas Gold Project due to its high-grade oxide gold potential and strategic fit with the Big Blue project.
  • The company's upcoming drill programs at both Atlas and Big Blue aim to enhance exploration efficiency while optimizing budgetary constraints.

Deep dives

New Gold Exploration Project

Ridgeline Minerals has added the Atlas Gold Project in Nevada to its portfolio, which is considered a high-grade oxide gold exploration prospect. The company staked the project after it became available, viewing it as a strong opportunity given its historical data and potential for significant finds. The Atlas site has no royalty encumbrances and features rock chip samples yielding grades as high as seven grams per ton across a three-kilometer-long gold trend that has not been previously drilled. This project is positioned as an exciting addition to Ridgeline’s focus on near-surface oxide gold, complimenting their ongoing work at other sites.

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