Ridgeline Minerals Adds the Atlas Oxide Gold Project to its Portfolio
Jan 7, 2025
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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.
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.
Exploration Strategy and Upcoming Drilling
Initial reconnaissance of the Atlas Gold Project yielded encouraging results, supporting the previous historical sample data. Ridgeline aims to conduct a maiden drill program consisting of three to five holes during the second quarter of the year, with planning and permitting efforts taking place in Q1. The relative cost-effectiveness of drilling at Atlas, compared to deeper projects like Big Blue, allows Ridgeline to balance its exploration efforts without significantly impacting its budget. This dual focus on both Atlas and Big Blue could enhance their overall project portfolio and shareholder value.
Anticipated Developments at Big Blue
The Big Blue project remains a key focus for Ridgeline, with drilling scheduled to start around March 1, pending weather conditions. The team is utilizing results from an infill IP survey to guide their drilling strategy, specifically targeting the core porphyry source feeding the historic high-grade Delker mine. This project's historic findings of high-grade copper and an extensive multi-percent copper trend call for exploration beneath the surface, which has never been done before. Ridgeline is optimistic that this strategic approach will yield significant insights into the source of the mineralization at Big Blue.
Chad Peters, CEO of Ridgeline Minerals, discusses the company's recent acquisition of the Atlas Gold Project in Nevada, highlighting its potential as a high-grade oxide gold exploration prospect. He elaborates on the historical context of the project, the exploration strategy, and how it complements their ongoing work at the Big Blue project. Peters shares insights into the upcoming drill programs and the excitement surrounding both projects, emphasizing the promising geological features and the company's strategic approach to exploration.
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