Ridgeline Minerals (TSXV:RDG) - Major-Backed Explorer Kicks Off $11M Drilling

Apr 23, 2025

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Interview with Chad Peters, President & CEO of Ridgeline Minerals Corp.

Our previous interview: https://www.cruxinvestor.com/posts/ridgeline-minerals-tsxvrdg-hits-high-grade-gold-validating-nevada-prospect-generator-model-6223

Recording date: 21st April 2025

Ridgeline Minerals, a Nevada-focused exploration company, is leveraging its innovative hybrid business model to execute an ambitious $11 million USD drilling campaign across five projects in 2025, representing nearly 50% of its current market capitalization. The company's unique approach combines major partnerships with self-funded exploration, allowing it to maintain aggressive exploration activity while minimizing shareholder dilution.

Led by President and CEO Chad Peters, Ridgeline has secured strategic partnerships totaling $60 million with industry giants Nevada Gold Mines (Barrick-Newmont joint venture) and South32. These agreements provide full funding for exploration while preserving Ridgeline's carried interests through to commercial production—25% on gold projects—essentially ensuring no shareholder dilution through the development phase.

The company's flagship Swift project, backed by a $30 million deal with Nevada Gold Mines, sits just 4 kilometers from a 23-million-ounce gold mine and has already demonstrated significant potential with drilling results of up to 1.5 meters at 10 grams per ton gold. The Black Ridge project, another NGM partnership worth $10 million, is positioned between the high-grade Leeville mine and the massive 40-million-ounce Goldstrike deposit.

South32's $20 million partnership at the Selena project targets Carbonate Replacement Deposits (CRDs) similar to their $2 billion Taylor acquisition. Recent geophysical surveys have identified identical anomalies to those at Taylor, with Ridgeline managing a $3.5 million deep drilling program in 2025 while earning 10% management fees.

Ridgeline is also advancing two wholly-owned projects: Big Blue, a historic copper mine targeting porphyry mineralization, and Atlas, an oxide gold project with surface values up to 8 g/t along a 3-kilometer trend. The company's 2025 catalyst timeline includes drill results from May through early 2026, providing continuous news flow for investors.

With gold at all-time highs and major mining companies facing reserve replacement challenges, Ridgeline's hybrid model positions it perfectly for current market conditions. Peters notes that majors are "making tons of money right now" but face the prospect of overpaying for assets in the future, creating an ideal environment for exploration partnerships.

Trading at approximately C$30 million market cap, Ridgeline sits in what Peters calls the "pre-discovery sweet spot," comparable to successful companies like Kirkland Lake Gold that followed similar hybrid models before rerating on discoveries. With multiple discovery opportunities, protected upside through carried interests, and continuous drilling catalysts throughout 2025, Ridgeline offers investors compelling leverage to exploration success in Nevada's premier mining districts.

View Ridgeline Minerals' company profile: https://www.cruxinvestor.com/companies/ridgeline-minerals