Ridgeline Minerals Corp. Kicks Off Exciting Drill Program at Nevada’s Selena CRD Project
In a significant development for Ridgeline Minerals Corp., the company has officially commenced its 2025 drill program at the Selena Carbonate Replacement (CRD) project in Nevada. This announcement, made on June 23, 2025, marks a pivotal moment for Ridgeline, a mining company listed on the TSX Venture Exchange of Canada, as it seeks to explore and potentially expand its mineral resources.
The Selena CRD project is currently under the operation of Ridgeline Minerals under Phase 1 of an earn-in agreement with South32 Limited, a major player in the global mining industry. This collaboration underscores the project’s potential and the strategic partnership between Ridgeline and South32.
A Strategic Exploration Initiative
The 2025 drill program is set to be a comprehensive exploration effort, with South32 approving a substantial Year-2 exploration budget of $3,450,000. This budget will fund the drilling of up to three deep core holes, totaling 4,500 meters, aimed at investigating the highly conductive Magnetotellurics (MT) anomaly identified at the Chinchilla Sulfide CRD target earlier in the year.
The exploration strategy is meticulously planned, with each of the three core holes targeting specific stratigraphic and structural horizons across the known strike of the MT anomaly. The first hole will focus on the shallowest expression of the Chinchilla Sulfide target, setting the stage for a detailed examination of the anomaly’s characteristics.
The Geological Context
The MT anomaly, a focal point of the drill program, plunges approximately 45 degrees north to south and is flanked by a series of geological features that bound it on both sides. This geological setup presents a unique opportunity for Ridgeline Minerals to explore and potentially uncover valuable mineral deposits within the Selena CRD project.
Financial and Market Overview
As Ridgeline Minerals embarks on this ambitious drill program, it’s worth noting the company’s financial and market position as of June 19, 2025. The company’s close price stood at 0.19 CAD, with a 52-week high of 0.27 CAD and a low of 0.125 CAD. Despite a negative price-earnings ratio of -12.58, the company’s market capitalization was reported at 19,960,000 CAD, reflecting investor interest and the potential value of its exploration activities.
Looking Ahead
The commencement of the drill program at the Selena CRD project represents a significant step forward for Ridgeline Minerals Corp. as it seeks to capitalize on the geological potential of the Selena project. With the backing of South32 and a clear exploration strategy, Ridgeline is poised to uncover new opportunities that could enhance its portfolio and contribute to its growth in the competitive mining sector.
As the drill program progresses, stakeholders and industry observers will be keenly watching for updates on the findings and their implications for Ridgeline Minerals’ future prospects. This exploration initiative not only highlights the company’s commitment to expanding its mineral resources but also underscores the dynamic nature of the mining industry, where strategic partnerships and innovative exploration techniques can unlock new opportunities.