Ridgeline Minerals Corp Advances Its Selena Exploration Program
Ridgeline Minerals Corp (TSX: RGX) has confirmed a substantial silver‑gold exploration target at its Chinchilla Oxide Deposit within the Selena Project. The company announced that the target area ranges from 38.3 million tonnes to 58.0 million tonnes of mineralised material, underscoring the potential of the deposit to contribute significantly to the company’s long‑term resource base.
Key Details of the Selena Target
| Item | Value |
|---|---|
| Target Size | 38.3 – 58.0 million tonnes |
| Mineralisation | Silver‑gold |
| Project | Chinchilla Oxide Deposit, Selena |
| Date of Announcement | 12 February 2026 (CEO.ca) |
The disclosed range reflects the latest geochemical and geophysical data collected during the company’s Phase‑1 drilling program. Ridgeline’s management highlighted that the target aligns with the structural framework identified in the broader Selena zone, which has shown persistent anomalous silver and gold signatures across multiple assay series.
Market Context
Ridgeline’s share price closed at CAD 0.20 on 11 February 2026, down from the 52‑week high of CAD 0.345 reached on 2 November 2025. The company’s market capitalisation stands at approximately CAD 27.98 million. While the stock has remained on the TSX Venture Exchange, the announcement of a sizeable, high‑grade target is expected to reinforce investor confidence and may prompt further capital‑raising activity.
Forward‑Looking Outlook
Ridgeline’s exploration strategy is clear: validate the Selena target through a rigorous drilling campaign, refine the resource estimate, and ultimately move towards a feasibility study. The company’s recent focus on high‑grade zones—mirrored in its aggressive exploration at the Chinchilla Oxide Deposit—positions it well to deliver a commercially viable resource.
For stakeholders, the 38.3 – 58.0 million tonne estimate is a compelling signal that Ridgeline is building a credible asset pipeline. The company’s management has indicated that, pending positive drilling results, a pre‑feasibility study could be underway within the next 12 months, potentially opening the door to a strategic partnership or joint venture with a major mining operator.
Conclusion
Ridgeline Minerals Corp’s latest disclosure of a substantial silver‑gold target at the Selena Project marks a significant milestone in the company’s exploration agenda. By coupling this announcement with its existing resource potential and a clear path to development, Ridgeline is positioning itself as a forward‑moving player within the materials sector on the TSX Venture Exchange.
