Interview with Chad Peters, CEO of Ridgeline Minerals (TSX-V: RDG)

Recording date: 12th September 2023

Ridgeline Minerals is a Nevada-focused precious and base metals explorer aiming to make new discoveries in proven districts. The company went public in 2020 but adapted its business model due to market conditions, forging strategic partnerships to advance projects while still retaining upside.

Ridgeline’s flagship project is the 100% owned Selena project, which has potential to be a globally significant carbonate replacement deposit (CRD) discovery. CRDs are genetically related to porphyry copper systems and can contain substantial amounts of silver, lead, zinc and copper.

Selena shares similarities with successful projects like the Taylor deposit in Arizona. Ridgeline has already drilled intercepts up to 6 meters of 1,200 g/t silver equivalent at Selena and believes the project could deliver transformational value.

To advance other projects while minimizing dilution, Ridgeline executed deals with Nevada Gold Mines on its Swift and Carlin East gold projects, worth $40 million in spending for 70% ownership. Importantly, Ridgeline retains 25% fully carried interest through to first gold production on any new discoveries.

This innovative structure provides upside exposure without excessive spending requirements if the projects are advanced. The deals allow Ridgeline to focus its technical team and capital on progressing Selena.

Located in Eureka County, Nevada, Selena covers 39 square km of highly prospective ground. Ridgeline plans to systematically de-risk Selena and achieve initial resource estimates to attract interest from mid-tier and major base metals producers.

Ridgeline’s experienced management team leverages extensive local relationships to source overlooked projects with major discovery potential, like the newly acquired Big Blue copper-silver project.

With a lean team, capital from supportive institutions and strategic investors, and district-scale targets in top mining jurisdictions, Ridgeline offers substantial discovery potential and leveraged exposure to new high-value deposits.