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Ridgeline Minerals ( (TSE:RDG) ) has shared an announcement.
Ridgeline Minerals has outlined a conceptual exploration target of 38.3 to 58.0 million tonnes of mineralized material at the Chinchilla Oxide deposit on its Selena project in Nevada, with modeled grades ranging from 39.8 to 52.0 grams per tonne silver, 0.12 to 0.15 grams per tonne gold, and notable lead-zinc content. The company emphasizes that further drilling and work are required before any mineral resource can be defined.
Management says the Chinchilla Oxide zone remains open along strike and down-dip toward the higher-grade Chinchilla Sulfide discovery, highlighting more than four kilometers of mineralized strike and the potential for a larger integrated polymetallic system. Preliminary metallurgical tests suggest the oxide material may be amenable to heap leach processing, although additional core-based testing is planned to refine silver recoveries and better evaluate project economics as Ridgeline pursues a maiden resource estimate.
The most recent analyst rating on (TSE:RDG) stock is a Hold with a C$0.24 price target. To see the full list of analyst forecasts on Ridgeline Minerals stock, see the TSE:RDG Stock Forecast page.
Spark’s Take on TSE:RDG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RDG is a Neutral.
The score is held back primarily by weak financial performance (pre-revenue, operating losses, and persistent cash burn despite a strong low-debt balance sheet) and limited valuation support (high P/E, no dividend). Offsetting factors include constructive technicals (price above long-term averages with mild positive momentum) and a series of positive, growth-oriented exploration updates.
To see Spark’s full report on TSE:RDG stock, click here.
More about Ridgeline Minerals
Ridgeline Minerals Corp. is a mineral exploration company focused on silver, gold, lead and zinc projects in Nevada. The company is advancing its Selena project, which hosts the outcropping Chinchilla Oxide deposit and the emerging Chinchilla Sulfide discovery, targeting large-scale polymetallic systems in partnership with major mining groups.
Average Trading Volume: 341,291
Technical Sentiment Signal: Sell
Current Market Cap: C$28M
See more insights into RDG stock on TipRanks’ Stock Analysis page.