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The latest update is out from Ridgeline Minerals ( (TSE:RDG) ).
Ridgeline Minerals reported additional high-grade assay results from discovery drillhole SE25-053 at its Selena project in Nevada, confirming three stacked sulfide CRD horizons with a cumulative mineralized thickness of 27.2 meters, including a newly detailed lower sulfide zone grading 8.7 meters at 175.5 g/t silver equivalent. The results, which feature individual samples running as high as 27% zinc and 379 g/t silver, strengthen the company’s interpretation of a large, multi-phase CRD system with significant growth potential and support continued step-out drilling, including ongoing hole SE25-054 that is testing the kilometer-scale geophysical anomaly in partnership with South32 under the existing earn-in agreement.
Spark’s Take on TSE:RDG Stock
According to Spark, TipRanks’ AI Analyst, TSE:RDG is a Neutral.
Ridgeline Minerals’ overall score reflects significant financial challenges, with ongoing losses and negative cash flows weighing heavily. Technical indicators suggest neutral momentum with some downward pressure. The recent positive corporate event related to exploration prospects provides a potential upside but does not offset the financial difficulties. The valuation remains unattractive due to negative earnings.
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 discovering and advancing gold, silver, and base metal deposits in Nevada, with its Selena project being explored as a potential carbonate replacement deposit (CRD) system. The company operates Selena under a Phase 1 earn-in agreement with a subsidiary of South32 Limited, which can fund staged exploration expenditures to earn up to an 80% interest in the project, positioning Ridgeline within a partnership-backed, early-stage exploration model.
Average Trading Volume: 373,815
Technical Sentiment Signal: Buy
Current Market Cap: C$37.77M
For detailed information about RDG stock, go to TipRanks’ Stock Analysis page.