Ridgeline Minerals Corp (CVE:RDG) (OTCQB:RDGMF) (FRA:0GC0) has announced the staking of an additional 42 Bureau of Land Management lode claims (868 acres) directly on-trend of the high-grade silver-lead-zinc drill intercepts at its Selena project, in White Pine County, in Nevada.
The Vancouver, British Columbia-based discovery-focused gold explorer said Selena now comprises 467 contiguous claims across 9,626 acres (39 square kilometers).
The company said mineralization at Selena appears to be transitioning from near-surface, oxide silver-gold at the company’s original discovery to high-grade, silver-lead-zinc at depth. This development suggests mineralization at Selena may be related to the larger metal zonation pattern of the Butte Valley copper-gold porphyry located less than 1 kilometer (km) to the west of the property boundary.
Both base metal carbonate replacement deposits and silver-gold sediment-hosted deposits can be spatially and genetically linked to porphyry systems with Selena exhibiting the potential to host both deposit types across the property.
In a statement, Ridgeline Minerals CEO Chad Peters said: “With every drill program, our geologic model of Selena continues to evolve as an emerging district-scale exploration opportunity with potential to discover multiple deposit types across the 39 square kilometer property.
“These additional claims now consolidate the more than 3 km of untested ground between our known discovery and the Butte Valley copper-gold porphyry to the west.”
The Selena project is around 64 km north of the town of Ely, Nevada, and 12 km southeast of the Kinross-owned Bald Mountain Gold Mine. The highly prospective property is host to Nevada’s newest silver-gold oxide discovery and has seen limited exploration over the past two decades prior to being acquired by Ridgeline in 2019.
Ridgeline has a 125 square kilometer exploration portfolio across four projects in the highly prospective Carlin and Battle Mountain-Eureka trends in Nevada, in the US.
Contact the author Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
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