Northwire Canada EditionMonday, July 13, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Ridgeline starts drill program at Selena

Ridgeline Minerals Initiates Partner-Funded Drilling at Selena as Stock Consolidates Near Support

By The Northwire Desk — AI Analysis May 14, 2026 · 18:10 RDG · 0.195 Ridgeline Minerals Corp.
Executive Summary
  • Event: Ridgeline Minerals has launched its 2026 partner-financed drill program at the Chinchilla sulphide carbonate replacement (CRD) discovery within the Selena project.
  • Funding: Exploration is conducted under a Phase I earn-in agreement with South32 Ltd., committed up to $10 million (U.S.) in qualifying expenditures.
  • Budget Status: Approximately $5.6 million spent through Year 2; approved Year 3 work program and budget is $4.4 million (U.S.).
  • Drilling Targets: Three deep holes targeting known mineralization and new skarn targets:
    • SE26-055: Stepout northeast of discovery hole SE25-053.
    • SE26-056: Testing area between SE25-053 and previous hole SE22-038.
    • SE26-057: Targeting copper-silver enriched skarn mineralization adjacent to the Butte Valley porphyry system.
  • Geophysics: Borehole electromagnetic (BHEM) surveys scheduled for early-to-mid June 2026 in holes SE25-053 and SE25-054.
Material Impact
  • Expectation vs. Reality: The initiation of the drill program was explicitly anticipated following the April 23, 2026 announcement which outlined the $9.9M partner-funded budget and confirmed May 2026 commencement. Therefore, this news is not unexpected.
  • Financial Impact: No immediate capital raise or shareholder dilution is required for this specific program as it is fully funded by South32's earn-in commitment. This preserves cash reserves.
  • Operational Progress: Confirms the company is executing on its 2026 strategy to expand the Chinchilla Sulfide discovery. The focus remains on high-grade CRD mineralization which has previously shown significant potential (e.g., SE25-053 intercepts).
  • Market Reaction: Given the prior budget announcement, the market likely priced in this execution step. The stock price action around $0.19 reflects a consolidation phase following the November 2025 peak ($0.34), suggesting investors are waiting for assay results rather than just program initiation.
RDG · Price
Company Overview
  • Company: Ridgeline Minerals Corp. (RDG).
  • Flagship Project: Selena Project (Nevada).
    • Discovery: Chinchilla Sulfide CRD discovery showing high-grade zinc-silver-gold-lead mineralization.
    • Key Intercepts: Hole SE25-053 returned 1.1m @ 27.0% Zn, 60.1 g/t Ag, 1.5 g/t Au (766.4 g/t AgEq).
  • Other Projects:
    • Swift Project: Gold project partnered with Nevada Gold Mines (NGM).
    • Black Ridge Project: Gold project partnered with NGM.
    • Big Blue & Atlas: 100% owned projects (Copper/Silver/Gold).
Read the original news release →

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