All Porphyries, All The Time: Ridgeline, Cascadia, and Pacific Ridge
News Releases From Ridgeline Minerals/Cascadia Minerals & X Spaces With Pacific Ridge CEO Blaine Monaghan
This morning, Ridgeline Minerals (TSX-V:RDG, OTC: RDGMF) provided a 2024 exploration update across its portfolio of five projects in Nevada, two of which are being fully funded under earn-in exploration agreements with Nevada Gold Mines.
Ridgeline CEO Chad Peters commented:
"2024 is shaping up to be Ridgeline's largest exploration budget in Company history, with the majority of that budget being funded by our partners at Nevada Gold Mines. We will continue to explore our 100% owned exploration pipeline with a 3D IP survey planned at Big Blue this summer, which will look beneath the high-grade copper skarn that was mined in the early 1900's in search of the proposed porphyry source at depth."
Mr. Peters continues, "Our Selena Plan of Operations exploration permit is in the final permitting stages with approval anticipated in early Q3 of this year. This will be a significant de-risking event for the project and will allow us to accelerate exploration at the Chinchilla Sulfide and Selena Porphyry targets."
Ridgeline is planning a deep 3D-IP Survey at its Big Blue Copper Porphyry Project in northeastern Nevada in July, followed by the potential for a fall maiden drill program at Big Blue.
I’ll be speaking with Ridgeline Minerals CEO Chad Peters on Thursday June 6th at 12:30pm EST - this will be a live conversation delving into the early-stage minerals exploration process and audience participation is encouraged.
Cascadia minerals (TSX-V:CAM, OTC: CAMNF) appears to have tagged into the potassic zone of its Catch Copper-Gold Porphyry Discovery in the Yukon.
Cascadia Provides Drilling Update for its Catch Copper-Gold Porphyry Project, Yukon
Hole CA-24-006 intersected zones of potassic alteration associated with disseminated and vein hosted chalcopyrite-pyrite:
CAM CEO Graham Downs stated:
"We are very excited to have hit additional mineralization on such a large step-out from last year's discovery at the Spark Zone. The amount of observed sulphide minerals, coupled with the favourable alteration we are now seeing, clearly demonstrates that this is a large mineral system with significant copper-gold potential. Mineralization at Catch is suggestive of an Alkalic Porphyry, similar in nature to the Red Chris mine in Northern BC and the Cadia-Ridgeway system in Western Australia.
Our crews are working to quickly process this core and get assays underway as soon as possible, with several batches of core already at the lab. In the meantime, drilling continues at the Spark Zone, where extensive geophysical anomalies remain open in all directions. It is critical to remember that this is only the third drill hole ever completed at this kilometer-scale target, with both holes last year returning significant mineralization. We see great potential at Catch and are evaluating options to extend the drilling program to complete additional step-out holes."
The following IP chargeability slice shows evidence of a classic porphyry chargeability signature:
My first take is that CAM is onto something at Catch. Assays pending.
I took a starter position in CAM shares at the market open today.
Finally, today at noon EST I'll be speaking with another Copper-Porphyry exploration CEO, Blaine Monaghan of Pacific Ridge Exploration (TSX-V:PEX, OTC:PEXZF). Please tune in and continue to fill your brain with the wonderful virtues of copper-gold porphyries.
Disclosure: Author owns shares of some companies discussed in this article at the time of publishing including CAM.V, PEX.V, RDG.V and may choose to buy or sell at any time without notice.
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