Erik Wetterling – The Value Proposition in Altamira Gold And Ridgeline Minerals Based On Recent News
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review 2 junior #gold #exploration stocks that have his attention based on recent new and the value proposition he believes they offer investors at present.
We start off reviewing Altamira Gold Corp. (TSXV: ALTA) (OTC: EQTRF) and their announcement yesterday about the newly discovered outcrops of porphyritic rocks within the Cajueiro project area. Initial follow-up of these target areas has identified new outcrops of highly altered and brecciated porphyritic intrusive rock 1.6 kilometres to the east of the Maria Bonita target where recent drilling intersected 146m @ 1g/t gold. The area displays extensive sericitic alteration and shows the characteristic quartz veining seen in the mineralized porphyritic host rock at Maria Bonita.
Next we discussed Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) and their news announcement this morning that they have entered into an earn-in agreement dated August 21, 2024 with a wholly-owned subsidiary of South32 Limited, pursuant to which South32 can acquire up to an 80% interest in Ridgeline’s Selena carbonate replacement deposit (“CRD”) project. We also discuss that they have Nevada Gold Mines as earn-in partners at Swift and Black Ridge, while retaining 100% ownership of Big Blue.
