02:03 PM EDT, 07/03/2025 (MT Newswires) -- Ridgeline Minerals ( RDGMF ) fell 14% on Thursday after it provided assay results and drilling updates for the maiden drill programs at its Big Blue and Atlas exploration projects.

At Big Blue, hole BB25-003 returned a high-grade copper (Cu)-silver (Ag)-tungsten (W) intercept over 0.6 meters grading 0.7% Cu, 3,194 grams per tonne Ag and 2.6% W, or 35.3% copper equivalent starting at 675.7m downhole.

"While the program did not meet all of our objectives, it did confirm that the northeast trending Delker Mine corridor continues to carry high-grade mineralization from surface to over 500 meters beneath the historic Delker Mine," said Chief Executive Chad Peters. "This high-grade corridor remains open at depth and along strike for 1.5 kilometers between the Delker and Skarn Hill mines before dipping under alluvial cover."

Ridgeline added that it will complete drill programs this summer across its Atlas, Selena, Swift and Black Ridge projects.

At Atlas, only two initial holes were completed on the maiden program to ensure the program remained on schedule and budget, due to extending both holes 100-150m deeper than originally anticipated to transect the full host rock section.

Shares of the company were last seen down $0.025 to $0.16 on the TSX Venture Exchange.

Price: 0.16, Change: -0.03, Percent Change: -13.51