Ridgeline Minerals Drills 67.08 g/t Silver and 0.26 g/t Gold over 36.6 Meters in Shallow-Oxide, Silver-Gold Discovery at the Selena Project, Nevada
Vancouver, Canada, December 9, 2020 – Ridgeline Minerals Corp. (“Ridgeline” or the “Company”) (TSX-V: RDG) is pleased to announce a shallow oxide, silver-gold discovery at its Selena project in Nevada highlighted by 36.6 meters (“m”) grading 67.08 g/t silver (“Ag”) and 0.26 g/t gold (“Au”) (Figures 1 & 2). Drill assays received to-date, suggest the Selena project is host to a silver enriched, Carlin-Type gold system with silver to gold ratio’s typically exceeding 100 to 1. As a result, future exploration and reporting at Selena will focus on both silver and gold with composites reported in silver equivalent (“AgEq”). The Company has now completed twenty-two reverse circulation (“RC”) drill holes in 2020 totaling 3,223m with wide-spaced drilling defining an oxide, silver-gold footprint that outcrops at surface and extends for over 1 kilometer (“km”) down-dip and along strike. Drill results from three of eight Phase III drill holes are reported below with pending assays on the remaining five drill holes to be released in early 2021 (Table 1)
Chad Peters, Ridgeline’s President, CEO & Director commented, “We are very encouraged by the exceptional continuity exhibited at Selena in both surface trenching and drilling to-date with this discovery a testament to our teams data-driven approach to exploration. Each drill program in 2020 has intersected progressively thicker and higher-grade oxide, silver-gold intercepts with mineralization open in all directions.”
Phase III Highlight Drill Results:
- SE20-021: 36.6m grading 67.08 g/t Ag, 0.26 g/t Au or 90.05 g/t AgEq
- Including 22.9m grading 92.57 g/t Ag, 0.36 g/t Au or 123.81 g/t AgEq
- SE20-019: 15.2m grading 36.54 g/t Ag, 0.43 g/t Au or 74.04 g/t AgEq
Ridgeline Minerals President and CEO Chad Peters discusses the Phase III results Click Here
- Exploration Highlights Include:
- Trench # 4: 38.1m grading 0.75 g/t Au, 49.30 g/t Ag (August 12, 2020 Press Release) or 38.1m grading 114.50 g/t AgEq
- SE20-007: 3.0m grading 0.41 g/t Au, 792.30 g/t Ag (September 15, 2020 Press Release) or 3.0m grading 828.0 g/t AgEq
- SE20-014: 29.0m grading 0.38 g/t Au, 65.28 g/t Ag (September 15, 2020 Press Release) or 29.0m grading 98.34 g/t Ag
- Preliminary Cyanide solubility testing averages 81% gold and 74% silver suggesting mineralization may be amenable to heap leach processing ( September 15, 2020 Press Release)
Figure 1: Plan view map showing the locations of the Companies Phase III drill holes overlying Arsenic in soils surface contours (Arsenic plumes commonly associated with Carlin-Type gold systems)
Figure 2: X-Section A-A’ showing highlight results from SE20-019 to SE20-021
Minor discrepancies may be noted between tables and figures associated with the December 9, 2020 press release and previously reported exploration results. This is due to the Company assuming a silver-dominant focus at Selena, which may have increased the size and equivalent grade of select previously reported assay composites.
Selena Project
Selena is in White Pine County Nevada, approximately 64 kilometers (km) north of the town of Ely, NV, and 12 km southeast of the Kinross owned and operated Bald Mountain Gold Mine. The 100% owned property is comprised of 33 square kilometers of highly prospective ground and had seen limited (view our Selena VRIFY deck) exploration activity over the past twenty year prior to being acquired by Ridgeline in 2019.
QAQC Procedures
All samples are submitted to Paragon Geochemical Assay Laboratories (PAL) of Sparks, NV, which is a certified and accredited laboratory, independent of the Company. Samples are run through standard prep methods and analysed using AU-OES30 (Au; 30g fire assay AQR digest/ICP+10ppb Hg by MS) and 35AR-OESm (35 element Suite; 0.5g AQR digestion/ICP-MS; 10ppb Hg) methods. PAL also undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Ridgeline’s QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results completed by the Company’s QP, Michael T. Harp, Vice President, Exploration.
Technical information contained in this news release has been reviewed and approved by Michael T. Harp, P.Geo. the Company’s Vice President, Exploration, who is Ridgeline’s qualified person under National Instrument 43-101 and responsible for technical matters of this release.
About Ridgeline Minerals Corp.
Ridgeline is a discovery focused gold explorer with a 116 km² exploration portfolio across three projects in the highly prospective Carlin and Battle Mountain – Eureka Trends in Nevada, USA. More information about Ridgeline can be found at www.RidgelineMinerals.com.
On behalf of the Board
“Chad Peters”
President & CEO
Further Information:
Chad Peters, P.Geo.
President & CEO
Ridgeline Minerals Corp.
1-866-RDG-NVAU (734-6828) – toll free
info@ridgelineminerals.com
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Forward Looking Statements
This press release contains certain forward-looking statements, including statements with regard to the Offering. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the Offering will be completed on the terms described, or at all. Completion of the Offering and the terms thereof are subject to numerous factors, many of which are beyond Ridgeline’s control, including, without limitation, failure to satisfy closing conditions and the risk factors and other matters set forth in Ridgeline’s preliminary prospectus. Ridgeline undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.