Ridgeline Minerals Commences Drill Program at the Selena Project, Nevada
Vancouver, Canada, May 11, 2022 – Ridgeline Minerals Corp. (“Ridgeline” or the “Company”) (TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0) is pleased to announce that the Company’s Phase V drill program at the Selena project (“Selena”) commenced on May 2, 2022. Selena is a silver (“Ag”)-gold (“Au”)-lead (“Pb”)-zinc (“Zn”) carbonate replacement (“CRD”) style discovery located in White Pine County, Nevada. The Phase V program will drill up to 8 holes (5,500m) and test the conceptual CRD and Skarn targets located down-dip and to the west of the Company’s original shallow-oxide, Ag-Au ± Pb-Zn discovery (Figure 1 & Figure 2). Samples are delivered directly to the lab from site and assay results will be announced as they are received.
Mike Harp, Ridgeline’s Vice President, Exploration commented, “We’ve spent almost a year putting together the porphyry zonation model at Selena and our team is excited to finally be testing the conceptual CRD and Skarn targets. We believe this program will confirm the district-scale exploration potential at Selena with multiple targets still to be tested across the 39 square kilometer property.”
Selena Project
Selena is located in White Pine County, Nevada, approximately 64 kilometers (“km”) north of the town of Ely, NV, and 25 km southeast of the Kinross owned and operated Bald Mountain Gold Mine. The 100% owned Selena project is comprised of 39 square kms of highly prospective exploration ground including Ridgeline’s 2020 Ag-Au ± Pb-Zn discovery. Drilling in 2021 highlighted the potential to target high-grade CRD type mineralization (Ag-Au-Pb-Zn ±Cu) between Ridgeline’s original discovery and the Butte Valley Cu-Au-Ag porphyry located directly west of the property. (View the Selena VRIFY Deck Here)
Figure 1: iView2 Magnetics map (RTP tilted derivative map) highlights thrust faults and coincident magnetic “lows” associated with shallow-oxide Ag-Au-Pb-Zn mineralization at the original Selena Discovery. The Phase V drill program will target sulfide CRD mineralization within similar magnetic “lows” under shallow cover to the west.
Figure 2: Conceptual long section A-A’ showing the proposed CRD target being tested in the Phase V program with SE22-037 in-progress. Magnetics survey highlights structurally controlled magnetic “lows” which correlate closely with 3D inversion isosurfaces in the CRD target area.
QAQC Procedures
Samples are submitted to Paragon Geochemical Assay Laboratories (PAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Samples are prepared using industry-standard prep methods and analysed using AU-OES30 (Au; 30 g fire assay AQR digest) and 34MA-OESm (35 element Suite; 0.5 g 4-acid digestion/ICP-MS; + 10 ppb 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 Qualified Person, Michael T. Harp, Vice President, Exploration.
Technical information contained in this news release has been reviewed and approved by Michael T. Harp, CPG. 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-silver explorer with a proven management team and a 163 km² exploration portfolio across five projects in Nevada and Idaho, 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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Cautionary Note regarding Forward Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, the anticipated benefits of the Earn-In Agreement and the transaction contemplated thereby. The words “potential”, “anticipate”, “meaningful”, “discovery”, “forecast”, “believe”, “estimate”, “expect”, “may”, “will”, “project”, “plan”, “historical”, “historic” and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by the Forward-Looking Information. In preparing the Forward-Looking Information in this news release, Ridgeline has applied several material assumptions, including, but not limited to, assumptions that TSX Venture Exchange approval will be granted in a timely manner subject only to standard conditions; the current objectives concerning the Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Ridgeline to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, risks related to dependence on key personnel; risks related to unforeseen delays; risks related to historical data that has not been verified by the Company; as well as those factors discussed in Ridgeline’s public disclosure record. Although Ridgeline has attempted to identify important factors that could affect Ridgeline and may cause actual actions, events, or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Ridgeline does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.