Ridgeline Minerals Completes 2,000 Meter Drill Program at the Selena Project, Nevada
Ridgeline Minerals Completes 2,000 Meter
Drill Program at the Selena Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - Ridgeline Minerals Corp. (TSXV:
RDG) (OTCQB: RDGMF) ("
Ridgeline
" or the "
Company
") is pleased to announce the completion of its
2023 diamond core drill program totaling 2,034 meters ("m") at its Selena silver ("Ag") - lead ("Pb") -
zinc ("Zn") - gold ("Au") carbonate replacement ("CRD") exploration project in Nevada.
The program totaled five drill holes ranging from 125 m to 690 m depth and targeted shallow-oxide CRD
mineralization in the Upper Chinchilla Zone as well as testing for the first time beneath Chinchilla for
stacked mineralization at depth (
Figure 1
&
Table 1
). Drill samples have been regularly submitted to the
lab for analysis over the past six weeks with assay results expected to be released in December 2023.
Mike Harp, Ridgeline's Vice President, Exploration commented, "This year's program had two
primary objectives, upgrade the known Upper Chinchilla Zone and test prospective carbonate host
horizons at depth for new discoveries. Results so far have confirmed the high-grade nature of the
Upper Chinchilla Zone, and we are encouraged by the level of alteration observed in new potential
host horizons at depth. We look forward to updating shareholders as assays are received over the
coming weeks."
Summary of SE23-049 & SE23-050 (assays pending)
Drillhole SE23-049 intersected the Upper Chinchilla Zone horizon over a roughly 9 m thick interval
at depths consistent with nearby drillhole SE21-024 (
Figure 2
).
2.7m of total core loss was encountered in the middle of the aforementioned 9 m interval
which is interpreted as a collapse breccia zone or cave resulting in no core recovery.
Drilling beneath the upper zone intersected multiple stacked zones of CRD style alteration ranging
from 1-5m thickness extending down to 665 meters downhole. (see core photo in
Picture 1
)
Picture 1
: Core photos of CRD alteration and corresponding shortwave UV "BBQ Rock" at depth in
SE23-049. Tracking of fugitive calcite is a proven vectoring technique and indicator of proximity to a
CRD system
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/188360_8677844b5489584a_002full.jpg
Drillhole SE23-050 intersected the Upper Chinchilla Zone horizon over a roughly 25 m thick interval
at depths consistent with nearby drillholes SE21-025 and SE22-045 (
Picture 2
&
Figure 2
).
Drilling beneath the Upper Chinchilla Zone intersected intervals of CRD style alteration ranging
from 1-3m thickness down to 400 meters downhole as well as UV fluorescing "BBQ Rock" (fugitive
calcite) vein breccia intervals down to 600m depth. (see core photo in
Picture 3
)
Picture 2
: Representative core and shortwave UV photo of the Upper Chinchilla Zone SE23-050. Note
the lack of "BBQ Rock" fugitive calcite veins, which typically occur on the margins of the CRD system
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/188360_8677844b5489584a_003full.jpg
Picture 3
: Core and Shortwave UV photo of "BBQ Rock" (fugitive calcite veins) at depth in SE23-050.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/188360_8677844b5489584a_004full.jpg
Previously Announced 2023 Drill Results
SE23-048:
0.9 m grading 720.3 g/t Ag, 12.0% Pb, 0.1% Zn, 0.4 g/t Au (or 1,133.6 g/t Silver
Equivalent "AgEq")
within 10.9 m grading 94.1 g/t Ag, 1.3% Pb, 0.7% Zn, 0.2 g/t Au (or 182.9 g/t
AgEq) starting at 85.3m true vertical depth ("TVD") (
Figure 2
)
And: 0.6 m grading 3.6 g/t Ag, 2.4% Sb, 0.1 g/t Au starting at 240 m TVD
And: 3.6 m grading 0.5 g/t Ag, 1.2% Sb, NA g/t Au starting at 247 m TVD
See October 12, 2023 Press Release
HERE
SE23-047:
4.6 m grading 55.2 g/t Ag, 1.2% Pb, 7.2% Zn, 0.2 g/t Au (or 421.1 g/t AgEq) and
2.8 m grading 205.8 g/t Ag, 1.4% Pb, 0.3% Zn, 1.4 g/t Au (or 386.1.1 g/t AgEq)
within
60.7 m
grading 69.8 g/t Ag, 0.6% Pb, 1.3% Zn, 0.4 g/t Au (or 175.2 g/t AgEq)
starting at 93.8 m TVD
(
Figure 2
)
See October 12, 2023 Press Release
HERE
SE23-046: 7.3 m grading 64.2 grams per tonne ("g/t") Ag, 0.8% Pb, 2.9% Zn and 0.1 g/t Au (or
219.4 g/t AgEq")
Assays in SE23-046 are from the top of the Upper Chinchilla Zone prior to the hole being
abandoned due to bad ground conditions in a mineralized breccia zone.
See October 12, 2023 Press Release
HERE
Silver Equivalent Calculation: Metal Prices ($20 Ag, $0.90 Pb, $1.25 Zn, 1800 Au, no recovery factor
applied)
Silver g/t + (Gold g/t * (Gold Price/ Silver Price)) + ((22.0462* Lead Price)/ ((1/31.1035) * (Ag
Price)) * Lead %) + ((22.0462* Zinc Price)/ ((1/31.1035) * (Ag Price)) * Zinc %)
Table 1
: Collar table of all 2023 drill holes
Drillhole ID
Azimuth
Dip
Total Depth (m)
SE23-046
266
-51
127.0
SE23-047
270
-49
200.0
SE23-048
269
-86
332.0
SE23-049
026
-63
689.0
SE23-050
010
-75
686.0
Selena Project
Selena is located in White Pine County, Nevada, approximately 64 kilometers ("km") north of the town of
Ely, NV.
The Project shares a property boundary with the Butte Valley project, a US $33M earn-in
agreement between Freeport-McMoRan and Falcon Butte Minerals. The 100% owned project is
comprised of 39 square kms of highly prospective exploration ground including Ridgeline's shallow-
oxide 2020 Ag-Au ± Pb-Zn Chinchilla discovery. Subsequent drilling has continued to highlight the
potential for high-grade CRD type mineralization (Ag-Au-Pb-Zn ±Cu) between Chinchilla and the Butte
Valley Cu-Au-Ag porphyry located directly west of the property.
(View the Selena VRIFY Deck Here)
Figure 1
: Plan view map showing locations of SE23-046 to SE23-050 as well as previous highlight drill
results at the Chinchilla Zone
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/188360_8677844b5489584a_005full.jpg
Figure 2
: Long-Section C-C' showing 2023 drilling. Assays pending on SE23-049 and SE23-050
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/188360_8677844b5489584a_006full.jpg
QAQC Procedures
Samples are submitted to American Assay Laboratories (AAL) of Sparks, Nevada, which is a certified
and accredited laboratory, independent of the Company. Independent check samples are analysed by
Paragon Geochemical Labs (PAL) of Sparks, Nevada. Samples are prepared using industry-standard
prep methods and analysed using FA-PB30-ICP (Au; 30 g fire assay) and ICP-5AM48 (48 element
Suite; 0.5 g 5-acid digestion/ICP-MS) methods. AAL 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 Minerals is a discovery focused precious and base metal explorer with a proven management
team and a 204 km
2
exploration portfolio across six 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 & Director
Ridgeline Minerals Corp.
+1 775 304 9773
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
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information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the
meaning of applicable Canadian securities legislation and the United States Private Securities
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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,
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There can be no assurance that Forward-Looking Information will prove to be accurate, as actual
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the date hereof or to reflect the occurrence of unanticipated events.
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