Ridgeline Minerals Provides Drill Program Updates for Its Three Partner Projects in Nevada
Ridgeline Minerals Provides Drill Program
Updates for Its Three Partner Projects in
Nevada
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2025) - Ridgeline Minerals Corp. (TSXV:
RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("
Ridgeline
" or the "
Company
") is pleased to provide
exploration updates for ongoing drill programs at the Swift, Black Ridge and Selena exploration projects
located in north-central Nevada (
Figure 1
). The Swift and Black Ridge gold projects are operated by
Nevada Gold Mines ("NGM") and are both in Phase 1 of separate exploration earn-in agreements
totaling US $40,000,000 in potential earn-in expenditures. Ridgeline remains the operator at the Selena
CRD project, which is in Phase 1 of an earn-in agreement with a wholly owned subsidiary of South32
Limited ("South32") totaling US $20,000,000 in potential earn-in expenditures.
The combined partner-funded 2025 exploration budget of US $9,500,000 represents the largest
exploration budget in Company history with assays pending at all three projects through Q4 of 2025 and
into Q1 of 2026.
Chad Peters, Ridgeline's President, CEO & Director commented, "Drilling is progressing smoothly
across our three partner projects with both Swift and Selena close to finishing up the first deep core
tails of their respective programs. NGM has also recently completed a single framework drill hole at
Black Ridge, which is on-trend of NGM's Leeville Mine and Fallon Deposit
1
to the south. We expect
drilling to continue at Swift and Selena through the end of 2025 with steady news flow and assay
results throughout the end of the year."
Selena Project (US $20,000,000 South32 Earn-in)
The drill program at Selena has been in progress since June with the first core tail commencing in late
July. The US $3,450,000 budget will drill up to three deep core holes (4,500 meters total) targeting the
highly conductive Magnetotellurics ("MT") anomaly that was identified at the Chinchilla Sulfide CRD
target in early 2025 (
Figure 2
). For a detailed summary of the drill program see the June 23, 2025 press
release
HERE
.
South32 has incurred a total of
US $573,758
in qualifying work expenditures at the Project through June
30, 2025, and must spend a minimum of
US $10,000,000
in qualifying work expenditures by August 21,
2029, to earn an initial 60% interest in the Project (see August 22, 2024 press release
HERE
).
Swift Project (US $30,000,000 NGM Earn-in)
The first of up to five holes is in progress and testing along strike of previous high-grade gold intercepts
(up to 1.1m grading 10.4 g/t Au in SW24-006) at the projected intersection of cross cutting fault zones
(i.e., fluid conduits) where they intersect a modeled fold hinge (i.e., fluid trap), on the hanging wall side of
the Mill Creek thrust (
Figure 3
). For a detailed summary of the drill program see the July 30, 2025 press
release
HERE
.
NGM has incurred a total of
US $10,869,000
in qualifying work expenditures at the Project through June
30, 2025, and must spend a minimum of
US $20,000,000
in qualifying work expenditures by December
31, 2026, to earn an initial 60% interest in the Project (see September 22, 2021 press release
HERE
).
Black Ridge Project (US $10,000,000 NGM Earn-in)
One deep core hole was completed by NGM in August with the primary goal of testing the same lower-
plate host rock section that hosts multiple past and currently producing gold deposits on the north Carlin
Trend
1
(
Figure 4
). Samples are being prepared for assay with results anticipated in Q4, 2025.
NGM has incurred a total of
US $586,904
in qualifying work expenditures at the Project through June 30,
2025, and NGM must spend a minimum of
US $4,500,000
in qualifying work expenditures by July 14,
2028, to earn an initial 60% interest in the Project (see July 17, 2023 press release
HERE
).
Figure 1
: Ridgeline's 200-kilometer² exploration portfolio in Nevada with partner projects in white
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/265615_5ed2ffcfa47e5a35_003full.jpg
Figure 2
: Simplified Long Section A-A' showing planned core hole #2 (1,600m) testing the highly
conductive MT anomaly on both sides of the interpreted thrust faults, interpreted as key fluid conduits to
the system
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/265615_5ed2ffcfa47e5a35_004full.jpg
Figure 3
: Zoomed in plan view map of the Swift property showing proposed location of 2025 drillholes
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/265615_5ed2ffcfa47e5a35_005full.jpg
Figure 4
: Plan view map of the Black Ridge property showing the location of 2025 drillhole RLX-25001
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/265615_5ed2ffcfa47e5a35_006full.jpg
Note 1: The QP has been unable to verify the Fallon and Ren resources and mineralization on nearby
properties is not necessarily indicative to the mineralization potential on the Black Ridge property.
QAQC Procedures
Selena 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 sent
to Paragon Geochemical Labs (PAL) of Sparks, Nevada.
Samples are prepared using industry-
standard prep methods and analysed using FA-PB30-ICP (Au; 30g fire assay) and ICP-5AM48 (48
element Suite; 0.5g 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.
Swift and Black Ridge samples are submitted to ALS Minerals, Elko Nevada, which is a certified and
accredited laboratory, independent of Nevada Gold Mines. Samples are prepared using industry-
standard prep methods and analysed using Au-AA23 (Au; 30 g fire assay) and ME-MS61 (48 element
Suite; 0.25 g 4-acid digestion/ICP- MS) methods. ALS also undertakes its own internal coarse and pulp
duplicate analysis to ensure proper sample preparation and equipment calibration. Nevada Gold Mines
QAQC program includes regular insertion of CRM standards, duplicates, and blanks into the sample
stream with a stringent review of all results completed internally by Nevada Gold Mines technical
personnel.
Technical information contained in this news release has been prepared under the supervision of, and
approved by, Michael T. Harp, CPG, the Company's Vice President, Exploration. Mr. Harp is a "qualified
person" under National Instrument 43-101 -
Standards of Disclosure for Mineral Projects
.
About Ridgeline Minerals Corp.
Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management
team and a 200 km
2
exploration portfolio across seven projects in Nevada, USA. The Company is a
hybrid explorer with a mix of 100%-owned exploration assets (Big Blue, Atlas, Bell Creek & Coyote) as
well as two earn-in exploration agreements with Nevada Gold Mines at its Swift and Black Ridge
projects and a third earn-in with South32 at its Selena project totaling up to US $60 million in partner-
funded exploration expenditures. 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.
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 assay
results for core hole SW24-004 and the potential significance thereof. The words "potential",
"anticipate", "meaningful", "significant", "pending", "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 the current objectives concerning the
Swift 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/265615