Ridgeline Minerals Provides Drill Program Updates for Swift and Selena Gold-Silver Projects, Nevada
Ridgeline Minerals Provides Drill Program
Updates for Swift and Selena Gold-Silver
Projects, Nevada
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Ridgeline Minerals Corp.
(TSXV:
RDG) ("
Ridgeline
" or the "
Company
") is pleased to provide a drill program update for its Swift gold
project ("
Swift
") and its Selena shallow oxide gold-silver project ("
Selena
") in Nevada.
At Swift, the Company is in the process of completing the remaining 1,500 meters ("m") of the planned
3,000m
Phase I drill program
, which is targeting the same carbonate (Lower Plate) host rocks that host
the multi-million ounce Pipeline, Cortez Hills and Goldrush deposits on-trend to the southeast. All
planned reverse circulation ("
RC
") pre-collars are complete, and the program has recently transitioned to
diamond drill core-tails, which will increase drilling productivity and allow the Company to collect higher
quality downhole data. Drilling completed to-date has intersected favourable carbonate host rocks at
relatively shallow depths (less than 600m vertical) with variable Carlin-Type alteration and mineralization
assemblages noted within multiple carbonate debris flow horizons. The assay results for the first two
holes are pending with anticipated completion of the program in late November.
Today at Selena, Ridgeline mobilized an RC drill rig to complete a minimum 1,500m Phase III drill
program with the objective of increasing both the grade and thickness of previously announced
(September 15, 2020) oxide gold-silver results from the
Phase II drill program
. Drilling will also test a
highly elevated gold-arsenic-antimony surface soils anomaly that extends over a strike length of 1+
kilometer ("
km
") between the Chinchilla and Juniper targets. Anticipated completion of the program is in
late November with assay results to be released as they are received.
Phase II highlight drill results included:
RC hole SE20-005:
4.6 m @ 1.62 g/t gold and 25.73 g/t silver
starting at 35.1m downhole
RC hole SE20-007:
3 m @ 0.41 g/t gold and 792.3 g/t silver
starting at 135.6m downhole
RC hole SE20-014:
29 m @ 0.38 g/t gold and 65.28 g/t silver
starting at 126.5m downhole
Swift Project
Swift is located in the Cortez District of the historic Battle Mountain - Eureka Trend immediately adjacent
to the historic Elder Creek gold mine and on trend to the Pipeline, Cortez Hills and Goldrush deposits
(view our Swift VRIFY deck)
, which comprise the multi-million ounce Cortez Complex owned by Nevada
Gold Mines (a joint venture between Barrick Gold and Newmont Gold). The property is located
approximately 30 km south of the town of Battle Mountain, in Lander County, Nevada.
Selena Project
Selena is a shallow-oxide, gold-silver exploration play located on the southern extension of the Carlin
trend just 12 km southeast of the Bald Mountain gold mine owned by Kinross Gold Corp
(view our
Selena VRIFY deck)
. The property is located approximately 64 km north of the town of Ely in White Pine
County, Nevada.
About Ridgeline Minerals Corp.
Ridgeline is a discovery focused gold explorer with a proven management team and 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 and Director
Further Information:
Chad Peters, P.Geo.
President, CEO and Director
Ridgeline Minerals Corp.
1-866-RDG-NVAU (734-6828) - toll free
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.
Forward Looking Statements
This press release contains certain forward-looking statements as well as historical information.
Readers should not rely on information in this summary for any purpose other than for gaining
general knowledge of Ridgeline Minerals Corporation ("Ridgeline", or the "Company"). Forward-
looking statements include, but are not limited to, the advancement of mineral exploration,
development, and operating programs. The words "potential," "anticipate," "significant," "forecast,"
"believe," "estimate," "expect," "may," "project," "plan" and similar expressions are intended to be
among the statements that identify forward-looking statements. Although Ridgeline believes that its
expectations as reflected in any forward-looking statements, are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual results will be consistent with these
forward-looking statements. Except as required by law, the Company undertakes no obligation to
update these forward-looking statements in the event that management's beliefs, estimates, opinions
or other factors should change.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/66992