Ridgeline Minerals Receives Exploration Plan of Operations Permit at the Selena CRD Project, Nevada
Ridgeline Minerals Receives Exploration Plan
of Operations Permit at the Selena CRD
Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - August 15, 2024) - Ridgeline Minerals Corp. (TSXV:
RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("
Ridgeline
" or the "
Company
") is pleased to announce
another significant permitting milestone for the Selena CRD project ("Selena") with the approval of its
Exploration Plan of Operations ("PoO") permit. Upon posting of the required reclamation bond with the
Bureau of Land Management ("BLM"), the permit will allow the Company to complete up to 200 acres of
surface disturbance, including exploration drill roads and pads (
Figure 1
) for future exploration programs
at Selena.
Plan of Operations Highlights
The PoO will allow for up to 200 acres of combined surface disturbance to be conducted within the
PoO boundary (see green box -
Figure 1
)
The approved Phase 1 disturbance, as highlighted by white dots denoting drill pad locations
(
Figure 1
) accounts for roughly 34.0 acres of total surface disturbance.
Phase 1 was designed to systematically test the known mineralized CRD corridor between
the Butte Valley Porphyry (Freeport-McMoRan) and Ridgeline's outcropping Chinchilla Oxide
discovery
High priority targets include the Skarn and Chinchilla Sulfide targets (
Figure 1
)
The Company will provide an annual work plan to the BLM where it will have the opportunity to
revise the Phase 1 road and drill pad locations as needed to support future phases of exploration
Additional disturbance requirements outside of the 34.0-acre Phase 1 footprint will require
additional baseline surveys and reclamation bonding to support the permit
Michael Harp, Ridgeline's Vice President, Exploration commented, "The approval of our plan of
operations is a significant permitting milestone for Selena, and we sincerely appreciate the support of
the BLM and local permitting agencies who helped make this happen. The Chinchilla Sulfide and
Skarn targets continue to be the Company's highest priority exploration targets with two 2022 scout
drillholes at the Chinchilla Sulfide target intersecting
robust CRD mineralization over 2 kilometers
down-dip of the outcropping Chinchilla Oxide discovery. We can now begin planning the next phase of
exploration at Selena, which will be aggressively explored at depth and along strike towards Freeport-
McMoRan's Butte Valley Porphyry project adjacent to our western claim boundary."
Figure 1
:
Plan view map of the Selena project showing the Phase 1, Plan of Operations (green box)
boundary and approved drill pads (white dots) within the existing mineralized footprint of the Chinchilla
Oxide and Sulfide CRD discoveries
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/220012_5fc31849a401bb42_002full.jpg
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 the underlying owner, Falcon Butte Minerals. The 100%
owned project is comprised of 39 square km's of highly prospective exploration ground including
Ridgeline's shallow-oxide Ag-Au ± Pb-Zn Chinchilla Oxide and deeper Chinchilla Sulfide discoveries.
Subsequent drilling has continued to highlight the potential for high-grade CRD type mineralization (Ag-
Au-Pb-Zn ±Cu-W) between Chinchilla Oxide and Freeport-McMoRan's Butte Valley Cu-Au-Ag-Zn
porphyry located directly west of the property.
(View the Selena VRIFY Deck Here)
The 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" as defined 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 192 km
2
exploration portfolio across five projects in Nevada, USA. The Company retains a
highly prospective and 100% owned exploration portfolio consisting of the Selena and Big Blue projects,
as well as two earn-in exploration agreements with Nevada Gold Mines at the Swift and Black Ridge
gold projects. 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 potential
benefits of the
Earn-In Agreement and the transactions contemplated thereby (collectively the "Earn-
In Transaction"). 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; that all
conditions precedent to the Earn-In will be satisfied in a timely manner; the current objectives
concerning the Project and the Company's other projects 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.
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https://www.newsfilecorp.com/release/220012