Ridgeline Minerals Stakes High-Grade, Carlin- Type Gold Project in Nevada To view a summary of today's press release by Ridgeline CEO Chad Peters, click HERE
Ridgeline Minerals Stakes High-Grade, Carlin-
Type Gold Project in Nevada
To view a summary of today's press release by Ridgeline CEO Chad Peters, click
HERE
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2025) - Ridgeline Minerals Corp. (TSXV:
RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("
Ridgeline
" or the "
Company
") is pleased to announce the
staking of the Atlas Gold Project, ("
Atlas
" or the "
Project
") a high-grade, oxide gold ("Au") exploration
prospect in Eureka County, Nevada (
Figure 1
). The Company acquired Atlas via the low-cost staking of
59 lode claims totaling 1,219 acres (5.0 square kilometers). The Project is 100% owned by the
Company and retains no underlying lease payments, work commitments or royalty obligations.
The Project encompasses an approximately 3-kilometer ("km") long by 0.5 km wide, gold in soils
footprint that is supported by an extensive historical rock chip database of 346 samples, with highlight
grades of up to 7.7 grams per tonne ("g/t") Au and 3.2 g/t Au (
Figure 2
).
Atlas exhibits classic Carlin-
Type alteration and gold mineralization that outcrops at surface and is hosted by the same
Pennsylvanian to Permian age host rocks as Orla Mining's multi-million-ounce, Dark Star Deposit,
located on the southern Carlin Trend. The Project has never been drilled and represents an opportunity
to make a bulk tonnage, oxide gold discovery in the Carlin Trend.
Chad Peters, Ridgeline's President & CEO, commented, "Staking the Atlas project is a great example
of our team's ability to continue generating high quality exploration opportunities in mature districts in
Nevada. Carlin-Type gold deposits continue to deliver some of the highest value per ounce in the
ground anywhere in North America, and Atlas represents a low-risk opportunity with considerable
exploration upside."
Mr. Peters continues, "Furthermore, our Vice President of Exploration, Mike Harp, brings a unique
perspective to exploration at Atlas, having previously led the discovery of the multi-million-ounce
North Dark Star deposit, which is hosted in the same Penn-Perm host rocks and considered a direct
analogue to the gold system at Atlas. Mike recognized the potential at Atlas immediately and our
team is excited to get out in the field this spring and make a new gold discovery."
Rock Chip Highlights:
Historical rock chips up to
7.7 g/t Au, 3.2 g/t Au and 2.9 g/t Au
(
Figure 2
)
A total of 346 historical rock chip samples have been collected across the property ranging
from 0.002-7.70 g/t Au (avg. 0.17 g/t Au)
136 of the rock chip samples returned grades of 0.10 g/t Au or higher
32 rock chip samples returned grades averaging 0.40 g/t Au or higher
Ridgeline collected 9 rock chip samples during initial field reconnaissance ranging from 0.007-
0.72 g/t Au (avg. 0.13 g/t Au)
For a table of significant rock chip values click
HERE
Soil Sample Highlights:
A total of 447 historical soil samples were collected across the property ranging from below
detection limit ("BDL") to 0.12 g/t Au (avg. 0.008 g/t Au) (
Figure 2
)
The kilometer-scale soils anomaly correlates well with both historical rock chips and outcropping
jasperoid occurrences within Penn-Perm carbonate host rocks
2025 Exploration Strategy
The team will focus on 3D modelling and permitting initiatives in Q1, to prepare for a maiden drill
program (3-5 holes) in Q2. Field mapping and additional rock chip sampling and prospecting are a high
priority for the team, however, access to the site is weather dependent with limited field work anticipated
in January and February. The Company anticipates the submittal of a Bureau of Land Management
administered Notice of Intent ("NOI") exploration permit in late Q1 to allow for up to five (5) acres of
surface disturbance, which will be allocated to road and pad building to support a maiden drill program.
Figure 1
: Plan view map showing the location of the Atlas oxide gold project as well as Ridgeline's six
other exploration projects in Nevada, which are a mix of 100%-owned and earn-in exploration
agreements with Nevada Gold Mines and South32
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/236253_7d78858f04aa7b0c_002full.jpg
Atlas Project
Atlas is located in Eureka County, Nevada, approximately 30 kilometers southwest of the town of Carlin,
NV. The property exhibits classic Carlin-Type alteration and gold mineralization within outcropping
Pennsylvanian to Permian age carbonate to siliciclastic host rocks. The primary target at Atlas is a bulk
tonnage, oxide, Carlin-Type gold discovery, which is analogous to the nearby Dark Star gold deposit
(part of the greater Railroad Mining District), which is currently owned by Orla Mining and advancing
towards mine development. The 100% owned Project is comprised of a total of five square kilometers of
highly prospective exploration ground that has never been drill tested and will benefit from the Ridgeline
teams systematic approach to discovery (view the Ridgeline Corporate Deck
HERE
)
.
Figure 2
: Plan view map of the Atlas property showing an untested 3-kilometer gold in soils and rock
chip anomaly that is briefly broken up by shallow alluvium separating the north and south claim blocks
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/236253_7d78858f04aa7b0c_003full.jpg
QA/QC 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 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.
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. Mr. Harp has reviewed
all available historical data and cross-referenced the results against Ridgeline samples and field
observations and deemed the historical data adequate. However, the Company has only collected nine
reconnaissance rock chip samples to date and further field work is required to confirm the results of the
historical geochemical database. It is the QP's opinion that the historical data should be considered
historical in nature until the Company can verify with its own surface geochemical confirmation program.
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. 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
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/236253