Vior Announces Increased Investment to 9.9% IN Private Nevada GOLD Explorer
VIOR ANNOUNCES INCREASED INVESTMENT TO 9.9% IN PRIVATE NEVADA GOLD
EXPLORER
MONTREAL, CANADA, January 17, 2020 – SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC.
("Vior"), (TSX-Venture: VIO, FRANKFURT: VL51) – is pleased to announce a further strategic
investment in Ridgeline Minerals Corp(“Ridgeline”)(formerly Carlin-Type Holdings Ltd.). This is an
arm’s length transaction. Ridgeline is a private “Corporation”, incorporated under the Business
Corporations Act (British Columbia) whose wholly owned Nevada subsidiary holds the option to
acquire a 100% interest in three highly prospective Carlin-Type gold exploration projects in the
world-class Carlin and Battle Mountain Eureka Trends of Nevada.
Vior has made an additional investment of $247,500 in the 1st tranche of Ridgeline’s second round
of financing, providing it with a non-diluted equity interest of approximately 9.9% in Ridgeline. Vior
has also been granted a Participation Right to maintain its 9.9% equity interest( pro-rata basis) in
Ridgeline’s 2nd tranche (expected early February, 2020) of this second round of private placement
equity financing.
Ridgeline’s highly prospective Carlin -East (1,700 hectares), Swift ( 2,792 hectares) and Selena
(2,590 hectares) projects (Figure 1) represent a unique opportunity to make a new discovery in
proven mining districts within the No.1 ranked mining jurisdiction in the world.
Figure 1: Location of Ridgeline’s properties on the Carlin and Battle Mountain - Eureka Trends
PRESS RELEASE
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Ridgeline will further increase the odds of discovery by leveraging its strategic partnership with
Envirotech Drilling LLC to significantly reduce direct drilling costs, ensuring exploration dollars are
going in the ground during the early phase of the exploration cycle.
Carlin-East is a 33-square kilometer underexplored core land position in the Carlin Trend that is
on trend with Newmont’s multi-million ounce Leeville -Turf gold mine and adjacent to Barrick’s
multi-million ounce Goldstrike complex. The primary ore controlling structures (Leeville Corridor)
of the Leeville -Turf mine extend onto the Carlin -East property and coincide with a pronounced
gravity geophysics high. A single Ridgeline drillhole (CE19-001) in 2019 confirmed a depth to
Lower Plate of 790 vertical meters (2,600 ft.) within this structural corridor. Ridgeline has since
defined a highly prospective conceptual Carlin-Type exploration target 2,000 meters along strike
to the north and is in the process of completing additional geophysics, sampling, mapping, and
historic data review to advance this target to a 2020 drilling decision.
Swift is a 49-square kilometer core land position in the Cortez District of the Battle Mountain-
Eureka trend. The property is directly on trend of the multi-million ounce Nevada Gold Mines
operated Cortez Mining Complex comprised of the prolific Pipeline, Cortez Hills and Goldrush
mines. The property exhibits altered and mineralized Upper Plate rocks as well as kilometer-
scale Au and Carlin-Type pathfinder element, soils anomalies across the untested DDF and Goat
anticline target areas. Historic drilling defined a depth to Lower Plate target stratigraphy of 580
meters (1,900 ft.) and yielded multiple intervals of highly anomalous Carlin-Type Au mineralization
that did not receive follow-up drilling.
Selena is a 25-square kilometer early stage Carlin-Type Au exploration project located within the
Alligator district of the South-Carlin Trend. The property lies at the southern end of the Cherry
Creek Range to the east of Kinross Gold’s Bald Mountain and Alligator Ridge mines and directly
south of McEwen Mining’s Golden Butte and Resurrection Ridge projects. Ridgeline will focus on
a newly identified Oxide Au structural target that has been highlighted by multiple EMX Royalty
Corp. grab samples collected across this zone that averaged 1 .09 g/t Au (n=16), with a high of
6.02 g/t Au ( The Company cautions that grab samples are selective by nature and the results are
not necessarily indicative of the mineralization on the property). The structural target is untested
by drilling and appears to widen as it cuts up -section and continues under shallow cover to the
West where it is projected to intersect the Pilot Shale, a regionally important host to gold
mineralization.
“We are excited and privileged to be a part of this exciting new Nevada exploration company.
Ridgeline will be well capitalized following the final close of this equity private placement in
February, 2020 and is ready to execute on their 2020 exploration programs. Chad Peters, B.Sc.,
P.Geo. (President & CEO) and Mike Harp, M.Sc., P.Geo (Senior Exploration Geologist) bring an
outstanding exploration track record to the Ridgeline team in their quest for the next great Nevada
discovery. This investment will also provide Vior with the opportunity to capitalize on Ridgeline’s
experienced technical skills and Nevada know-how. We look forward to working closely with the
Ridgeline team!”, stated Mark Fedosiewich, Vior’s President and CEO.
The technical content disclosed in this press release was reviewed and approve d by Mr. Marc
L'Heureux, P.Geo., who is the Company's Qualified Person as per NI 43-101.
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About Vior
Vior is a junior mining exploration company based in Quebec whose corporate strategy is to
generate, explore, and develop high quality projects in proven and favourable mining jurisdictions
in North America. Through the years, Vior’s management and technical team have demonstrated
their ability to discover several gold deposits and many high-quality mineral prospects.
For further information, please contact:
Mark Fedosiewich Marc L’Heureux
President and CEO Vice-president, Exploration
Tel.: 613-898-5052 Tel.: 450-646-1790
[email protected] [email protected]
Website: www.vior.ca
SEDAR: Société d’exploration minière Vior inc.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward -looking statements that are subject to known and unknown risks and
uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties
include those described in Vior’s periodic reports including the annual report or in the filings made by Vior from time
to time with securities regulatory authorities.