Vior Announces Strategic Investment IN Nevada GOLD Explorer
VIOR ANNOUNCES STRATEGIC INVESTMENT IN NEVADA GOLD EXPLORER
QUÉBEC, CANADA, May 31, 2019 – SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC.
("Vior"), (TSX-Venture: VIO , FRANKFURT: VL51 ) – is pleased to announce a strategic
investment in Carlin- Type Holdings Ltd ( ‘’CTH’’). This is an arm’s length transaction. CTH is a
private “Corporation”, incorporated under the Business Corporations Act (British Columbia)
whose wholly owned Nevada subsidiary Ridgeline Minerals Corporation (Ridgeline), 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 invested $210, 600 in the initial seed round of financ ing, providing it with an equity
interest of approximately 8.3% in CTH. Vior has also been granted a p re-emptive right to
participate on a pro-rata basis in CTH’s next equity private placement 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’s with
EMX Royalty Corp. and Envirotech Drilling LLC to significantly reduce overhead and direct
drilling costs, ensuring exploration dollars are going in the ground during the early phase of the
exploration cycle.
Carlin-East is a 17-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 next to Barrick’s
Goldstrike (50+ Moz. Au, past production and reserve) complex. The primary ore controlling
structures of the Leeville- Turf mine extend onto the Carlin- East property and coincide with a
pronounced gravity geophysics high. A conceptual Carlin- Type exploration target has been
defined within this structural corridor and Ridgeline is in the process of completing additional
geophysics, sampling, mapping, and historic data review before an initial drill program on this
high priority target in the summer of 2019.
Swift is a 28- square kilometer core land position on the Battle Mountain- Eureka trend. The
property is directly on trend with the Cortez district which includes the prolific multi-million ounce
gold mines; Pipeline, Cortez Hills and Goldrush. The property exhibits altered upper plate rocks
with anomalous gold mineralization as well as Carlin- Type pathfinder elements. Historic drilling
did not test the highly pros pective Goat anti cline target but did define a r easonable depth to
Lower Plate stratigraphy of 580 to 670 meters and yielded multiple intervals with highly
anomalous Carlin-Type Au mineralization.
Selena is a 25.9-square kilometer early stage Carlin-Type Au exploration project located within
the proposed extension of the South- Carlin Trend. The property lies at the southern end of the
Cherry Cr eek Range to the east of Kinross Gold’s Bald Mountain and Alligator Ridge mines
(4.5+ Moz. Au, reserve and resource) 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 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 is well capitalized following the close of their $1,500,000 CAD private placement in
May 2019 and is ready to execute on their 2019 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 outstanding 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 approved by Mr. Marc
L'Heureux, P.Geo., who is the Company's Qualified Person as per NI 43-101.
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
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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.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined
in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.