Vior Maintains Its 9.9% Equity Interest IN Nevada Focused Ridgeline Minerals Corp.
VIOR MAINTAINS ITS 9.9% EQUITY INTEREST IN NEVADA FOCUSED
RIDGELINE MINERALS CORP.
MONTREAL, CANADA, March 11, 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% ownership interest in three highly prospective Carlin -Type gold
projects in the world-class Carlin and Battle Mountain-Eureka Trends of Nevada.
Vior has made an additional investment of $167,750 in the 2nd tranche of Ridgeline’s second
seed round of financing, providing it with a non-diluted equity interest of 9.9% in Ridgeline. This
brings Vior’s total investment in Ridgeline to $625,850 for a total of 3,642,500 shares. Ridgeline
is targeting an initial public offering (IPO) and listing on the TSX.V in 2nd Quarter 2020.
Ridgeline’s highly prospective 110-km² exploration portfolio which includes the Carlin-East, Swift
and Selen projects (Figure 1 ), represents a unique opportun ity 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 drilling
partnership with Envirotech Drilling LLC to significantly reduce direct drilling costs at a 60%
discount to market rates through 2022. This will ensure that more exploration dollars are going
in the ground early in the exploration cycle.
Carlin-East is a 34-square kilometer underexplored core land position in the C arlin 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. The 2020 drill program will look to test the high priority Crash Zone target.
Swift is a 51-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 Hill s and Goldrush
mines. The property exhibits altered and mineralized U pper Plate rocks as well as kilometer-
scale Au and Carlin-Type pathfinder element , soils anomalies across the untested DDF fault
zone and Goat anticline target areas . Historic drilling defined a depth to Lo wer 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. Ridgeline has recently identified
multiple km-scale Au anomalies within an untested 18-km2 NW-trending structural corridor.
Selena is a 25-square kilometer early stage Carlin -Type Au exploration project lo cated within
the historic Limousine Butte 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 O xide 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 o f 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 about Ridgeline’s 2020 exploration program which will include a $2.5M CAD
exploration budget and 5,400m of drilling across all three projects. Ridgeline is very well
capitalized and will be ready to fully execute on their 2020 exploration program following the
close of their planned 2nd Quarter 2020 IPO. 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. We look
forward to working closely with the Ridgeline team!”, stated Mark Fedosiewic h, 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. S uch 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.