Ridgeline Minerals Commences Drill Program at the Selena CRD Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (" Ridgeline" or the " Company") is pleased to announce the commencement of its 2025 drill program at the Selena Carbonate Replacement ("CRD") project ("Selena" or "Project") (Figure 1). The Project is currently being operated by Ridgeline under Phase 1 of an earn-in agreement with a wholly owned subsidiary of South32 Limited ("South32"). All dollars noted are US dollars.
South32 has approved a Year-2 exploration budget of $3,450,000 to drill up to three deep core holes (4,500 metres total) targeting the highly conductive Magnetotellurics ("MT") anomaly that was identified at the Chinchilla Sulfide CRD target (Figure 2) in early 2025. All three core holes will target specific stratigraphic and structural horizons across the known strike of the MT anomaly, with the first of three holes targeting the shallowest expression of the Chinchilla Sulfide target. The anomaly plunges roughly 45 degrees north to south and is bound on both sides by a series of east verging thrust faults, interpreted as key fluid conduits to the CRD system (Figure 3).
Figure 1: Plan view map of the Selena project showing the locations of the three planned core holes (red stars) that will test the multikilometer-scale MT anomaly at the Chinchilla Sulfide target.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/256431_b6f8e37f142e2b1e_003full.jpg
Figure 2: Simplified Long Section A-A' showing planned core hole #2 (1,600m) testing the highly conductive MT anomaly on both sides of the interpreted thrust faults, which are inferred as key structural controls to the CRD system.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/256431_b6f8e37f142e2b1e_004full.jpg
Figure 3: Simplified Chinchilla Sulfide Cross Section B-B' showing planned core holes 1-3 testing the 2+ kilometer strike extent of the MT anomaly, which is interpreted as a highly conductive sulfide CRD target.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/256431_b6f8e37f142e2b1e_005full.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.
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.
Selena Project
Selena is located in White Pine County, Nevada, approximately 64 kilometers ("km") north of the town of Ely, NV. The Project is currently being operated by Ridgeline under Phase 1 of an earn-in agreement with a wholly owned subsidiary of South32 Limited ("South32") and shares a property boundary with the Butte Valley project, a $33M earn-in agreement between Freeport-McMoRan and the underlying owner, Falcon Butte Minerals. The Project is comprised of 39 square kilometers 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). For additional information regarding the South32 earn-in agreement terms, view the August 22, 2024 news release HERE.
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
cpeters@ridgelineminerals.com
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
34 minutes ago
- Globe and Mail
Public market insider selling at LQWD Technologies (LQWD)
Alex P. Guidi, a Director, disposed of 226,400 Common Shares on a direct ownership basis at a price of $8.746 on June 24th, 2025. This represents a $1,980,004 divestment of the company's shares and an account share holdings change of -13.4%. Let the insiders guide you to opportunity at
CTV News
an hour ago
- CTV News
Former Olympian from Quebec City making affordable bikes for children
Former Olympian Louis Garneau has switched gears and is launching a company to make bicycles for children. (Louis Garneau) He's a familiar name in cycling and after selling his original company, former Quebec Olympian Louis Garneau is back in the saddle with a new business geared towards making cycling accessible for kids. Garneau, 66, said he was supposed to be retired, but his passion for cycling just wouldn't slow down. 'I decided to do a bicycle for children,' said the president of LG Art Factory. Former Olympian Louis Garneau with children Former Olympian Louis Garneau has switched gears and is launching a company to make bicycles for children. (Louis Garneau) His new brand is called Louis Louis, which makes affordable bikes for kids from three to 12. At only a few hundred dollars, they're designed for learning and inspired by his grandchildren. 'It's a big venture. I have a lot of motivation because I'm, a grandfather of three little children,' said Garneau. After facing some financial setbacks that led him to sell his original company, Garneau said he's happy to be back in business. While he's still selling some higher-end bikes for adults, his real goal is to get more children into the sport. 'We need this culture, and we need to push it up, and it's it's correct for all the children,' he said. Each bike comes with an Olympic-style medal to give young riders a boost of confidence and something to aspire to. 'So maybe you can be an Olympian, or you can be a good, a good cyclist or a good traveller, but it's something special,' he said. Garneau said he wants the youth to put down their phones and pick up a helmet, something he did with his father when he was just three years old. 'One day I was free on my bike and I said, 'Oh, this is wow! This is magic on two wheels,' he said. He expects his company to be available to ship orders in November.
CTV News
an hour ago
- CTV News
Montreal Jewish museum reopens century-old sewing shop as a pop-up exhibit
H. Fisher & Fils, a sewing supply shop located on St-Laurent Boulevard, in Montreal on Wednesday, June 25, 2025. The Museum of Jewish Montreal has created an exhibit with tours to explore the history of the shop, which was open from 1922-2022. THE CANADIAN PRESS/Christinne Muschi MONTREAL — For 100 years, H. Fisher & Fils was a fixture of Montreal's garment industry, serving up orders of buttons, bolts of cloth and sewing supplies from its storefront on St-Laurent Boulevard in the city's Plateau neighbourhood. As the area transformed and other garment stores moved away, H. Fisher & Fils remained, operated until 2022 by Esther Fisher, the widow of the original owner's son. Earlier this month, the store reopened, but this time with a transformation of its own: as a pop-up museum exhibit and heritage space paying tribute to Montreal's garment industry and its role in the city's Jewish community. The space appears largely unchanged from its working days. Fisher and her husband Mitch seem to have rarely thrown anything away, from vintage sewing machines and old cash registers on the counters to old newspaper clippings on the wall. 'There's been so much change in this neighbourhood and you can't necessarily feel that anymore, and this is a really tactile and physical way to understand what once was,' said Taryn Fleischmann, cultural programming and exhibitions co-ordinator for the Museum of Jewish Montreal, which opened the space earlier this month. 'I think it's a really accessible way to comprehend our history, and it would be like a shame to let that go.' When it opened in 1922, the store was one of many garment businesses on and around St-Laurent Boulevard -- known as the Main. They were often owned and staffed by Jewish tailors and seamstresses who had arrived from Eastern Europe. While it originally opened a few blocks away, it soon moved to the modest storefront where the exhibit now resides, with the Fisher family living in the apartment above. It was a notions supply store, meaning it didn't make garments but rather provided the supplies to customers including the Cirque du Soleil, opera productions, suit-makers and fashion schools. Guests who step into the museum are greeted by rolls of cloth running from floor to ceiling, while shelves and boxes are packed with zippers, snaps and other supplies. A screen plays a brief interview with Esther Fisher, filmed when she was in her 90s. In the clip, she described taking over the store after her husband's death, with little formal work experience outside of raising her children. Fisher, who died shortly after the store closed in 2022, is a presence throughout the space. Her handwriting and that of her husband, Mitch, is scrawled on the walls, the order sheets, the ledger that sits on the counter, and on the labels affixed to bolts of cloth. Guests who book a tour with the museum are encouraged to touch the cloth swatches, spools of thread and button and zipper samples. 'I think it's a very sensory experience as well as a learning experience,' said Austin Henderson, the museum's arts programming and communications manager. 'I think it's a great way for people to feel history, to touch it, to see it with their own eyes as opposed to behind a display case or perhaps in a more conventional museum space.' While the museum plans to eventually add more exhibit features, including stories collected from people who knew the Fisher family, Henderson says he enjoys the personal touches. His favourite object has nothing to do with sewing: it's a coffee mug stuffed with tools and utensils customers left behind. Fleischmann said the store is part of the shmata industry -- Yiddish for rag or cloth -- and which was an important source of jobs and security for Jewish immigrants in the early 20th century. 'I think that a lot of individuals who are not so tied to the community don't realize that a huge reason why Jewish immigrants came to Montreal was for the garment industry history,' she said. 'A lot of seamstresses in Eastern Europe, they had to flee, and came here and took up jobs in a similar way.' In the 19th and 20th centuries, St-Laurent Boulevard was home to successive waves of immigrants who lived, worked and set up shop in the dense, bustling neighbourhood. Over time, Jewish immigrants spread out to different parts of the city, while the garment industry moved northwest, to an area above Highway 40. Today, the street is lined with trendy restaurants, boutiques and cafés rather than sewing shops. 'This store, as it stands, is really the last fixture of that specific time,' Fleischmann said. This report by The Canadian Press was first published June 30, 2025. Morgan Lowrie, The Canadian Press
