Latest news with #ChadPeters
Yahoo
2 days ago
- Business
- Yahoo
Ridgeline Minerals Announces Correction Notice for Annual General Meeting
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is announcing an update to the notice of meeting and information circular of Ridgeline in connection with its upcoming annual general meeting scheduled for August 12, 2025 (the "Amended AGM Materials"). The Company has addressed a typographical error in the Amended AGM Materials regarding the record date, confirming it as July 3, 2025. Shareholders are advised to access the Amended AGM Materials under the Company's profile on SEDAR+ and the Company's website About Ridgeline Minerals Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 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 On behalf of the Board "Chad Peters" President & CEO Further Information:Chad Peters, CEO & DirectorRidgeline Minerals Corp.+1 775 304 9773cpeters@ 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 StatementsStatements 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. 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; 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
Yahoo
03-06-2025
- Business
- Yahoo
Ridgeline Minerals Sells Tungsten and Critical Metals Project to Midasco Capital Corp.
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") and Midasco Capital Corp. ("Midasco") (TSXV: MGC.H) are pleased to announce that they have entered into an arm's length share purchase agreement dated June 2, 2025 (the "Agreement") pursuant to which Midasco will acquire 100% of the shares in Spartan Exploration Nevada Corporation ("Spartan"), a wholly owned subsidiary of Ridgeline (the "Proposed Transaction"). Spartan holds 244 lode mineral claims located in White Pine County, Nevada which are referred to as the Eagle Property ("Eagle" or the "Property"), which were acquired via staking in 2024 (Figure 1). The Eagle Property is a Tungsten-Copper porphyry and skarn system which hosts one of the highest-grade past producing Tungsten districts in the United States with the Tungstonia (Figure 2) and Rees (Figure 3) mine operations producing a reported 8,352 Metric Ton Units ("MTU") of Tungsten trioxide ("W03") at average grades of 0.6-1.0% between 1917-1956¹. The Property also exhibits significant concentrations of Rubidium ("Rb") - Copper ("Cu") - Silver ("Ag") - Antimony ("Sb") as well as lesser Lead ("Pb") and Zinc ("Zn"), which is interpreted as part of the larger metal zonation pattern of the porphyry system across the district. Chad Peters, Ridgeline's President & CEO, commented, "We staked the Eagle Property in early 2024 and management has completed a thorough assessment of our options to maximize the value of this unique asset for Ridgeline shareholders. The Eagle property is one of the highest-grade past producing Tungsten districts in the United States and with the increase in critical mineral requirements in the US, we believe that Eagle would best be served in a standalone public company that will focus on critical minerals exploration and development." Mr. Peters continues, "Ridgeline will remain focused on advancing its 100%-owned precious and base metal exploration portfolio while also supporting the Company's partnerships with South32 and Nevada Gold Mines. We are pleased to become Midasco's largest shareholder as we seek to create shareholder value through discovery and this transaction adds another element to our growing portfolio." William Pettigrew, CEO of Midasco, stated, "After reviewing numerous exploration projects, Midasco is pleased to have entered into an agreement with Ridgeline to acquire the Eagle Property, which exhibits significant exploration potential and will become our flagship asset moving forward." The terms of the Agreement include: Subject to TSX Venture Exchange approval, Midasco will issue common shares (the "Consideration Shares") to Ridgeline as follows: At the time of closing, 5,830,466 Consideration Shares representing 19.9% of Midasco's total issued and outstanding shares; and On the one-year anniversary of the closing date, Consideration Shares equal to the lesser of: (i) 5,000,000; and (ii) such number of Consideration Shares as would result in Ridgeline's holding 19.9% of Midasco's total issued and outstanding shares. Ridgeline will also be granted a 1% net smelter return royalty on the Property as well as on any additional ground staked within a 2-mile area of interest around the Property. In connection with the Proposed Transaction, Midasco intends to apply to the TSX Venture Exchange (the "Exchange") for a reactivation of its listing to become a Tier 2 mining issuer on the TSXV (the "Reactivation"). In addition, it is anticipated that Midasco will change its name to "Spartan Metals Corp." and concurrently change its ticker symbol, all in accordance with Exchange policies and subject to prior Exchange approval. No finders' fees are payable in connection with the Proposed Transaction. The Consideration Shares issued on the closing date will be subject to a four-month hold period in accordance with applicable securities laws. In addition, the Consideration Shares will be subject to a contractual restriction on transfer for a period of 12 months from the date of closing, with 1/12th of the securities being released to Ridgeline on each one-month anniversary of the closing date, subject to acceleration at the sole discretion of the Company. The Proposed Transaction and Reactivation remain subject to Exchange acceptance. Figure 1: Map showing the location of the Rees and Tungstonia claim blocks, which collectively form the Eagle Project To view an enhanced version of this graphic, please visit: Figure 2: Plan view map of the Tungstonia claim block highlighting the historical past producing Tungstonia Mine (Veins 1-5). Significant potential remains to expand Veins 1-5 along strike and down-dip To view an enhanced version of this graphic, please visit: Figure 3: Plan view map of the Rees claim block highlighting the historical past producing Rees (W-Ag) and Antelope (Cu-Ag±Sb) mines. High-grade Cu-Ag-Sb at Antelope associated with Tetrahedrite mineralization To view an enhanced version of this graphic, please visit: *Grab samples are selected samples and may not represent true underlying mineralization. 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 at AAL and analyzed using a photon assay (Au-Ag, 500g) at Paragon. AAL and Paragon also undertake their 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 Project. About Ridgeline Minerals Corp. Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 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 On behalf of the Board of Ridgeline"Chad Peters" President & CEO Further Information: Chad Peters, President, CEO & Director Ridgeline Minerals Corp.+1 775-304-9773cpeters@ On behalf of the Board of Midasco"William Pettigrew" CEO Further Information: William PettigrewChief Executive OfficerMidasco Capital Corp.+1 604-313-8585wcpettigrew@ 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 and Midasco have applied several material assumptions, including, but not limited to, assumptions that TSX Venture Exchange approval for the Proposed Transaction and the Reactivation 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 or Midasco 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 and Midasco's public disclosure record. Although Ridgeline and Midasco have attempted to identify important factors that could affect them 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, neither Ridgeline nor Midasco assumes 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. Source¹: NBMG Open File Report 91-1 To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
CEO.CA's Inside the Boardoom: Major Partnerships and Wholly-Owned Projects, Inside Ridgeline's Non-Stop 2025 Drilling Campaign
Toronto, Ontario--(Newsfile Corp. - April 24, 2025) - (" the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers. Founded in 2012, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies. As a media partner at investor events around the world, provides coverage of the companies shaping the future of mining, meeting with industry leaders to learn more about their vision and strategy. Meet the Executives Shaping the Mining Landscape We caught up with Chad Peters, President & CEO of Ridgeline Minerals (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) to discuss their "hybrid explorer" strategy that secures major funding from South32 and Nevada Gold Mines on three of their highly prospective projects while also advancing their 100% owned projects with potential for significant oxide gold and copper discoveries in overlooked Nevada districts. Drills are turning between now and the rest of the year on all their projects - so lots of news to follow. Ridgeline Minerals (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) Cannot view this video? Visit: Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 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 Tune into 'Inside the Boardroom' each week and be part of the conversation that's shaping the business landscape. Visit or our YouTube page for hundreds more executive interviews from here. Interested in showcasing your company on 'Inside the Boardroom'? Get in touch with our team at sales@ for further details and opportunities. About The leading community for investors & traders in junior resource & venture stocks. is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at to set up your free account. is a wholly owned subsidiary of EarthLabs, Inc. For further information please contact: Email: hello@ Website: Neither the TSX Venture Exchange ("TSXV"), OTC Best Market "(OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement The information regarding any issuer contained or referred to in any interviews conducted by has been furnished by such issuer directly, and neither nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
21-03-2025
- Business
- Yahoo
Ridgeline Minerals Closes $500k Private Placement
All dollars are Canadian unless otherwise noted Vancouver, British Columbia--(Newsfile Corp. - March 21, 2025) - Ridgeline Minerals Corp. ("Ridgeline" or the "Company") (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) is pleased to announce that in connection with its previously announced non-brokered private placement (see news release of March 18, 2025) the Company has closed its private placement effective March 20, 2025 for 2,174,000 common shares ( each a "Share") at the price of $0.23 per Share for gross proceeds of $500,020. The proceeds from the sale of the Private Placement will be used to fund exploration activities at the Company's Nevada projects and for general working capital. No finders fees were paid in connection with the Private Placement. All Shares issued pursuant to the Private Placement will be subject to a statutory four month and one day hold expiring on July 21, 2025. This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Ridgeline Minerals Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 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 On behalf of the Board "Chad Peters" President & CEO Further Information:Chad Peters, President, CEO & Director Ridgeline Minerals Corp.+1 775 304 9773cpeters@ 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 statements in this release, for example include but are not limited to: the general use of proceeds, that the Company will complete the Financing that the Company will carry out exploration on its Nevada properties. 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, the current objectives concerning the Company's projects 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. Not for dissemination in the United States or through U.S. newswires To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
25-02-2025
- Business
- Associated Press
Ridgeline Minerals MT Survey Confirms High-Priority 2025 Drill Targets at the Selena CRD Project, Nevada
To view a summary of today's press release by Ridgeline CEO Chad Peters, click HERE Vancouver, British Columbia--(Newsfile Corp. - February 25, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ('Ridgeline' or the 'Company') is pleased to announce the results of the Magnetotellurics ('MT') Geophysical survey completed in late 2024 at the Selena Carbonate Replacement ('CRD') project ('Selena' or 'Project') ( Figure 1 ). The MT survey has identified a strong, kilometer-scale conductive anomaly that suggests the potential for the Chinchilla Sulfide target to host a robust silver ('Ag') - gold ('Au') - lead ('Pb') - zinc ('Zn') CRD system at depth. Given these results, budgeting and planning in support of an accelerated 2025 Phase I drill campaign is currently in progress. The Project is currently being operated by Ridgeline under Phase 1 of the earn-in agreement with a wholly owned subsidiary of South32 Limited ('South32"). Highlights of the MT survey are detailed below. Mike Harp, Ridgeline's Vice President, Exploration commented, 'The CRD target coming together at Chinchilla Sulfide has exceeded our teams' expectations in every way. The scale and intensity of the MT anomaly, combined with two high-grade intercepts drilled by our team in 2022 that tested the edges of the previously unknown MT anomaly now suggests we are vectoring towards a sulfide CRD horizon at depth.' Mr. Harp continues, 'Drill planning is in progress for our 2025 program and the inclusion of the MT data into our geological model has allowed us to more efficiently target the highest priority anomalies at depth. We have a high degree of confidence in the MT interpretation given that our partners at South32 have utilized MT geophysics to identify mineralized CRD trends at the Taylor deposit, part of South32's Hermosa project in Arizona.' MT Survey Highlights Chinchilla Sulfide - Geologically constrained 3D inversion modeling of the MT survey has identified a large conductive anomaly with dimensions of approximately 1.5 kilometers ('km') wide by 600 meters ('m') in estimated thickness, and extends for over 2.0 km along strike ( Figure 2 & Figure 3 ) & ) The 'core' of the MT anomaly ranges from 25.0 - 100.0-ohm meters ("Ω.m'), which is highly conductive and interpreted as a broad zone of CRD alteration and sulfide mineralization Reverse circulation ('RC') hole SE22-037 (2022 DDH) intersected 3.0m grading 40.2 grams per tonne ('g/t') Ag, 7.0% Pb-Zn and 3.0 g/t Au (or 605.3 g/t AgEq) within 15.3m grading 12.30 g/t Ag, 1.7% Pb-Zn and 0.8 g/t Au (or 156.3 g/t AgEq) starting at 735m downhole RC hole SE22-038 intersected 1.5m grading 97.4 g/t Ag, 5.0% Pb-Zn and 0.4 g/t Au (or 342.9 g/t AgEq) starting at 765m downhole Holes 37 and 38 were drilled on either side of the MT anomaly and were targeting magnetic highs, which are now interpreted as system bounding fault structures Due to the depth limitations of the RC rig, both holes were stopped directly above the 100-250 Ω.m MT contours, which is interpreted as the outer extents of the sulfide CRD horizon ( Figure 2 & Figure 3 ) Chinchilla Oxide - The MT survey highlights a weakly conductive anomaly (500 -1,000 Ω.m) that directly correlates with known oxide CRD mineralization ( Figure 2 ). Supports the Company's interpretation that shallow oxide mineralization (less conductive) is transitioning to sulfide mineralization (more conductive) at the Chinchilla Sulfide target ). Geologic Controls - The geometry of the Chinchilla Sulfide MT anomaly is directly controlled by: East verging thrust faults and northeast striking normal faults, and; Intersection of the aforementioned structures with reactive carbonate host rocks of the Guilmette, Simonson and Sevy Formations, which exceed 500m in total thickness ( Figure 3 ) [ This image cannot be displayed. Please visit the source: ] Figure 1 : Plan view map of the Selena project showing MT contours across the Chinchilla Sulfide target. The contours highlight a 2+ kilometer long anomaly ranging from 25 Ω.m (highly conductive) to 250 Ω.m (moderately conductive). The anomaly is interpreted as a broad zone of potential CRD alteration and mineralization, which is supported by high-grade CRD intercepts from 2022 drilling that flank the anomaly To view an enhanced version of this graphic, please visit: Earn-In Terms - South32 retains the right to earn an initial 60% interest in the Selena project (see August 22, 2024, press release HERE ) by funding a minimum of US$10 million in qualifying work expenditures on the Project over an initial five-year term, following which South32 will have a further option to increase its interest in the Project to a total of 80% by funding an additional US$10 million in qualifying work expenditures (for an aggregate spend of US$20 million) over an additional three-year term. During the Phase 2 earn-in period, South32 has the option to take over operatorship of the Project. Before exercise of the Phase 2 option, South32 will arrange for and provide draft definitive documentation in respect of a debt facility from which (if executed) Ridgeline may draw on to sufficiently fund Ridgeline's share of costs (20% pro-rata) associated with development of a mine at Selena through to commercial production. [ This image cannot be displayed. Please visit the source: ] Figure 2 : Simplified long section A-A' showing the 3D MT inversion overlying the geologic model. Note the subtle MT response between known oxide CRD mineralization (250 -1,000 Ω.m in yellow - blue contours) at Chinchilla Oxide vs. a strong MT anomaly (25-100 Ω.m in purple - orange contours) at Chinchilla Sulfide To view an enhanced version of this graphic, please visit: [ This image cannot be displayed. Please visit the source: ] Figure 3 : Simplified Chinchilla Sulfide x-section B-B' showing the 3D MT inversion overlying the geologic model. The eastward verging thrust faults and northeast trending normal faults are interpreted as key structural controls to the mineralizing CRD system. Note drill hole 37 and 38 returned high-grade CRD intercepts in 2022 but stopped short of the core of the MT anomaly at depth To view an enhanced version of this graphic, please visit: 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 shares a property boundary with the Butte Valley project, a US $33M earn-in agreement between Freeport-McMoRan and the underlying owner, Falcon Butte Minerals. The 100% owned project is comprised of 39 square km's 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) 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 . On behalf of the Board 'Chad Peters' President & CEO Further Information: Chad Peters, President, CEO & Director Ridgeline Minerals Corp. +1 775 304 9773 [email protected] 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
