Latest news with #RidgelineMinerals
Globe and Mail
23-06-2025
- Business
- Globe and Mail
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: 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: 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: 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 On behalf of the Board "Chad Peters" President & CEO Further Information: Chad Peters, President, CEO & Director Ridgeline Minerals Corp. +1 775 304 9773 cpeters@ 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.
Yahoo
11-06-2025
- Business
- Yahoo
Zeus North America Mining Corp. Signs Letter of Intent to Acquire the Delker and Bulls Eye Copper-Gold Properties, Nevada, USA
VANCOUVER, BC / / June 11, 2025 / ZEUS NORTH AMERICA MINING CORP. (CSE:ZEUS)(OTCQB:ZUUZF)(FRANKFURT:O92) (THE "COMPANY" OR "ZEUS") is pleased to announce it has signed a binding Letter of Intent ("LOI") dated June 9, 2025 to acquire a 90% interest in both the Delker and Bulls Eye copper-gold ("Cu-Au") properties in northeast Nevada, USA. About the Delker Property: The Property is located approximately 79 kilometers ("km") from the town of Elko Nevada (see Figure 1); Adjacent to Ridgeline Minerals Corp's Big Blue Porphyry and carbonate replacement ("CRD") style Cu-Au-silver ("Ag") ± lead-zinc ("Pb-Zn") project. Ridgeline is currently drilling on the western flanks of the historic Delker Butte mine which is testing both high-grade Cu-Au skarn and potential porphyry Cu-Au targets at depth. The past producing Delker Mine, which produced 94,434 pounds of copper at an average grade of 6.2% Cu between 1916-1917 (*Smith, R.M., 1979), shares its northern boundary with the Delker property and the southern boundary with Reyna Silver's Medicine Springs Ag-Pb-Zn CRD project; The Property is within Elko County and consists of 400 Bureau of Land Management ("BLM") claims and there are no protected areas within the Property; Nevada was ranked the world's top mining jurisdiction by the Fraser Institute in 2022; The Property is road accessible and can be worked year-round; The Property lies within the "new base metal trend" in Nevada (see Figure 2); The Property lies within the Dolly Varden-Delker Butte Cretaceous to lower Jurassic intrusive Belt. The regional geologic setting is generally composed of Jurassic intrusive rocks intruding the Paleozoic Carbonate Shelf sequences of limestone and dolomites. This region is the host to various mineralization styles such as porphyry-style, Cu-skarn, CRD, and sediment/carbonate hosted and Carlin-type gold mineralization; Most of the recent exploration in the area was focused on gold. Companies that held claims within and around the Delker Property include Newmont USA, Nevada Gold, Pegasus Gold Corp., Kinross Gold, and Battle Mountain Gold. Historic surface work included 114 surface (soil) samples collected by Pegasus Gold Corp. within a small portion of the Delker Property which were analyzed for Au and As. Seventeen samples returned greater than (">") 0.1grams per tonne gold ("g/t Au") up to 2.8 g/t Au; Historical surface work by GHK (1980) at the Delker Hill area within the Property included eight rock grab samples containing >0.2 g/t Au, having a peak value of 2.33 g/t Au; Historical shallow drilling (less than 100m drill holes) within the West Buttes area by Pegasus Gold Corp. resulted in broad zones with anomalous Au including: WB-1: 9.14m of 0.74 g/t Au including 4.57m of 1.30 g/t Au; WB-4: 35m of 0.32 g/t Au including 1.52m of 0.45 g/t Au, 0.58 g/t Au, and 0.42 g/t Au, 4.57m of 0.41 g/t Au and 0.66 g/t Au; WB-5: 6.10m of 0.24g/t Au; 13.72m at ~0.56 g/t Au, including 4.57m of 3.86 g/t Au; WB-18: 7.62m at ~0.22g/t Au including 1.52m of 0.57 g/t Au; Recent surface samples collected by NV Resources within the Property included six rock grab samples containing >1.8 per cent ("%") Cu, up to 14.8% Cu (pXRF) and 13 rock grab samples containing greater that 1% Cu up to 7.8% Cu (American Assay Laboratories); The Property is underlain by a regional magnetic feature(s) that are interpreted to be part of an underlying metals-bearing intrusive event (porphyry target) and a potential heat source responsible for skarn-type mineralization in the Delker Buttes and Delker Hill areas, and the precious metal mineralization throughout the Medicine Range. About the Bulls Eye Property: The Property is located approximately 79 kilometers ("km") from the town of Elko Nevada, 17 km north of the Delker Property; The Property is within Elko County and consists of 40 BLM claims and there are no protected areas within the Property; The Property is underlain by a coincidental magnetic high and gravity high suggesting a potential buried porphyry. Future Exploration: Full data compilation for both properties; Surface mapping; Surface soil and rock grab sampling program; Ground geophysics including but not limited to magnetics and induced polarization ("IP"); Reconnaissance drilling. Terms of the Option Agreements:Subject to Canadian Securities Exchange approval, completion of due diligence and signing of definitive agreements for both properties, Nedeel LLC ("Nedeel") will grant Zeus the sole and exclusive right to acquire a 90% interest in each Property over a three year period by making the following cash and share payments: $50,000USD upon signing the LOI as an exclusivity payment (the "Initial Payment"); if a definitive option agreement (the "Option Agreement") is not completed within 60 days of signing the LOI, Zeus will pay an additional $50,000USD as break fee which will be non-refundable. $230,000USD upon the signing of the Option Agreement, provided that the Initial Payment shall become a credit towards such amount upon the signing. Issue an aggregate of 1,000,000 common shares of Zeus (each a "Share") to Needel as follows: On or before the first anniversary of the date of the Option Agreement, 250,000 Shares; On or before the second anniversary of the date of the Option Agreement, a further 250,000 Shares; On or before the third anniversary of the date of the Option Agreement, a further and final 500,000 Shares and a final payment of $250,000USD in cash (the "Third Year Payment). Each of the above cash and share payments are single payments towards a 90% interest in both Properties. If all cash and share payments have been made within the three year option period, Zeus will be deemed to have acquired a 90% interest in both Properties and will grant to Nedeel a 3% net smelter returns ("NSR") royalty on both Properties, of which one half of the respective royalty (1.5%) may be acquired by Zeus at any time within ten years of the date of the Option Agreement in increments of 1/15 for a purchase price of $100,000USD per increment in the first five years (for an aggregate purchase price of $1,500,000USD) or $200,000USD per increment if acquired in the period from the fifth to ten year anniversary (for an aggregate purchase price of $3,000,000USD). Upon the exercise of the option, Zeus and Nedeel will form a joint venture in respect of each Project. Nedeel will retain a carried interest in the Properties until the time of the Feasibility Payment (as defined below). In addition to the payments to exercise the options, Zeus will also be obligated to make certain additional bonus payments, in respect of each Property, to Nedeel as follows: Upon defining a maiden resource of at least 750,000 oz of gold (Au) or AuEQ and other base and precious metals (including copper) for either Project, Zeus shall pay Nedeel an additional $1,500,000USD in cash (the "Resource Payment"); Upon the earlier of (i) the completion of the positive bankable feasibility study on either Project, or (ii) the making of a decision to mine either Project, Zeus shall pay Nedeel an additional US$3,000,000 in cash (the "Feasibility Payment"). For clarity, the Bonus Payment and the Feasibility Payment are single payments in respect of both Projects and are payable at the initial time a Project reaches the applicable milestone, but not again at the time the remaining Project then achieves such milestone, if any; Zeus shall not be obligated to pay the Third Year Payment ($250,000USD) if Zeus has become obligated to pay and has paid the Resource Payment; Zeus retains the discretion to pay either the Resource Payment or the Feasibility Payment through the issuance of Shares, provided that if Zeus elects to pay the Resource Payment in Shares, the Resource Payment will be $2,000,000USD and, if Zeus elects to pay the Feasibility Payment in Shares, the Feasibility Payment will be $4,000,000USD. The deemed value of any such Shares issued will be equivalent to the 30 day VWAP of the Shares on the CSE for the 30 days immediately prior to the applicable payment due date, subject to a minimum price of $0.05CDN per share, subject to the approval of the CSE. Figure 1: Location of the Delker and Bulls Eye Property Figure 2: Nevada's New Base Metal Trend *This is presented simply as a record of previous exploration at the project and to show the geological prospectively of the area. All information is derived solely from management of Zeus Mining and otherwise publicly available third-party information which are believed to be reliable, but which have not been independently verified by the Company and as a result are not guaranteed as to accuracy and completeness. Zeus's management cautions that past results or discoveries on properties in proximity to Zeus may not necessarily be indicative of mineralization within the properties. Qualified PersonThe scientific and technical information in this news release has been reviewed and approved by Dean Besserer, the President & CEO for the company and Qualified Person as defined in NI 43-101. On behalf of the board of directors."Dean Besserer"President and CEO For more information, please contact the Company at info@ FOR INVESTOR RELATIONS CONTACT:Kin Communications Inc. Ph: 604-684-6730ZEUS@ About Zeus North America Mining Company is in the business of mineral exploration. The Company is focused on its exploration properties in the state of Idaho known as the: Cuddy Mountain; Selway; and Great Western properties, respectively. The Idaho properties consist of 101 (Cuddy Mountain), 57 (Selway) and 38 (Great Western) lode mining claims respectively and cover a cumulative area of approximately 4,200 acres. The Company's flagship Cuddy Mountain Property is adjacent to Hercules Metal Corp's Leviathan Copper Porphyry discovery. Forward-Looking StatementsWhen used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this news release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this news release include, amongst others, the Company's exploration plans. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements or implied by such forward-looking statements. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of its securities or its financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release. SOURCE: Zeus North America Mining Corp. View the original press release on ACCESS Newswire 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. 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