08:49:02 EDT Tue 01 Jul 2025
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Ridgeline minerals Corp
Symbol RDG
Shares Issued 109,677,916
Close 2024-06-27 C$ 0.14
Market Cap C$ 15,354,908
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Ridgeline samples 9.6 g/t Au, 0.4% Cu at Big Blue

2024-06-27 18:14 ET - News Release

Mr. Michael Harp reports

RIDGELINE MINERALS SAMPLES UP TO 9.6 G/T GOLD AND 0.4% COPPER AT THE BIG BLUE PORPHYRY PROJECT, NEVADA

Ridgeline Minerals Corp. has released additional high-grade surface rock chip results at the Big Blue porphyry copper-(Cu)-gold-(Au)-silver-(Ag) project in Elko county, Nevada. The sampling was completed by Ridgeline's technical team during reconnaissance prospecting and mapping at a high-priority porphyry target located approximately three kilometres (km) to the west of the Delker mine, which historically produced 94,434 pounds of copper at an average grade of 6.2 per cent Cu (copper) between 1916 to 1917. Both porphyry targets, as originally defined by historic magnetic surveys, are largely beneath shallow alluvial cover and future drill targeting will benefit greatly from the upcoming induced polarization (IP) survey scheduled to begin this summer.

Michael Harp, Ridgeline's vice-president, exploration, commented: "Today's rock chip results continue to validate our exploration model at Big Blue, which projects at least two potential porphyry centers under shallow alluvial cover. We are also seeing an increase in gold grades to the west, where highlight samples returning up to 9.6 g/t gold represent the highest-grade gold values ever sampled on the project. Our IP geophysics program this summer has been designed to test for chargeability anomalies at depth across both porphyry targets and we eagerly anticipate the commencement of the survey in late July."

Surface sampling highlights:

  • New porphyry target: 0.44 per cent Cu, 9.56 grams per tonne (g/t) Au, 0.30 g/t Ag, and 0.25 per cent Cu, 0.10 g/t Au and 0.20 g/t Ag from two chip samples taken from separate outcropping quartz veins:
    • The presence of highly elevated molybdenum (Mo) values (average of 220.5 parts per million (ppm) Mo) in the two rock chips taken at this new porphyry target compared with 94 rock chips in the Delker mine area (average of 10.0 ppm Mo) suggests the porphyry system may be vectoring towards the west;
    • Additional surface sampling and mapping required in this area.
  • Previously reported rock chips at the Delker mine and Skarn Hill porphyry and skarn targets include:
    • Delker mine: 10.80 per cent Cu, 0.10 g/t Au, 4.51 g/t Ag and 4.88 per cent Cu, 0.10 g/t Au, below detection limit (BDL) Ag;
    • Skarn Hill: 6.44 per cent Cu, 0.16 g/t Au, 53.75 g/t Ag.
  • A total of 94 rock chips have been collected between Ridgeline and historical operators. Sample values range from BDL to 10.80 per cent Cu, BDL to 9.56 g/t Au and BDL to 53.75 g/t Ag (average 0.96 per cent Cu, 0.02 g/t Au, 1.52 g/t Ag).

Notice of intent exploration permit:

  • The company holds an active five-acre notice of intent (NOI) exploration permit at the project which is currently bonded for 4.92 acres of disturbance totalling 38 drill sites and approximately 4,888 linear feet of access roads:
    • Less than 0.1 acre has been disturbed to-date and the aforementioned permit may be amended with 30 days written notice to the BLM to revise or add additional drill sites and roads as needed.

Big Blue project

Big Blue is located in Elko county, Nevada, approximately 75 kilometres (km) southeast of the city of Elko, Nev. The project includes the past producing Delker mine, which produced a reported 94,434 pounds of copper at an average grade of 6.2 per cent Cu between 1916 to 1917 and shares its southern boundary with Reyna Silver's Medicine Springs Ag-Pb-Zn (silver-lead-zinc) carbonate replacement (CRD) project. Mineralization occurs as outcropping, high-grade Cu occurrences located proximal to northeast trending felsic dikes that are interpreted as the zoned manifestations off a potential porphyry source, located in the northwest corner of the Big Blue property. Importantly, this target has never been drill-tested. The primary target at Big Blue is porphyry-skarn Cu plus or minus Au-Ag mineralization, with potential to discover polymetallic, carbonate replacement deposit (CRD) style mineralization as the system zones outward over six kilometres of strike toward the Medicine Springs project. This target model is analogous to the Butte Valley porphyry Cu-Au system, which is inferred to be the source of CRD mineralization at the company's nearby Selena project. Big Blue is 100 per cent owned by the company and comprises a total of 41 square kilometres of highly prospective exploration ground that has seen limited exploration since the early 1900s and will benefit from Ridgeline's systematic approach to discovery.

QA/QC (quality assurance/quality control) procedures

Samples are submitted to American Assay Laboratories (AAL) of Sparks, Nev., which is a certified and accredited laboratory, independent of the company. Independent check samples are sent to Paragon Geochemical Labs (PAL) of Sparks, Nev. Samples are prepared using industry-standard prep methods and analyzed using FA-PB30-ICP (Au; 30 g fire assay) and ICP-5AM48 (48-element suite; 0.5 g five-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.

Technical information contained in this news release has been reviewed and approved by Michael T. Harp, CPG. the company's vice-president, exploration, who is Ridgeline's qualified person under National Instrument 43-101 and responsible for technical matters of this release.

About Ridgeline Minerals Corp.

Ridgeline Minerals is a discovery-focused precious and base metal explorer with a proven management team and a 192-square-kilometre exploration portfolio across five projects in Nevada, United States. The company boasts two earn-in exploration agreements with Nevada Gold mines at its Swift and Black Ridge projects, which are being aggressively explored in 2024.

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