Mr. Chad Peters reports
RIDGELINE MINERALS STAKES HIGH-GRADE, CARLIN-TYPE GOLD PROJECT IN NEVADA
Ridgeline Minerals Corp. has staked the Atlas gold project, a high-grade oxide gold (Au) exploration prospect in Eureka county, Nevada. The company acquired Atlas via the low-cost staking of 59 lode claims totalling 1,219 acres (5.0 square kilometres). The project is 100 per cent owned by the company, and retains no underlying lease payments, work commitments or royalty obligations.
The project encompasses an approximately three-kilometre-long-by-0.5-kilometre-wide gold-in-soils footprint that is supported by an extensive historical rock chip database of 346 samples, with highlight grades of up to 7.7 grams per tonne (g/t) Au and 3.2 g/t Au. Atlas exhibits classic Carlin-type alteration and gold mineralization that outcrops at surface, and is hosted by the same Pennsylvanian- to Permian-age host rocks as Orla Mining's multimillion-ounce Dark Star deposit, located on the southern Carlin trend. The project has never been drilled and represents an opportunity to make a bulk-tonnage oxide gold discovery in the Carlin trend.
Chad Peters, Ridgeline's president and chief executive officer, commented: "Staking the Atlas project is a great example of our team's ability to continue generating high-quality exploration opportunities in mature districts in Nevada. Carlin-type gold deposits continue to deliver some of the highest value per ounce in the ground anywhere in North America, and Atlas represents a low-risk opportunity with considerable exploration upside."
Mr. Peters continues: "Furthermore, our vice-president of exploration, Mike Harp, brings a unique perspective to exploration at Atlas, having previously led the discovery of the multimillion-ounce North Dark Star deposit, which is hosted in the same Penn-Perm host rocks and considered a direct analogue to the gold system at Atlas. Mike recognized the potential at Atlas immediately, and our team is excited to get out in the field this spring and make a new gold discovery."
Rock chip highlights:
- Historical rock chips up to 7.7 g/t Au, 3.2 g/t Au and 2.9 g/t Au:
- A total of 346 historical rock chip samples have been collected across the property ranging from 0.002 g/t to 7.70 g/t Au (average of 0.17 g/t Au);
- 136 of the rock chip samples returned grades of 0.10 g/t Au or higher;
- 32 rock chip samples returned grades averaging 0.40 g/t Au or higher;
- Ridgeline collected nine rock chip samples during initial field reconnaissance ranging from 0.007 g/t to 0.72 g/t Au (average of 0.13 g/t Au).
Soil sample highlights:
- A total of 447 historical soil samples were collected across the property ranging from below detection limit (BDL) to 0.12 g/t Au (average of 0.008 g/t Au);
- The kilometre-scale soils anomaly correlates well with both historical rock chips and outcropping jasperoid occurrences within Penn-Perm carbonate host rocks.
2025 exploration strategy
The team will focus on 3-D modelling and permitting initiatives in the first quarter to prepare for a maiden drill program (three to five holes) in the second quarter. Field mapping and additional rock chip sampling and prospecting are a high priority for the team; however, access to the site is weather dependent with limited field work anticipated in January and February. The company anticipates the submittal of a Bureau of Land Management-administered notice of intent (NOI) exploration permit in late Q1 to allow for up to five acres of surface disturbance, which will be allocated to road and pad building to support a maiden drill program.
Atlas project
Atlas is located in Eureka county, Nevada, approximately 30 kilometres southwest of the town of Carlin, Nev. The property exhibits classic Carlin-type alteration and gold mineralization within outcropping Pennsylvanian- to Permian-age carbonate to siliciclastic host rocks. The primary target at Atlas is a bulk-tonnage, oxide, Carlin-type gold discovery, which is analogous to the nearby Dark Star gold deposit (part of the greater Railroad mining district), which is currently owned by Orla Mining and advancing toward mine development. The 100-per-cent-owned project comprises a total of five square kilometres of highly prospective exploration ground that has never been drill tested and will benefit from the Ridgeline team's systematic approach to discovery.
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 (gold, 30-gram fire assay) and ICP-5AM48 (48-element suite, 0.5 g five-acid digestion/ICP-MS (inductively coupled plasma mass spectrometry)) 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 (certified reference material) 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. Mr. Harp has reviewed all available historical data, and cross-referenced the results against Ridgeline samples and field observations, and deemed the historical data adequate. However, the company has only collected nine reconnaissance rock chip samples to date, and further field work is required to confirm the results of the historical geochemical database. It is the QP's opinion that the historical data should be considered historical in nature until the company can verify with its own surface geochemical confirmation program.
About Ridgeline Minerals Corp.
Ridgeline Minerals is a discovery-focused precious and base-metal explorer with a proven management team and a 200 square km exploration portfolio across seven projects in Nevada, United States. The company is a hybrid explorer with a mix of 100-per-cent-owned exploration assets (Big Blue, Atlas, Bell Creek and 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.
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