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Ridgeline Minerals expands previously announced silver-gold discovery at Selena project

Published: 09:21 20 Jan 2021 EST

Ridgeline Minerals -
As reported last month, the discovery was uncovered by drilling, where assays included 36.6m grading 67.08 g/t silver and 0.26 g/t gold

Ridgeline Minerals Corp (CVE:RDG) (OTCMKTS:RDGMF) (FRA:0GC0) said it had expanded its previously announced silver-gold discovery via drilling at the Selena project in White Pine County, Nevada. 

Wide-spaced drilling has now defined a footprint that outcrops at surface and continues down-dip and along strike for over one kilometer (km), the firm said.

READ: Ridgeline Minerals announces shallow oxide, silver-gold discovery at its Selena project in Nevada 

As reported last month, the discovery was uncovered by drilling, where assays included 36.6 meters (m) grading 67.08 grams per ton (g/t) silver (Ag) and 0.26 g/t gold (Au).

The latest phase 3 drilling has included 42.6m grading 16.78 g/t silver, 0.04 g/t gold, including an intersection of 13.7m grading 38.76 g/t silver, 0.10 g/t gold. 

"What has emerged from our 2020 drill program is a new silver-gold discovery that continues to show potential for scale," said Chad Peters, Ridgeline's president and CEO, in a statement.

"Our latest drill results further expand the discovery footprint, while also confirming grade continuity across wide-spaced drilling. Our strategy in 2021 is to conduct additional step-out drilling down-dip and along strike of known mineralization with the objective of defining the overall footprint of this exciting new discovery."

Specifically, exploration this year will focus on drill testing the projection of shallower host horizons to the west and north, and to test the multiple high-priority exploration targets across the 35 square kilometer property with potential to host additional shallow-oxide "satellite" deposits.

Ridgeline has four projects in the highly prospective Carlin and Battle Mountain - Eureka trends in Nevada, USA.

Contact the author at giles@proactiveinvestors.com

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