Ridgeline Minerals Stakes High-Grade, Carlin-Type Gold Project in Nevada
Ridgeline Minerals has announced the staking of the Atlas Gold Project in Eureka County, Nevada, acquiring 59 lode claims totaling 1,219 acres. The project is 100% owned by the company with no underlying obligations.
The property features a 3km long by 0.5km wide gold footprint, supported by 346 historical rock chip samples with grades up to 7.7 g/t Au. Atlas shows classic Carlin-Type gold mineralization in the same host rocks as Orla Mining's Dark Star Deposit. The project has never been drilled and presents an opportunity for a bulk tonnage, oxide gold discovery.
The company's 2025 exploration strategy includes 3D modeling and permitting in Q1, followed by a maiden drill program of 3-5 holes in Q2. A Notice of Intent exploration permit will be submitted in late Q1 for up to five acres of surface disturbance.
Ridgeline Minerals ha annunciato la registrazione del Progetto Oro Atlas nella Contea di Eureka, Nevada, acquisendo 59 concessioni minerarie per un totale di 1.219 acri. Il progetto è interamente di proprietà dell'azienda, senza obbligazioni sottostanti.
La proprietà presenta un'impronta aurifera lunga 3 km e larga 0,5 km, supportata da 346 campioni storici di roccia con gradi fino a 7,7 g/t Au. Atlas mostra una classicità di mineralizzazione aurifera di tipo Carlin nelle stesse rocce ospiti del Deposito Dark Star di Orla Mining. Il progetto non è mai stato perforato e rappresenta un'opportunità per una scoperta di oro ossidato a tonnellate.
La strategia di esplorazione dell'azienda per il 2025 include la modellazione 3D e l'autorizzazione nel primo trimestre, seguita da un programma di perforazione inaugurale di 3-5 fori nel secondo trimestre. Una richiesta di autorizzazione per l'esplorazione sarà presentata a fine primo trimestre per un disturbo superficiale fino a cinque acri.
Ridgeline Minerals ha anunciado la inscripción del Proyecto de Oro Atlas en el Condado de Eureka, Nevada, adquiriendo 59 reclamos mineros que totalizan 1,219 acres. El proyecto es 100% de propiedad de la compañía, sin obligaciones subyacentes.
La propiedad cuenta con una huella aurífera de 3 km de largo y 0.5 km de ancho, respaldada por 346 muestras históricas de roca con grados de hasta 7.7 g/t Au. Atlas muestra mineralización de oro de tipo Carlin en las mismas rocas hospedadoras que el Depósito Dark Star de Orla Mining. El proyecto nunca ha sido perforado y presenta una oportunidad para un descubrimiento de oro oxidado a gran escala.
La estrategia de exploración de la compañía para 2025 incluye modelado 3D y permisos en el primer trimestre, seguido de un programa de perforación inicial de 3-5 agujeros en el segundo trimestre. Se presentará un aviso de intención de permiso de exploración a finales del primer trimestre para una perturbación superficial de hasta cinco acres.
Ridgeline Minerals는 네바다주 유레카 카운티의 아틀라스 골드 프로젝트에 대한 권리를 확보하였으며, 총 1,219 에이커에 달하는 59개의 광산 권리를 취득했습니다. 이 프로젝트는 회사가 100% 소유하며, 어떠한 기초적인 의무도 없습니다.
이 부지는 길이 3km, 너비 0.5km의 금 유적이 있으며, 7.7 g/t Au까지의 등급을 가진 346개의 역사적 암석 샘플로 지원됩니다. 아틀라스는 Orla Mining의 Dark Star Deposit과 동일한 호스트 암석 내에서 고전적인 칼린형 금 광물화를 보여줍니다. 이 프로젝트는 한 번도 시추된 적이 없으며, 대량의 산화금 발견 가능성을 제공합니다.
회사의 2025 탐사 전략에는 1분기에 3D 모델링 및 허가가 포함되며, 2분기에는 3-5개의 구멍을 뚫는 최초의 시추 프로그램이 이어집니다. 1분기 말에는 최대 5에이커의 표면 교란을 위한 탐사 허가 의향서가 제출될 것입니다.
Ridgeline Minerals a annoncé l'enregistrement du Projet d'Or Atlas dans le comté d'Eureka, Nevada, acquérant 59 permis miniers pour un total de 1.219 acres. Le projet est entièrement détenu par la société, sans obligations sous-jacentes.
La propriété présente une empreinte aurifère de 3 km de long sur 0,5 km de large, soutenue par 346 échantillons historiques de roches avec des grades allant jusqu'à 7,7 g/t Au. Atlas montre une minéralisation aurifère de type Carlin classique dans les mêmes roches hôtes que le gisement Dark Star de Orla Mining. Le projet n'a jamais été foré et présente une opportunité pour une découverte d'or oxydé en vrac.
La stratégie d'exploration de la société pour 2025 comprend la modélisation 3D et l'obtention de permis au premier trimestre, suivies d'un programme de forage inaugural de 3 à 5 trous au deuxième trimestre. Un avis d'intention pour un permis d'exploration sera soumis à la fin du premier trimestre pour une perturbation de surface allant jusqu'à cinq acres.
Ridgeline Minerals hat die Eintragung des Atlas Gold Projekts im Eureka County, Nevada, bekannt gegeben und 59 Bergbauansprüche erworben, die insgesamt 1.219 Acres umfassen. Das Projekt ist zu 100 % im Besitz des Unternehmens und hat keine zugrunde liegenden Verpflichtungen.
Das Grundstück verfügt über ein 3 km langes und 0,5 km breites Goldvorkommen, unterstützt durch 346 historische Gesteinsproben mit Gehalten von bis zu 7,7 g/t Au. Atlas zeigt eine klassische Carlin-type Goldmineralisierung in denselben Wirtsgesteinen wie das Dark Star-Vorkommen von Orla Mining. Das Projekt wurde noch nie bohrt und bietet die Möglichkeit für eine Entdeckung von oxidischem Gold in großen Mengen.
Die Erkundungsstrategie des Unternehmens für 2025 umfasst 3D-Modellierung und Genehmigungen im ersten Quartal, gefolgt von einem ersten Bohrprogramm mit 3-5 Löchern im zweiten Quartal. Eine Mitteilung über die Absicht zur Erkundungsbewilligung wird Ende des ersten Quartals für bis zu fünf Acres Oberflächenstörung eingereicht.
- 100% ownership of new gold project with no royalty or lease obligations
- Historical rock chip samples show high-grade potential up to 7.7 g/t Au
- Project shares geological similarities with nearby multi-million-ounce Dark Star Deposit
- Clear exploration timeline with maiden drilling planned for Q2 2025
- Project is in early exploration stage with no drilling history
- field work possible in January-February due to weather constraints
To view a summary of today's press release by Ridgeline CEO Chad Peters, click HERE
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce the staking of the Atlas Gold Project, ("Atlas" or the "Project") a high-grade, oxide gold ("Au") exploration prospect in Eureka County, Nevada (Figure 1). The Company acquired Atlas via the low-cost staking of 59 lode claims totaling 1,219 acres (5.0 square kilometers). The Project is
The Project encompasses an approximately 3-kilometer ("km") long by 0.5 km 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 (Figure 2). 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 multi-million-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 & CEO, 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 multi-million-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 (Figure 2)
- A total of 346 historical rock chip samples have been collected across the property ranging from 0.002-7.70 g/t Au (avg. 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
- 136 of the rock chip samples returned grades of 0.10 g/t Au or higher
- A total of 346 historical rock chip samples have been collected across the property ranging from 0.002-7.70 g/t Au (avg. 0.17 g/t Au)
- Ridgeline collected 9 rock chip samples during initial field reconnaissance ranging from 0.007-0.72 g/t Au (avg. 0.13 g/t Au)
For a table of significant rock chip values click HERE
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 (avg. 0.008 g/t Au) (Figure 2)
- The kilometer-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 3D modelling and permitting initiatives in Q1, to prepare for a maiden drill program (3-5 holes) in Q2. 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 (5) acres of surface disturbance, which will be allocated to road and pad building to support a maiden drill program.
Figure 1: Plan view map showing the location of the Atlas oxide gold project as well as Ridgeline's six other exploration projects in Nevada, which are a mix of
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/236253_7d78858f04aa7b0c_002full.jpg
Atlas Project
Atlas is located in Eureka County, Nevada, approximately 30 kilometers southwest of the town of Carlin, NV. 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 towards mine development. The
Figure 2: Plan view map of the Atlas property showing an untested 3-kilometer gold in soils and rock chip anomaly that is briefly broken up by shallow alluvium separating the north and south claim blocks
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/236253_7d78858f04aa7b0c_003full.jpg
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.
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 km2 exploration portfolio across seven projects in Nevada, USA. The Company is a hybrid explorer with a mix of
On behalf of the Board
"Chad Peters"
President & CEO
Further Information:
Chad Peters, P.Geo.
President, CEO & Director Ridgeline Minerals Corp.
+1 775 304 9773
cpeters@ridgelineminerals.com
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 https://www.newsfilecorp.com/release/236253
FAQ
What are the key features of Ridgeline Minerals' (RDGMF) new Atlas Gold Project?
When will Ridgeline Minerals (RDGMF) begin drilling at the Atlas Project?
What are the historical gold grades reported at Ridgeline's (RDGMF) Atlas Project?
How does the Atlas Project compare to nearby gold deposits in Nevada?
