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Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, Nevada
24.7 meters grading 0.5 g/t Au including 2.9 meters grading 1.9 g/t Au 2025 Exploration Budget...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Announces Remaining 2024 Drill Results and Provides 2025 Budget Guidance for the Swift Project, Nevada24.7 meters grading 0.5 g/t Au including 2.9 meters grading 1.9 g/t Au2025 Exploration Budget - US $5,000,000Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (\"Ridgeline\" or the \"Company\") is pleased to announce final assay results for core hole SW24-007, at the Swift gold project (\"Swift\" or \"Project\"), currently being operated under an exploration earn-in agreement with Nevada Gold Mines (\"NGM\") (Figure 1). NGM has spent a total of US $10,078,008 in qualifying work expenditures through December 31, 2024, and has approved a 2025 exploration budget of US $5,000,000. Drillhole SW24-007 was the second of two deep core holes completed in the 2024 program and was drilled to a total depth of 1,071.1 meters (\"m\"). The hole was drilled approximately 1.3 kilometers (\"km\") to the southwest of and down-dip of hole SW24-006, which returned the highest-grade intercept in project history including 1.1m grading 10.4 grams per tonne (\"g/t\") gold (\"Au\") within 2.7m grading 7.0 g/t Au starting at 676.3m downhole (see November 7, 2024 PR HERE). Hole SW24-007 intersected several thick, continuous intercepts of low-grade gold including a highlight intercept of 2.9m grading 1.9 g/t Au within 24.7m grading 0.5 g/t Au starting at 963.0m downhole (Figure 2). Chad Peters, Ridgeline's President, CEO & Director commented, \"Today's results continue to demonstrate the potential scale of the gold system at Swift. Hole 7 represents one of the best consolidated gram.meter intercepts drilled on the property to-date and now brackets the southern margin of a 4 square kilometer gold footprint at the Southwest Swift target.\"Mr. Peters continues, \"We are very encouraged by the scale of the gold system at Swift and our partners at NGM have approved an expanded drill program for 2025 as we continue vectoring towards the interpreted core of a higher-grade system.\" SW24-007 HighlightsSW24-007 was designed to test favourable carbonate host rocks (Lower Plate) at the projected intersection of a north-south trending fault corridor with the southwest projection of the Mill Creek thrust fault, a significant structural control and conduit for gold miner...