Business
Ridgeline Minerals Expands Big Blue Property Position by 33%
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Ridgeline Minerals Corp. (TSX...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Expands Big Blue Property Position by 33%Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (\"Ridgeline\" or the \"Company\") is pleased to announce the staking of an additional one hundred and forty-one (\"141\") Bureau of Land Management (\"BLM\") lode claims (2,913 acres) at the Big Blue project (\"Big Blue\" or \"Project\") in Elko County, Nevada. Big Blue now comprises 502 contiguous lode claims totaling 10,168 acres or 41 square kilometers (\"km\") (Figure 1), and is 100% owned by the Company with no underlying work commitments or royalty obligations. The property includes the past producing Delker Mine and Skarn Hill Adit, which collectively produced a reported 94,434 pounds of copper (\"Cu\") at an average grade of 6.2% Cu between 1916-19171 (Figure 1). The Project has not seen a sustained exploration effort in decades and exhibits excellent potential to make new porphyry copper and Carbonate Replacement (\"CRD\") style polymetallic discoveries.The property expansion followed the Company's recently announced acquisition of an extensive historical database for Big Bluesee (August 24, 2023 press release HERE), which has highlighted additional geophysical targets located to the northwest of the original claim block. This kilometer-scale target exhibits overlapping gravity and magnetic geophysics anomalies and is interpreted as a potential porphyry signature that may be the deeper source to the known Cu-skarn mineralization outcropping at the historical Delker Mine (Figure 2). As a result, Ridgeline staked all open and locatable claims surrounding the porphyry target and will continue advancing Big Blue towards a maiden drill program in 2024.Chad Peters, President & CEO, commented, \"Big Blue continues to be a rapidly evolving project in our exploration pipeline. Our team is very encouraged by the scale of the geophysical anomaly's located on our new claim block, which suggests potential for a blind porphyry copper target at depth and distal CRD targets along strike. Until now, the Delker area has never been explored as a consolidated porphyry district and with this expansion we now control a target-rich land position with a robust geologic dataset to support our exploration model. We will continue to advance low-cos...