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Ridgeline Minerals Identifies New Porphyry Target at Depth with Drone Magnetics Survey at the Selena CRD Project, Nevada
To view a summary of today's press release by Ridgeline CEO Chad Peters, click HERE Vancou...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Identifies New Porphyry Target at Depth with Drone Magnetics Survey at the Selena CRD Project, NevadaTo view a summary of today's press release by Ridgeline CEO Chad Peters, click HERE Vancouver, British Columbia--(Newsfile Corp. - March 14, 2024) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (\"Ridgeline\" or the \"Company\") is pleased to announce the results of its expanded high-resolution drone magnetics geophysical survey at the Selena (\"Selena\") CRD Project, Nevada. The survey was completed by EarthEx Geophysical Solutions in late 2023 and added 398 line-kilometers (\"line-km\") to the original 389 line-km survey completed in 2022 for a total surveyed area of 787 line-km. Highlights of the survey include:Magnetic Survey HighlightsIdentification of a new porphyry anomaly located 1.0 kilometer (\"km\") to the southeast of the Chinchilla Oxide discoveryMagnetic anomaly has never been drilled, measures approximately 2.0 km x 1.0 km across and is interpreted to have intruded to depths of roughly 600-650 meters (\"m\") below surface (Figure 1a)Anomaly directly correlates with a coincident gravity anomaly suggesting a significant density contrast between the porphyry anomaly and surrounding sediments (Figure 1b)Porphyry target is interpreted as the potential source to a northwest trending, Jurassic-age dike swarm that is intimately associated with both silver (\"Ag\") - lead (\"Pb\") - zinc (\"Zn) - gold (\"Au\") and high-grade Copper (\"Cu\") - Tungsten (\"W\") mineralization beneath the Chinchilla Oxide zone (a potential vector towards the porphyry target) (Figure 2 & Figure 3)Highlights a strong magnetic anomaly on the southwest corner of the property interpreted as sulfide skarn mineralization directly off the eastern edge of the Butte Valley copper porphyry (Freeport-McMoRan & Falcon Butte Minerals joint venture) (Figure 4 & Figure 5)Survey significantly improved the structural resolution in the geologic model and expanded the strike extent of the high-priority Chinchilla Sulfide target to 2+km north/south (Figure 4)Michael Harp, Ridgeline's Vice President, Exploration commented, \"The identification of a second potential porphyry source at Selena is a very exciting development for the project and would indicate the presence of a long lived, multi-phase porphyry compl...