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Ridgeline Minerals Intersects Wenban Formation and Drills 0.22 g/t Gold and 860 g/t Silver over 0.2 Meters at the Swift Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2021) - Ridgeline Minerals Corp. ...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Intersects Wenban Formation and Drills 0.22 g/t Gold and 860 g/t Silver over 0.2 Meters at the Swift Project, NevadaVancouver, British Columbia--(Newsfile Corp. - January 13, 2021) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (WKN: A2QBQ4) (\"Ridgeline\" or the \"Company\") is pleased to announce assay results from its Phase I drill program at the Swift project in Lander County, Nevada. The program was comprised of three, wide-spaced diamond drill core holes totaling 2,413 meters (\"m\"). Drill holes SW20-001 and SW2-002 successfully confirmed Ridgeline's re-interpreted geologic model and intersected several intervals of Carlin-Type mineralization and anomalous alteration with individual assays of up to 0.55 g/t gold (\"Au\"), 860 g/t silver (\"Ag\") and 392 ppm Arsenic (\"As\"). Phase I results further support the Company's belief that Swift exhibits the potential to host a Carlin-Type gold discovery and is significantly underexplored; with only five deep drill holes having tested Lower Plate target rocks across the 50 square kilometer project area. Data from the Phase I program will aid in vectoring towards higher grade gold targets in Ridgeline's 2021 Phase II drill program.Phase I Highlights:SW20-002 intersected several intervals of anomalous Carlin-Type alteration and narrow intervals of elevated gold-silver mineralization including:0.2 m grading 0.22 g/t Au and 860 g/t Ag starting at 872.5 m 1.5 m grading 0.05 g/t Au and 19.2 g/t Ag starting at 908.8 m0.9 m grading 0.55 g/t Au and 6.6 g/t Ag starting at 926.5 mSignificance - Narrow yet highest grade intercept drilled to-date (0.2m grading 0.22 g/t Au,860 g/t Ag) highlights discovery potential with additional targets to be drill-tested in Phase II program, 2021. SW20-001 & SW2-002 intersected Lower Plate carbonate host rocks interpreted as the Wenban and Roberts Mountains formation starting at 425 m vertical depth. Hole SW20-003 exhibited encouraging trace element geochemistry in the Upper Plate but did not reach its intended Lower Plate target due to challenging drilling conditions along the DDF fault zone.Significance - The Wenban formation had not previously been intersected with historic drilling at Swift and is considered the primary gold host (see Swift Stratigraphic Section) to the Nevada Gold Mines owned Cortez Complex (34.8 Moz. Au @...