Business
Ridgeline Minerals Receives Drill Permit Approval for the Swift Gold Project, Nevada
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Ridgeline Minerals Corp. (...
About this update from Ridgeline Minerals Corp
[{"type":"text","content":"Ridgeline Minerals Receives Drill Permit Approval for the Swift Gold Project, NevadaVancouver, British Columbia--(Newsfile Corp. - August 20, 2020) - Ridgeline Minerals Corp. (TSXV: RDG) (\"Ridgeline\" or the \"Company\") is pleased to announce that it has received final approval from the Bureau of Land Management (\"BLM\") on the Company's proposed Notice of Intent (\"NOI\") drilling and exploration permit for up 15 drill sites at the Swift Project in Lander County, Nevada. Ridgeline's 2,000 meter (\"m\") Phase I drill program is scheduled to begin in early September.Chad Peters, Ridgeline's President & CEO commented, \"For years Swift was a historically underappreciated project in the middle of the Battle Mountain - Eureka Trend, a prolific mining district and host to some of the largest Nevada gold discoveries in recent history including the Fourmile and Goldrush deposits. In 1999, a drill hole at Swift intersected 16.8m @ 0.72 g/t gold (\"Au\"), 0.50 g/t silver (\"Ag\") in Lower Plate carbonate host rocks and never received follow-up drilling. Twenty-one years later, our team is excited to go back and test this highly prospective target with our Phase I drill program\"Swift Project Highlights:51 square/kilometer (km²) land package directly on-trend of the Nevada Gold Mines Cortez Mine Complex (Figure 1.0)Historic core hole MCK-99-5A intersected 16.8m @ 0.72 g/t Au, 0.50 g/t Ag starting at 727m within the Lower Plate carbonate host rocks similar to multiple gold mines in the districtHighly prospective Cortez Structural Corridor extends across the Swift property and coincides with a pronounced gravity geophysics high as well as mapped dike swarms and elevated surface soils (gold-arsenic-antimony) anomalies at multiple targets (Figure 2.0)Swift ProjectSwift is a Carlin-Type gold exploration project located on the Cortez District of the Battle Mountain - Eureka Trend in Nevada with Ridgeline holding the option to earn a 100% interest in the project. The Property is immediately adjacent to the historic Elder Creek gold mine as well as directly on trend of The Pipeline, Cortez Hills and Goldrush deposits which comprise the Nevada Gold Mines owned and operated Cortez Complex. Throughout 2019 and the first half of 2020, Ridgeline completed property-wide gravity and airborne magnetics geophysics, surface soil sampling, and f...