Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (October 2022)
56 slides from Ridgeline Minerals's investor presentation, Oct 1, 2022
Slide 1: Exploration Done Differently
1 Exploration Done Differently October 1, 2022 Corporate Deck TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: Cautionary Statement / Disclaimer
2 CAUTIONARY STATEMENT Disclaimer Forward Looking Statements Qualified Persons. Michael Harp, CPG., Vice President, Exploration, is the Qualified Person as defined by National Instrument 43-101 and has reviewed and Statements contained in this presentation that are not historical facts are “forward-
Slide 3: Ridgeline Minerals
3 ABOUT US Ridgeline Minerals Ridgeline is a Western US focused Gold-Silver explorer with a portfolio of five highly prospective exploration projects in Nevada and Idaho and a partnership with Nevada Gold Mines (NGM) WORLD-CLASS CRD DISCOVERY US$30M NGM EARN-IN LOCATION 100% owned Selena silver- US$
Slide 4: 5 Projects
Twin Creeks Midas Turquoise BELL CREEK CARLIN-EAST 4 Ridge Strategic Holdings Strategic Holdings South Arturo Wells Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 5 Projects Marigold Battle Mountain Gold Quarry Carlin Rain Phoenix Copper 163km2 Explo
Slide 5: Focused Strategy: Value Creation Through Discovery
FOCUSED STRATEGY 5 Business Model 4 Value Creation 3 Through Discovery 2 MONETIZE 1 DE-RISK 4 Monetize flagship asset via sale to mid-tier or major producer DISCOVER 3 Flagship discovery advanced to resource stage EXPLORE including metallurgy & permitting 2 New discoveries prioritized and advanced w
Slide 6: Diversified Project Pipeline
DIVERSIFIED PROJECT PIPELINE 6 Strategy FLAGSHIP DISCOVERY Targeting a large open-pit and underground CRD deposit TIER-1 ASSET 2022-2023 drilling to focus on Fully funded by Nevada Gold delineating a maiden resource Mines US $30M earn-in Targeting a high-grade gold discovery (>5M oz Au) EXPLORATION
Slide 7: Capital Structure
ALIGNED WITH SHAREHOLDERS 7 Capital Structure As at October 1, 2022 13% Management 68.5M Top 5 Shareholders o Chad Peters – 5.6% Non-Diluted I/O o Stephens Investment Mgmt. o Commodity Capital Cash ~ C$2.8M 4.3M 0.9M 16.2M o EMX Royalty Corp. Options RSU/DSU Warrants o Chad Peters (co-founder) o Ste
Slide 8: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 8 Management Team Chad Peters B.Sc., P.Geo Duane Lo CPA (CA) Mike Harp M.Sc., CPG President, CEO & Director CFO & Director Vice President, Exploration ▪ Led multi-million-ounce high-grade CSD ▪ 20+ years of international accounting ▪ Led multi-million-ounce Nort
Slide 9: Selena
9 NEVADA PROJECTS Selena 39 km2 Land Package Carbonate Replacement Ag-Au-Pb-Zn Click Here 100% OWNED HIGH-GRADE THE OPPORTUNITY 2022 OBJECTIVE 39km² land package 25km Juniper Zone Define a large open-pit and • Test CRD Target (Q2) - Complete southeast of Bald Mountain Mine • 7.7m @ 725.2 g/t Ag, 1.5
Slide 10: District-Scale Property
10 SELENA District-Scale Property ▪ 39km² contiguous land package in the historic Limousine Butte mining district in Nevada ▪ Shared property boundary with the Butte SELENA CRD Freeport – McMoRan Chinchilla (100% RDG) Valley Porphyry, a Freeport – McMoRan’ earn-in US $33M Earn-In (Falcon Butte Miner
Slide 11: Discovery Potential
11 SELENA Discovery Potential Selena CRD Discovery - Nevada Selena (Ridgeline) Hermosa-Taylor CRD Deposit - Arizona OPEN 3.7km + Strike Discovery Holes (2021-2022 (2)) Cinco De Mayo 4.6m @ 421.0 g/t Ag, 3.7% Zn, 4.4% Pb, 0.6 g/t Au – SE21-024 CRD Deposit - Mexico 3.0m @ 40.2 g/t Ag, 6.8% Zn, 0.2% Pb
Slide 12: Deposit Zonation
12 SELENA Selena Deposit Zonation Open-Pit Target Deposit Zonation Open-Pit Target Oxide Oxide High-Grade Underground Target ▪ Selena exhibits classic CRD zonation over ~8km of strike between the Butte Valley Chinchilla Ag-Au ± Pb-Zn Porphyry and the Broken Egg target 1 2 3 5 ▪ 3 drill-confirmed dep
Slide 13: Chinchilla Schematic Long Section A-A'
13 SELENA Chinchilla Schematic Long Section A-A’ Chinchilla Historical Butte Valley Drill Intercepts Ag-Au ± Pb-Zn Trench #4 Broken Egg 38.1m @ 51.5, 0.7, NSV Oxide Au BV-14: 36.5m @ 0.2% Cu, 0.1 g/t Au, 0.5g/t Ag,(6) CRD A’ Ag-Au-Pb-Zn BV-14 BV-02 FREEPORT - McMoRAN RIDGELINE 30.4m @ 105.6, A 3m @
Slide 14: Backpack Drill Rig
14 SELENA Backpack Drill Rig ▪ Operated by Ridgeline geologists in conjunction with portable XRF for real-time results (samples also submitted for lab analysis) ▪ Low-cost exploration tool that bridges the gap between surface sampling/mapping and traditional drilling SEBP-002 (Juniper) 0-3.0m (10ft.
Slide 15: 2022 Exploration Program and Growth Catalysts
15 SELENA 2022 Exploration Program Q2 2022 Q3 2022 Q4 2022 ▪ May-June: CRD Target confirmed ▪ Backpack drilling at Juniper, ▪ Assay results from Q3 with both holes (SE22-037 & 038) Broken Egg & Revival drill program ▪ Follow-up core drill program (10-12 shallow holes) Growth Catalysts ▪ Ridgeline ex
Slide 16: Swift
16 NEVADA PROJECTS Swift Optioned - Nevada Gold Mines (NGM) 75 km2 Land Package Carlin- Type Au ± Ag Click Here NGM EARN-IN LOCATION THE OPPORTUNITY 2022 OBJECTIVE US $30M earn-in agreement signed District-scale land package on NGM targeting a 5+ Moz high- • SW21-001 (DDH) returned 9.1m with NGM (09
Slide 17: Nevada Gold Mines Earn-In
17 SWIFT Nevada Gold Mines Earn-In ▪ Partnering with NGM at Swift eliminates the high exploration risk and cost associated with deep drilling ▪ Deal structure provides Ridgeline with exposure to Swift across all levels of project development with zero corporate dilution ▪ 3-5 hole wide-spaced framew
Slide 18: NGM Drill Program
18 SWIFT Swift Property (75km²) NGM Drill Program Map Boundary SW21-001 9.1m @ 0.51g/t Au (Starting @ 8.5m) First NGM drillhole SW2-01 (~900m) targeted Wenban fm. Host rocks at the projection of Au bearing faults intersections at depth Phase II Framework program commenced August 2022 )
Slide 19: Bell Creek
19 NEVADA PROJECTS Bell Creek 5 km2 Carlin Trend Land Package Carlin- Type Au ± Ag Click Here 100% OWNED STRATEGIC LOCATION THE OPPORTUNITY 2022 OBJECTIVE Lease with option to Shared property boundary Potential for extension of Ren Assess potential for strategic purchase 100% of the with the NGM own
Slide 20: Strategic Mineral Rights
20 BELL CREEK Strategic Mineral Rights ▪ NGM announced maiden Ren Deposit inferred mineral resource on February 10, 2022, of 1.20Moz Au grading 7.3 g/t Au BELL CREEK ▪ Bell Creek boundary located ~550m to the JD Zone RDG ) east of the proposed Ren resource Corona Zone JB Zone “Both projects represen
Slide 21: Exploration Upside
21 BELL CREEK BELL CREEK RDG Exploration Upside 16.6m @ 5.04 g/t 13.1m @ 7.23 g/t 7.0m @ 32.37 g/t 21.4m @ 7.17 g/t MRC-21006 MRC-20011 ▪ NGM Exploration drilling from the Ren 12.8m @ 26.39 g/t 7.6m @ 13.77 g/t JD underground drift is returning significant MRC-21001 Zone intercepts in the JD, Corona
Slide 22: Carlin-East
22 NEVADA PROJECTS Carlin-East 35 km2 Carlin Trend Land Package Carlin- Type Au ± Ag Click Here 100% OWNED STRATEGIC LOCATION THE OPPORTUNITY 2022 OBJECTIVE 100% owned land package in 4km down-strike of the Leeville Significant discovery potential. Assess potential for strategic the heart of the Car
Slide 23: Strategic Location
23 CARLIN-EAST ) Strategic Location BELL CREEK (RDG) CE21-003 CE21-005 (lost DDH) CE19-002 ▪ Directly on-strike of NGM’s high-grade (lost DDH) CE19-001 maiden North Leeville inferred mineral CE21-004 (undrilled pre-collar) resource of 0.7 Moz. Au @ 11.5 g/t CARLIN-EAST (RDG) Highlight NGM Drill Inte
Slide 24: Leeville Schematic Long Section
24 CARLIN-EAST Leeville Schematic Long Section ▪ CE21-003 is interpreted to have drilled the deeper, down-dropped (hanging-wall) side of a major NW fault Zone ▪ Uplifted horst block beneath CE19-002, CE21-004 and CE21-005 exhibits the greatest potential to hit shallower Lower Plate (~1,000m vertical
Slide 25: Robber Gulch
25 IDAHO PROJECT Robber Gulch 9 km2 Land Package Carlin-Type Oxide Open-Pit Au Click Here 100% OWNED EMERGING AU DISTRICT THE OPPORTUNITY 2022 OBJECTIVE Option to exercise 100% 32km southeast of Burley, Idaho Discover a 1 Moz. + shallow- Q4 backpack drilling, mapping purchase option from and 88km no
Slide 26: Proven Discovery
26 ROBBER GULCH IDAHO Proven Discovery Robber Black Gulch Pine Carlin-East Historical Drill Highlights(3,8) Bell Creek UTAH Swift ▪ AC-4: 12.2m @ 0.90 g/t Au within Covered Selena NEVADA 57.9m @ 0.34g/t Au (bottomed in 0.3 RG-RC-21-03 & -04 Target Legend Trench 3 Trench 1 g/t Au) Ridgeline Property
Slide 27: Schematic X-Section A-A'
27 ROBBER GULCH Schematic X-Section A-A’ ▪ Widespread oxide gold in historical drilling with mineralization starting from surface and open in all directions ▪ Backpack drilling by Ridgeline team in Q4 2022 will test outcropping mineralization (6.5 g/t Au) to the west of AC -4 RG-RC-21-03 A 0.65/12.2
Slide 28: Near-Term Catalysts and Corporate Catalysts
28 SUMMARY Near-Term Catalysts Q3 2022 Q4 2022 Q1 2023 ▪ Selena – Backpack drilling & late Q3 ▪ Selena, Swift & Robber ▪ Swift assay results core program Gulch assay results ▪ Swift – Drilling in-progress (NGM) ▪ Robber Gulch – Backpack drilling Corporate Catalysts ▪ Selena CRD discovery exhibits si
Slide 29: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 29 Directors & Advisors Chad Peters, President, CEO & Director Duane Lo, CFO & Director 15 years of exploration and production experience. Co-founded Ridgeline in 20+ years International accounting and financial management experience 2018, former exploration man
Slide 30: Contact
30 PRESIDENT & CEO INVESTOR RELATIONS Chad Peters, P.Geo David Jan 775-304-9773 866-RDG-NVAU (734-6828) – toll free cpeters@ridgelineminerals.com info@ridgelineminerals.com TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0 ridgelineminerals.com
Slide 31: Appendix: Selena
31 APPENDIX Selena
Slide 32: Zonation Model
32 Selena Drilling SELENA Zonation Model ▪ Geologic model supports the full Chinchilla Ag-Au ± Pb-Zn spectrum of a porphyry zonation Broken Egg pattern over ~8km of mineralized CRD Ag-Au-Pb-Zn Oxide Au strike between BV porphyry and Juniper Ag-Au ± Pb-Zn Broken Egg ▪ District-scale discovery potenti
Slide 33: Zonation Model: Drilling & Rock Chips
33 Selena Drilling & Rock Chips SELENA Zonation Model 4.3 g/t Au 1.3 g/t Au ▪ Rock chips and backpack drilling Chinchilla Ag-Au ± Pb-Zn at Juniper, Revival and Broken 0.8 g/t Au Broken Egg Egg highlight high-grade CRD Ag-Au-Pb-Zn Oxide Au discovery potential Juniper Ag-Au ± Pb-Zn 3.2 g/t Au 43.1 g/t
Slide 34: Chinchilla Zone
Sonic 34 Silver Equivalent Grade Thickness Map Chinchilla SELENA CRD Juniper Broken Egg Chinchilla Zone Revival Trench #4 ▪ Shallow-oxide discovery made by SE20-007 38.1m @ 51.5, 0.7 3.0m @ 458, 0.4, 39km² Project Boundary Ridgeline team in 2020 with 1.0, 0.1 mineralization outcropping at SE21-024 S
Slide 35: CRD Target
35 Chinchilla SELENA CRD Juniper Broken Egg Property Boundary CRD Target Map Boundary Revival 39km² Project Boundary ▪ Q2, 2022 drone Chinchilla magnetics survey Ag-Au ± Pb-Zn highlights untested SE21-025 Juniper potential at the CRD CRD 44.2m @ 123.2, 0.1, 1.5, 0.6 Ag-Au ± Pb-Zn Ag-Au-Pb-Zn ± Cu In
Slide 36: Long Section A-A' – Mag Inversion Overlay
36 SELENA Long Section A-A’ – Mag Inversion Overlay Trench #4 38.1m @ 51.5 0.7, NSV CRD Chinchilla Ag-Au-Pb-Zn Ag-Au ± Pb-Zn A’ Ag-Au-Pb-Zn Boundary Oxide Selena Base of eroded A SE21-024 mag-low 4.6m @ 421, 16.8m @ 22.2, 0.3, 0.4, 1.0 Magnetic 0.6, 4.4, 3.7 Incl: Low SE21-025 3.0m @ 35.4, 0.9, 1.0
Slide 37: Juniper Zone
Sonic 37 Silver Equivalent Grade Thickness Map Chinchilla SELENA CRD Juniper Broken Egg Juniper Zone Revival ▪ Parallel zone to the south of 39km² Project Boundary Chinchilla with identical litho- structural controls Chinchilla Ag-Au ± Pb-Zn ▪ 10 RC holes in 2020-2021 (most drilled on wrong side of
Slide 38: Juniper Schematic Long Section B-B'
38 SELENA Juniper Schematic Long Section B-B’ 7.7m @ 725.2, Broken Egg Historical Butte Valley Drill Intercepts Juniper 1.5, 1.3, 0.9 Oxide Au Ag-Au ± Pb-Zn BV-01: 36.3m @ 0.7% Cu, 0.1 g/t Au, 11.2 g/t Ag, 0.1% Pb, 0.1% Zn(6) BV-05: 60.3m @ 0.1% Cu, 0.2 g/t Au, 7.3 g/t Ag, 0.7% Pb, 1.6% Zn(6) 9.1m @
Slide 39: Juniper Zone
39 SELENA LB-072 Core Photo Juniper Zone ▪ Ridgeline acquired historic dataset from NevGold Corp. (via McEwen) in May 2022 ▪ LB-072 (2010) intersected the highest grades ever drilled on the Selena property ▪ 7.7m @ 725.2 g/t Ag, 1.5 g/t Au, 1.3% Pb and 0.9% Zn ▪ Incl: 0.3m @ 6,667 g/t Ag, 7.7 g/t Au
Slide 40: Juniper Zone
40 SELENA SEBP-002 (Juniper) Juniper Zone 3.0m (10 ft.) @ 94.7 g/t Ag, 1.1 g/t Au, 0.1% Pb, 0.3% Zn ▪ SEBP-002 was the first backpack hole at the Juniper target ▪ Drilled ~150m west of McEwen holes ▪ 0-3m returned 94.7 g/t Ag and 1.1 g/t Au ▪ TD at 9.8m in difficult drilling conditions with team att
Slide 41: Revival Target
Sonic 41 Revival Target Rock Chips Chinchilla SELENA CRD Proposed Backpack DDH Juniper Revival Target Broken Egg 1.6 g/t Au 16.7 g/t Ag Revival ▪ Earliest-stage target with strong NW 1.0 g/t Au 84.3 g/t Ag fault control that extends through 39km² Project Boundary the CRD – Revival – South Broken Egg
Slide 42: Revival Schematic Long Section C-C'
42 SELENA Revival Schematic Long Section C-C’ CRD Revival Broken Egg 11.6 g/t Ag, 0.11g/t Au, Ag-Au-Pb-Zn 8.84 g/t Ag, 1.3 g/t Au, Ag-Au ± Pb-Zn Oxide Au .2% Pb, NSV 0.1% Pb, 0.1% Zn C’ 0.09 g/t Ag, 0.28 Boundary Selena g/t Au, NSV C 4.6m @ 0.18 g/t Au (no base metal assays) 3.0m @ 0.25 g/t Au (no b
Slide 43: Broken Egg Target
SEBP-001(Broken Egg) 0.9m (3 ft.) @ 2.37 g/t Au 43 SELENA Broken Egg Target ▪ SEBP-001 was the first backpack hole at the Broken Egg target ▪ Hole collared into the partially eroded upper Guilmette (Dgc) ▪ Drilled 8.5m of mineralized and brecciated zone with a highlight of 0.9m grading 2.4 g/t Au st
Slide 44: Schematic Long Section D-D'
44 SELENA Schematic Long Section D-D’ ▪ SE22-037 to SEBP-001 highlights porphyry zonation model from CRD to disseminated gold deposit (W-E) over 5.7km ▪ Consistent mineralization (regardless of deposit type) in the Dgc and Dgf subunits of the Guilmette (Dg) Formation 16.8m @ 22.2, 0.3, 0.4, 1.0 D’ I
Slide 45: Strat Column
45 SELENA Lower Pilot (MDp) – dolomitic-calcareous siltstone • Au host at Broken Egg target Strat Column • Rock chip 2.2 g/t Au • Oxide breccia Micrite (Dgm) – thin to medium-bedded micrite with interbedded siltstone • Uppermost beds are sandy limestone and black chert layer underlying Pilot • Commo
Slide 46: As in Soils
46 BV Porphyry Cu-Au SELENA Selena Discovery Footprint As in Soils BV-16 ▪ Arsenic is strongest at the BV-06 Broken Egg target (farthest from BV porphyry) ▪ Highlights the Carlin-Type Au end-member of the Soils XRF Data zonation pattern Infill required
Slide 47: Sb in Soils
47 BV Porphyry Cu-Au SELENA Sb in Soils Trench #4 38.1m @ 51.5 g/t Ag, 0.7 g/t Au BV-16 ▪ Antimony highlights zone of highest Ag grades drilled to- BV-06 date on the property within discovery footprint ▪ Au grades progressively decreasing to the west ▪ Inverse relationship to Pb- Zn
Slide 48: Pb in Soils
48 BV Porphyry Trench #4 Cu-Au 38.1m @ 51.5 g/t Ag, SELENA 0.7 g/t Au SE21-025 Pb in Soils 13.7m @ 221.1g/t Ag, 0.1 g/t Au, 2.2% Pb, 0.5% Zn SE21-024 10.7m @ 194.0 g/t Ag 0.3 g/t Au, 2.0% Pb, 1.7% Zn BV-16 ▪ Pb in soils values increasing SE21-027 towards the Butte Valley BV-06 4.6m @ 156.7 g/t Ag, 0
Slide 49: Zn in Soils
49 BV Porphyry Cu-Au SELENA Zn in Soils BV-16 ▪ Zn in soils values increase considerably across CRD target BV-06 relative to Pb-Sb-As ▪ Soils will be submitted to lab in November with results expected in late 2021 ▪ Anticipate improved resolution vs XRF data
Slide 50: Appendix: Carlin-East
50 APPENDIX Carlin-East
Slide 51: Barrick Q3, 2021 Report: North Leeville Expansion
51 North Leeville Expansion Barrick Q3, 2021 Report Modified from Barrick Q3, 2021 report (11)
Slide 52: Barrick Q2, 2022 Report: North Leeville Expansion
52 North Leeville Expansion Barrick Q2, 2022 Report
Slide 53: Appendix: Bell Creek
53 APPENDIX Bell Creek
Slide 54: Barrick Q2, 2022 Report: Ren Expansion
54 Ren Expansion Barrick Q2, 2022 Report
Slide 55: Appendix: Robber Gulch
55 APPENDIX Robber Gulch
Slide 56: 3D X-Section
56 ROBBER GULCH Post-Mineral Volcanic Cover Covered Target 3D X-Section Historical Drilling (too shallow) T3 RG-RC-21-04 1.46/6.1m AC-4 0.34/57.9m Incl: 0.90/12.2m RG-RC-21-01 RG-RC-21-02 0.24/48.8m 0.30/30.5m (Projected on section) Assay Composites x.x g/t Au / x.xm
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