Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (May 2022)
65 slides from Ridgeline Minerals's investor presentation, May 11, 2022
Slide 1: Exploration Done Differently
1 Exploration Done Differently May 11, 2022 Corporate Presentation TSX-V: RDG | OTCQB: RDGMF | FRA: 0GC0
Slide 2: 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 approved the technical data in this presentation. Statements contained in this presen
Slide 3: Why Invest In Ridgeline Minerals
3 ABOUT US Why Invest In 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) US$20M NEVADA GOLD STRATEGIC DRILLING NEW NEVADA MINES EARN-IN CONTRA
Slide 4: Capital Structure
ALIGNED WITH SHAREHOLDERS 4 Capital Structure As at May 1, 2022 15% Management 55.7M Top 5 Shareholders o Chad Peters – 6.8% Non-Diluted I/O o EMX Royalty Corp. o Chad Peters (co-founder) Cash ~ C$1.7M 3.7M 0.6M 9.9M o Vior Inc. Options RSU/DSU Warrants o Stephens Investment Mgmt. o Steve Neilsen (c
Slide 5: 5 Projects
LOCATION IS KEY 5 5 Projects NEVADA IDAHO 4 projects (154 km2) 1 project (9 km2) in located on the an emerging gold Carlin and Battle district that includes Mountain – Eureka Liberty Gold’s Black Trends Pine deposit
Slide 6: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 6 Management Team Chad Peters B.Sc., P.Geo Duane Lo CPA (CA) Mike Harp M.Sc. 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
Slide 7: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 7 Directors & Advisors EXPERIENCE ACHIEVEMENTS ROLES Chad Peters, B.Sc., P.Geo. 10+ years Nevada gold exploration, led multi-million ounce • Co-founder of Ridgeline Minerals President, CEO & Director CSD Gap discovery with Premier Gold • Former US Exploration Ma
Slide 8: 2022 Strategy
DIVERSIFIED PROJECT PIPELINE 8 2022 Strategy 2022 budget - $1.4M USD Q2 2022 drilling (5,500m) to test high-grade CRD target Fully funded by Nevada Gold Mines (NGM) earn-in Q2-Q3 drilling expected to test multiple targets Focus on low-cost, high impact exploration Field mapping, geophysics Bell Cree
Slide 9: 4 Nevada Projects
Twin Creeks Midas Turquoise BELL CREEK CARLIN-EAST 9 Ridge Strategic Holdings Strategic Holdings South Arturo Wells Pinson CORE LAND POSITIONS Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 4 Nevada Marigold Battle Mountain Gold Quarry Carlin Projects Rain Phoenix Copper Emigr
Slide 10: Selena
10 NEVADA PROJECTS Selena 39 km2 Land Package Carbonate Replacement Ag-Au-Pb-Zn Click Here 100% OWNED PERMITTING NEW DISCOVERY 2022 OBJECTIVE 100% owned land package. 5.0 acre BLM Notice of Intent 2021 drilling highlights: Phase V drill program (May 2022) to 25km southeast of Bald approved and fully
Slide 11: District-Scale Potential
Bald Mountain Alligator Ridge Kinross Gold 11 Kinross Gold SELENA District-Scale Potential ▪ 39km² contiguous land package in the historic Limousine Butte mining district ▪ Same host rocks as multiple 1+ million-ounce open-pit mines in the area including the Bald Butte Valley Mountain and Alligator
Slide 12: 2021 Drilling
Sonic Target Silver Equivalent Grade Thickness Map Selena 12 Discovery CRD Target SELENA Ag-Pb-Zn Broken Egg Target 2021 Drilling Trench #4 38.1m @ 51.5, 0.7 Revival Target SE21-025 ▪ 36 Reverse Circulation (RC) holes 39km² Project Boundary 44.2m @ 123.2, 0.1, 1.5, 0.6 SE20-014 totaling 6,678m in 20
Slide 13: 2022 Drilling
Selena Discovery 13 CRD Target SELENA Property Boundary 2022 Drilling Map Boundary 39km² Project Boundary ▪ Phase V program will Selena Discovery test CRD and Skarn Ag-Au ± Pb-Zn SE22-037 targets at multiple (In Progress) SE21-025 fault intersections CRD Target 44.2m @ 123.2, 0.1, 1.5, 0.6 Ag-Au-Pb-
Slide 14: Magnetics
Selena Discovery 14 CRD Target SELENA Property Boundary Magnetics 39km² Project Boundary ▪ 1st vertical derivative Selena Discovery processing method Ag-Au ± Pb-Zn SE22-037 highlights magnetic (In Progress) SE21-025 lows in valley CRD Target 44.2m @ 123.2, 0.1, 1.5, 0.6 Ag-Au-Pb-Zn ± Cu Incl: interp
Slide 15: Schematic Long Section A-A'
15 SELENA Schematic Long Section A-A’ Selena Discovery Ag-Au ± Pb-Zn A’ 2022 CRD SE22-037 Target (in progress) x 9 A CRD Proposed Target DDH Stratigraphy Alteration & Mineralization Drill Trace (AgEq g/t) Alluvium Joanna Limestone Calcite Vein + Mn Au + Ag Oxide ≤5 Fanglomerate Pilot Shale Jasperoid
Slide 16: Schematic Long Section B-B'
16 SELENA Schematic Long Section B-B’ ▪ Historical drilling at Butte Valley suggests potential for continuity (BV-05) of mineralization over 4+km Selena Discovery Ag-Au ± Pb-Zn 2022 CRD B’ Skarn Target Target x 9 B Proposed CRD DDH Target Stratigraphy Alteration & Mineralization Drill Trace (AgEq g/
Slide 17: Selena Zonation Model
17 Selena Zonation Model SELENA BER-1 Zonation Model Trench #4 7.6m @ 0.1 g/t Au, (Historic DDH) 38.1m @ 51.5, 0.7, SE20-007 NSV, NSV 3.0m @ 458, 0.4 SE21-024 1.0, 0.1 4.6m @ 421, 0.6, XRF Rock Chip 4.4, 3.7 ▪ Surface geochemistry and 245 g/t Ag, 15% Pb, Selena Discovery Broken Egg Target 0.6% Zn Ag
Slide 18: 2022 Exploration Program Growth Catalysts
18 SELENA 2022 Exploration Program Q1 2022 Q2 2022 Q3 2022 ▪ High-resolution drone magnetics ▪ May- Up to 5,500m drill ▪ Follow-up drill program ▪ Drill permitting program (7-8 holes) (success based) Growth Catalysts ▪ Ridgeline’s 2021 drill program suggests Selena has the potential scale and grade
Slide 19: Swift
19 NEVADA PROJECTS Swift Under Option - Nevada Gold Mines 75 km2 Land Package Carlin- Type Au ± Ag Click Here NGM EARN-IN TIER-1 POTENTIAL DRILLING IN 2022 STRATEGIC LAND PACKAGE US$20M earn-in agreement signed NGM investment validates SW21-001 core hole returned District-scale land package ~7km NW
Slide 20: Nevada Gold Mines Earn-In
20 DEAL TERMS 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 ▪ Validates team’s belie
Slide 21: NGM Drill Program
21 SWIFT Swift Property (75km²) NGM Drill Program Map Boundary SW21-001 9.1m @ 0.51g/t Au (Starting @ 8.5m) Drillhole SW2-01 (~900m) targeted Wenban fm. Host rocks at the projection of Au bearing faults intersections at depth (assays pending) )
Slide 22: Bell Creek
22 NEVADA PROJECTS Bell Creek 5 km2 Carlin Trend Land Package Carlin- Type Au ± Ag Click Here 100% OWNED PERMITTING 2022 CATALYSTS STRATEGIC LAND POSITION Lease with option to Executed surface access Ren Deposit (NGM) maiden resource Shared property boundary with the NGM purchase 100% of the agreeme
Slide 23: Strategic Mineral Rights
23 BELL CREEK Strategic Mineral Rights ▪ NGM announced maiden Ren Deposit resource on February 10, 2022, of 1.20Moz Au grading 7.3 g/t Au BELL CREEK ▪ Bell Creek boundary located ~550m to the RDG ) east of the proposed Ren resource JD Zone JB Zone “Both projects represent future growth for the Carli
Slide 24: Exploration Upside
24 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 ▪ 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 both the JD an JB
Slide 25: Carlin-East
25 NEVADA PROJECTS Carlin-East 35 km2 Carlin Trend Land Package Carlin- Type Au ± Ag Click Here 100% OWNED PERMITTING 2022 CATALYSTS STRATEGIC LAND POSITION 100% owned land package in the Fully Permitted and bonded North Leeville maiden resource 4km down-strike of the Leeville mine(1) and heart of t
Slide 26: Strategic Location
26 CARLIN-EAST ) Strategic Location BELL CREEK (RDG) Crash Zone CE21-003 CE21-005 (lost DDH) ▪ Directly on-strike of NGM’s high-grade CE19-002 (lost DDH) maiden North Leeville resource of 0.7 Moz. CE19-001 Au @ 11.5 g/t CE21-004 (undrilled pre-collar) CARLIN-EAST (RDG) Highlight Drill Intercepts Lee
Slide 27: Leeville Schematic Long Section
27 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 ▪ Stratigraphic marker horizons differentiate the middle/lower Vinini formation of the Upper Plate with hole CE19-002 and CE21-005 lost withi
Slide 28: Robber Gulch
28 IDAHO PROJECT Robber Gulch 9 km2 Land Package Carlin-Type Oxide Open-Pit Au Click Here 100% OWNED LOCATION PERMITTING OXIDE GOLD DISCOVERY Option to exercise 100% 32km southeast of Burley, Active 5.0 acre BLM “NOI” permit Historical drilling returned highlight intercept purchase option from Idaho
Slide 29: Emerging Gold Jurisdiction
29 ROBBER GULCH Emerging Gold Jurisdiction IDAHO Robber ▪ Located 32km southeast of the city Black Gulch Pine of Burley, Cassia County Idaho Carlin-East Bell Creek Swift UTAH ▪ Low-cost acquisition with Selena NEVADA back-end loaded fee schedule Legend Ridgeline Property ▪ $50k exercise payment Blac
Slide 30: Proven Discovery
30 ROBBER GULCH Post-Mineral Volcanic Cover T1 Proven Discovery 0.4 Covered RG-RC-21-03 & -04 Historical Drill Highlights(3,8,9) Target Trench 3 T2 Trench 1 ▪ AC-4: 12.2m @ 0.90 g/t Au within 57.9m @ AC-4 1.8 AC-1 A’ 0.34g/t Au (bottomed in 0.3 g/t Au) Trench 2 0.8 T3 ▪ RG-RC-21-03: 12.2m @ 0.65 g/t
Slide 31: Schematic X-Section A-A'
31 ROBBER GULCH Schematic X-Section A-A’ ▪ Widespread oxide gold in historical drilling with mineralization starting from surface and open in all directions RG-RC-21-04 A RG-RC-21-03 1.46/6.1m Trench #3 A’ 0.65/12.2m 0.43/189m Trench #2 Trench #1 0.2 0.1 0.6 0.40/60m 0.26/52m Trench #1 AC-1 0.2 Post
Slide 32: 3D X-Section
32 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
Slide 33: Near-Term Catalysts
33 SUMMARY Near-Term Catalysts Q1 2022 Q2 2022 Q3 2022 ▪ Robber Gulch – Acquisition ▪ Selena – Drill program (5,500m) ▪ Success-based with ▪ Swift – First NGM drill hole complete ▪ Swift – June Drill Program (NGM) excess exploration ▪ Bell Creek – 1.24Moz. resource @ budget to be allocated 7.3 g/t A
Slide 34: President & CEO / Investor Relations
34 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 35: Appendix: Selena
35 APPENDIX Selena
Slide 36: District-Scale Potential
Bald Mountain Alligator Ridge Kinross Gold 36 Kinross Gold SELENA District-Scale Potential ▪ 39km² contiguous land package in the historic Limousine Butte mining district ▪ Same host rocks as multiple 1+ million-ounce open-pit mines in the area including the Kinross Butte Valley Gold owned Bald Moun
Slide 37: Evolving Geologic Model
Sonic Target Au ± Ag 37 Trench #4 SELENA 38.1m @ 51.5 g/t Ag, 0.7 g/t Au SE21-025 BV Porphyry 44.2m @ 123.2 g/t Ag Broken Egg Evolving Geologic Model Cu-Au 0.1 g/t Au, 1.5% Pb, Ag-Au 0.6% Zn Discovery Target Au ± Ag BV-16 CRD Target Ag-Pb-Zn ± Au ▪ Mineralization at Selena exhibits porphyry/CRD BV-0
Slide 38: CRD Zonation
High Sulfidation Epithermal 38 Disseminated Au-Ag ± Cu SELENA CRD Zonation High Sulfidation Lode Cu-Au ± Ag ▪ Selena exhibits many of the key Base of Lithocap components of a Carbonate Distal Au Replacement (CRD) system Skarn Sediment ✓ Proximity to a Cu-Au porphyry Sub-Epithermal Vein Zn-Cu-Pb- Hos
Slide 39: As in Soils
39 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 40: Sb in Soils
40 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 41: Pb in Soils
41 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 42: Zn in Soils
42 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 43: Appendix: Swift
43 APPENDIX Swift
Slide 44: District-Scale
44 SWIFT District-Scale 2021 Claim Staking 75km² Land Package ▪ The drilling of the Wenban Historic DDH Formation in 2020 was a (Too Shallow) significant technical milestone for the company MCK-99-5A 18.3m @ 0.65 g/t Au ▪ Every >5.0 million ounce 0.46 g/t Ag (Historic DDH) gold deposit in the Cortez
Slide 45: Schematic X-Section A-A'
45 SWIFT Arsenic plume in Schematic X-Section A-A’ Historic open-pit gold mine at surface historic drilling Looking Northwest Elder Creek Mine A’ Projected On Section A ~2km 0.2m @ 0.22 g/t Au, 860.0 g/t Ag Goat Anticline 18.3m @ Fallen City Target 0.65 g/t Au, Intrusive 0.46 g/t Ag Mill Creek Targe
Slide 46: Gold Soils Contours
46 SWIFT Gold Soils Contours Surface soils anomalies in Au-As-Sb highlight covered targets at the Mill Creek and Goat Anticline targets Historic DDH (Too Shallow) MCK-99-5A 18.3m @ 0.65 g/t Au, 0.46 g/t Ag (Historic DDH) Elder Creek Mine No Soils Data Greystone Mine
Slide 47: Arsenic Soils Contours
47 SWIFT Arsenic Soils Contours 4km long As anomaly at Mill Creek with values up to 1,400 ppm As centered over a single historical drill intercept in MCK-99-5A Historic DDH (Too Shallow) MCK-99-5A 18.3m @ 0.65 g/t Au, 0.46 g/t Ag (Historic DDH) Elder Creek Mine No Soils Data Greystone Mine
Slide 48: Antimony Soils Contours
48 SWIFT Antimony Soils Contours Historic DDH (Too Shallow) MCK-99-5A 18.3m @ 0.65 g/t Au, 0.46 g/t Ag (Historic DDH) Elder Creek Mine No Soils Data No Soils Data Greystone Mine
Slide 49: SW20-002 - Wenban
49 SWIFT Wenban (5) Debris Flow SW20-002 - Wenban ▪ Wenban 5 debris flow horizon with pervasive hornfelsing and weak to moderate decalfication ▪ No significant mineralization within altered interval
Slide 50: Appendix: Bell Creek
50 APPENDIX Bell Creek
Slide 51: Barrick Q3, 2021 Report
51 Ren Discovery Barrick Q3, 2021 Report Modified from Barrick Q3, 2021 report(11)
Slide 52: Barrick Q1, 2021 Report
52 North Carlin Trend Exploration Barrick Q1, 2021 Report Sinkhole Breccia? Listed as active Barrick target Modified from Barrick Q4, 2020 report(6) Modified from Barrick Q1, 2021 report(6)
Slide 53: Appendix: Carlin-East
53 APPENDIX Carlin-East
Slide 54: Strategic Location
54 Bell Creek ) CARLIN-EAST Crash Zone CE21-003 B B’ Strategic Location CE21-005 (lost DDH) CE19-002 (lost DDH) CE19-001 ▪ ~4.0km north of and on-strike of NGM’s CE21-004 high-grade North Leeville discovery (undrilled pre-collar) Carlin-East ▪ 23.3m @ 32.6 g/t Au in CGX- Leeville 00076A starting at
Slide 55: Leeville Schematic Long Section
55 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 ▪ Stratigraphic marker horizons differentiate the middle/lower Vinini formation of the Upper Plate with hole CE19-002 and CE21-005 lost withi
Slide 56: Looking North
Looking North 56 B Upper Vinini CARLIN-EAST B’ CE21-003 Middle Vinini ▪ CE21-003 was the only Ridgeline Lower Vinini drillhole in the 2021 program to reach Greenstone Marker target depths of 1,000+ meters CE21-003 1,254m ▪ Drilling did not intercept Lower Plate host rocks of the Rodeo Creek, Popovic
Slide 57: Barrick Q3, 2021 Report
57 North Leeville Expansion Barrick Q3, 2021 Report Modified from Barrick Q3, 2021 report(11)
Slide 58: Barrick Q3, 2021 Report
58 Greater Leeville Growth Potential Barrick Q3, 2021 Report Modified from Barrick Q3, 2021 report(11)
Slide 59: Barrick Q1, 2021 Report
59 North Leeville Discovery Barrick Q1, 2021 Report Modified from Barrick Q1, 2021 report(6)
Slide 60: Appendix: Robber Gulch
60 APPENDIX Robber Gulch
Slide 61: Historically Underexplored
61 ROBBER GULCH Post-Mineral Volcanic Cover T1 Historically Underexplored 0.4 ▪ Majority of exploration focused in the 1980’s- Trench 3 Trench 1 T2 1990’s with a small drill program (4 holes) Trench 2 1.8 completed by previous operator in 2021 0.8 2.7 T3 0.6 6.5 ▪ 3.5km gold in soils anomaly is supp
Slide 62: Proven Discovery
62 ROBBER GULCH Post-Mineral Volcanic Cover T1 Proven Discovery 0.4 Covered RG-RC-21-03 & -04 Historical Drill Highlights(3,8,9) Target Trench 3 T2 Trench 1 ▪ AC-4: 12.2m @ 0.90 g/t Au within 57.9m @ AC-4 1.8 AC-1 A’ 0.34g/t Au (bottomed in 0.3 g/t Au) Trench 2 0.8 T3 ▪ RG-RC-21-03: 12.2m @ 0.65 g/t
Slide 63: Schematic X-Section B-B'
63 ROBBER GULCH B Schematic X-Section B-B’ B’ RG-RC-21-04 RG-RC-21-03 AC-4 1.46 /6.1m 0.65/12.2m 0.34/57.9m 0.3 0.5 RG-RC-21-02 Incl: 0.90/12.2m 0.1 1.8 0.30/30.5m RG-9 0.2/79.2m RG-11 RG-RC-21-01 0.17/15.3m 0.24/48.8m “feeder” structure Assay Composites x.x g/t Au / x.xm Looking North Stratigraphy
Slide 64: 3D X-Section
64 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
Slide 65: Historical Drill Composites
65 ROBBER GULCH Historical Drill Composites Hole ID Az/Dip From (m) To (m) Interval (m) Au (g/t) TVD (m)* Comments AC-1 0/-90 27.4 45.7 18.3 0.17 27.4 near-surface oxide 12.2 21.3 9.1 0.17 12.2 AC-2 0/-90 39.6 57.9 18.3 0.21 39.5 AC-4 21.3 79.2 57.9 0.34 21.3 near-surface oxide Including 0/-90 61.0
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