Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (November 2022)
62 slides from Ridgeline Minerals's investor presentation, Nov 22, 2022
Slide 1: Exploration Done Differently
1 Exploration Done Differently November 22, 2022 Corporate Deck 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: 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- Nev
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
FOCUSED STRATEGY 5 Business Model 4 Value Creation 3 Through Discovery 2 MONETIZE 1 DE-RISK 4 Monetize asset via sale DISCOVER 3 Maiden resource EXPLORE 2 Discoveries prioritized and advanced - Selena is HERE 1 Systematic exploration across pipeline of early-stage projects
Slide 6: Exploration Strategy
DIVERSIFIED PROJECT PIPELINE 6 Exploration 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)
Slide 7: Capital Structure
ALIGNED WITH SHAREHOLDERS 7 Capital Structure As at November 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$2.5M 4.8M 1.3M 16.2M o EMX Royalty Corp. Options RSU/DSU Warrants o Chad Peters (co-founder) o St
Slide 8: Management Team
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 8 Management Team Chad Peters B.Sc., P.Geo Mike Harp M.Sc., CPG Duane Lo CPA (CA) President, CEO & Director Vice President, Exploration CFO & Director ▪ Led multi-million-ounce high-grade CSD ▪ Led multi-million-ounce North Dark Star ▪ 20+ years of international
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 located Juniper Zone Define a large open-pit and • Test CRD Target (Q2) - Complete directly adjacent to Freeport- • 7.7m @ 725.2 g/t Ag, 1
Slide 10: District-Scale Property
10 Bald Mountain Mine SELENA (Kinross) District-Scale Property ▪ 39km² contiguous land package in the historic Limousine Butte mining district in Nevada Butte Valley ▪ Shared boundary with the Butte Valley (Freeport – McMoRan) Limousine Butte (NevGold) Porphyry, a US $33M Freeport – McMoRan Golden B
Slide 11: Discovery Potential
11 SELENA Discovery Potential Selena CRD Discovery - Nevada Selena (Ridgeline) Hermosa-Taylor OPEN 3.7km + Strike CRD Deposit - Arizona 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 Q4 Drilling In-Progress Underground Target (Assays Pending) ▪ Selena exhibits classic CRD zonation over SE22-044 ~8km of strike between the Butte Valley Chinchilla Ag-Au ± Pb-Zn 2 SE22-043 Porph
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: Juniper Schematic Long Section B-B'
14 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 15: Backpack Drill Rig
15 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 16: 2022 Exploration Program
16 SELENA 2022 Exploration Program Q2 2022 Q3 2022 Q4 2022 ▪ May-June: CRD Target confirmed ▪ Backpack drilling at Juniper, ▪ Core drill program with both holes (SE22-037 & 038) Broken Egg & Revival (7-10 shallow holes) ▪ Permitting and drill pad ▪ Assay results in Q1 2023 construction Growth Cataly
Slide 17: Swift
17 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- • NGM operated “framework” drill with NGM (
Slide 18: NGM Drill Program
18 SWIFT NGM Drill Program Buried Intrusive ▪ NGM Q3-Q4 2022 drill program has intersected prospective alteration and mineralization (assays pending) “Framework drilling on the Swift project, intersects Lower Plate carbonates at only 570 meters depth with several low angle structures, significant al
Slide 19: Nevada Gold Mines Earn-In
19 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 To view the September 22, 202
Slide 20: Bell Creek
20 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 21: Strategic Mineral Rights
21 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 22: Exploration Upside
22 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 23: Carlin-East
23 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 24: Strategic Location
24 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 25: Leeville Schematic Long Section
25 CARLIN-EAST Leeville Schematic Long Section ▪ CE21-003 intersected unaltered Rodeo Creek Formation (a host at North Leeville) and is interpreted to have drilled the deeper, down-dropped side of a major NW fault Zone ▪ Uplifted horst block beneath CE19-002, CE21-004 and CE21-005 exhibits the great
Slide 26: NGM Exploration
26 Carlin-East NGM Exploration ▪ Exploration continues throughout the highly prospective Leeville corridor with NGM testing targets to the northeast towards Carlin-East “Northeast of Leeville, drilling has intersected the thickest section ever of favourable host rocks, extending the prospective corr
Slide 27: Robber Gulch
27 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 28: Proven Discovery
28 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 29: Schematic X-Section A-A'
29 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 RG-RC-21-04
Slide 30: Near-Term Catalysts
30 SUMMARY Near-Term Catalysts Q4 2022 Q1 2023 ▪ Selena - Drill program (7-10 holes) ▪ Selena – Assay results ▪ Swift – Drill program (3 holes) ▪ Swift - Assay results ▪ Robber Gulch –Backpack drilling Corporate Catalysts ▪ Selena CRD discovery exhibits significant growth potential with Q4 drill pro
Slide 31: Directors & Advisors
GLOBAL EXPERIENCE – DISCOVERY FOCUSED 31 Directors & Advisors Chad Peters, President, CEO & Director Duane Lo, CFO & Director 15 years of exploration and production experience. Co-founded 20+ years International accounting and financial management Ridgeline in 2018, former exploration manager for Pr
Slide 32: President & CEO / Investor Relations
32 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 33: Appendix: Selena
33 APPENDIX Selena
Slide 34: Zonation Model
34 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 35: Zonation Model
35 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 36: Chinchilla Zone
Sonic 36 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 SE21-025 mineralization outcropping at 4
Slide 37: CRD Target
37 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 38: Long Section A-A' – Mag Inversion Overlay
38 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 39: Juniper Zone
Sonic 39 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 40: Juniper Schematic Long Section B-B'
40 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 41: Juniper Zone
41 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 42: Juniper Zone
42 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 ▪ Hole collar
Slide 43: Revival Target
Sonic 43 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 44: Revival Schematic Long Section C-C'
44 SELENA Revival Schematic Long Section C-C’ CRD Revival Broken Egg Ag-Au-Pb-Zn 8.84 g/t Ag, 1.3 g/t Au, Ag-Au ± Pb-Zn Oxide Au 11.6 g/t Ag, 0.11g/t 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 45: Broken Egg Target
SEBP-001(Broken Egg) 0.9m (3 ft.) @ 2.37 g/t Au 45 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 46: Schematic Long Section D-D'
46 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 47: Strat Column
47 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 48: As in Soils
48 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 49: Sb in Soils
49 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 50: Pb in Soils
50 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 51: Zn in Soils
51 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 52: Appendix: Swift
52 APPENDIX Swift
Slide 53: NGM Drill Program
53 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 gold bearing faults intersections at depth Phase II framework drill program planned for Q3-Q4, 2022 )
Slide 54: Barrick Investor Day, November 2022
54 Swift Framework Drilling Barrick Investor Day, November 2022 Modified from Barrick Investor Day Presentation (13)
Slide 55: Appendix: Carlin-East
55 APPENDIX Carlin-East
Slide 56: Barrick Investor Day, November 2022
56 North Leeville Expansion Barrick Investor Day, November 2022 Carlin East Modified from Barrick Investor Day Presentation (13)
Slide 57: Barrick Q3, 2021 Report
57 North Leeville Expansion Barrick Q3, 2021 Report Modified from Barrick Q3, 2021 report(11)
Slide 58: Barrick Q2, 2022 Report
58 North Leeville Expansion Barrick Q2, 2022 Report
Slide 59: Appendix: Bell Creek
59 APPENDIX Bell Creek
Slide 60: Barrick Q2, 2022 Report
60 Ren Expansion Barrick Q2, 2022 Report
Slide 61: Appendix: Robber Gulch
61 APPENDIX Robber Gulch
Slide 62: 3D X-Section
62 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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