Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (September 2023)
40 slides from Ridgeline Minerals's investor presentation, September 2023
Slide 1: Selena
1 APPENDIX Selena
Slide 2: SE22-045 High-Grade
2 SELENA SE22-045 High-Grade ▪ SE22-045 returned the single best Ag-Au-Pb-Zn CRD drill intercept in the project’s history ▪ 32.5 m grading 153.42 g/t Ag, 2.51% Pb, 1.60% Zn, 0.09 g/t Au, starting at 235 m true vertical depth ▪ Including: 6.1 m grading 480.52 g/t Ag, 12.0% Pb, and 6.39% Zn, 0.14 g/t
Slide 3: SE22-039 Sulfide Zone
3 SELENA SE22-039 Sulfide Zone ▪ SE22-039 drilled the first intercept of known sulfide CRD mineralization at Selena and highlights potential for additional zones of sulfide mineralization along strike and at depth
Slide 4: CRD Target
4 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 Inc
Slide 5: Long Section A-A’ – Mag Inversion Overlay
5 SELENA Long Section A-A’ – Mag Inversion Overlay Trench #4 38.1m @ 51.5 Ag 0.7 Au CRD Chinchilla Ag-Pb-Zn-Au Ag- Pb-Zn-Au A’ Ag-Au-Pb-Zn Boundary Oxide Selena Base of eroded A SE21-024 mag-low 16.8m @ 22.2 Ag, 0.4 Pb, 1.0 Zn, 0.3 Au 4.6m @ 421 Ag, Incl: Magnetic 4.4 Pb, 3.7 Zn, 0. 6 Au 3.0m @ 35.4
Slide 6: CRD Target
SE22-037 UV Chip Tray (2,200 – 2,660 ft.) 6 SELENA CRD Target 3.0m @ 35.4 g/t Ag, 1.0% Pb, 2.3% Zn, 0.9 g/t Au ▪ SE22-037 RC chips exhibit classic “BBQ Rock” UV fluorescence ▪ Indicates SE22-037 intercept was Anomalous Ag-Pb-Zn-Au connecting both zones close to a potentially higher-grade CRD zone 3.
Slide 7: BBQ Rock – Shortwave UV
7 SELENA Broken Egg BBQ Rock – Shortwave UV White-Green ▪ Shortwave UV (Black Light) will cause (distal CRD) mineralized rock to fluoresce with different color and intensity depending on proximity to the core of a CRD deposit ▪ Selena exhibits classic “BBQ Rock” UV Orange-Purple fluorescence in its
Slide 8: Juniper Long Section D-D’
8 SELENA Juniper Long Section D-D’ (~1km south of Chinchilla Zone) SE220-042 Historical Butte Valley Drill Intercepts Broken Egg 1.9m @ 0.19 g/t Au Oxide Au 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) SE20-0
Slide 9: Juniper X-Section E-E’
9 SELENA Juniper X-Section E-E’ E SE20-010 E’ Stratigraphy Drill Trace (AgEq g/t) 3.0m @ 14.4 g/t Ag, 0.9 g/t Au LB-072 Alluvium ≤ 20 Hole bottomed in Au-Ag 7.7m @ 725.2 g/t Ag, 1.3% Pb, Chainman Shale ≤ 50 0.9% Zn, 1.5 g/t Au (projected on section) Joanna Limestone ≤ 100 Pilot Shale ≤ 200 SE22-040
Slide 10: Juniper Zone
10 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 11: Backpack Drill Rig
11 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 12: Juniper Zone
12 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 13: Broken Egg Target
SEBP-001(Broken Egg) 0.9m (3 ft.) @ 2.37 g/t Au 13 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 14: Revival Target
Sonic 14 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 15: Revival Schematic Long Section F-F’
15 SELENA Revival Schematic Long Section F-F’ 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 F’ 0.09 g/t Ag, 0.28 Boundary Selena g/t Au, NSV F 4.6m @ 0.18 g/t Au (no base metal assays) 3.0m @ 0.25 g/t Au (no b
Slide 16: Strat Column
16 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 17: As in Soils
17 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 18: Sb in Soils
18 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 19: Pb in Soils
19 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 20: Zn in Soils
20 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 21: Swift
21 APPENDIX Swift
Slide 22: 2022 Drill Results
22 Swift Property SWIFT (75km²) 2022 Drill Results SW20-002 Historic DDH 0.2m @ 0.2 g/t Au, 860 g/t Ag Map Boundary (Ridgeline DDH) ▪ NGM Q3-Q4 2022 drill program has MCK-99-5A intersected thick intercepts of 18.3m @ 0.64 g/t Au, 0.46 g/t Ag alteration and anomalous gold (Historic DDH) SW21-001 grad
Slide 23: Table of Assay Results
23 Swift Appendix Table of Assay Results ▪ NGM Framework drilling has intersected widespread intercepts of gold across more than 3km of strike between MCK-99-5A and SW22-004 with individual grades of up to 2.7 g/t Au and 64.3 g/t Ag in select samples
Slide 24: Swift & Fourmile Core Photos
24 Swift Swift & Fourmile Core Photos ▪ SW22-003 intercept exhibits decalcification, collapse brecciation, calcite/dolomite veining and low-grade Au in Hanson Creek Limestone (Ohc) host rocks located stratigraphically below priority targets in the Wenban Limestone (Dw) ▪ FM22-179D(9) is an example o
Slide 25: Barrick Investor Day, November 18, 2022
25 Swift Appendix Barrick Investor Day, November 18, 2022 Modified from Barrick Investor Day Presentation (13)
Slide 26: Barrick Q4, 2022 Results – February 15, 2023
26 Swift Appendix Barrick Q4, 2022 Results – February 15, 2023 Modified from Barrick Investor Day Presentation (13)
Slide 27: Carlin-East
27 APPENDIX Carlin-East
Slide 28: Barrick Investor Day, November 2022
28 North Leeville Expansion Barrick Investor Day, November 2022 Approximate Carlin-East Location Modified from Barrick Investor Day Presentation (13)
Slide 29: Barrick Q3, 2021 Report
29 North Leeville Expansion Barrick Q3, 2021 Report Modified from Barrick Q3, 2021 report (11)
Slide 30: Barrick Q2, 2022 Report
30 North Leeville Expansion Barrick Q2, 2022 Report
Slide 31: Bell Creek
31 APPENDIX Bell Creek
Slide 32: Exploration Upside
32 BELL CREEK REN DEPOSIT BELL CREEK RDG 1.6Moz @ 6.6 g/t Au(9) NGM 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-
Slide 33: Barrick Q2, 2022 Report
33 Ren Expansion Barrick Q2, 2022 Report
Slide 34: Big Blue
34 APPENDIX Big Blue
Slide 35: Rock Chip Map
35 Big Blue Rock Chip Map Trench 1 0.6m @ 15.5% Cu, 0.2 g/t Ag, 0.1% Co Within 2.4m @ 4.6% Cu, 0.5 g/t Ag, 0.06% Co 1.0% Cu ▪ High-grade copper mineralization directly associated with a swarm of NE trending Delker felsic dikes 10.8% Cu Mine 0.5% Cu, 3.0% Cu Backpack Drill Site 6.3% Cu ▪ Backpack dri
Slide 36: Rock Chip Table
36 Big Blue Rock Chip Table ▪ Ridgeline reconnaissance sampling in late 2022 focused on confirmation samples of Cu skarn at historic workings as well as baseline samples of unaltered carbonates, QFP dikes and oxide gossan
Slide 37: Robber Gulch
37 APPENDIX Robber Gulch
Slide 38: Robber Gulch
38 PIPELINE PROJECT Robber Gulch 9 km2 Land Package Carlin-Type Oxide Au 100% OWNED EMERGING AU DISTRICT THE OPPORTUNITY 2023 OBJECTIVE Option to exercise 100% 32km southeast of Burley, Idaho Discover a 1 Moz. + shallow- Q2 backpack drilling on strike of historic purchase option from and 88km northw
Slide 39: Proven Discovery
39 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 40: Schematic X-Section A-A’
40 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
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