Ridgeline Minerals Corp · TSXV:RDG
Ridgeline Minerals — Investor Presentation (October 2021)
55 slides from Ridgeline Minerals's investor presentation, Oct 27, 2021
Slide 1: Exploration Done Differently
1 Exploration Done Differently Finding Nevada’s Next Discovery October 27, 2021 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 Statements contained in this press release that are not historical facts are “forward-looking information” or National Instrument 43-
Slide 3: Why Invest In Ridgeline Minerals
3 ABOUT US Why Invest In Ridgeline Minerals Ridgeline is a Nevada focused Gold-Silver explorer with a portfolio of four highly prospective exploration projects in the Carlin and Battle Mountain – Eureka Trends LOCATION STRATEGIC DRILLING $20M NEVADA GOLD MINES Nevada – 154km² exploration CONTRACT EA
Slide 4: Our Team
GLOBAL EXPERIENCE – NEVADA FOCUSED 4 Our Team EXPERIENCE ACHIEVEMENTS ROLES Chad Peters, B.Sc., P.Geo. 10+ years Nevada gold exploration, led multi-million ounce CSD Gap discovery with ▪ Co-founder of Ridgeline Minerals President, CEO & Director Premier Gold ▪ Former US Exploration Manager, Premier
Slide 5: Capital Structure
5 ALIGNED WITH SHAREHOLDERS Capital Structure As at October 1, 2021 15% Management 55.6M Cash ~ C$3.0M • Chad Peters – 6.8% Non-Diluted I/O 16% Public Companies • EMX Royalty • Vior Inc. 3.7M 0.7M 9.9M • Ethos Gold Options ($0.12 - $0.50) RSU/DSU ($0.36) Warrants ($0.55 - $0.75) Recent Financing 13%
Slide 6: 4 Projects
Twin Creeks Midas Turquoise Ridge CARLIN-EAST 6 BELL CREEK South Arturo Q3-Q4 Drilling Wells Pinson LOCATION IS KEY Winnemucca Meikle Goldstrike Leeville-Turf Lone Tree Carlin Elko Mike 4 Projects Marigold Battle Mountain Gold Quarry Carlin Rain Phoenix Copper Emigrant Basin 154 km2 Exploration Fire
Slide 7: Swift
7 OUR PROJECTS Swift 75 km2 Land Package High-Grade Underground Au Target Click Here NGM EARN-IN FULLY PERMITTED DRILLING IN 2020 STRATEGIC LAND PACKAGE US$20M earn-in agreement signed 17.0+ acres of fully bonded 3,000m Phase I drill program District-scale land package ~7km NW of with Nevada Gold Mi
Slide 8: Nevada Gold Mines Earn-In
8 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 dilution ▪ Validates team’s belief that Swif
Slide 9: Cortez District Stratigraphy
9 SWIFT Cortez District Stratigraphy Cortez District Swift Gold Zones Host Rocks )
Slide 10: District-Scale
10 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 11: Schematic X-Section A-A’
11 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 12: Selena
12 OUR PROJECTS Selena 39 km2 Land Package Oxide Open-Pit Ag-Au ± Pb-Zn Click Here 100% OWNED PERMITTING DRILLING IN 2021 NEW DISCOVERY 100% owned(5) land package. 5.0 acre BLM Notice of Phase IV drill program (3,445m) 2021 drilling returned up to 44.2m grading 12km southeast of Bald Intent approved
Slide 13: District-Scale Potential
Bald Mountain Alligator Ridge Kinross Gold 13 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 Butte Valley open-pit mines in the area including the Kinross Cu-Au Porphyry Gold
Slide 14: 2021 Drilling
Silver Equivalent Grade Thickness Map Sonic Target 14 2020 Discovery SELENA SE21-033 Broken Egg 12.2m @ 0.3 g/t Ag, Ag-Pb-Zn Target 0.5 g/t Au CRD Target 2021 Drilling Trench #4 Revival Target 38.1m @ 51.5 g/t Ag, 0.7 g/t Au 39km² Project Boundary ▪ 14 Reverse Circulation (RC) holes totaling 3,445m
Slide 15: X-Section B-B’
15 SELENA X-Section B-B’ B’ 24.4m B 24.4m @ 1.5g/t AgEq @ 2.5 g/t AgEq No Significant Historic DDH Values 32.0m @ 2.2 g/t AgEq 10.7m @ 194.0 g/t Ag 0.3 g/t Au, 2.0% Pb, 1.7% Zn Incl: 4.6m @ 421 g/t Ag, 0.6 g/t Au, 4.4% Pb, 3.7% Zn 44.2m @ 123.2 g/t Ag 0.1 g/t Au, 1.5% Pb, 0.6% Zn Incl: 13.7m @ 221.1
Slide 16: X-Section D-D’
16 SELENA X-Section D-D’ ▪ Drill hole SE21-027 hit Ag-Au-Pb-Zn in two host horizons with a 1.2km down-dip step-out from SE20-010 D’ D 3.0m @ 59.8 g/t Ag 0.02 g/t Au, 0.7% Pb, SE21-036 NSV% Zn 4.6m @ 156.7 g/t Ag 0.5 g/t No Significant Au, 1.2% Pb, 1.3% Zn SE20-010 Values 3.0m @ 82.1 g/t AgEq (EOH in
Slide 17: Evolving Geologic Model
Sonic Target Au ± Ag 17 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 18: Conceptual CRD Target
18 SELENA Conceptual CRD Target Historical Butte Valley Drill Intercepts Selena Discovery Ag-Au ± Pb-Zn Trench #5 BV-11: 18.8m @ 0.6% Cu, 0.3 g/t Au, 18.7 g/t Ag (10) Trench #4 56.4m @ 26.3 g/t Ag, 0.6 g/t Au BV-14: 108.5m @ 0.1% Cu, 0.1 g/t Au, 4.2 g/t Ag (10) Selena Property 38.1m @ 51.5 g/t Ag, 0
Slide 19: Proposed 2022 Drill Program
19 SELENA Proposed 2022 Drill Program Historical Butte Valley Drill Intercepts Selena Discovery Ag-Au ± Pb-Zn Trench #5 BV-11: 18.8m @ 0.6% Cu, 0.3 g/t Au, 18.7 g/t Ag (10) Trench #4 56.4m @ 26.3 g/t Ag, 0.6 g/t Au BV-14: 108.5m @ 0.1% Cu, 0.1 g/t Au, 4.2 g/t Ag (10) Selena Property 38.1m @ 51.5 g/t
Slide 20: Taylor Deposit Analogue?
20 SELENA Taylor Deposit Analogue? ▪ Geological setting at Selena is analogous to Taylor-Hermosa Ag-Pb-Zn deposit in Arizona (South32 Mining) with similar scale (~3.5km) between Cu-Au porphyry source (Sunnyside and Buttle Valley) and oxide mineralization at surface (Hermosa Ag-Mn ± Pb and Selena Ag-
Slide 21: Timeline To Discovery
21 SELENA Timeline To Discovery Q4 2021 Q1 2022 Q2 2022 ▪ Soil sampling grid over CRD Target ▪ IP & Magnetics geophysics ▪ 10-hole drill program ▪ Field mapping & 3D modelling ▪ Amend NOI drill permit (~6,000m) Upside Potential ▪ Ridgeline’s 2021 drill program suggests Selena has the potential scale
Slide 22: Carlin-East
22 OUR PROJECTS Carlin-East 35 km2 Carlin Trend Land Package High-Grade Underground Au Target Click Here 100% OWNED PERMITTING DRILLING IN 2021 STRATEGIC LAND POSITION 100% owned land package in the Fully Permitted and bonded Drill program (2,272m) On-strike of the NGM owned Leeville mine(1) heart o
Slide 23: Strategic Location
23 Bell Creek ) CARLIN-EAST Crash Zone CE21-003 B Strategic Location B CE19-002 CE19-001 ▪ ~4.5km north of and on-strike of the Nevada Gold Mines operated Leeville- Carlin-East Turf mine(1) Leeville ▪ ~3.5km north of the North Leeville Corridor discovery (announced Q2, 2020) 12.3m @ 18.3 g/t CGX-200
Slide 24: Deep Conceptual Target
24 CARLIN-EAST Deep Conceptual Target
Slide 25: Bell Creek
25 OUR PROJECTS Bell Creek 5 km2 Carlin Trend Land Package High-Grade Underground Au Target Click Here 100% OWNED PERMITTING DRILLING IN 2020 STRATEGIC LAND POSITION Lease with option to Executed surface access Nevada Gold Mines recently Shared boundary with the Banshee-Ren purchase 100% of the agre
Slide 26: Strategic Mineral Rights
26 BELL CREEK Strategic Mineral Rights ▪ Nevada Gold Mines (NGM) drilled the Sinkhole Breccia target at the Ren Property in Q3,2020 (drill results not publicly available) ) ▪ Located ~250m west of Bell Creek Sinkhole Breccia ▪ 24 Zone at Ren includes historic intercepts of 42.7m @ 32.6 g/t Au in RU-
Slide 27: Near-Term Catalysts
27 SUMMARY Near-Term Catalysts Q3 2021 Q4 2021 ▪ Swift - $20M Earn-in with Nevada Gold Mines ▪ Carlin-East – Drill results ▪ Selena – Soils & mapping program Upside Potential ▪ US$20M earn-in agreement with Nevada Gold Mines confirms district-scale discovery potential at Swift ▪ $4M guaranteed spend
Slide 28: Chad Peters, P.Geo
866-RDG-NVAU (734-6828) – toll free TSX-V: RDG | OTCQB: RDGMF Chad Peters, P.Geo info@ridgelineminerals.com FRA: 0GC0 President, CEO & Director ridgelineminerals.com
Slide 29: Appendix: Swift
29 APPENDIX SWIFT
Slide 30: 2021 Property Acquisition
30 SWIFT 2021 Property Acquisition Historic DDH (Too Shallow) MCK-99-5A 18.3m @ 0.65 g/t Au 0.46 g/t Ag (Historic DDH) Elder Creek Mine Greystone Mine
Slide 31: Gold Soils Contours
31 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 32: Arsenic Soils Contours
32 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 33: Antimony Soils Contours
33 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 34: Gravity Geophysics
34 SWIFT Gravity Geophysics Gravity Geophysics Residual Layer ▪ Gravity geophysics highlighted shallow Shallow host rocks carbonate rocks in previously untested Wenban Fm. (400m) target area Wenban Fm. (727m) ▪ DDF fault zone is interpreted as a major offsetting structure and fluid conduit Recently
Slide 35: PRJ Magnetics
35 SWIFT RTP Magnetic Geophysics PRJ Magnetics Goat Peak Stock RTP Layer Buried ▪ Magnetics highlight dike swarms along NW Intrusions structural corridor Caetano Tuff ▪ Property bounded by Goat Peak Stock (Tertiary?) to the NW and Gold Acres Stock (Cretaceous) to the SE Recently Staked ▪ Large block
Slide 36: SW20-002 - Wenban
36 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 37: Appendix: Selena
37 APPENDIX Selena
Slide 38: 2021 Drilling
Silver Equivalent Grade Thickness Map Sonic Target 38 2020 Discovery SELENA SE21-033 Broken Egg 12.2m @ 0.3 g/t Ag, Ag-Pb-Zn Target 0.5 g/t Au CRD Target 2021 Drilling Trench #4 Revival Target 38.1m @ 51.5 g/t Ag, 0.7 g/t Au 39km² Project Boundary ▪ 14 Reverse Circulation (RC) holes totaling 3,445m
Slide 39: X-Section A-A’
39 SELENA X-Section A-A’ A’ A Trench #5 12.2m @ 131.6 g/t 25.9m 56.4m @ 68.1 g/t AgEq 0.1 g/t Au, 0.5% Pb, @ 30.2 g/t AgEq 0.04% Zn 30.5m Trench #4 @ 45.4 g/t AgEq 38.1m @ 102.6 g/t AgEq 24.4m 42.6m @ 43.3 g/t Ag @ 20.6 g/t 48.7m @ 71.8 g/t Ag 0.1 g/t Au, 0.4% Pb, AgEq 0.2 g/t Au, 0.7% Pb, 0.5% Zn O
Slide 40: X-Section B-B’
40 SELENA X-Section B-B’ B’ 24.4m B 24.4m @ 1.5g/t AgEq @ 2.5 g/t AgEq No Significant Historic DDH Values 32.0m SE20-16 did not @ 2.2 g/t AgEq adequately test target 10.7m @ 194.0 g/t Ag 0.3 g/t Au, 2.0% Pb, 1.7% Zn 44.2m @ 123.2 g/t Ag 0.1 g/t Au, 1.5% Pb, 0.6% Zn Looking Northwest 150m View Window
Slide 41: X-Section C-C’
41 SELENA X-Section C-C’ C’ C No Significant Values 71.6m @ 21.0 g/t Ag 0.1 g/t Au, 0.2% Pb, 0.2% Zn 13.7m @ 4.8 g/t Ag, 0.1 g/t Au 108.2m @ 6.8 g/t Ag Need to drill 0.1 g/t Au, 0.1% Pb, 0.2% Zn deeper 44.2m @ 75.6 g/t Ag 0.2 g/t Au, 1.0% Pb, 0.3% Zn Looking Northwest 100m View Window Legend AgEq (g
Slide 42: X-Section D-D’
42 SELENA X-Section D-D’ D’ D 3.0m @ 59.8 g/t Ag 0.02 g/t Au, 0.7% Pb, SE21-036 NSV% Zn 4.6m @ 156.7 g/t Ag 0.5 g/t No Significant Au, 1.2% Pb, 1.3% Zn SE20-010 Values 3.0m @ 82.1 g/t AgEq (EOH in mineralization) 4.6m @ 21.0 g/t Ag 0.1 g/t Au, 0.5% Pb, 0.2% Zn Looking Northwest 50m View Window Legen
Slide 43: X-Section E-E’
43 SELENA X-Section E-E’ E’ 16.8m @ E 17.0 g/t AgEq 16.8m (Historic) SE21-031 @ 25.0 g/t AgEq 15.2m (Historic) 16.7m @ 13.5 g/t AgEq SE21-033 @ 13.0 g/t AgEq 12.2m @ 37.1 g/t AgEq (Historic) Buried Intrusion (Unknown Age) Looking Northwest 200m View Window Legend AgEq (g/t) Stratigraphy G. Aliaga Ju
Slide 44: CRD Zonation
High Sulfidation Epithermal 44 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 45: As in Soils
45 SELENA As in Soils Soils Program in Progress BV-16 ▪ Arsenic is at its highest on the BV-06 eastern edge of the property at the Broken Egg target ▪ Highlights the Carlin-Type BV Porphyry Cu-Au end-member of the zonation pattern
Slide 46: Sb in Soils
46 SELENA Sb in Soils Trench #4 38.1m @ 51.5 g/t Ag, 0.7 g/t Au ▪ Antimony highlights zone of BV-16 highest Ag drilled to-date on BV-06 the property BV Porphyry Cu-Au
Slide 47: Pb in Soils
47 SELENA 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 steadily towards the Butte BV-06 4.6m @ 156.7 g/t Ag, 0.5 g/t Au, 1.2% Pb, Valley porphyry 1.3% Zn BV Porphyry Cu
Slide 48: Zn in Soils
48 SELENA Zn in Soils BV-16 ▪ Zn in soils values increasing steadily towards the Butte BV-06 Valley porphyry BV Porphyry Cu-Au
Slide 49: Appendix: Carlin-East
49 APPENDIX Carlin-East
Slide 50: Barrick Q3, 2020 Investor Day
50 North Leeville Discovery Barrick Q3, 2020 Investor Day Carlin East (~3.5km) Modified from Barrick Gold Quarterly Reporting (7)
Slide 51: Barrick Q4, 2020 Report
51 North Leeville Discovery Barrick Q4, 2020 Report Multi-million-ounce growth potential Modified from Barrick Q4, 2020 report(6)
Slide 52: Barrick Q4, 2020 Report
52 North Leeville Discovery Barrick Q4, 2020 Report Modified from Barrick Q4, 2020 report(6)
Slide 53: Barrick Q1, 2021 Report
53 North Leeville Discovery Barrick Q1, 2021 Report Modified from Barrick Q1, 2021 report(6)
Slide 54: Appendix: Bell Creek
54 APPENDIX Bell Creek
Slide 55: Barrick Q1, 2021 Report
55 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)
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