New Mineralized Horizon At The Selena Silver-Gold Project
VANCOUVER - Ridgeline Minerals Corp. reported on the remaining assay results from the Phase IV drill program at the Selena oxide silver-gold project Nevada. Highlights include the discovery of a new mineralized horizon in the Chainman Shale returning up to 3.0 meters ("m") grading 59.8 grams per tonne ("g/t") of silver in hole SE21-027. The Chainman Shale is the host rock to multiple open-pit gold and silver deposits throughout the south Carlin Trend. The remaining ten holes from the fourteen-hole, 3,445m program focused on wide-spaced step-out drilling (average step-out of approximately 220m) across two priority target areas: Expand the known silver ("Ag") - gold ("Au") - lead ("Pb") - zinc ("Zn") mineralization towards the Butte Valley Porphyry to the west. Test shallow oxide Ag-Au mineralization at the Sonic target located 1.3 kilometers ("km") to the north of the main known Ag-Au footprint.
Chad Peters,President & CEO, said, "Our Phase IV program further supports our interpretation that mineralization at Selena is genetically related to mineralization at the Butte Valley porphyry. Drilling to the west towards the Butte Valley porphyry returned narrow yet relatively high-grade intercepts of Ag-Au-Pb-Zn in SE21-027, which includes our first ever intercept in the Chainman Shale, a prospective new target horizon for future drill programs. Results at the Sonic target to the north were shallow but lower grade, which suggests that the system is weakening to the northeast away from the porphyry system. Future exploration programs will focus on the roughly 3km of untested Ag-Au-Pb-Zn strike potential between the Butte Valley porphyry and the known high-grade mineralization that makes up the core of the Selena deposit."