Land Package Expanded By 50% At The Swift Gold Project

VANCOUVER - Ridgeline Minerals Corp. reported the staking of an additional 312 Bureau of Land Management (BLM) lode claims (6,439 acres) at the Swift gold project in Nevada. Swift, a Carlin-type gold exploration project, now comprises 1,097 BLM claims (14,651 acres) and 3,697 acres of private fee ground for a combined total of 18,348 acres or 75 square kilometers ("km").

The new claims were staked to consolidate the projected strike extent of the Mill Creek and Goat Anticline targets, with the exploration potential at both targets increasing substantially after Ridgeline's Phase I drill program in 2020 confirmed the presence of the fully preserved Wenban Formation stratigraphic section. Wenban host rocks had never been identified at Swift until Ridgeline's Phase I program, which is a significant development for the project as the Wenban is the primary host to all greater than five million-ounce gold deposits in the Cortez district of the Battle Mountain - Eureka trend including Nevada Gold Mine's Pipeline, Cortez Hills, Goldrush and Fourmile deposits.

Chad Peters, President & CEO, said, "We are delighted to substantially increase our landholdings in the Cortez District, which continues to yield high-grade gold discoveries at a pace unmatched anywhere else in Nevada. Swift now represents a district-scale exploration opportunity with the potential to host multiple Carlin-Type gold discoveries."

Mill Creek Target: 7 km long target centered on a highly elevated gold ("Au"), arsenic ("As"), and antimony ("Sb") in soils anomalies; A single historical drillhole (MCK-99-5A) intersected 18.3m grading 0.65 g/t gold and 0.40 g/t silver starting at 727 meters ("m") in the Wenban formation; Drilling also intersected a 25m thick altered lamprophyre sill directly above the mineralized intercept, (lamprophyres are commonly associated with Carlin-Type gold systems in Nevada); MCK-99-5A never received a follow-up drillhole with Ridgeline interpreting the intercept as the low-grade mineralized "halo" adjacent to a potentially higher-grade Carlin-Type gold system; Goat Anticline Target: 6 km long regional anticline target (Figure 1) which is host to the historical Elder Creek open-pit gold mine, (oxide gold deposit mined in the 1990’s); Widespread surface Au-As-Sb soils anomalies on-trend of the Elder Creek mine suggest potential for a covered Carlin-Type gold target in untested Wenban host rocks at depth; and Northwest trending dike swarms of felsic to lamprophyre composition mapped at surface.