Ridgeline Minerals Commences Drill Program at the Big Blue Porphyry Cu-Au Project, Nevada
Rhea-AI Summary
Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) has launched a diamond core drill program at its Big Blue porphyry copper-gold project in Elko County, Nevada. The initial program consists of two planned core holes totaling up to 1,800 meters, targeting high-priority chargeability and resistivity anomalies beneath the historic Delker Mine trend.
The first hole, BB25-001, will drill across a quartz feldspar porphyry dike swarm and down-dip of the former Delker Mine, which historically produced 94,434 pounds of copper at 6.2% grade during 1916-1917. The second hole, BB25-002, will target a 20-25 mV/V chargeability high that underpins the Delker Mine trend.
The Big Blue Project, located 75km southeast of Elko, spans 50 square kilometers and is 100% owned by Ridgeline. The primary target is porphyry-skarn Cu-Au ± Ag-Mo mineralization, with potential for polymetallic carbonate replacement deposits over 6+ km of untested strike.
Positive
- Company owns 100% of the highly prospective 50 sq km Big Blue Project
- Historical high-grade production of 6.2% copper from Delker Mine indicates potential mineralization
- Multiple porphyry centers identified through IP survey
Negative
- No modern exploration conducted in over a century
- Results from current drilling program pending and uncertain
- Additional capital may be needed for future exploration
News Market Reaction
On the day this news was published, RDGMF gained 11.61%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - March 11, 2025) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce the commencement of the Company's diamond core drill program at the Big Blue ("Big Blue" or "Project") porphyry copper ("Cu") - gold ("Au") project in Elko County, Nevada (Figure 1). The maiden drill program has been designed to test high-priority chargeability and resistivity anomalies located directly beneath the historically producing Delker Mine trend (see January 20, 2025 press release HERE) with the goal of intersecting the proposed porphyry source to the high-grade Cu-skarn observed at surface. The program will complete an initial 2-hole fence of up to 1,800 meters ("m") starting with core hole BB25-001, with results to be released as they are received (Figure 2).
Mike Harp, Ridgeline's Vice President, Exploration commented, "The first of two planned core holes is in progress and will be drilled beneath the historic Delker mine and directly across the porphyry dike swarm that is the interpreted source to the high-grade Cu-skarn at surface. Our recent IP survey has identified multiple highly prospective porphyry centers at Big Blue with the past producing Delker Mine trend being our shallowest and highest priority target. We will provide regular updates as the program progresses."
Drill Program Objectives
The initial program at Big Blue has been designed to test key structural and geophysical targets along the Delker Mine trend with the goal of intersecting high-grade Cu-skarn and/or porphyry Cu-Au style mineralization at depth.
- BB25-001 will drill across the projected quartz feldspar porphyry ("QFP") dike swarm and directly down-dip of the high-grade past producing Delker Mine (Figure 2)
- Hole will test both chargeability and resistivity anomalies identified in the Company's 2024 IP survey and has the potential to intersect both skarn and porphyry Cu style alteration and mineralization
- Potential for a 2nd steeper angle hole beneath BB25-001 depending on visual results of the first hole
- BB25-002 will drill a near-vertical hole into the core of the 20-25 mV/V chargeability high that underpins the Delker Mine trend (Figure 1)
- This hole will target the conceptual porphyry source to the shallow high-grade Cu-skarn that was mined near-surface
Figure 1: Plan view map showing the location of BB25-001 and BB25-002 along the Delker Mine trend. Note multiple porphyry anomalies (dash purple) at the Delker and Ohio targets
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/244074_594445cd94f789d1_002full.jpg
Figure 2: X-Section A-A' of IP line 72900N showing the chargeability (top) and resistivity (bottom) models. Core hole BB25-001 will drill down-dip of the historic, high-grade Delker Mine and test both the chargeability and resistivity anomalies that underpin the Delker Mine trend. Note the prominent resistivity anomaly, which is interpreted as upwelling Cu-rich fluids during porphyry emplacement
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/7298/244074_594445cd94f789d1_003full.jpg
Big Blue Project
Big Blue is located in Elko County, Nevada, approximately seventy-five kilometers ("km") southeast of the city of Elko, NV. The Project includes the past producing Delker Mine, which historically produced 94,434 pounds of copper at an average grade of
QA/QC Procedures
Samples are submitted to American Assay Laboratories (AAL) of Sparks, Nevada, which is a certified and accredited laboratory, independent of the Company. Independent check samples are sent to Paragon Geochemical Labs (PAL) of Sparks, Nevada. Samples are prepared using industry-standard prep methods and analysed using FA-PB30-ICP (Au; 30g fire assay) and ICP-5AM48 (48 element Suite; 0.5g 5-acid digestion/ICP-MS) methods. AAL also undertakes its own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. Ridgeline's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream.
Technical information contained in this news release has been prepared under the supervision of, and approved by, Michael T. Harp, CPG, the Company's Vice President, Exploration. Mr. Harp is a "qualified person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Appointment of Connect 4 Marketing
The Company announces that, subject to regulatory approval, has signed on March 7, 2025 and effective that date, an agreement to engage the services of Connect 4 Marketing Ltd. ("Connect 4") to provide digital marketing and consultancy services to grow investor awareness of the Company using online advertising, for a one-time set-up fee of
About Ridgeline Minerals Corp.
Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 200 km2 exploration portfolio across seven projects in Nevada, USA. The Company is a hybrid explorer with a mix of
On behalf of the Board
"Chad Peters"
President & CEO
Further Information:
Chad Peters, P.Geo.
President, CEO & Director
Ridgeline Minerals Corp.
+1 775 304 9773
cpeters@ridgelineminerals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, the assay results for core hole SW24-004 and the potential significance thereof. The words "potential", "anticipate", "meaningful", "significant", "pending", "believe", "estimate", "expect", "may", "will", "project", "plan", "historical", "historic" and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by the Forward-Looking Information. In preparing the Forward-Looking Information in this news release, Ridgeline has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Swift project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Ridgeline to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, risks related to dependence on key personnel; risks related to unforeseen delays; risks related to historical data that has not been verified by the Company; as well as those factors discussed in Ridgeline's public disclosure record. Although Ridgeline has attempted to identify important factors that could affect Ridgeline and may cause actual actions, events, or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Ridgeline does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
(14) Source: Smith, R.M., 1976, Mineral resources of Elko County, Nevada: U.S. Geological Survey Open-File Report 76-56, 201 p.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244074
FAQ
What is the scope of Ridgeline Minerals' (RDGMF) new drill program at Big Blue?
What were the historical production figures from the Delker Mine that RDGMF is now exploring?
What are the specific targets for RDGMF's first two drill holes at Big Blue?
What is the size and location of RDGMF's Big Blue Project?
