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    RDG   CA7660871004

RIDGELINE MINERALS CORP.

(RDG)
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Ridgeline Minerals Commences 3,500 Meter Infill and Step-Out Drill Program at the Selena Oxide Silver-Gold Project

05/04/2021 | 08:35am EDT

Vancouver, British Columbia--(Newsfile Corp. - May 4, 2021) -  Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF)  (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce that it has mobilized a reverse circulation (RC) drill rig to its Selena project located in White Pine County, Nevada. The primary focus of the Phase IV drill program (3,500 meters) is to further define the potential scale of the shallow-oxide, silver-gold discovery as the Company advances the project towards a maiden resource in late 2022. The program will consist of 15-17 infill and step-out drillholes across the more than two kilometers ("km") of drill defined strike (see February 8, 2021 Press Release) between the Company's new discovery and the Sonic target located approximately 1.3 km to the north. (Figure 1).

Mike Harp, Ridgeline's Vice President, Exploration commented, "we are excited to get back out to the field and continue expanding the shallow-oxide, silver-gold footprint at Selena with our most aggressive drill program to-date. A mix of infill and step-out drilling will selectively target high-grade mineralization within the known mineralized footprint as well as the projection of shallower mineralization to the north of our known discovery at the highly prospective Sonic target, already host to shallow historical drill intercepts."

Here's Mike Harp, Vice President, Exploration discussing drillhole SE21-023 (click thumbnail below)



Cannot view this video? Visit:
https://www.youtube.com/watch?v=p3or19ZXwlI

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7298/82757_77f243e0344f790c_003.jpg

Figure 1: Plan view map showing Phase IV proposed drillholes (green) over silver equivalent ("AgEq") grade thickness ("GT") contours and surface rock chips samples.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/7298/82757_77f243e0344f790c_003full.jpg

Selena Project

Selena is located in White Pine County, approximately 64 km north of the town of Ely, Nevada, and 12 km southeast of the Kinross owned and operated Bald Mountain Gold Mine. The 100% owned property is comprised of 35 square kilometers of highly prospective exploration ground, which has seen limited (View the Selena VRIFY Deck Here) exploration activity over the past twenty years prior to being acquired by Ridgeline in 2019.

QAQC Procedures

All samples are submitted to Paragon Geochemical Assay Laboratories (PAL) of Sparks, NV, which is a certified and accredited laboratory, independent of the Company. Samples are run through standard prep methods and analysed using AU-OES30 (Au; 30g fire assay AQR digest/ICP+10ppb Hg by MS) and 34MA-OESm (35 element Suite; 0.5g 4-acid digestion/ICP-MS; + 10ppb Hg) methods. PAL 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 with a stringent review of all results completed by the Company's QP, Michael T. Harp, Vice President, Exploration.

Technical information contained in this news release has been reviewed and approved by Michael T. Harp, CPG., the Company's Vice President, Exploration, who is Ridgeline's qualified person under National Instrument 43-101 and responsible for technical matters of this release.

About Ridgeline Minerals Corp.

Ridgeline is a discovery focused gold and silver explorer with a proven management team and a 125 km² exploration portfolio across four projects in the highly prospective Carlin and Battle Mountain - Eureka Trends in Nevada, USA. More information about Ridgeline can be found at www.RidgelineMinerals.com.

On behalf of the Board
"Chad Peters"
President & CEO

Further Information:
Chad Peters, P.Geo.
President & CEO
Ridgeline Minerals Corp.
1-866-RDG-NVAU (734-6828) - toll free
info@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 anticipated timing for release of additional drill results, plans to drill test prospective targets in 2021 and the potential advancement of mineral exploration, exploration drilling, development, and/or operating programs. The words "potential," "anticipate," "significant," "discovery," "forecast," "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 its mineral projects 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; risk 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82757


ę Newsfilecorp 2021
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Financials (USD)
Sales 2020 - - -
Net income 2020 -1,27 M - -
Net cash 2020 2,74 M - -
P/E ratio 2020 -16,3x
Yield 2020 -
Capitalization 30,3 M 30,1 M -
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees 3
Free-Float 90,1%
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Managers and Directors
NameTitle
Chad Peters President, Chief Executive Officer & Director
Duane Lo Chief Financial Officer & Non-Independent Director
Lewis Teal Independent Director
Michael Blady Independent Director
Peter J. Hardie Independent Director
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