Ridgeline Minerals Corp (CVE:RDG) (OTCQB:RDGMF) revealed Monday that new data from its Selena project in Nevada nearly doubles the gold-silver footprint at the property.
Thanks to historical data acquired by Ridgeline last month, the strike length was extended by around 1.3 kilometres to the north of a previously announced shallow-oxide silver-gold discovery from last December.
Additional shallow, silver-gold drill intercepts located at the Sonic target on the property suggest that the combined strike length of shallow mineralization at Selena extends 2 kilometres north-south and 1.2 kilometres east-west, the Vancouver-based company told investors.
READ: Ridgeline Minerals expands previously announced silver-gold discovery at Selena project
Highlights from the historical data reveal multiple drill holes that returned shallow intercepts of silver and gold at grades between 17 grams per ton (g/t) and 30 g/t silver equivalent. In addition, high-grade rock chips adjacent to and along strike of the earlier discovery include individual samples of up to 725 g/t silver and 12.4 g/t gold at surface, indicating high-priority exploration targets for a 2021 drill program.
"The historical data more than doubles our existing geologic database, has highlighted future high-potential targets, and further supports our belief that Selena has the potential scale to host a large shallow-oxide, silver-gold deposit,” Mike Harp, Ridgeline's vice president, exploration said in a statement.
“The database also indicates that most of the historical drill holes did not drill deep enough to adequately test the Guilmette Limestone, host to our recent discovery and we see an opportunity to target this higher-grade horizon in our spring drill program."
Selena is located in White Pine County, around 64 kilometres north of Ely, Nevada, and 12 kilometres southeast of the Kinross operation Bald Mountain Gold Mine.
The 100%-owned property is comprised of 35 square kilometers of highly prospective exploration ground, which has seen limited exploration activity over the past twenty years prior to being acquired by Ridgeline in 2019.
Shares nudged up around 4% to C$0.51 in Toronto.
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