Ridgeline Minerals (TSX-V:RDG, OTCQB:RDGMF) Corp said it has gained further insight into its Selena project in Nevada with the acquisition of a historical database of drill results from NevGold Corp (TSX-V:NAU, OTCQX:NAUFF).
Nevada-focused explorer Ridgeline acquired all the outstanding surface and drill hole data from NevGold, the operators of the adjacent Limousine Butte project just north of Selena.
Six holes drilled in 2010 contained shallow, high-grade silver, gold, lead and zinc at the previously identified Juniper target that is around one kilometer south of Ridgeline’s Chinchilla discovery on the property, the company said.
READ: Ridgeline Minerals kicks off Phase V drilling at its Selena project in Nevada
Highlight intercepts from the historical drillholes at Juniper include 0.3 meters (m) grading 6,667 grams per tonne (g/t) silver, 7.7 g/t gold, 1.6% lead, 0.2% zinc and 1.0 m grading 2,467.2 g/t silver, 5.1 g/t gold, 1.1% lead, 1.4% zinc within 7.7m.
In a statement thanking NevGold for the data, Ridgeline CEO Chad Peters told investors that the company “couldn't be happier” with the results, which showcase the highest-grade silver and gold intercepts ever drilled at Selena.
"This addition to our database continues to strengthen our interpretation that Selena is host to a zoned porphyry system with the potential to discover multiple deposit types,” Peters said in a statement.
Peters told shareholders that the team has identified five priority target zones across the property which include an ongoing drill program testing the silver-gold-lead-zinc carbonate replacement deposits (CRD), confirmed discoveries at both Chinchilla and Juniper, and the early-stage Revival and Broken Egg targets, which exhibit similar silver and gold mineralization at surface.
“We are still very early in the discovery process, and we look forward to updating our shareholders as this district-scale story continues to evolve,” the CEO added.
Located in White Pine County, Nevada, the 100%-owned Selena project comprises of 39 square kilometres of highly prospective exploration ground.
Drilling in 2021 highlighted the potential to target high-grade CRD-type mineralization between Ridgeline's original discovery and the Butte Valley copper-gold-silver porphyry located directly west of the property.
Contact Angela at angela@proactiveinvestors.com
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