Ridgeline Minerals drills 33.7 m of 0.5 g/t Au at Swift

Executive Summary

• Ridgeline Minerals Corp. released final assay results for core hole SW25-008 at its Swift gold project in Nevada, highlighting a significant gold intercept within a thick consolidated zone.
• The company received approval for a 200-acre Plan of Operations exploration permit, enabling Nevada Gold Mines (NGM) to optimize drill locations for the 2026 program.
• NGM has incurred $14.48 million in qualifying work expenditures through Dec 31, 2025, with a total phase 1 budget of $20 million required to earn an initial 60% interest in the project.

Key Details

• Drill Results (Hole SW25-008):
  • Total depth: 1,249.7 metres.
  • Intersected 115 combined metres of 0.2 to 1.5 g/t gold.
  • Highlight intercept: 5.8 m grading 1.5 g/t Au within 33.7 m grading 0.5 g/t Au, starting at 1,059 m downhole.
  • The hole tested along strike of hole SW24-006, which holds the project's highest-grade intercept (1.1 m grading 10.4 g/t Au within 2.7 m grading 7.0 g/t Au).
• Geological Context:
  • Drilling intersected an 114.6 m thick consolidated gold zone (>0.2 g/t Au) starting at 779 m downhole.
  • The Mill Creek thrust fault has been intersected in multiple holes and is interpreted as a significant structural control and conduit for gold mineralization.
  • Specific intercepts within the 114.6 m zone include:
    • 39.3 m grading 0.2 g/t Au.
    • 15.5 m grading 0.2 g/t Au.
    • 6.3 m grading 0.4 g/t Au.
    • 33.7 m grading 0.5 g/t Au (including the 5.8 m @ 1.5 g/t Au highlight).
• Permitting Update:
  • NGM received approval in late 2025 for a 200-acre Plan of Operations (PoO) exploration permit.
  • This increases available exploration disturbance area, allowing NGM to target the proposed high-grade gold corridor at SW Swift in 2026.
• Financials and Earn-In Terms:
  • NGM incurred $14,482,000 (U.S.) in phase I qualifying work expenditures through Dec 31, 2025.
  • NGM will spend an additional $5,518,000 (U.S.) through Dec 31, 2026, bringing the total phase 1 expenditure to $20 million (U.S.).
  • Completion of phase 1 earns NGM an initial 60% interest.
  • NGM has an option to increase interest to 70% by spending an additional $10 million before Dec 31, 2029.
  • NGM has a one-time option to provide financing for Ridgeline's debt portion for an additional 5% interest (totaling 75% or 65% depending on prior options).
• 2025 Exploration Program:
  • Approved budget of $5,518,000 (U.S.) to drill up to five deep core holes.
  • Drilling aims to test downdip and along strike of the known mineralized corridor to vector toward the core of a higher-grade gold zone.
  • Drilling expected to begin as early as late Q1, dependent on weather and site accessibility.
• QA/QC:
  • Samples analyzed at ALS Minerals (Elko, Nev.) and MSA Labs (Carlin, Nev.).
  • Methods include Au-AA23 (30g fire assay) and ME-MS61 (48-element ICP-MS) at ALS; photon assay and 48-element ICP-MS at MSA.
  • Supervised by Michael T. Harp, CPG, a qualified person under NI 43-101.