Ridgeline Minerals Reports 38.3 - 58.0 Million Tonne Silver-Gold Exploration Target at the Chinchilla Oxide Deposit, Selena Project

The most recent news release (February 12, 2026) reports a conceptual Exploration Target for the Chinchilla Oxide deposit at the Selena Project in Nevada. The target ranges from 38.3 to 58.0 million tonnes with grades of 39.8 - 52.0 g/t silver, 0.12 - 0.15 g/t gold, 0.42% - 0.55% lead, and 0.40% - 0.51% zinc. This follows a February 5, 2026 update regarding the Swift project, where partner Nevada Gold Mines (NGM) intersected a 115-meter gold zone (0.2 - 1.5 g/t Au) and received approval for a 200-acre Plan of Operations.

• Scale Definition: The Exploration Target at Selena provides a formal framework for the project's size. A potential 50+ million tonne deposit is significant for a company of this market capitalization, even if grades are moderate.
• Validation of Concept: The transition from the outcropping Chinchilla Oxide to the high-grade Chinchilla Sulfide (discovered in late 2025) suggests a large, multi-phase Carbonate Replacement Deposit (CRD) system.
• Partner De-risking: The Swift and Selena projects are being funded by South32 and NGM (Barrick/Newmont JV). NGM has already incurred approximately $14.5M of the $20M required at Swift to earn 60%, indicating a high probability of the major partner fulfilling the earn-in.
• Operational Momentum: Receiving the Plan of Operations permit at Swift allows for "aggressive" testing of high-grade corridors in 2026, moving beyond framework drilling.

Ridgeline Minerals is a Nevada-focused explorer with a portfolio of over 200 sq. km. - Flagship Project (Selena): A CRD discovery located in White Pine County, Nevada. It shares a boundary with Freeport-McMoRan’s Butte Valley project. It features shallow oxide mineralization and deeper massive sulfides. - Secondary Flagship (Swift): Located in the Cortez District, it is a Carlin-type gold project under earn-in with NGM. It sits on trend with the Pipeline and Cortez Hills mines.