Ridgeline Minerals Announces Significant Gold Discovery at Swift Project: 24.7 Meters of 0.5 g/t Au Including 2.9 Meters of 1.9 g/t Au
Vancouver, British Columbia – Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) (“Ridgeline” or the “Company”) is thrilled to provide an update on the ongoing exploration activities at its Swift gold project (“Swift” or “Project”). The Company recently announced the final assay results for core hole SW24-007, which has revealed a notable gold discovery.
Significant Gold Intercepts
The assay results indicate that SW24-007 intersected 24.7 meters of mineralization with an average gold grade of 0.5 grams per tonne (g/t). This impressive intercept includes a higher-grade section of 2.9 meters, which boasts a gold grade of 1.9 g/t. These results strengthen the Company’s belief in the potential for a significant gold discovery at Swift.
Exploration Budget and Collaboration with Nevada Gold Mines
Nevada Gold Mines (“NGM”), a joint venture between Barrick Gold Corporation and Newmont Corporation, has been operating Swift under an exploration earn-in agreement with Ridgeline. As of December 31, 2024, NGM has invested a total of US $10,078,008 in qualifying work expenditures. Following this significant discovery, NGM has approved a US $5,000,000 exploration budget for 2025.
Impact on Ridgeline and the Gold Industry
This discovery could potentially lead to increased investor interest in Ridgeline, as the Company’s share price may react positively to the news. Furthermore, the success of Swift could encourage further exploration efforts in the region and contribute to the ongoing growth of the gold industry.
Impact on the World
The discovery of a significant gold deposit can have far-reaching implications for the global economy. Gold is an essential commodity used in various industries, including electronics, jewelry, and as a safe-haven asset. As such, any substantial addition to the world’s gold reserves could influence gold prices and the global economy.
Conclusion
Ridgeline Minerals’ discovery of 24.7 meters of 0.5 g/t Au including 2.9 meters of 1.9 g/t Au at the Swift gold project is an exciting development for the Company and the gold industry. With NGM’s continued support and a US $5,000,000 exploration budget for 2025, the potential for further discoveries remains high. The positive impact on Ridgeline’s share price and potential influence on gold prices underscore the significance of this discovery.
- Ridgeline Minerals discovers significant gold intercepts at Swift project.
- NGM invests over US $10,000,000 in exploration and approves US $5,000,000 budget for 2025.
- Impact on Ridgeline’s share price and gold industry growth.
- Potential influence on global gold prices and economy.
