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Ridgeline Minerals adds more ground at Swift gold project to cover projected strike extension of two prospective targets

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Ridgeline Minerals Corp (CVE:RDG) (OTCQB:RDGMF) (FRA:0GC0) has boosted its land package at the Swift gold project in Nevada by 50%. 

The junior resource company said that it had staked an additional 312 claims surrounding the project in a bid to consolidate the projected strike extent of two prospective targets. 

Swift now spans 18,348 acres or 75 square kilometres of ground in the Cortez District. 

READ: Ridgeline Minerals expands land package at the Selena Oxide Silver-Gold project in Nevada

Ridgeline is hoping that the new claims cover the projected strike extent of the Mill Creek and Goat Anticline targets, both of which saw its potential increase “substantially” after a Phase I drill program confirmed the presence of the fully preserved Wenban Formation stratigraphic section. 

According to Ridgeline, Wenban host rocks had never been identified at Swift until Ridgeline’s Phase I program. In a statement, the company called it a “significant development” for the project because the type of rock is the primary host to largescale deposits in the Cortez district of the Battle Mountain – Eureka trend, such as Nevada Gold Mine’s Pipeline, Cortez Hills, Goldrush and Fourmile deposits.

“We are delighted to substantially increase our landholdings in the Cortez District, which continues to yield high-grade gold discoveries at a pace unmatched anywhere else in Nevada,” Ridgeline CEO Chad Peters said. “Swift now represents a district-scale exploration opportunity with the potential to host multiple Carlin-Type gold discoveries.”

Ridgeline boasts a 125-square kilometre exploration portfolio across four projects in the highly prospective Carlin and Battle Mountain – Eureka Trends.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/954530/ridgeline-minerals-adds-more-ground-at-swift-gold-project-to-cover-projected-strike-extension-of-two-prospective-targets-954530.html


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