Ridgeline Minerals Corp (CVE:RDG) (OTCQB:RDGMF) reported that it has completed its Phase I drill program at the Swift gold project located in Nevada’s prolific Cortez District of the Battle Mountain- Eureka Trend.
The company said the Phase I program was comprised of three diamond drill core holes totaling 2,413 meters (m) focused on the untested Fallen City target, with the primary objective of targeting the intersection of the down-dip projection of a kilometer-scale Carlin-Type pathfinder gold soils anomaly.
As well, the company hopes to confirm its re-interpreted litho-structural model, which projects shallower Lower Plate carbonates (400-500m vertical depth) associated with a pronounced gravity high at the Fallen City target.
“Our team is encouraged by the geologic data collected during the Phase I drill program to-date,” Ridgeline Minerals Vice President of Exploration Mike Harp said in a statement.
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He added: “Our first two holes at the Fallen City target exhibit many of the fundamental characteristics shared by Carlin-Type gold systems in Nevada including favourable host rocks, hydrothermal alteration, proximity to major fault zones, and multi-phase igneous activity.”
Ridgeline noted that all drill samples have been logged, split and submitted to the lab for analysis with results for all three holes expected to be released in January 2021.
The company said its Phase I program intersected Lower Plate carbonate host rocks in holes SW20-001 and SW20-002 at relatively shallow depths (425m vertical depth) with “excellent correlation” between modeled Lower Plate and gravity geophysical anomalies.
It added that an historic drill hole (MCK-99-5A) intersected the Roberts Mountain Formation (gold host in the Carlin and Cortez trends) approximately one kilometer to the west of the Fallen City target and returned 16.8m grading 0.72 grams per tonne (g/t) gold, 0.50 g/t silver starting at 727m.
Ridgeline also said drilling intersected multiple intervals of Carlin-Type alteration associated with favourable fossil debris-flow horizons, with fossil age dates to further constrain the Lower Plate stratigraphy pending in 1Q 2021.
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