Drill Program Commences The Selena Project


VANCOUVER - Ridgeline Minerals Corp. reported the commencement of diamond core drill program at the Selena project. Selena is a silver ("Ag") - gold ("Au") - lead ("Pb") - zinc ("Zn") carbonate replacement ("CRD") style discovery located in White Pine County, Nevada. The drill program will complete up to ten (10) shallow core holes (~1,800m) across the Chinchilla, Juniper and Broken Egg targets with objectives at each target highlighted below.

Mike Harp, Vice President, Exploration said, "Our team has a high degree of confidence in the geologic model, and we are excited to kick-off the fall drill campaign at Selena. This program was designed to de-risk multiple shallow-oxide targets and is a critical step in the exploration process as Selena transitions to a resource delineation focus in 2023."

Chinchilla: Objective - Complete one core twin of reverse circulation ("RC") drillhole SE21-025 which returned 44.2 meters ("m") grading 123.2 grams per tonne ("g/t") Ag, 0.1 g/t Au, 1.5% Pb, and 0.6% Zn; and Rationale - Historic core holes acquired on June 8, 2022  support the Company's interpretation that silver-bearing Cerargyrite (silver oxide commonly associated with high-grade silver at Selena) zones are not optimally recovered using percussive RC drilling methods. This may have led to incomplete sample recovery and subsequent under-reporting of silver grades.

Juniper: Objective - Complete two core holes testing the down-dip extension of historical high-grade Ag-Au mineralization; and Rationale - Historical core holes at Juniper returned highlight intercepts of 0.3 m grading 6,667 g/t (0.67%) Ag, 7.7 g/t Au, 1.6% Pb, 0.2% Zn and 1.0 m grading 2,467.2 g/t (0.25%) Ag, 5.1 g/t Au, 1.1% Pb, 1.4% Zn within 7.7 m 725.2 g/t Ag, 1.5 g/t Au, 1.3% Pb, 0.9% Zn starting at 15.5 m in LB-072.

Broken Egg: Objective - Complete 6 to 7 wide-spaced core holes to define oxide gold potential within a prospective but historically untested target; and Rationale - Broken Egg falls within the oxide Au halo of the greater porphyry zonation pattern at Selena. Target exhibits 3+ km long oxide gold footprint supported by soil geochemistry, rock chips, and a backpack drill hole that returned a highlight intercept of 0.9 m grading 2.4 g/t Au in SEBP-002 starting from surface.

Selena Project: Selena is located in White Pine County, Nevada, approximately 64 kilometers ("km") north of the town of Ely, NV. The project shares a property boundary with the Butte Valley project, a US $33M earn-in agreement between Freeport-McMoRan and Falcon Butte Minerals. The 100% owned project is comprised of 39 square kms of highly prospective exploration ground including Ridgeline's shallow-oxide 2020 Ag-Au ± Pb-Zn Chinchilla discovery. Subsequent drilling has continued to highlight the potential for high-grade CRD type mineralization (Ag-Au-Pb-Zn ±Cu) between Chinchilla and the Butte Valley Cu-Au-Ag porphyry located directly west of the property.