Silver-Gold Exploration Target At The Chinchilla Oxide Deposit

VANCOUVER – Ridgeline Minerals Corp. reported on a Mineral Exploration Target outlining the silver-gold-lead-zinc exploration potential at the outcropping Chinchilla Oxide Ag-Au-Pb-Zn deposit at the Selena project, Nevada. The Company has completed preliminary 3D modelling at the Chinchilla Oxide deposit that supports an exploration target of 38.3 – 58.0 million tonnes (MT) of mineralized material grading between 39.8 – 52.0 grams per tonne (g/t) Ag, 0.12 – 0.15 g/t Au, 0.42% – 0.55% Pb and 0.40% – 0.51% Zn (Figure 1). The quantity and grade of the exploration target are conceptual in nature and there has not been sufficient exploration to define a mineral resource. It is uncertain whether further exploration will result in the exploration target being delineated as a mineral resource.
Chad Peters, President, CEO & Director, said “The Chinchilla Oxide deposit was Ridgeline’s original outcropping Ag-Au oxide discovery made by the team in 2020 and we always knew it had the potential to become a deposit of significant scale. Announcing a mineral exploration target helps to further highlight this exciting opportunity and better frame the upside potential across multiple mineralized zones at the Selena project. Chinchilla Oxide remains open along strike and down-dip towards our recent Chinchilla Sulfide discovery with potential to expand the exploration target and upgrade to a maiden mineral resource estimate with additional drilling.
The Selena project exhibits over four kilometers of proven mineralized strike between the outcropping Chinchilla Oxide zone and our recent high-grade CRD discovery at Chinchilla Sulfide, which was made in collaboration with our partners at South32. Our strategy in 2026 will be to continue drill testing the Chinchilla Sulfide discovery to better understand the potential scale and grade of the sulfide system, which will help our teams better understand the combined resource potential of the greater mineralized system at Selena as we continue to grow this very exciting polymetallic deposit.”