Ridgeline Minerals Acquires High-Grade Oxide Gold Project, Further Consolidating Land Position at the Atlas Project, Nevada

Core Viewpoint - Ridgeline Minerals Corp. has entered into an exploration earn-in option agreement to acquire a 100% interest in the Trench oxide gold project, further consolidating its land position at the Atlas project in Nevada [1][2]. Project Overview - The Trench project consists of 31 Bureau of Land Management lode mining claims covering 2.2 square kilometers, located approximately 30 kilometers southwest of Carlin, Nevada [2]. - The project hosts a Carlin-Type gold system with historical grades of up to 5.6 grams per tonne (g/t) gold [2][3]. - The area has seen limited modern exploration, with previous work conducted in the 1990s [2]. Exploration Plans - Ridgeline plans to conduct an expanded rock chip sampling and field mapping campaign in the second half of 2025 to enhance the existing geochemical database [4]. - The current dataset includes high-grade rock chips ranging from 1.8 g/t Au to 5.6 g/t Au [6]. Financial Terms - Upon closing the agreement, EMX will retain a 3.0% net smelter return (NSR) royalty, which can be reduced to 2.0% through specific payments and exploration expenditures [13]. - Ridgeline will make annual advance royalty payments of $50,000 until commercial production begins [14]. Technical Information - The project is characterized by classic Carlin-Type alteration and gold mineralization within outcropping Pennsylvanian to Permian age rocks [17]. - Ridgeline's exploration strategy focuses on systematically advancing underexplored projects in known gold districts [2]. Company Background - Ridgeline Minerals is a precious and base metal explorer with a 200 square kilometer exploration portfolio across seven projects in Nevada [18].