Ridgeline Minerals Provides Drill Program Updates for Its Three Partner Projects in Nevada

Core Insights - Ridgeline Minerals Corp. is advancing its exploration projects in Nevada, with significant partner-funded exploration budgets and ongoing drilling activities [1][2][3] Exploration Projects Overview - The company is currently focused on three partner projects: Swift, Black Ridge, and Selena, with total potential earn-in expenditures of US $60 million [1][22] - The combined partner-funded exploration budget for 2025 is US $9,500,000, marking the largest in the company's history [2] Project-Specific Updates - Selena Project: - The drill program has been active since June, with a budget of US $3,450,000 aimed at drilling three deep core holes totaling 4,500 meters [4] - South32 has spent US $573,758 in qualifying work expenditures and must invest a minimum of US $10,000,000 by August 21, 2029, to earn a 60% interest [5] - Swift Project: - Drilling is ongoing with the first of up to five holes testing areas with previous high-grade gold intercepts [6] - NGM has incurred US $10,869,000 in qualifying work expenditures and must spend a minimum of US $20,000,000 by December 31, 2026, to earn a 60% interest [7] - Black Ridge Project: - A deep core hole was completed in August, targeting lower-plate host rock sections associated with gold deposits [8] - NGM has spent US $586,904 in qualifying work expenditures and must invest a minimum of US $4,500,000 by July 14, 2028, to earn a 60% interest [9] Management Commentary - Chad Peters, President and CEO, noted that drilling is progressing smoothly, with expectations for continued activity and assay results through the end of 2025 [3]