Ridgeline Minerals Announces Drill Results and Provides Permitting Updates at the Swift Project, Nevada

Core Insights - Ridgeline Minerals Corp. announced final assay results for core hole SW25-008 at the Swift gold project, indicating significant gold mineralization [1][2] - The exploration drill permit for the Swift Plan of Operations has been approved, allowing for advanced exploration activities [2][6] Exploration Results - Drillhole SW25-008 reached a total depth of 1,249.7 meters and intersected 115 meters of gold mineralization ranging from 0.2 to 1.5 grams per tonne (g/t), with a highlight intercept of 5.8 meters grading 1.5 g/t Au within a broader 33.7 meters grading 0.5 g/t Au [2][3] - The results expand the gold footprint at Swift and demonstrate the scale of the target, which is located in a region with multiple existing mines [2][6] Project Development - The approval of the Swift Plan of Operations permit is a significant milestone, allowing for up to 200 acres of exploration disturbance and optimized drill hole locations [2][6] - Nevada Gold Mines (NGM) has committed to a total of US $20 million in qualifying work expenditures for the project, with US $14.48 million already incurred through December 31, 2025, and an additional US $5.52 million planned through December 31, 2026 [2][9] Future Plans - Drilling is expected to begin in late Q1 2026, focusing on testing down-dip and along strike of the known mineralized corridor to target a higher-grade gold zone [6][8] - The 2025 exploration budget has been set at US $5.52 million to satisfy Phase 1 earn-in requirements and drill up to five deep core holes at Swift [6][8]