Exploration Done Differently - Finding Nevada's Next Discovery TSX-V: RDG | OTCQB: RDGMF - Ridgeline Minerals
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1
Exploration
Done Differently
Finding Nevada’s Next Discovery
July 8, 2021
Corporate Presentation
TSX-V: RDG | OTCQB: RDGMF
FRA: 0GC0
2
CAUTIONARY STATEMENT
Disclaimer
Readers should not place any undue reliance on information in this summary for any purpose other than for gaining general
knowledge of Ridgeline Minerals Corporation (“Ridgeline”, or the “Company”). Statements contained in this presentation that are Qualified Persons. Michael Harp, CPG., Vice President, Exploration, is the Qualified Person as defined by National Instrument 43-101
not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) and has reviewed and approved the technical data in this presentation.
within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995.
Forward-Looking Information includes, but is not limited to, the anticipated timing for release of additional drill results, plans to drill Footnotes:
(1) Adjacent Properties. This presentation contains information about adjacent properties on which Ridgeline Minerals does not have
test prospective targets in 2021 and the potential advancement of mineral exploration, exploration drilling, development, and/or
the right to explore or mine. Investors are cautioned that mineralization on adjacent properties is not necessarily indicative of
operating programs. The words “potential,” “anticipate,” “significant,” “discovery,” “forecast,” “believe,” “estimate,” “expect,” “may,” “will,”
mineralization that may be hosted on the Company’s properties.
“project,” “plan” and similar expressions are intended to be among the statements that identify Forward-Looking Information. Forward-
Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be
(2) Readers are cautioned that the exploration targets at the Carlin-East, Swift, and Selena properties are early-stage exploration
materially different from any future results expressed or implied by the Forward-Looking Information. In preparing the Forward-
prospects and conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further
Looking Information in presentation, Ridgeline has applied several material assumptions, including, but not limited to, assumptions exploration will result in the target being delineated as a mineral resource.
that the current objectives concerning its mineral projects can be achieved and that its other corporate activities will proceed as
expected; that general business and economic conditions will not change in a materially adverse manner; and that all requisite (3) Historical information contained in this presentation, maps or figures regarding the Company’s project or adjacent properties
information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and cannot be relied upon as the Company’s QP, as defined under NI 43-101 has not prepared nor verified the historical information.
other factors which may cause the actual results, performance or achievements of Ridgeline to be materially different from any future
results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, (4) Source: Fraser Institute Annual Survey of Mining Companies 2018. Investment Attractiveness Index weights both policy perception
among others, risks related to dependence on key personnel; risks related to unforeseen delays; as well as those factors discussed in (taxation levels, onerous regulations, quality of infrastructure, etc.) and mineral potential (40% / 60%) of 83 countries and
Ridgeline's public disclosure record. Although Ridgeline has attempted to identify important factors that could affect Ridgeline and may provinces/states
cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other
(5) Source: Laurentian Bank Securities Equity Research: Compelling valuation for a growth-focused gold royalty company – October 21,
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-
2020
Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Ridgeline
(6) Source: Barrick Gold Quarterly Reporting: https://s25.q4cdn.com/322814910/files/doc_presentations/2021/Barrick-Q4-2020-Results-
does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this presentation to
Presentation.pdf
reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events This information is not
intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities (7) Source: Barrick Gold Quarterly Reporting: https://s25.q4cdn.com/322814910/files/doc_presentations/2020/Barrick-Investor-Day-2020_02-
commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way Exploration.pdf
passed upon the information contained in this summary.
3
ABOUT US
Why Invest In Ridgeline Minerals
Ridgeline is a well-funded Nevada focused Gold-Silver explorer with a 154 km² exploration
portfolio across four projects in the Carlin and Battle Mountain – Eureka Trends
L O C AT I O N S T R AT E G I C D R I L L I N G EXPERIENCED GOLD
Nevada - top ranked mining
CONTRACT EXPLORERS
jurisdiction in the world (4) Industry leading drilling contract Decades of experience finding
= lower cost = more drilling = several multi-million-ounce gold
higher potential for discovery deposits in Nevada
SIZE N E W N E VA D A SHAREHOLDER
One of the largest land
DISCOVERY F R I E N D LY S T R U C T U R E
packages (154 km2) in Shallow-oxide, silver-gold Tight share float with management
Nevada controlled by a junior discovery at Selena owning ~15% of outstanding shares
GLOBAL EXPERIENCE – NEVADA FOCUSED
4
Our Team
EXPERIENCE ACHIEVEMENTS ROLES
Chad Peters, B.Sc., P.Geo. 10+ years
Nevada gold exploration, led multi-million ounce CSD Gap discovery with ▪ Co-founder of Ridgeline Minerals
President, CEO & Director Premier Gold ▪ Former US Exploration Manager, Premier Gold Mines Ltd.
▪ Current CFO of Ridgeline Minerals and Entrée Resources
Duane Lo, CPA (CA) 20+ years
International accounting and financial management experience for various
▪ Former CFO of Mason Resources and Luna Gold
CFO & Director public companies
▪ Comptroller for First Quantum
Mike Harp, M.Sc., CPG. 10+ years Nevada gold exploration, led multi-million ounce North Dark Star discovery ▪ Qualified person as defined by NI 43-101
Vice President, Exploration with Gold Standard Ventures ▪ Former Senior Exploration Geologist – Gold Standard
Terese Gieselman 30+ years CFO and Corporate Secretary for multiple publicly traded companies
▪ Founder & President of Minco Corp. Management Inc.
Corporate Secretary ▪ Compliance and corporate financial reporting
Lewis Teal, M.Sc., P.Geo. 35+ years Global exploration, discovered over 20+ Moz of gold
▪ Newmont Group Executive, South American Exploration
Independent Director ▪ Senior Newmont Exploration Geologist, Carlin-Trend
Peter Hardie, CPA (CA) 20+ years
International accounting, financial management and mine development ▪ CFO of Equinox Gold
Independent Director experience ▪ Former CFO of True Gold and Nevsun Resources
Mike Blady, B.Sc. Geology 10+ years
Senior management of multiple public resource companies with extensive
▪ President, CEO & Director of Golden Ridge Resources
Independent Director capital markets background
▪ Independent Director – New Gold Inc.
Geoff Chater, B.Sc. Geology 30+ years
Mineral exploration experience across four continents and capital markets
▪ Former Director of Nevsun Resources, Reservoir Minerals and
Strategic Advisor consultant to multiple publicly traded companies
Valley High Ventures
Mac Jackson, M.Sc., CPG. 25+ years
Gold exploration, discovered the multi-million ounce Leeville, Fiberline and ▪ Former Vice President, Exploration for Gold Standard Ventures
Technical Advisor North Dark Star deposits in Nevada ▪ Former Senior exploration geologist, Newmont Corp.
Steve Neilsen 40+ years Owner of a Nevada-based drilling and mining operations support services
▪ Co-founder of Ridgeline Minerals
Technical Advisor ▪ President of Envirotech Drilling LLC
5
ALIGNED WITH SHAREHOLDERS
Capital Structure
As at June 1, 2021
15% Management 55.6M Cash ~ C$5.8M
• Chad Peters – 6.8%
Non-Diluted I/O
16% Public Companies
• EMX Royalty
• Vior Inc. 3.7M 0.7M 9.9M
• Ethos Gold Options
($0.12 - $0.50)
RSU/DSU
($0.36)
Warrants
($0.55 - $0.75)
Private Placement
13% Institutions (including but not limited to) C$3.75M raised @ $0.50
• Commodity Discovery Fund
• Stephens Investment Mgmt. 69.9M
Fully-Diluted I/O
• ½ warrant @ $0.75
• Accelerator @ $1.50
• Commodity Capital • Closed May 3, 2021
56% Retail Investors
TSX-V: RDG
OTCQB: RDGMF
Turquoise Twin Midas
Creeks CARLIN-EAST 6
Ridge
South Arturo
& Wells
Pinson BELL CREEK
LOCATION IS KEY Winnemucca Meikle
Goldstrike Leeville-Turf
Lone Tree Carlin Elko
Mike
4 Projects Marigold Battle
Mountain
Gold Quarry Carlin
Rain
Phoenix
Copper Emigrant
Basin
154 km2 Exploration Hilltop
Fire Creek Pinion
Dark Star
Portfolio in Nevada Cove Elder Creek
McCoy Gold Robertson
Acres Pipeline
100% ownership of 4 Fourmile
Cortez
projects on the Carlin and Hills Goldrush
Battle Mtn – Eureka Trends SWIFT Royale
Tonkin
Bald Golden
Mountain Butte
Winnemucca Elko
Gold Bar
Mt. Hope Alligator
Ridge
Reno
N E V A D A Yankee
Legend
Ruby Hill Eureka
Illipah
Ridgeline Property
Lookout SELENA
Las Vegas Historic/Operating Mine Mtn.
New Discovery
Carlin Trend Pan
Battle Mtn.– Eureka Trend Robinson Ely
Mt. Hamilton
7 OUR PROJECTS Selena 39 km2 Land Package Oxide Open-Pit Ag-Au Target Click Here 100% OWNED F U L LY P E R M I T T E D DRILLING IN 2021 NEW DISCOVERY 100% owned(5) land package. Permitted and bonded 5.0 Phase IV infill and step-out drill 2021 drilling returned up to 44.2m 12km southeast of Bald acre BLM Notice of Intent program (3,445m) completed in @ 128.6 g/t silver equivalent (2) Mountain Mine (Kinross) - for 22 drill sites June 2021 to expand shallow- 150k Au oz./yr. oxide, silver-gold discovery
8
SELENA Silver Equivalent Grade Thickness Map Sonic
Target
BV-9
16.8m @ 6.7 g/t Ag,
0.2 g/t Au New
District-Scale Potential SE21-032 & 033
SE21-030 & 031
Pending
(historic) Discovery Broken Egg
Target
Pending
Alligator Ridge Bald Mountain
Kinross Gold Kinross Gold Trench #4 Revival Target
38.1m @ 51.5 g/t Ag,
0.7 g/t Au
35km² Project Boundary
SE21-034
Pending
SE21-035
Pending
SE20-014
SE21-025 SE21-023 48.7m @ 71.8 g/t Ag,
0.2 g/t Au
44.2m @ 123.2 g/t Ag
0.1 g/t Au
Butte Valley SE21-024
Cu-Au Porphyry 10.7m @ 194.0 g/t Ag,
SE21-036
0.3 g/t Au Pending
SE20-021
44.2m @ 75.6 g/t Ag,
Selena 0.2 g/t Au
Golden Butte (1) SE21-027
Pending
NevGold
AgEq = Ag + (Au * 72), no recovery factor applied Grade Thickness = AgEq * Intercept Thickness (m)
9
SELENA
X-Section A-A’
Looking Northwest
SE20-002
A’
SE20-006
SE20-003
SE20-007
BV-34
Historic
48.7m
A @ 88.4 g/t
12.2m @ 141.0 g/t Trench #5
Incl: 3.0m @ 486.8 g/t Trench #4
56.4m @ 68.1 g/t
25.9m 38.1m @ 102.6 g/t
30.5m @ 30.2 g/t
@ 45.4 g/t
42.6m
1.5m @ 51.2 g/t
24.4m @ 101 g/t
@ 20.6 g/t (EOH)
47.2m Oxide mineralization outrcops at surface
@ 30.5 g/t
Juniper
Legend
AgEq (g/t) Stratigraphy
m
Assay Composite = X.Xm @ X.X g/t AgEq
m Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• No recovery factor applied
10
SELENA
X-Section B-B’
Looking Northwest
B’
24.4m
SE21-024
B 24.4m 10.7m @ 194.0 g/t Ag
@ 2.5 g/t
No
@ 1.5g/t Significant
Historic DDH
0.3 g/t Au, 2.0% Pb, Values
1.7% Zn
SE20-16 did not
adequately test
target
High-grade Ag-Pb-Zn intercepts in 2021
drilling highlight potential at depth
SE21-025
44.2m @ 123.2 g/t Ag
0.1 g/t Au, 2.0% Pb,
0.6% Zn
m
Legend
AgEq (g/t) Stratigraphy
Assay Composite = X.Xm @ X.X g/t AgEq
m
Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• No recovery factor applied11
SELENA
X-Section C-C’
▪ Chainman Shale and Joanna Limestone contact is weakly tested across the property and is a regional host rock to multiple
past and currently producing gold mines
Looking Northwest
SE21-027
(Projected on Section) C’
C
No
Significant
71.6m Values
@ 31.8 g/t
13.7m
@ 10.6 g/t
44.2m
@ 91.4 g/t
Aurym
Assays Pending
Legend
m
Assay Composite = X.Xm @ X.X g/t AgEq AgEq (g/t) Stratigraphy
m
Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• no recovery factor appliedSonic Target 12
SELENA
SE21-025 2020
BV Porphyry 44.2m @ 123.2 g/t Ag Ag-Au Discovery
Cu-Au 0.1 g/t Au, 2.0% Pb,
Evolving Geologic Model 0.6% Zn
Juniper Target
BV-16 SE21-024
10.7m @ 194.0 g/t Ag
0.3 g/t Au, 2.0% Pb,
New
▪ 2021 drilling has intercepted high-grade Ag-Pb- BV-06 Claims
1.7% Zn
Zn mineralization at depth in holes SE21-024
and SE21-025
▪ The Selena mineralized system appears to be
connected to the larger metal zonation pattern
of the Butte Valley Cu-Au porphyry system
located directly west of the property boundary
▪ Highlights potential for discovery of multiple
deposit types including polymetallic carbonate
replacement (Ag-Pb-Zn) and porphyry/skarn
(Cu-Au)High Sulfidation Epithermal 13
Disseminated Au-Ag ± Cu
SELENA
Porphyry Zonation
High Sulfidation
Lode Cu-Au ± Ag
▪ Mineralization at Selena exhibits Base of Lithocap
porphyry zonation characteristics with
Distal Au
Ridgeline drilling to date defining: Skarn
▪ Shallow-oxide, sediment hosted
Sediment
Ag-Au mineralization located at Subepithermal
Vein Zn-Cu-Pb-
Hosted
Ag-Au Au-As ± Sb ± Hg
2020 discovery Marble
Front
Porphyry
▪ Carbonate replacement (CRD) Cu ± Au ± Mo Proximal
Cu-Au Skarn
type mineralization on the 1km Butte Valley Selena Exploration
Equivalent
western margins of the known Targets
discovery 1km
▪ Future exploration will focus on
(Modified from Sillitoe, 2010)
growing the high-grade CRD footprint
to the west towards Butte Valley14 OUR PROJECTS Carlin-East 35 km2 Carlin Trend Land Package High-Grade Underground Au Target Click Here 100% OWNED F U L LY P E R M I T T E D DRILLING IN 2021 S T R AT E G I C L A N D P O S I T I O N 100% owned land package in the Fully permitted and Bonded Drill program (3,000m) starting On-strike of the NGM owned Leeville mine(1) heart of the Carlin Trend 5.0 acre BLM Notice of Intent in June 2021 will test high- Recent North Leeville Discovery: 23.3m @ 32.6 Carlin-East (BLM Claims) exploration permit priority Crash Zone Target g/t Au in CGX-00076A(6)
1
Bell Creek ) 5
CARLIN-EAST
Crash
Zone CE21-003
B B
Strategic Land Position CE19-002
CE19-001
▪ ~4.5km north of and on-strike of the
Nevada Gold Mines operated Leeville- Carlin-East
Turf mine(1)
Leeville
▪ ~3.5km north of the North Leeville Corridor
discovery (announced Q2, 2020) 12.3m @ 18.3 g/t
CGX-20079
The Crash Zone target
▪ 23.3m @ 32.6 g/t Au in CGX- 23.3m @ 32.6 g/t
and 3.7m @ 9.0 g/t
31.4m @ 1.04 g/t
CGX-20081
is directly on trend of
CGX-00076A (Q2 result)
the North Leeville
00076A starting at 827m(6) 3.1m @ 7.1 g/t
Emerging high-
grade centers
Discovery
CGX-20077 (Nevada Gold Mines)
▪ 32.9m @ 16.9 g/t Au in CGX-
32.9m @ 16.9 g/t A A’
20078(6) Proposed Ridgeline DDH
CGX-20078
CGX-20083
▪ North Leeville discovery is now listed a Ridgeline DDH (2019)
(pending results)
top priority exploration development
Modified from Barrick Q4, 2020 report(6)
asset at NGM with multi-million-ounce
growth potential (6)1
X-Section A-A’ – Leeville-Turf Deposit 6
Leeville-Turf
Renewed Exploration Focus
▪ Nevada Gold Mines began drilling the
northern extension of the Leeville-Turf
deposit in 2020 (see x-section A-A’)
▪ North Leeville discovery is ~1km to the
north and hosted along the same Four
Corners fault zone that host Leeville-
Turf
▪ Ridgeline’s 3,000m drill program (June
2021) at the Crash Zone will target the
Four Corners fault zone where it the
same Lower-Plate host rocks as North
Leeville Modified from Barrick Gold Q3, 2020 Investor Day report (7)17
CARLIN-EAST
High-Grade Gold Target18
OUR PROJECTS
Bell Creek
5 km2 Carlin Trend Land Package
High-Grade Underground Au Target
Click Here
100% OWNED PERMITTING DRILLING IN 2020 S T R AT E G I C L A N D P O S I T I O N
Lease with option to Executed surface access Nevada Gold Mines recently Shared boundary with the Banshee-Ren
purchase 100% of the agreement with Nevada Gold drilled Sinkhole Breccia target deposit and adjacent to the Goldstrike and
private mineral rights Mines – May 2021 located ~250m west of property Rodeo-Meikle deposits
boundary19
BELL CREEK
Strategic Mineral Rights
▪ Nevada Gold Mines (NGM) drilled the
Sinkhole Breccia target at the Ren
Property (leased from Ely Gold) in Q3,2020
)
▪ Located ~250m west of Bell Creek Sinkhole
Breccia
▪ 24 Zone at Ren includes historic
intercepts of 42.7m @ 32.6 g/t Au in RU-
24C
▪ Potential for future discoveries to Proposed Ridgeline DDH
extend onto Ridgeline ground NGM Drill Rig (Q3, 2020)
(approximate location)
▪ Ely Gold - Ren Royalty (3.5% NPI, 1.5%
NSR) valued at US $41M @ NPV 7% (5) by
Source: Modified from Ely Gold Corporate Presentation (5)
Jacques Wortman (Laurentian Bank)Ridgeline VP Exploration, Mike Harp with Nevada Gold 20
Mines drill rig in the background
BELL CREEK
Sinkhole Breccia
Target
What Next?
▪ Baseline geologic data collection including
geophysics and surface geochemistry ~250m
planned for Q3-Q4, 2021
▪ Ridgeline to continue analyzing NGM drill
results through public disclosure
▪ Potential for additional NGM exploration
catalysts from exploration in the Ren
deposit area21
OUR PROJECTS
Swift
50 km2 Land Package
High-Grade Underground Au Target
Click Here
100% OWNED F U L LY P E R M I T T E D DRILLING IN 2020 S T R AT E G I C L A N D PA C K A G E
100% owned(5) land positioned in 5.0 acre BLM Notice of 3,000m Phase I drill program District-scale land package ~7km NW of
the Cortez district of the Battle Intent (NOI) exploration intersected the Wenban formation the Nevada Gold Mines owned Pipeline,
Mtn.-Eureka Trend permit approved in August (Cortez district host rocks) Cortez Hills, Goldrush and Fourmile
2020 deposits(1)22
OUR PROJECTS
Cortez District Stratigraphy
Cortez District Swift
Gold Zones Host Rocks
Cortez Complex includes the Pipeline, Cortez Hills and Goldrush deposits (6)23
SWIFT
District-Scale Property
75km² Land Package
▪ 2020 drill program at the Fallen
City target intersected narrow
Historic DDH
gold-silver intercepts within (Too Shallow)
highly prospective Wenban MCK-99-5A
18.3m @ 0.65 g/t Au
Formation host rocks at relatively 0.46 g/t Ag
(Historic DDH)
shallow depths (~400m) Elder Creek
Mine
▪ Re-interpreted geologic model
highlights high-grade gold
targets to be tested at the Mill Greystone
Mine
Creek and Goat Anticline targets24
SWIFT
Arsenic plume in
Schematic X-Section A-A’ Historic open-pit gold
mine at surface
historic drilling
Looking Northwest
Elder Creek Mine
A’
Projected On Section
A
~2km
0.2m @ 0.22 g/t Au,
860.0 g/t Ag
Goat Anticline
18.3m @ Fallen City Target
0.65 g/t Au, Intrusive
0.46 g/t Ag
Mill Creek
Target LEGEND
Drillhole Trace
Valmy Fm. Hanson Crk. Fm. As ppm
≤25 ≤50 ≤100 ≤150 ≥200 Au – Gold, Ag – Silver, As – Arsenic,
Rodeo Crk. Fm. Intrusive
Drillhole Bar
Wenban Fm. Target Au ppm
≤0.05 ≤0.2 ≤1.0
Roberts Mtn Fm. Normal Fault ≤0.1 ≤0.5 ≥1.025
SUMMARY
Near-Term Catalysts
J U N E - J U LY 2 0 2 1 JUNE-AUGUST 2021 AUGUST-SEPTEMBER 2021
Selena – Phase IV drill Carlin-East – Crash Zone Carlin-East - Crash Zone drill
results drill program (3,000m) results
Upside Potential
▪ Significant growth potential at the Selena shallow-oxide Ag-Au discovery
▪ Potential for Ridgeline to make a high-grade Ag-Pb-Zn discovery at depth
▪ Strategic Carlin Trend land positions at Carlin-East and Bell Creek
▪ North Leeville discovery only 3.5km south of and directly on-trend of Carlin-East property
▪ District-scale discovery potential at Swift
▪ Drilling intersected Wenban Formation limestone (Cortez District host rock – 34.8 Moz. Au (6))866-RDG-NVAU (734-6828) – toll free
TSX-V: RDG | OTCQB: RDGMF Chad Peters , P.Geo info@ridgelineminerals.com
President, CEO & Director
FRA: 0GC0 ridgelineminerals.com27 APPENDIX Carlin-East
28
North Leeville Discovery
Barrick Q3, 2020 Investor Day
Carlin
East
(~3.5km)
Modified from Barrick Gold Quarterly Reporting (7)29
North Leeville Discovery
Barrick Q4, 2020 Report
Multi-million-ounce
growth potential
Modified from Barrick Q4, 2020 report(6)30
North Leeville Discovery
Barrick Q4, 2020 Report
Modified from Barrick Q4, 2020 report(6)31
Ridgeline 2019 Drill Program
Schematic X-Section A-A’
▪ 2019 drilling at Carlin-East confirmed its conceptual geologic model by intersecting Lower Plate Rodeo Creek
Formation in drillhole CE19-001 at 790m downhole
▪ Rodeo Creek was anonymously altered with gold and Carlin-Type pathfinder elements but was lost above target
8,000
A A’ 2440
ft Looking North m
Newmont
7,000 NGM drill tested historic CE19-001 2135
LBB intercepts in 2019
Rodeo U/G
6,000 Pre-mine Surface Newmont Drilling 1830
4 + Moz. Au Projected North on Section Hole TD in Rodeo
Creek Formation
Tmc
5,000 1525
Ovi
Little Boulder Basin
4,000 Stock TD 2,900’ 1220
3,000 915
LBB-0102
2,000 5.9m @ 26.6 g/t Au
610
CE Property Boundary
1,000 LBB-0100
305
Drc
7.6m @ 17.8 g/t Au
Dp
0 Dsr1-3 0 1,000
0
Dsr4
ft.
-1,000 -305
Roberts Mountain Thrust Normal Fault Inferred Normal Fault Ore Body Conceptual Target
Dacite Tmc Carlin Formation Dp Popovich Formation
Lamprophyre Ovi Vinini Formation Dsr1-3 Roberts Mountain Formation Units 1-3
Inferred Intrusive Drc Rodeo Creek Formation Dsr4 Roberts Mountain Formation Unit 432 APPENDIX SELENA
33
SELENA Silver Equivalent Grade Thickness Map Sonic
Target
BV-9
16.8m @ 6.7 g/t Ag,
0.2 g/t Au New
Shallow-Oxide Silver-Gold SE21-030 & 031
Pending
(historic) Discovery Broken Egg
Target
Alligator Ridge Bald Mountain SE21-032 & 033
Pending
Kinross Gold Kinross Gold Trench #4 Revival Target
38.1m @ 51.5 g/t Ag,
0.7 g/t Au
35km² Project Boundary
SE21-034
Pending
SE21-035
Pending
SE20-014
SE21-025 SE21-023 48.7m @ 71.8 g/t Ag,
0.2 g/t Au
44.2m @ 123.2 g/t Ag
0.1 g/t Au
Butte Valley SE21-024
Cu-Au Porphyry 10.7m @ 194.0 g/t Ag,
SE21-036
0.3 g/t Au Pending
SE20-021
Selena 44.2m @ 75.6 g/t Ag,
Golden Butte (1) SE21-027 0.2 g/t Au
Pending
NevGold
AgEq = Ag + (Au * 72), no recovery factor applied Grade Thickness = AgEq * Intercept Thickness (m)34
SELENA
X-Section A-A’
Looking Northwest
SE20-002
A’
SE20-006
SE20-003
SE20-007
BV-34
Historic
48.7m
A @ 88.4 g/t
12.2m @ 141.0 g/t Trench #5
Incl: 3.0m @ 486.8 g/t Trench #4
56.4m @ 68.1 g/t
25.9m 38.1m @ 102.6 g/t
30.5m @ 30.2 g/t
@ 45.4 g/t
42.6m
1.5m @ 51.2 g/t
24.4m @ 101 g/t
@ 20.6 g/t (EOH)
47.2m
@ 30.5 g/t
Skyter
Legend
AgEq (g/t) Stratigraphy
m
Assay Composite = X.Xm @ X.X g/t AgEq
m Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• No recovery factor applied35
SELENA
X-Section B-B’
Looking Northwest
B’
24.4m
B 24.4m @ 2.5 g/t No
@ 1.5g/t 10.7m Significant
Historic DDH @ 213.9 g/t Values
SE20-16 did not
adequately test
target
44.2m
@ 128.4 g/t
m
Legend
AgEq (g/t) Stratigraphy
Assay Composite = X.Xm @ X.X g/t AgEq
m
Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• No recovery factor applied36
SELENA
X-Section C-C’
▪ Chainman Shale and Joanna Limestone contact is weakly tested across the property and is a regional host rock to multiple
past and currently producing gold mines
Looking Northwest
SE21-027
(Projected on Section) C’
C
No
Significant
71.6m Values
@ 31.8 g/t
13.7m
@ 10.6 g/t
44.2m
@ 91.4 g/t
Aurym
Assays Pending
Legend
m
Assay Composite = X.Xm @ X.X g/t AgEq AgEq (g/t) Stratigraphy
m
Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• no recovery factor applied37
SELENA
X-Section D-D’
Looking Northwest
D’
16.7m
@ 13.0g/t
D 16.8m @
17.0 g/t
16.8m (Historic)
@ 25.0 g/t
(Historic)
7.6m
@ 13.1 g/t
(too shallow)
Buried Intrusion
(Unknown Age)
Skyter
Legend
AgEq (g/t) Stratigraphy
Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• no recovery factor applied38
SELENA
Inclined Long Section E-E’
SE21-027
(Pending)
SE21-029
(Pending)
E
SE21-034
E’
SE21-033
(Pending) (Pending) SE21-032
SE20-010 SE20-021 (Pending)
3.0m @ 81.9 g/t SE21-036 44.2m @ 91.4 g/t SE21-035
SE20-019 (Pending) BV-09
(Pending) SE21-025 16.8m @ 25.0 g/t
71.6m @ 31.8 g/t 44.2m @ 128.4 g/t
SE21-024 (Historic)
10.7m @ 213.9 g/t
Legend
AgEq (g/t) Stratigraphy
Ag-Au Zone
• Silver Equivalent (AgEq) = Ag + (Au * 72)
• no recovery factor applied39 APPENDIX SWIFT
40
SWIFT
2021 Property Acquisition
Historic DDH
(Too Shallow)
MCK-99-5A
18.3m @ 0.65 g/t Au
0.46 g/t Ag
(Historic DDH)
Elder Creek
Mine
Greystone
Mine41
SWIFT
Gold Soils Contours
Surface soils anomalies in Au-As-Sb highlight
covered targets at the Mill Creek and Goat
Anticline targets
Historic DDH
(Too Shallow)
MCK-99-5A
18.3m @ 0.65 g/t Au,
0.46 g/t Ag
(Historic DDH)
Elder Creek
Mine
No Soils Data
Greystone
Mine42
SWIFT
Arsenic Soils Contours
4km long As anomaly at Mill Creek with values
up to 1,400 ppm As centered over a single
historical drill intercept in MCK-99-5A
Historic DDH
(Too Shallow)
MCK-99-5A
18.3m @ 0.65 g/t Au,
0.46 g/t Ag
(Historic DDH)
Elder Creek
Mine
No Soils Data
Greystone
Mine43
SWIFT
Antimony Soils Contours
Historic DDH
(Too Shallow)
MCK-99-5A
18.3m @ 0.65 g/t Au,
0.46 g/t Ag
(Historic DDH)
Elder Creek
Mine
No Soils Data No Soils Data
Greystone
Mine44
SWIFT Gravity Geophysics
Gravity Geophysics
Residual Layer
▪ Gravity geophysics highlighted shallow Shallow host
rocks
carbonate rocks in previously untested Wenban Fm.
(400m)
target area
Wenban Fm.
(727m)
▪ DDF fault zone is interpreted as a major
offsetting structure and fluid conduit Recently Staked
No Gravity Data
▪ SW20-001 and SW20-002 intersected
thick intercepts of Wenban Formation
host rocks for the first time at Swift
Au – Gold, Ag – Silver, As – Arsenic, Sb – Antimony
▪ Expanded Gravity survey required to
cover recently staked ground45
SWIFT RTP Magnetic Geophysics
PRJ Magnetics Goat Peak
Stock
RTP Layer
Buried
▪ Magnetics highlight dike swarms along NW Intrusions
structural corridor
Caetano Tuff
▪ Property bounded by Goat Peak Stock
(Tertiary?) to the NW and Gold Acres Stock
(Cretaceous) to the SE
Recently Staked
▪ Large block of Caetano Tuff west of Mill
Creek
Au – Gold, Ag – Silver, As – Arsenic, Sb – Antimony46
SWIFT
Wenban (5) Debris Flow
SW20-002 - Wenban
▪ Wenban 5 debris flow horizon with
pervasive hornfelsing and weak to
moderate decalfication
▪ No significant mineralization
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