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Vancouver, British Columbia--(Newsfile Corp. - July 17, 2023) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce that it has entered into a transaction with Nevada Gold Mines LLC ("NGM" or "Nevada Gold Mines"), a joint venture between Barrick Gold and Newmont Corp., pursuant to which NGM can acquire an interest in Ridgeline's Carlin-East gold project ("Carlin-East"); a 19.5 square kilometer land package located directly on-trend of NGM's Fallon discovery (previously North Leeville) to the north of the Leeville mine in the prolific Carlin-Trend mining district of Nevada (Figure 1). NGM can incur a minimum of US$4.5 million (of which US$1.5 million is guaranteed) in qualifying work expenditures over an initial five-year term to earn an initial 60% interest in Carlin-East and will have further options to increase its interest to a total 75% interest as outlined below. NGM will assume operatorship of the project immediately. Highlights of the proposed earn-in agreement are outlined below.
Ridgeline Minerals Executes Exploration Earn-In Agreement with Nevada Gold Mines at the Carlin-East Gold Project, Nevada (newsfilecorp.com)