swift

Swift is a Carlin-Type gold exploration project located in Lander county Nevada within the prolific Cortez district of the Battle Mountain – Eureka Trend. The claim block is comprised of 785 BLM claims (14,651 acres) and 3,697 acres of private fee ground for a combined total of 18,348 acres or  75 km² and is directly adjacent to the historic Elder Creek open-pit mine. Numerous multi-million ounce past and currently producing gold mines including the Pipeline, Cortez Hills, Fourmile and Goldrush deposits are located downtrend of Swift along the Cortez Structural Corridor. Ridgeline’s Phase I drill program in 2020 intersected altered and locally mineralized Wenban formation host rocks, which had not previously been identified at the Swift project by historic operators. This was a significant development for the company as the Wenban formation is the primary gold host for all >5.0 Moz. gold deposits across the Cortez District. 

On September 22, 2021, the company announce that it had entered into a transaction with Nevada Gold Mines LLC (“NGM” or “Nevada Gold Mines”), a joint venture between Barrick Gold Corp. and Newmont Corp., pursuant to which NGM can incur a minimum of US$ 20 million (of which US$ 4 million is guaranteed) in qualifying work expenditures over an initial five-year term to earn an initial 60% interest in Swift. NGM will retain further options to increase its interest to a total 75% interest. NGM has assumed operatorship of the project immediately with highlights of the earn-in below:

Quick Facts

Deposit Type

Carlin-Type Gold

exploration target

High-Grade Gold – Silver  (Underground Target)

previous explorers

Placer Dome, Phelps Dodge, Minterra, Barrick

Historic Production/Resource

No

Geochemistry

Soil sampling grid, rock chips, trench sampling

Geophysics

Gravity Survey, PRJ airborne magnetics, 3D magnetics inversion

Geology

Upper Plate Valmy Formation overlying Lower Plate Horse Canyon, Wenban and Roberts Mountain formations.

Mapping

1:24,000 scale USGS map, reconnaissance outcrop mapping

Ridgeline Drilling

Historic drilling tested the footwall of the DDF fault zone approximately 1.5 km east of MCK-99-5A and intersected Lower Plate host rocks of the Wenban, Roberts Mountain and Hanson Creek formations starting at 400m with highlight intercepts of:

SW20-002

  •  0.2 m grading 0.22 g/t Au and 860 g/t Ag starting at 872.5m 
  • 0.9 m grading 0.55 g/t Au and 6.6 g/t Ag starting at 926.5 m

 

Historic Drilling

Historic drilling intersected Lower Plate host rocks of the Wenban and Roberts Mountain formations starting at 727m with a highlight intercept of:

MCK-99-5A

  • 18.3m @ 0.65 g/t Au, 0.46 g/t Ag starting at 727m
      • Including: 6.1m @ 1.31 g/t Au, 0.48 g/t Ag