02:51 PM EDT, 07/30/2025 (MT Newswires) -- Ridgeline Minerals ( RDGMF ) was edging lower Wednesday afternoon as it announced the commencement of a 6,000-meter program at its Swift gold project, currently being operated under an exploration earn-in agreement with Nevada Gold Mines.

The company, in noting that Nevada Gold Mines approved a 2025 exploration budget of up to US$5 million, said the drill program will "build off the success" of the 2024 framework drilling campaign where both holes delivered "significant" gold intercepts in the SW Swift target area including 1.1 meters grading 10.4 grams per tonne (g/t) gold (Au) within 2.7m grading 7.0 g/t Au in SW24-006 and 24.7m grading 0.5 g/t Au in SW24-007.

At the SW Swift Target, the company said that four of the five holes are planned to test along strike of previous high-grade gold intercepts at the "projected intersection of cross cutting fault zones where they intersect a modeled fold hinge," on the hanging wall side of the Mill Creek thrust.

Ridgeline Minerals ( RDGMF ) said that the fifth hole at the Mill Creek Target will step several kilometers to the north of SW Swift and test favourable Wenban formation limestones along the hanging wall side of the Mill Creek thrust.

"Swift continues to be a core asset in our exploration portfolio and represents just under 50% of our $11M exploration budget in 2025," said Ridgeline Minerals' ( RDGMF ) President, Chief Executive Officer and Director, Chad Peters. "The Nevada Gold Mines teams' systematic approach to deep exploration at Swift yielded the first ever high-grade gold intercept in our 2024 program, and we are very excited to see the results of this aggressive drill campaign in 2025."

The company's shares were last seen down $0.01 at $0.18 on the TSX Venture Exchange.

Price: 0.18, Change: -0.01, Percent Change: -5.26