Snowline GOLD Discovers New Rirgs Target Near Its Valley Deposit and Provides 2025 Field Program Update
SNOWLINE GOLD DISCOVERS NEW RIRGS TARGET NEAR ITS VALLEY
DEPOSIT AND PROVIDES 2025 FIELD PROGRAM UPDATE
• New reduced-intrusion related gold system, “Celestic,” discovered at surface roughly
27 km from Valley and 5 km from existing heavy equipment winter trail
• Discovery highlighted by selective grab samples of up to 11.7 g/t Au and an outcrop
chip sample of 1.09 g/t Au over 4.0 m from zones of densely sheeted quartz veins
exposed at surface
• Snowline’s broader 2025 field program advancing ahead of schedule, with >11,000 m
drilled to date on three targets alongside an expanded development-focused program to
support future technical studies and permitting.
Vancouver, B.C., July 2, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (US OTCQB:
SNWGF) (the “Company” or “ Snowline”) is pleased to announce discovery of a reduced -
intrusion related gold system (“RIRGS”) on its Cynthia Project, Yukon, roughly 27 km
southwest of its Valley gold deposit (“Valley”) on the adjacent Rogue Project (Figures 2 & 3).
The “ Celestic” target covers several zones of gold-bearing, densely sheeted quartz veins
exposed in a 4.5 x 3 km granodiorite intrusion. Selective grab samples of quartz vein material
returned up to 11.7 g/t Au, while a continuous 4.0 m chip sample across an exposed outcrop
returned 1.09 g/t Au (Figure 1). Subject to additional follow up, the Celestic target may see
initial drilling in 2025 as Snowline advances its largest field program to date.
“That we are still finding large, exposed, untested, and previously unknown reduced-intrusion
related gold systems near our flagship Valley deposit highlights the underexplored nature of
this prospective district,” said Scott Berdahl, CEO & Director of Sno wline. “I would like to
commend Snowline’s field teams for their ongoing work in advancing and expanding our
pipeline of regional targets on our 100%-owned, 3,600 km2 Yukon mineral claim position. We
are excited by the demonstrated fertility of this region as we continue to uncover compelling
new targets, and of course by the opportunity to test these targets for the very first time.”
2025 FIELD PROGRAM UPDATE
Drilling: Snowline’s 2025 drill program is proceeding ahead of schedule, with five drills
turning and over 11,000 m completed to date in 28 holes on three targets. Over 8,000 m of this
drilling has been completed around Valley, primarily as step-outs sampling previously untested
locations within the broader Valley intrusion and as infill drilling aimed at converting inferred
mineral resources to indicated mineral resources or higher. Roughly 2,500 m has been
completed at the Einarson Project’s Jupiter target. An additional 500 m has been completed as
part of a Phase I drill program on the Einarson Project’s Neptune target, the first ever drill
testing of a roughly 30 km zone of elevated to anomalous gold in talus fines and soils associated
with a regional -scale faulted anticline. Subsequent regional drilling will focus primarily on
RIRGS targets on the Rogue and Cynthia projects.
Valley Development: Snowline has expanded the scope of its 2025 field program to support
advancement of Valley towards a Prefeasibility Study and permitting. The expanded program
includes:
• Surficial mapping, test pitting, sonic drilling and passive seismic surveying to
characterize overburden around Valley and at potential infrastructure locations
• geotechnical drilling to improve understanding of pit constraints
• geochemical and metallurgical testing to inform processing refinements and
reclamation considerations
• hydrometric monitoring and hydrogeological testing to further characterize surface and
groundwater
• expanded wildlife surveying to inform permitting baselines, and
• LiDAR surveying across the broader project footprint to inform engineering work.
CELESTIC TARGET, CYNTHIA PROPERTY
The Celestic target is a newly discovered RIRGS with a Valley -type signature characterized
by quartz-sheeted veins hosted within a 4.5 x 3 km multiphase granodioritic intrusive. The
target covers at least five areas of densely sheeted quartz veins. It is located roughly 1 km and
3 km southwest of Snowline’s “Intersection” and “Sydney” targets on its Cynthia Project,
Yukon and 27 km southwest of Valley. The Plata winter trail, a potential future access route
Figure 1 – Site photos from Celestic , with locations A -D shown in Figure 2 below. A) 11.7 g/t quartz -carbonate vein specimen with associated
bismuthinite. B-D) Outcrops of densely sheeted veins, with multiple overlapping vein orientations. A chip sample denoted by the red line across
outcrop B (total length: 4.0 m) returned 1.09 g/t.
for Valley in the Rogue Project Preliminary Economic Assessment 1, runs within 5 km of the
target.
Regional geochemical sampling shows elevated to anomalous gold and bismuth values in
stream sediments across multiple drainages originating from the intrusion. Follow -up
prospecting revealed multiple zones of sheeted quartz veins typical of RIRGS mineraliz ation,
including a 500 x 400 m area with vein densities >10/m, often with multiple orientations
present. Initial results are considered by the Company to be encouraging; of 74 samples taken,
14 returned >0.1 g/t Au, averaging 1.4 g/t Au . Continuous sampling yielded channel samples
of 4.0 meters at 1.09 g/t Au, together with selective samples of bismuthinite-bearing quartz
vein material assaying up to 11.7 g/t Au. The sheeted vein corridor, characterized by gold -
bismuth-tellurium-tungsten anomalies, is open in all directions.
1 See news release dated June 23, 2025 available under the Company’s profile at www.sedarplus.com and on the
Company’s website at www.snowlinegold.com
Figure 2 – Overview map of the Celestic target , located within a mid -Cretaceous aged granodiorite intrusion. Zones of densely
sheeted veins occur over an area of at least 4 x 1.5 km within the broader corridor and remain open. Letters A-D denote photograph
locations in Figure 1 above. The Intersection target is located immediately northeast of the intrusion and has seen limited historical
(2010) drilling, but earlier prospecting efforts did not extend into the intrusion.
STOCK OPTIONS, DEFERRED SHARE UNITS AND RESTRICTED SHARE UNITS
Snowline also announces that it has granted a total of 300,000 stock options, 60,000 Deferred
Share Units ("DSUs"), and 150,000 Restricted Share Units ("RSUs") to certain employees and
a director pursuant to its Omnibus Incentive Plan.
The stock options have an exercise price of C$8.64, vest 20% each six months starting six
months from the grant date and expire after five years. The RSUs vest 100% in three years
from the grant date. The DSUs vest immediately upon grant and are payable u pon the holder
ceasing to be a director of the Company.
Figure 3 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia
and Olympus. The Celestic target is located on the Cynthia Project, roughly 27 km southwest of Valley and 5 km
northeast of the Plata Winter Trail.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company
with mineral claim portfolio covering roughly 360,000 ha (3,600 km 2). The Company is
advancing its Valley gold deposit—a large, low -strip, near surface, >1 g/t Au bulk tonnage
gold system located in the easter n Yukon—while continuing regional exploration of
surrounding targets on the Rogue Project and the broader district in the highly prospective yet
underexplored Selwyn Basin.
Valley hosts an open mineral resource estimate of 7.94 million ounces gold at 1.21 g/t Au
Measured and Indicated and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au, as
outlined in a May 15, 2025 news release2. Results of a preliminary economic analysis on Valley
suggest the potential for the deposit to support a long -life mining operation with a strong
production profile and low production costs, as outlined in a June 23, 2025 news release.
Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple
million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The
Company’s comprehensive first-mover position and extensive exploration databas e provide a
distinct competitive advantage and a unique opportunity for investors to be part of multiple
discoveries, the advancement of a significant gold deposit, and the creation of a new gold
district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Sergio
Gamonal, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the
purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
2Mineral resources are not mineral reserves and do not have demonstrated economic viability. The estimate of mineral
resources may be materially affected by metal prices, economic factors, environmental, permitting, legal, title, or other relevant
issues. The mineral resource estimate has a cut-off grade of 0.30 g/t gold.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements about the
Company’s work programs, results, surface work , advancement of studies and permitting,
mineral resource estimates, projected mining plans costs, projected life of mine, and plans for
exploring and expanding a new greenfield, district -scale gold system. Wherever possible,
words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”,
“believe”, “estimate”, “predict” or “potential” or the negative or other variations of these
words, or similar words or phrases, have been used to identify these forward -looking
statements. These statements reflect management’s current beliefs and are based on
information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many
factors could cause actual results, performance or achievements to differ materially from the
results discussed or implied in the forward -looking statements. Such fact ors include, among
other things: risks related to uncertainties inherent in drill results and the estimation of mineral
resources; and risks associated with executing the Company’s plans and intentions. These
factors should be considered carefully , and rea ders should not place undue reliance on the
forward-looking statements. Although the forward -looking statements contained in this news
release are based upon what management believes to be reasonable assumptions, the Company
cannot assure readers that actu al results will be consistent with these forward -looking
statements. These forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.