Snowline GOLD Introduces 100% Owned Ursa GOLD, Silver and Base Metals Project
SNOWLINE GOLD INTRODUCES 100% OWNED URSA GOLD, SILVER AND BASE
METALS PROJECT
• 9 kilometre trend of elevated to anomalous gold geochemistry associated with
pyrite in black shales
• Geologic setting analogous to Sukhoi Log (67 Moz Au) gold deposit
• Separate, 14 kilometre multi-element silver and base metal trend with stream
sediments to 3.4% Zn
Vancouver, B.C., May 13, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “Company” or “ Snowline”) is pleased to introduce its 100% owned, 7,755
hectare Ursa gold and base metals project in the Selwyn Basin, Yukon Territory. Ursa covers
two distinct geochemical trends: a 9 km trend of elevated to anomalous gold in stream sediment
and soil samples, and a roughly parallel 14 km trend of elevated to highly anomalous zinc
accompanied by elevated silver, copper, molybdenum, nickel and vanadium. The Selwyn Basin
is home to world-class base metal districts such as Howard’s Pass (423 Mt @ 4.8% Zn, 1.6%
Pb1) and the Anvil district ( 120 Mt @ 5.6% Zn, 3.7% Pb, 45 g/t Ag 2), both in similar
stratigraphy to that of Ursa, and it is an important host to several types of gold deposit.
“Ursa adds a new dimension to Snowline’s exploration story,” said Scott Berdahl, Director and
Chief Operating Officer at Snowline Gold. “The project covers two unique new target types in
our prospective corner of the Selwyn Basin, each demonstrating a very large-scale mineralizing
system. Although they are early stage, the proximity of Ursa to our flagship Rogue and
Einarson exploration programs affords us an opportunity to efficiently test the potential of these
big, blue-sky concepts.”
Gold Target
The east side of the Ursa property covers a 9 -kilometer trend of elevated gold in stream
sediments and soils in a sequence of heavily folded carbonaceous black shales and cherts. Gold
was discovered in black shale hosted pyrite nodules by a previous operator searching for
Carlin-style targets. No major carbonate units were encountered, but subsequent analysis of
field data by Snowline’s technical team determined that Ursa’s geological setting is similar to
Russia’s Sukhoi Log deposit (67 Moz Au at 1.9 g/t3), in which gold is hosted in pyritic nodules
and masses. The carbonaceous, passive margin shales in both areas have been compressed into
a tight anticlinorium and later intruded in the ir vicinities by felsic plutons . A t Ursa, these
plutons are members of the Tombstone plutonic suite that drive the intrusion-related gold
targets at Rogue. There has been very little, if any, previous exploration for this deposit type in
the Selwyn Basin.
Base Metal Target
The west side of the Ursa property covers a 14-kilometer trend of elevated to highly anomalous
zinc, silver, copper, molybdenum, nickel and vanadium thought to be associated with Devonian
age enriched black shales. Of 45 historic stream sediment samples draining the length of the
trend, 44 returned concentrations exceeding 0.1% Zn, with 8 of these samples exceeding 1%
Zn to a maximum of 3.4% Zn. Concentrations of up to 0.48% Ni, up to 0.18% Cu and up to
118.5 ppm Mo were also returned by this stream sediment sampling along the trend. Historic,
first-pass contour soil sampling along a subsection of the trend revealed a zone 500 m to 1,500
m wide along the length of the 6.7-kilometer subsection wherein soils consistently exceed 5 g/t
Ag. A 2.7 kilometer -long, 43-sample contour soil line within this subsection had a median
concentration of 14.8 g/t (0.43 oz/ton) silver.
2021 Exploration
Ursa’s proximity to Snowline’s flagship Rogue and Einarson projects allows for efficent
exploration during the 2021 field season. Geochemical sampling, prospecting and mapping are
planned to better understand the sources of the gold and base metal anomalies. Based on these
results, geophysical surveying, surface trenching and initial drill testing may be conducted later
in the season.
Figure 1: The 100% -owned Ursa project covers roughly 7,755 hectares in the Selwyn Basin and is within 20 kilometers of
exploration targets on Snowline’s adjacent Rogue and Einarson properties.
YUKON
EINARSON
ROGUE
URSA
YUKON
NWT
Conrad/Osiris (ATAC Resources)
1.69 Moz gold @ 4.2 g/t Au
Map
Area
1Source: Yukon Minfile 105I 068, combined indicated and inferred global resource.
2 Source: Porter Geoscience Database Faro – Anvil, Vangorda, Grum, DY, Swim, combined global resource
based on figures from relevant Yukon Minfiles.
3 Source: Polyus website, measured, indicated and inferred resources for Sukhoi Log.
Resource figures presented are based on publicly available information and have not been verified by
Snowline. They should not be interpreted as direct evidence that similar deposits exist on the Ursa property.
Qualified Person
Information in this release has been reviewed and approved by Scott Berdahl, P. Geo., Chief
Operating Officer of Snowline and a Qualified Person for the purpose of NI 43 -101. Berdahl
oversaw soil sampling on the western side of the current Ursa property in 2013 and conducted
a small prospecting program on the eastern side in 2008 which identified gold -bearing pyrite
nodules. While he has not directly verified additional geochemical results, they appear to have
Figure 2: The northeast half of the Ursa project covers a broad zone of elevated to anomalous gold in historic stream sediment
samples (gold triangles) and soil samples (gold circles) following a tightly folded anticlinorium along 9 km. The southwest half
of Ursa covers a pronounced multi-element silver and base metal anomaly in a synclinorium in the footwall of the regional
Elmer Creek thrust fault across 14 km. Zinc concentrations in historic stream sediments (pink triangles) consistently exceed
0.1% Zn along the trend, with 8 sites exceeding 1% Zn to a maximum of 3.4% Zn. Historic, first pass soil sampling confirmed
the multi -element anomaly and returned silver concentrations (white/grey circles) commonly in excess of 5 g/t Ag, to a
maximum of 26 g/t Ag, along near ly 7 km of the trend and across a 500 m to 1,500 m width . Historic data in the figure are
partitioned to show gold values in the northeast and zinc/silver values in the southwest.
been collected following industry best practice s and are thus likely reliable as a general
indicator of geochemical anomalism for early-stage exploration.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project
portfolio covering over 90,000 ha. The Company is exploring its flagship 72,000 ha Einarson
and Rogue gold projects in the prospective yet underexplored Selwyn Basin , with drilling
expected to commence in mid -2021. Snowline’s projects all lie in the prolific Tintina Gold
Province that hosts multiple million -ounce-plus gold mines and deposits, from Kinross’ Fort
Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a
unique opportunity to explore and expand a new greenfield, district-scale gold system.
ON BEHALF OF THE BOARD
Nikolas Matysek, B.Sc. (Geol)
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1-778-228-3020
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements about the
Company reviewing its newly acquired project portfolio to maximize value, reviewing options
for its non -core assets, includi ng targeted exploration and joint venture arrangements,
conducting follow -up prospecting and mapping this summer 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 read ers 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 actua l 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.