Snowline GOLD Announces Listing ON TSX Venture Exchange and Outlines 2023 Rogue Project Field Program
SNOWLINE GOLD ANNOUNCES LISTING ON TSX VENTURE EXCHANGE AND
OUTLINES 2023 ROGUE PROJECT FIELD PROGRAM
• Snowline has initiated process to list on the TSX-V to offer enhanced value for
existing shareholders by raising the company’s profile and to provide greater
exposure to domestic and global markets
• C$14.2M exploration program is planned for Rogue in 2023, with the dual objectives
of advancing the Valley discovery and making additional drill discoveries on high-
priority intrusion-related gold targets
• Snowline will complete an updated NI 43-101 technical report on its Rogue project in
Yukon, Canada within 120 days of listing as part of the listing process
• This news release contains a summary of material results and work completed since
the latest NI 43-101 technical document in December 2020.
Vancouver, B.C., May 2, 2023: SNOWLINE GOLD CORP. (CSE: SGD) (OTCQB:
SNWGF) (the “Company” or “Snowline”) is pleased to announce approval to list on the TSX
Venture Exchange (the “ TSX-V”) following satisfaction of regulatory requirements. The
common shares of the C ompany will be de-listed from the Canadian Securities Exchange at
the close on Wednesday, May 3rd and commence trading on the TSX-V under the symbol SGD
at the open on Thursday, May 4th. The move is set to improve Company visibility to domestic
and international capital markets, providing a means of expanding its investor base and further
realising the value of the gold discoveries within Snowline’s Yukon Territory property
portfolio.
“We are looking forward to working with the TSX -V and a broader community of potential
investors as our company continues to grow,” said Matt Roma, Snowline’s CFO. “In addition,
we would like to thank the Canadian Securities Exchange for providing a superb foundation
for our efficient launch along with the market platform that allowed us to make Snowline what
it is today.”
As part of the TSX-V listing requirements, Snowline will complete an updated NI 43 -101
technical report on its Rogue project in the Yukon, Canada within 120 days of listing. The most
recent technical report on the property (Effective date: December 10, 2020) was written prior
to the creation of Snowline through a reverse takeover arrangement that secured ownership of
Rogue and other Yukon properties. Since commencement of trading on the Canadian Securities
Exchange as SGD on March 1, 2021 , Snowline has significantly grown and advanced Rogue
on the back of a major gold discovery , which will be detailed in the updated technical report.
Later in this release, Snowline provides a summary of relevant activities completed to date.
ROGUE PROJECT - 2023 EXPLORATION PLANS AND BUDGET
Snowline is preparing for a 15,000+ metre drill program for the 2023 field season at Rogue.
Three drills are currently winterized at Valley zone on the Rogue property. The company plans
to initiate drilling near the end of May and to have all three drills turning by early June.
Approximately 10,000+ metres will be allocated to a Phase III drill program advancing the
geological understanding of Valley and further delineating the at-surface, high-grade (1 g/t Au
to > 4 g/t Au) zone encountered in the 2022 drill campaign, while testing, where practical, for
potential extensions of the high -grade gold system at depth. Another 2,000+ metres are
allocated to a Phase II drill program at Gracie, with the goals of locating the Gracie intrusion
and consistent gold min eralization within it. The remaining 3,000+ metres of drilling are
allocated to Phase I drill programs at targets Snowline deems to have strong geological merit
to host strong zones of mineralization. Reduced -intrusion related gold systems often occur in
clusters, and the Company has identified multiple targets of this type in the vicinity of Valley.
The drilling amounts above may be subject to refinement based on exploration results as the
season progresses.
Regional stream sediment and extensive soil samp ling will be initiated in early June to assess
targets acquired through property expansions since inception. This early start will provide time
during the field season for follow -up and potential Phase I drilling on areas with promising
results.
Large-scale and target-scale geophysical programs are also proposed for the 2023 field season,
building on Snowline and historical datasets that have proven useful in highlighting alteration,
structures and intrusive bodies in exploration at Rogue to date.
Ongoing environmental baseline studies at Valley and on the broader Rogue project will
continue and will be complemented by progressive reclamation of work sites.
The planned allocation of funds for the 2023 exploration program at Rogue is as follows:
Drilling
Valley Phase III - 10,000 m $8,000,000
Gracie Phase II - 2,000 m $1,600,000
Other Targets Phase I - 3,000 m $2,400,000
15,000 m $12,000,000
Surface and Regional
Surface Geochemistry Soil, silt and rock sampling $675,000
Geophysics Surface and/or airborne surveys $500,000
Geological Mapping and prospecting $145,000
$1,320,000
De-Risking and Support
Environmental Water quality, wildlife, reclamation, etc. $400,000
Technical Advancement Metallurgy, deportment, etc. $175,000
Project Support Camp & infrastructure $300,000
$875,000
TOTAL $14,195,000
Additional work, including Phase I drill ing, is planned on other Snowline projects outside of
Rogue during the 2023 season. Details will be outlined in a future release.
WORK COMPLETED AT ROGUE SINCE MOST RECENT NI 43-101 TECHNICAL
DOCUMENT
“What we have accomplished as a team in two short field seasons at Rogue is nothing short of
remarkable,” s aid Thomas Branson, Snowline’s Vice President of Exploration. “Through
Snowline’s brand of principled, values -driven exploration, we advanced a set of prospecting
discoveries and a regional conceptual model to the drill disco very and partial delineation of a
significant greenfields gold discovery. We will continue to add to our understanding of Rogue’s
Valley discovery and the broader Rogue project with the dual goals of expanding on our known
discoveries at Rogue and making additional discoveries. As the 2023 field season approaches,
we are gearing up for an active and exciting year with at least three drills turning and plenty of
boots on the ground.”
Staking
• Significantly increased the physical footprint of our 100%-owned Rogue Project in
2021 and 2022 from 121 claims covering about 2,439 ha to 2,547 claims covering
approximately 52,396 ha, a >2,100% increase in project size since Snowline’s inception.
2021 Field Season
• Drilling of four diamond drill holes for 804 m at Valley, resulting in the drill discovery
of the Valley reduced intrusion related gold system (RIRGS) with downhole
intersections including 1.25 g/t Au over 168.7 m (V-21-003; see Snowline news release
dated February 10, 2022 ) near the edge of a newly recognized, kilometer-scale Fort
Knox-style intrusion
• Application for and receipt of Class 1 and Class 3 Quartz Mining Land Use permits for
Rogue and surrounding projects
• Collection of high-resolution drone magnetic survey data, with a total of 410.9 line-km
covering an area of 10. 4 km2.over the Valley intrusion which delineated the Valley
intrusion and identified crosscutting, northwest-trending structures that may play a role
in the distribution of gold mineralization
• Collection of 1,523 soil samples primarily at the Valley and Gracie zones, with a 5.1
km gold (Au)-in-soil anomaly with coincident bismuth (Bi)-tellurium (Te) anomalism
at Gracie (Snowline news release dated April 7, 2022), as well as anomalous Au-Bi-Te
geochemistry results from above the Valley intrusion, which helped guide drilling
efforts in both 2021 and 2022
• Geological mapping and collection of 174 rock samples primarily at Valley
• Collection of Unmanned Aerial Vehicle (UAV) photogrammetry over the Valley,
Gracie and Old Cabin areas for geological mapping and desktop studies.
2022 Field Season
• Drilling of 32 diamond drill holes for 13,320 m , with 11,868 m in 27 holes at Valley
and 2,152 m in 5 holes at Gracie
• Construction of 50 -person Forks Camp to support exploration activities on Rogue,
Einarson and additional nearby prospects
• Extension of Forks airstrip to 1,000 m in length following amendment of Class 3 Quartz
Mining Land Use Permit
• Collection of 136 rock samples across the Rogue project
• Collection of UAV photogrammetry over the Old Cabin and LM targets to provide high
resolution (cm-scale) base maps for geological mapping and desktop studies
• Airborne magnetics and radiometric surveys conducted over Valley -Gracie-LM (809
line km), Old Cabin (769 line km) and Ramsey (738 line km) for a total of 2,316 line
km over an area of 208.1 km 2 providing insights on the distribution of hornfels
alteration caused by intrusive bodies
• Collection of 357 soil samples
• Geological mapping at Gracie, LM, Old Cabin and Ramsey zones on the Rogue
Property
• Commencement of environmental survey work at Valley including monthly water
quality monitoring , hydrology, pre-disturbance botanical inventories and wildlife
surveying, providing a baseline of knowledge for future advanced stage permitting
• Mineral studies through 51 petrographic sections and selected SEM mineralogical
characterization
• Initiation of metallurgical test work.
Table 1 highlights drill assay results from 36 holes (31 at Valley, 5 at Gracie) completed by
Snowline during the 2021 and 2022 field seasons at the Rogue Project, Yukon. Results are
considered preliminary, with full updates, including the use of metallic screen analyses (the
optimum method when visible gold is present), where analysed, available in the technical
report. The results are not expected to materially change. Many of the drill holes targeted and
intersected a wide, through-going and deep corridor of sheeted quartz vein Au-Bi-Te
mineralization within the Valley intrusion . Unusually high gold grades for an RIRGS were
intersected from surface, such as 2.55 g/t Au over 318.8 m including 4.1 4 g/t Au over 108 m
in V-22-010 (see Snowline news release dated October 12, 2022). These intersections exhibit
a high degree of gold grade continuity within and between holes.
Figure 1 – 2021 and 2022 drilling at the Valley Zone, showing drill hole locations relative to the intrusion and preliminary
analytical results. Drilling to date has revealed the presence of a large zone within the broader Valley intrusion with high
densities of gold -bearing quartz veins . Initial analytical results for this zone consistently carry unusually high grades for a
reduced intrusion-related gold system.
Drillhole ID
Interval* (m)
Grade
(Au g/t)
Capped
@10 g/t Au
(Au g/t) From To Width*
V-21-001 5.0 140.0 135.00 1.09 1.01
including 19.5 127.5 108.00 1.27 1.17
with 34.5 36.0 1.50 11.67 8.43
V-21-002 31.5 217.5 186.00 0.85 0.85
including 35.3 172.0 136.75 1.01 1.01
V-21-003 1.0 169.7 168.65 1.25 1.15
including 1.0 126.0 125.00 1.56 1.43
with 12.5 71.0 58.55 2.14 1.89
V-21-004 46.5 140.3 93.80 0.77 0.71
including 65.0 134.5 69.45 0.90 0.81
with 121.0 122.5 1.50 11.95 10.00
V-22-005 7.7 339.0 331.30 1.03 0.98
including 132.0 324.0 192.00 1.52 1.44
with 300.5 302.0 1.50 20.10 10.00
V-22-006 6.4 301.0 294.58 0.23 0.23
including 6.4 119.0 112.60 0.30 0.30
with 56.5 58.0 1.46 9.32 9.32
V-22-007 5.1 415.1 410.0 1.89 1.86
including 56.0 202.0 146.0 3.24 3.14
with 84.5 86.0 1.5 13.55 10.00
and with 99.5 101.0 1.5 9.73 9.73
and with 108.0 109.0 1.0 10.75 10.00
and including 387.3 388.7 1.5 9.19 9.19
V-22-010 3.0 321.8 318.78 2.55 2.35
including 3.0 111.0 108.00 4.14 3.58
with 3.0 4.0 1.00 43.70 10.00
and with 29.2 30.2 1.00 23.80 10.00
and with 50.2 57.2 7.00 9.48 8.11
and 334.5 358.0 23.50 1.56 1.34
including 354.0 355.0 1.00 15.20 10.00
and 368.0 378.0 10.00 1.77 1.68
including 375.5 376.5 1.00 10.90 10.00
V-22-014 2.9 288.0 285.2 1.45 1.39
including 2.9 131.0 128.1 2.48 2.36
V-22-015 75.0 517.0 442.0 0.65 0.65
including 137.5 307.5 170.0 1.18 1.18
with 276.0 306.5 30.5 2.54 2.54
V-22-019 127.0 328.5 201.5 0.37 0.37
V-22-020 7.5 451.0 443.5 0.25 0.25
V-22-026 10.8 300.5 289.7 0.90 0.90
including 10.8 200.0 189.2 1.25 1.25
with 158.9 161.5 2.7 5.98 5.98
Table 1 (part 1 of 2) – Preliminary highlight summary of Snowline’s latest assay results. From/To widths
are rounded, so Interval widths reported exhibit higher accuracy. *Downhole Interval widths are reported
since true widths of the system are not definitively known.
Drillhole ID
Interval* (m)
Grade
(Au g/t)
Capped
@10 g/t Au
(Au g/t) From To Width*
V-22-027 11.5 493.0 481.5 0.69 0.69
including 102.0 352.0 250.0 1.01 1.01
with 268.5 319.5 51.0 1.90 1.90
V-22-028 17.0 380.5 363.5 1.40 1.37
including 45.0 87.3 42.3 2.15 2.15
and including 141.3 271.2 129.9 2.03 1.96
with 177.3 182.8 5.5 4.73 4.73
and with 250.2 251.7 1.5 16.55 10.00
and 424.0 436.0 12.0 1.54 1.54
including 433.0 434.5 1.5 9.63 9.63
V-22-029 4.4 563.0 558.7 1.26 1.21
including 90.0 292.0 202.0 2.04 2.04
with 131.0 163.5 32.5 2.65 2.65
and with 275.0 287.0 12.0 3.66 3.66
and including 508.5 509.0 0.5 69.50 10.00
and 630.5 689.0 58.5 0.81 0.56
including 646.5 647.0 0.5 38.60 10.00
V-22-030 51.0 56.0 5.0 3.24 3.24
and 124.5 407.0 282.5 0.73 0.70
including 246.0 407.0 161.0 1.06 1.02
with 246.0 246.5 0.5 26.50 10.00
and with 341.0 407.0 66.0 1.46 1.46
V-22-032 91.6 429.5 338.0 1.32 1.28
including 126.0 333.0 207.0 1.76 1.72
with 324.5 326.0 1.5 10.65 10.00
V-22-033 3.5 316.5 313.0 0.86 0.86
including 120.5 242.4 121.9 1.33 1.33
ABOUT ROGUE
Rogue’s Valley Zone is a newly discovered, bulk tonnage style, reduced intrusion-related gold
system (RIRGS), with geological similarities to multi -million-ounce deposits currently in
production like Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the
Yukon. Early drill results demonstrate unusually high gold grades for such a system , present
near surface across drill intersections of hundreds of metres. Gold is ass ociated with
bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the
margins of a one-kilometer-scale, mid -Cretaceous aged Mayo -series intrusion. Valley is an
early-stage exploration project without a resource estimate , and while initial results are
Table 1 (part 2 of 2) – Preliminary highlight summary of Snowline’s latest assay results. From/To widths
are rounded, so Interval widths reported exhibit higher accuracy. *Downhole Interval widths are reported
since true widths of the system are not definitively known.
encouraging, the presence or absence of an economically viable orebody cannot be determined
until significant additional work is completed.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold
anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known
to occur in clusters. The Rogue Project is thus considered by the Company to have district -
scale potential for additional reduced intrusion-related gold systems.
Figure 2 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. To date, Snowline has only
drilled three targets out of more than 30 identified by the Company across its district-scale exploration portfolio.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-
project portfolio covering > 280,000 ha. The Company is exploring its flagship >137,000 ha
Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin.
Snowline’s project portfolio sits within the prolific Tintina Gold Province , host to multiple
million-ounce-plus gold mines and deposits including Kinross’ Fort Knox Mine, Newmont’s
Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and
extensive database provide a unique opportunity for investors to be part of multiple discoveries
and the creation of a new gold district.
QUALIFIED PERSON
The technical information in this news release has been reviewed by J ean Pautler, P.Geo., a
qualified person as defined by 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
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements about the
expected date on which the Company’s common shares will be listed on the TSX -V, the
Company’s past results 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 manage ment’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 achiev ements to differ materially from the
results discussed or implied in the forward -looking statements. Such factors include, among
other things: risks related to uncertainties inherent in drill results and the estimation of mineral
resources; and risks assoc iated with executing the Company’s plans and intentions. These
factors should be considered carefully , and readers 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 t hat actual 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.