Snowline GOLD Commences 18,000+ Metre Drill Program ON Its Yukon Exploration Projects with Numerous Visible GOLD Observations IN Drill Hole
SNOWLINE GOLD COMMENCES 18,000+ METRE DRILL PROGRAM
ON ITS YUKON EXPLORATION PROJECTS WITH NUMEROUS VISIBLE GOLD
OBSERVATIONS IN DRILL HOLE
• Phase III drilling underway at the Rogue Project’s Valley Zone, Snowline’s flagship
near-surface, bulk tonnage gold discovery in the heart of its district-scale land
position
• Visible gold observed in 10 of first 14 core boxes (representing roughly 65 m)
received from Valley’s first drill hole of 2023
• Upwards of 18,000 metres drilling planned across at least five targets using four
drills, providing potential for significant new drill discoveries along with delineation,
de-risking and possible expansion of Snowline’s Valley zone.
Vancouver, B.C., May 31, 2023: SNOWLINE GOLD CORP. ( TSX-V: SGD) (OTC QB:
SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced its
2023 exploration and drilling program. Drill crews and geological staff recently mobilized to
the Company’s 50-person Forks Camp, which supports its Rogue, Einarson, Ursa and Cynthia
projects. Phase III diamond drilling is underway at the Valley Zone on Snowline’s flagship
Rogue Project to expand and advance the target towards an initial mineral resource estimate.
Additional drilling and extensive surface work is planned across the Rogue Project and
Snowline’s broader project portfolio.
“Following a transformative year in 2022, we are excited to be back in the field with a larger
and more advanced 2023 exploration campaign ,” said Thomas Branson , Snowline ’s Vice
President of Exploration. “Our team has done fantastic work in getting us off to an early start.
This season will see us pursue two key objectives: 1) to further advance the Rogue Project’s
Figure 1 – The first delivery of core from the rigs in 2023 , from hole V -23-34 on the Rogue Project’s Valley target , in Snowline’s
newly-expanded core shack. Visible gold was observed within sheeted quartz veins in 10 of the 14 boxes during preliminary logging,
along with intrusive breccia textures and at least 3 generations of quartz vein at moderate overall densities. Orange flagging tape
marks the locations of visible gold, with the first encountered at 12 m downhole.
Valley discovery through efficient de -risking and delineation, as the scale, grade and
consistency of our 2022 results from Valley rank highly among near-surface, bulk tonnage gold
deposits and discoveries drilled anywhere in the world last year; and 2) to make additional drill
discoveries at Rogue and on our broader pro ject portfolio. We see Valley not only as an
exceptional discovery, but also as a strong proof-of-concept for the geological potential of our
district-scale and still largely unexplored land position.”
2023 EXPLORATION CAMPAIGN
Rogue Project
Approximately 15,000 m of the 18,000+ m of diamond drilling budgeted for 2023 is planned
for the Rogue project, using the three drill rigs currently on site. Of this drilling, 10,000 m will
target Valley, while the addit ional 5,000 m will be used for a Phase II program at Gracie and
for Phase I drilling of additional targets. This work will be complemented by an extensive
program of stream sediment, soil and rock sampling along with prospecting and geological
mapping to follow up on various unexplained geochemical anomalies throughout the project,
with the goal of generating additional new targets with potential for grade and scale. A project-
level aerial ZTEM survey totalling roughly 3,000 line -km is planned, and it may be
complemented by additional magnetic or other geophysical surveying specific to individual
targets. Additional details of the Rogue exploration campaign can be found in the Company’s
May 2 News Release.
Figure 2 – Location map of V-23-034 in the context of the Valley discovery, with results shown from previous drilling in 2021 and 2022
(highlight intervals labelled in black and in red). The hole is the first in a 10,000+ drill program planned for the discovery in 2023.
Other Snowline Properties
Outside of Rogue, the Company is planning Phase I drill programs on three or more additional
projects using a fourth drill , following up on historical prospecting results and regional work
done by the Company over the past two field seasons. Following initial surface -based field
programs commencing in June, drilling is expected to commence in mid July. Potential targets
for this drilling include:
• Tosh Project, Southwestern Yukon: Untested orogenic gold targets associated with
1 and 2 km gold-in-soil anomalies, widespread alteration, and prospecting grab samples
from below detection up to 6.8 g/t Au and up to 1.1 kg/t Ag.
• Cliff Project, Southwestern Yukon: Untested orogenic gold target associated with a
1,600 m by 300 m gold-in-soil-and-talus-fine anomaly with values averaging 0.179
ppm (g/t) Au; up to 3.1 g/t Au in talus fines.
• Rainbow Pro ject, Central Yukon: Untested reduced intrusion-related gold system
(RIRGS) target associated with a 1 km scale gold -bismuth-tellurium gold-in-soil-and-
talus-fine anomaly along the edge of a 2-3 km magnetic anomaly.
• Olympus Pro ject: Untested and partially tested RIRGS and porphyry targets
associated with significant geochemical anomalies, acquired by Snowline in September
2022.
Figure 3 – Project location map for Snowline Gold’s Yukon property portfolio. Different colours represent Snowline’s various
properties, organized by location and target type. The flagship Rogue Project is the site of the Company’s 2021 and 2022 drill
discoveries at Valley.
The proportion and total amount of drilling planned for each target, along with certain other
planned surface activities, are rough working guides and are adaptable based on drill results
and other observations or factors throughout the season.
ABOUT ROGUE
The Valley Zone on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage
style, reduced intrusion -related gold system (RIRGS), with geological similarities to multi -
million-ounce deposits currently in production such as 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 associated 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 encouraging, the presence or absence of an economically v iable
orebody cannot be determined until 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.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration co mpany with an eight-
project portfolio covering > 280,000 ha. The Company is exploring its flagship >111,000 ha
Einarson and Rogue 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
Information in this release has been prepared under supervision of and approved by J. Scott
Berdahl, M.Sc., P. Geo., CEO and Director for Snowline and a Qualified Perso n 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
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding
upcoming drilling and operational plans , delineation and de -risking of the Valley discovery,
the potential for the Company to make additional discoveries, the Rogue project having district-
scale prospectivity, the creation of a new gold district and the Company’s future plans and
intentions. 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 st atements. 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 factors 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 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.