Snowline GOLD Commences 8,000 Metre Drill Program ON Its Flagship Yukon Projects
SNOWLINE GOLD COMMENCES 8,000 METRE DRILL PROGRAM
ON ITS FLAGSHIP YUKON PROJECTS
• Phase II drilling underway at Valley, a bulk tonnage gold discovery made in late 2021
• Upwards of 8,000 metres drilling planned across at least four targets in 2022
• Potential for significant new drill discoveries along with expansion of Snowline’s
Valley and Jupiter zones
Vancouver, B.C., June 8, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced its
2022 exploration and drilling program. Drill crews and geological staff recently mobilized to
the Company’s new Forks Camp, built to support its Rogue, Einarson, Ursa and Cynthia
projects. Phase II d iamond drilling is underway at Rogue’s Valley zone to test the extent of
gold mineralization encountered by drilling in September 2021 within a soil and talus fine
anomaly spanning roughly two kilometers.
“Following an exceptional first season with two drill discoveries on our adjacent Rogue and
Einarson projects, we are very excited to return to the field,” said Scott Berdahl, CEO and
Director of Snowline. “Our team has already done a tremendous job setting up for an early
season start amidst our new camp build and a record -breaking spring snowpack. Snowline’s
2022 drill program gives our shareholders much to look forward to as we simultaneously build
on recent successes and position ourselves to make additional discoveries. Our results will shed
new light on our large and relatively unexplored land package , which we believe ha s the
potential to become a new North American gold district.”
Figure 1 – Location of V-22-005, Snowline’s first drill hole of the 2022 exploration season, currently underway at Valley. The hole is a 150m step
back from V-21-003, which intersected 1.25 g/t Au over 168.7 m from surface. The step back will provide a better meas ure of the width of the
mineralization and constrain the broader orientation of the zone, in addition to testing the mineralization encountered in V-21-003 at depth.
The geological setting and style of mineralization at Valley demonstrate the presence of a bulk
tonnage gold target, with similarities to Kinross’s Fort Knox Mine in Alaska and Victoria
Gold’s Eagle Mine in the Yukon . An 800 m Phase I drill program conducted at Valley in
September 2021 encountered broad zones of gold mineralization in all four h oles (e.g. see
Snowline news release dated February 10, 2022 ). Gold is associated with bismuthinite and
telluride minerals hosted in sheeted quartz vein arrays along margins of a mid-Cretaceous aged
Mayo-series intrusion.
2022 DRILL CAMPAIGN
Snowline’s 2022 drill program budgets for at least 8,000 m total drilling across four or more
zones.
At Rogue, some 3,000 m are planned for drilling on and around the Valley intrusion, which
includes the Valley and Ridge zones . Expected hole depths range between 200 m and 300 m,
with one or more deeper holes planned to determine continuity and intensity of mineralization
at depth. The drill program will test the scale of the Valley gold system, with a systematic series
of step-outs set to better define the width, breadth and depth of mineralization responsible for
the geochemical anomalies on surface.
At Einarson, some 3,000 m are budgeted for the Jupiter zone, a high-grade epizonal orogenic
gold prospect discovered by drilling in 2021 (e.g. see Snowline news release dated October 13,
2021). Precise drill targeting will await the results of early-season surface work. The program
will further test the scale of the Jupiter gold system with broad step -outs, while more
concentrated drilling near last season’s drill discoveries will better define geometries and
controls on mineralization while providing a more rigorous testing of known high-grade zones.
The balance of 2,000 m or more is budgeted for first-ever drill testing of additional targets. At
Rogue’s Gracie zone, a 5.1 km gold in soil and talus fine anomaly above a buried felsic
intrusion represents a high-priority bulk tonnage drill target (see Snowline news release dated
April 7, 2022). Mineralization is thought to be related to that at Valley. Following surface work
to optimize drill targeting and assuming viable targets are identified, Phase I drilling will
commence at Gracie.
Other candidate zones for Phase I drilling in summer 2022 include:
• Avalanche Creek (Einarson): A one -kilometer-long mineralized quartz carbonate
boulder train similar in character to Jupiter, some 12 km away. Grab samples of
Avalanche Creek float material assay from 0.3 g/t Au to 34.2 g/t Au, and a likely source
structure for the mineralization has been identified.
• Mars (Einarson): A four -kilometer-long gold in soil and talus fine anomaly in
historical data with values of up to 8.97 g/t Au in talus fines . Rock samples from the
trend range from below detection to 9.27 g/t Au, including a historical hand trench that
returned 7.1 g/t Au over 5.0 m. Limited historical drilling tested the far south end of the
trend, near the hand trench location, with reported intercepts of up to 0.57 g/t Au over
21.2 m (true width unknown). The majority of the Mars anomaly, including its strongest
soil geochemistry, has not been drill tested.
• Ursa: A fourteen -kilometer-long trend of anomalous zinc in stream sediments with
values consistently over 0.1% Zn and up to 3.4% Zn . A n aerial VTEM survey
conducted by Snowlin e in 2021 revealed several large conductors that may be
lithological or that may be indicators of mineralization.
The proportion and total amount of drilling planned for each zone are rough working guides
and may change based on drill results and other observations or factors throughout the season.
QUALIFIED PERSON
Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief
Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument
43-101.
Figure 2 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. Key zones
described in this release are labeled with blue text.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven -
project portfolio covering > 127,000 ha. The Company is exploring its flagship >85,000 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. Snowline’s first-mover land position provides
a unique opportunity for investors to be part of multiple discoveries and the creation of a new
gold district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo
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
Company’s upcoming drill program and surface work 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 cu rrently 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 intention s. 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 that 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 r evise them to reflect new events or
circumstances, except as required by law.