Snowline GOLD Corp. Introduces 100% Owned Cliff GOLD Project, Southwest Yukon
LEGAL*52582237.1
SNOWLINE GOLD CORP. INTRODUCES 100% OWNED CLIFF GOLD PROJECT,
SOUTHWEST YUKON
• Cliff gold project, approximately 603 hectares, located in an established placer
district
• Previous geochemical sampling identified 1.6 kilometre by 300 metre soil and
talus fine anomaly grading to 3.1 g/t Au
• Property geology analogous to the Juneau Gold belt which hosts 7,000,000 oz Au
of historical production
Vancouver, B.C., March 16, 202 1 SNOWLINE GOLD CORP. ( CSE: SGD) (the
“Company” or “Snowline”) is pleased to provide more detail on its 100% owned, 603 hectare
Cliff Gold Project. The property is situated in southwest Yukon’s Ruby Range placer gold
district which has produced alluvial gold since the early 1900s. Snowline is currently reviewing
its newly acquired project portfolio to maximize company value. It is examining multiple
options for its non-core assets, including targeted exploration and joint venture arrangements.
The Company’s 7-project portfolio provides flexibility and diversification while it advances its
flagship Rogue and Einarson projects in the Selwyn Basin, Yukon.
“The Cliff Gold Project is a n important component of Snowline’s Yukon -focused project
portfolio. We are excited to have such a high quality hard-rock prospect in a district that has
produced placer gold for more than 100 years” said Nikolas Matysek, Chief Executive Officer
of Snowline. He continued, “Kilometre-scale gold-in-soil anomalies combined with consistent
placer gold recovery in the region suggests we are in a prospective area. Our strategic review
of geological data will determine the best way to maximize Cliff’s value to Snowline.”
The Cliff Project
The Cliff Gold Project covers a series of pronounced gold -in-soil anomalies in the Yukon’s
Ruby Range, a prolific placer gold district with more than a century of placer gold production.
Cliff was located through an extensive, iterative geochemical and geological exploration
program throughout the Ruby Range vectoring to the most prospective areas. The Project is
underlain by Kluane schist and exposures of the Ruby Range batholith. These units correspond
in age, lithology and structure to host rocks of the rich Juneau Gold Belt to the southeast, which
has produced over seven million ounces of orogenic gold.
Systematic soil and talus sampling over Cliff identified a large, consistent gold in soil anomaly
averaging 179 ppb Au and over an area of 1,600 by 300 metres, adjacent to a significant fault
zone. The highest grade soil sample from this anomaly was 3.1 g/t Au. A single grab sample
of quartz-carbonate float assayed 7.3 g/t Au. The Company will conduct follow-up prospecting
and mapping this summer. High-resolution drone imagery suggests the presence of parallel
northwest-trending structures that may control gold mineralization.
Figure 1: Gold concentrations in soil and talus fine samples, with the lone rock sample taken on the target to date, shown in
parts per m illion (equivalent to grams per tonne). In 2019 a high -resolution photogrammetric drone survey revealed two
dominant, repeated structural trends, one of which corresponds to the orientation of a large outcropping quartz vein uphill
from multiple >1 g/t Au talus fine samples.
The Cliff property is situated within 13 kilometres of existing placer roads, 34 kilometres of a
30 MW hydroelectric station, and 40 kilometres of the town of Haines Junction, Yukon. For
further information on Snowline’s Cliff, Einarson, and Rogue projects, please visit
www.snowlinegold.com.
Qualified Person
The scientific and technical information contained in this news 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.
ON BEHALF OF THE BOARD
Nikolas Matysek
CEO & Director
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory based gold exploration company. The Company is
exploring its flagship Einarson and Rogue gold projects that cover ~64,000 hectares in the
prospective yet underexplored Selwyn Basin. 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 to Newmont’s Coffee. Snowline ’s first -mover claim position presents a unique
opportunity to explore and expand a new greenfield, district-scale gold system.
18526 Yukon Inc. Yukon Mineral Properties March 2020
6
Cliff
Due to the recent exploration downturn, the large geochemical anomaly on the Cliff has not been
revisited since the soils survey in 2013. The anomaly extends some 1.7 km laterally along a steep
mountain slope, so dispersion from a high-grade source alone cannot account for its size.
Elsewhere on the property, soils run as high as 6.73 g/t Au.
For further information, please contact:
Snowline Gold Corp.
Nikolas Matysek, CEO
+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, including targeted exploration and joint venture arrangements, and conducting follow-
up prospecting and mapping this summer. 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 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 th at 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.