Snowline GOLD Discovers Four New Reduced-Intrusion Related GOLD System Targets at Its Rogue and Cynthia Projects, Yukon, with Visible GOLD IN Outcrop Samples to 86.5 Grams PER Tonne GOLD
SNOWLINE GOLD DISCOVERS FOUR NEW REDUCED-INTRUSION RELATED GOLD
SYSTEM TARGETS AT ITS ROGUE AND CYNTHIA PROJECTS, YUKON, WITH
VISIBLE GOLD IN OUTCROP SAMPLES TO 86.5 GRAMS PER TONNE GOLD
• Three additional new reduced intrusion-related gold system targets established on the
Rogue Project, with an additional fourth target discovered on the Cynthia Project.
• Continuous outcrop samples yield up to 5.12 g/t Au over 3.3 m at the Livia target,
Rogue Project, and 2.93 g/t Au over 2.0 m at the Sydney target, Cynthia Project.
• Visible gold in sheeted veins discovered in outcrop in a newly identified intrusion at
the Ramsey target, Rogue Project, with an outcrop grab sample of 86.5 g/t Au.
Vancouver, B.C ., May 2, 2024: SNOWLINE GOLD CORP ( TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce discovery of three new
reduced intrusion related gold system (RIRGS) targets at its Rogue Project and an
additional new RIRGS target at its adjacent Cynthia Project in the Yukon Territory, Canada.
Analytical results from the Company’s 2023 surface exploration program demonstrate
widespread gold mineralization and RIRGS pathfinder elements associated with intrusions
of the Rogue Plutonic Complex , a 60 x 30 km geological feature which also hosts the
Company’s flagship Valley target. Results include outcrop chip sampling to 5.1 2 g/t Au
over 3.3 m at the Livia target, and selective outcrop grab samples to 86.5 g/t Au at the
Ramsey target. The new RIRGS targets are described in more detail below.
Figure 1 – Map of the Rogue Project and northern Cynthia Project , showing the locations of the newly identified RIRGS
targets in relation to Valley and certain additional targets. The new discoveries highlight the widespread geographical
footprint of gold mineralization at the Rogue Project, which effectively covers the entire Rogue Plutonic Complex.
“While consistent drill results have dominated our headlines, Snowline’s regional surface
exploration team has done exemplary work behind the scenes bolstering our exploration
pipeline and demonstrating widespread gold fertility within the regional-scale Rogue Plutonic
Complex,” said Scott Berdahl, CEO & Director of Snowline. “ The presence of our Valley
discovery shows that the geological ingredients needed to produce a uniquely robust form of
RIRGS mineralization are present at Rogue. The results of our regional work suggest a strong
potential for locating other such instances of gold endowment across much of the
broader, >1,100 km2 project area. With essentially the entire Rogue Plutonic Complex under
full ownership, we are thrilled to have the opportuni ty to systematically explore this nascent
gold district, along with the resources and the team to make the most of this opportunity.”
LIVIA TARGET, ROGUE PROJECT
The Livia target comprises a cluster of at least three mineralized zones located roughly 3 km
east of the Company’s newly identified Aurelius target (see Snowline press release dated
February 20, 2024 ) and 1 -2 km west of the mid -Cretaceous Old Cabin pluton . The newly
discovered gold mineralization occurs both within sheeted quartz veins hosted in <1 km
diameter outcropping granodiorite stocks, and within silicified country rock (Figure 2).
Figure 2 – Plan view of the Aurelius and Liva targets , showing the known extent of anomalous gold values in surface
geochemistry and the location of various rock samples . Zones of elevated to anomalous gold mineralization are present
across an open 4 x 2.5 km area, centered roughly 3 km east of Snowline’s Aurelius target.
Historical surface sampling of silicified country rock near the south end of Livia returned grab
samples of up to 16 g/t Au. Follow up by the Company identified a 1000 x 300 m northeast-
trending structural corridor defined by two parallel structures hosted in mudstone and volcanic
rocks, extending northeast from the historical sample site. A continuous rock chip sample from
the southernmost fault hosted in silicified mudstone returned 3.3 m @ at 5.12 g/t Au including
0.3 m @ at 14.4 0 g/t Au (and 39.9 g/t Ag) with similar silicification and pathfinder element
association to the Aurelius target. Additional selective rock chip samples from 200 m to the
northeast within the same corr idor returned seven mineralized vein samples out of eight with
an average of 4.47 g/t Au (up to 7.39 g/t Au).
Serendipitously, t he granodiorite stocks at Livia were initially identified and mapped by
Snowline’s Chair Dr. Craig Hart during the field component of his undergraduate Honours
thesis, before his role in developing the RIRGS deposit model. The stocks are hosted by the
same volcanic and sedimentary rocks hosting mineralization at Aurelius and are located
between steep NW-SE and N -S structures. Mineralization is characterized by sheeted quartz
vein arrays with arsenopyrite and galena. A 110 x 50 m corridor of sheeted veins , with a vein
density up to five veins per meter , was identified in one of these granodiorite stocks. This
showing returned 18 mineralized vein samples out of 19 (Figure 2), hosted both in granodiorite
and the surrounding hornfels lithologies, with an average of 2.22 g/t Au (up to 7.17 g/t Au, and
41.4 g/t Ag).
SYDNEY TARGET, CYNTHIA PROJECT
The Sydney target is a newly discovered, open, 250 x 200 m zone of sheeted quartz veins
hosted in a 3 km diameter granodiorite stock. The target is hosted in a N -S structural corridor
with subvertical faults with up to 26 veins per meter. Th is zone returned a 2.0 m chip sample
at 2.93 g/t Au, a 2.8 m chip sample at 0.53 g/t Au and a selective rock sample with 8.01 g/t Au.
The rest of the target is characterized by an average of 10 veins per meter.
A second granodiorite stock located on the Cynthia Project remains largely unexplored.
Figure 3 – High quartz vein densities with multiple vein orientations in outcrop at the Cynthia Project’s Sydney target (left) and the R ogue
Project’s Valley target (right), highlighting similarities between the two. The poly-phase nature of the intrusion at Valley is thought to be a key
factor in the formation of the multiple quartz vein generations and the high gold grades encountered there in drilling. This observation adds to
the traditional RIRGS model, suggesting that earlier phases of an intrusion can serve as receptive host rocks for mineralization introduced by later
phases. Thus, larger intrusions—like that at Sydney —previously thought to be too deeply eroded to be prospective for high-density RIRGS gold
mineralization could potentially be mineralized internally by later intrusive phases.
RAMSEY TARGET, ROGUE PROJECT
Like Valley, the Ramsey target occupies a topographical low, with limited outcrop and a large
component of transported surface cover. The target , located 23 km west of Valley (Figure 1),
was initially identified as a magnetic high anomaly in historical aerial magnetic data. Surface
investigation revealed the presence of low density (~1 vein/m) sheeted quartz veins in an
intrusive host rock, with outcropping bismuth minerals and visible gold observed in the veins.
Out of ten grab samples collected from the isolated outcrops, which occupy only a small (~ 60
x 30 m) portion of the broader 4 x 2 km magnetic anomaly , eight were mineralized, with an
average grade of 0.53 g/t Au not including a visible gold bearing grab sample of quartz vein
material with abundant bismuthinite which returned 86.5 g/t Au. A soil sample grid established
over the area returned elevated (>10 ppb Au) background gold values and localized anomalies
up to 105 ppb Au associated with elevated bismuth and tellurium . It is unclear to what extent
Figure 4 –Plan view of the Sydney target, with exposed zones of high quartz vein densities highlighted in
yellow and select rock grab samples labeled. The 14.7 g/t Au sample is local float (non bedrock) material.
transported surface material (tills, colluvium and alluvium) might be masking bedrock
influence on soil geochemistry across the target.
DUKE TARGET, ROGUE PROJECT
Duke is a newly discovered RIRGS target characterized by a 1 ,500 x 1 ,000 m granodiorite
stock partially covered by colluvium and moraine deposits , located roughly 11 km southeast
of the Valley target (Figure 1) . Duke exhibits a similar geophysical response in historical
ZTEM data to Valley, with a resistive anomaly marking the location of the intrusion.
Initial reconnaissance work identified sheeted quartz-sulphide veins with densities consistently
greater than 10 veins per meter over a n open, 500 x 350 m area . The vein mineralogy is
characterized by quartz-carbonate with pyrrhotite, bismuthinite, and arsenopyrite. The vein sets
are mapped as vertical with NW -SE and E -W orientation and have the potential to extend
beneath the moraine deposits. Initial, representative grab samples returned values up to 0.56
g/t Au in outcrop and 0.91 g/t Au in float. These results are seen as encouraging indicators of
fertility, and the target itself extends the known gold endowment along a general NW -SE
corridor to >25 km stretching from Aurelius in the northwest and including the Valley target.
OTHER TARGETS
In addition to the new targets described above, the Company identified a zone of abundant
gold-bearing intrusive float in glacial till on the Rogue Project roughly 12 km down-valley
from (west-northwest of) the Valley gold discovery, associated with locally anomalous (17,
237 and 768 ppb Au) stream sediment geochemistry. It is unclear at present whether this float
is derived from an undiscovered mineralized intrusion or whether it could have been
transported as till from the Valley target itself at high enough concentrations to produce the
observed gold anomalies in stream geochemistry.
Additional targets, including the Rogue Project ’s JP target (formerly “Scronk”) and others,
were advanced by the Company during the 2023 field season and could potentially see drill
testing in 2024.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a n eight-
project portfolio covering >3 60,000 ha (>3,600 km2). The Company is exploring its
flagship > 110,000 ha (>1,100 km 2) Rogue gold project 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’s 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 Thomas
Branson, M.Sc., P. Geo., VP Exploration of Snowline Gold Corp, as Qualified Person for the
purposes of National Instrument 43-101.
Figure 5 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia
and Olympus. The Valley target is one of several prospective reduced intrusion -related gold system (RIRGS) targets
on the broader 30 x 60 km Rogue Project, complemented by orogenic, Carlin-type, RIRGS and other sediment hosted
gold targets on surrounding projects.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
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of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding
the consolidation of the Einarson Project, the acquisition of the Venus target, the significance
of analytical results, the prospectivity of various gold targets, and the potential for investors to
participate in multiple future discoveries, 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 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 rea ders 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 actu al 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.