Snowline GOLD Drills 6.0 Grams PER Tonne GOLD over 101.0 M IN Broader Interval of 4.1 Grams PER Tonne GOLD over 244.9 M from Surface at Its Valley Deposit, and Identifies TWO New GOLD Targets
SNOWLINE GOLD DRILLS 6.0 GRAMS PER TONNE GOLD OVER 101.0 M IN BROADER
INTERVAL OF 4.1 GRAMS PER TONNE GOLD OVER 244.9 M FROM SURFACE AT ITS
VALLEY DEPOSIT, AND IDENTIFIES TWO NEW GOLD TARGETS
• Hole V-24-078 returned 4.05 g/t Au over 244.9 m from surface, including 5.99 g/t
Au over 101.0 m, emphasizing strong continuity of high-grade, near-surface gold
mineralization at Snowline’s Valley deposit, Rogue Project
• “Charlotte” target is a newly discovered reduced intrusion-related gold system on the
Rogue Project in and around an elongate 1.6 x 0.3 km intrusion, with selective grab
samples up to 28.4 g/t Au
• “Galatea” target hosts a 1.3 km quartz-carbonate boulder train found along 12 km
structural corridor between Jupiter and Avalanche Creek, Einarson Project, with grab
samples to 6.11 g/t Au
• Assays pending for >22,500 m across 7 targets, with drilling ongoing.
Vancouver, B.C., September 10, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce additional analytical results
from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada’s Yukon
Territory alongside updates on its regional exploration campaign. Hole V -24-078 returned
some of the highest sustained grades seen at the deposit to date (Table 1) . Additional holes
from Valley carry long intervals from surface in the south eastern part of the Valley deposit.
Outside of Valley, Snowline’s regional exploration team has discovered two promising new
grassroots gold targets, Charlotte and Galatea, on the Rogue and Einarson Projects respectively.
Drilling is ongoing at Valley and on the Jupiter target, Einarson Project, with assays pending
for an additional 22,500 m drilled to date.
“The breadth, consistency and grade of near-surface gold mineralization at Valley continue to
impress us,” said Scott Berdahl, CEO & Director of Snowline. “V-24-078 has set another very
high bar, carrying an average grade of over 4 grams per tonne gold over 244.9 m etres from
surface, with a sustained run of 101. 0 m averaging 6.0 g/t Au, while holes from the southeast
and northwest parts of the deposit show good near-surface continuity and grades.
“In addition, our regional exploration team continues to turn up exciting new prospects on our
underexplored, >3,600 km2 tenure, including a new reduced-intrusion related gold system. That
we are still finding potentially significant new mineralized systems on surface in our fourth
exploration season in this area is a testament to the scale and the fertility of the district.”
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-24-078 8.2 253.0 244.9 4.05
including 80.5 181.5 101.0 5.99
V-24-080 5.0 490.0 485.0 0.91
including 123.5 300.5 177.0 1.51
Table 1 –Highlight summary of Snowline’s latest assay results; see Table 2 for
details. *Interval widths reported; true widths of the system at Valley are not
yet known.
VALLEY DRILLING, ROGUE PROJECT
Drilling at the Rogue Project’s Valley deposit is ongoing, with four drills now active on the
deposit. To date, roughly 20,400 m have been drilled at Valley in 46 holes in 2024 (Figure 1).
Trace instances of visible gold and widespread sheeted quartz vein arrays have been observed
both within and beyond the confines of the current, initial MRE for Valley. The Company
awaits full assay results from the ongoing drill campaign to assess the significance of these
observations and their impact on the MRE.
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-
078 through V-24-080. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow
spheres. Drill holes with assays pending are labelled in blue.
Hole V-24-078
Hole V-24-078 is collared within the Valley intrusion, from the pad site of V-24-076 (212.4 m
@ 1.11 g/t Au, including 66.9 m @ 2.02 g/t Au from surface, see Snowline news release dated
August 29, 2024 ) but drilled in the opposi te direction to test a void in drill data within the
Valley deposit (Figure 1). The nearest previous holes are V-23-048 (265.2 m @ 2.20 g/t Au,
including 100.2 m @ 3.28 g/t Au from surface, see Snowline news release dated September 11,
2023), collared roughly 50 m to the north -northeast, and V-22-014 (285.2 m @ 1.45 g/t Au,
including 128.2 m @ 2.48 g/t Au from surface, see Snowline news release dated November 15,
2022), collared roughly 65 m to the east -southeast, with both previous holes drilled to the
southwest and ending outside of the intrusion.
V-24-078 runs predominantly in the main, coarse -grained granodioritic phase of the Valley
intrusion throughout its length. Quart vein densities are consistently moderate to high for the
top of the hole, dropping off to low (<4 v/m) for the remain der of the hole after a series of
faults at approximately 230 m downhole.
The hole begins with a strong intersection of gold mineralization, averaging 4.05 g/t over the
top 244.9 m from bedrock surface at 8.2 m downhole. Grades increase somewhat from 80.5 m
downhole, aver aging 5.99 g/t Au over the next 101.0 m , marking highest gold grade over
a >100 m interval seen at Valley to date (including when assays are capped at 10.0 g/t Au, for
a capped interval grade of 5.49 g/t Au —see Table 2) . Below this highlight section, three
separate but proximal intervals carry grades averaging between 0.28 and 0.39 g/t Au to the end
of the hole at 407.0 m.
Figure 2 – Cross-section A-A’, showing V-24-078 in the context of the initial Valley MRE block model and MRE-constraining revenue factor
0.72 pit shell. The block model has not been updated to reflect the current results , nor any results to date from 2024 (recent results from V-
24-076 and 077 highlighted for context) , and blocks shown outside of the current pit shell constraint are not included in the initial MRE for
Valley. Instances of visible gold in holes still awaiting assay results are marked by yellow spheres. The released holes are projected onto the
same plane from a total width of roughly 100 m—relative positions can be seen in the plan map in Figure 1.
The results of this hole are expected to help upgrade and de-risk relevant areas of the initial
mineral resource estimate for Valley. The ultimate effect of this result will be quantified along
with analytical results of all subsequent holes in an updated mineral resource estimate at a later
time.
Table 2 – Summary of significant mineralization returned from current holes on the Rogue Project. The consistency of strong mineralization in
the deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate
the average interval grades. Holes with a “CU” prefix are from the Cujo target, roughly 30 km west of Valley (Figure 6) *Interval widths reported;
true widths of the system are not yet known, with different vein generations, orientations, and grade distributions present within various intervals
through the bulk tonnage gold target at Valley.
EXPLORATION UPDATES
Snowline currently has one drill rig active on the Jupiter target, and regional field teams
advancing multiple additional targets. More than 8,900 m have been completed in re gional
drilling to date across 6 targets outside of Valley. Assays are still pending for roughly 7,000 m
from these regional targets, namely: Aurelius (5 holes) and Reid (1 hole) on the Rogue Project,
Sydney (3 holes) on the Cynthia Project, and Jupiter (8 holes) and Avalanche Creek (2 holes)
on the Einarson Project.
Charlotte Target, Rogue Project
“Charlotte” is a newly discovered reduced intrusion-related gold system (RIRGS) on the Rogue
Project, roughly 15 km southeast of Valley . The target covers a multiphase, elongate
granodiorite pluton exp osed across roughly 1.6 km x 300 m , roughly corresponding to a
kilometre-scale resistive feature identified by aerial electromagnetic surveying (Figure 4),
similar in scale and nature to the geophysical anomaly previously identified at Valley.
Figure 3 – Instances of relatively coarse visible gold in quartz veins intersected in V-24-078 at 59.5 m and 219.7 m downhole. With visible
gold noted in 269 separate quartz veins along the hole (first instance at 5.5 m downhole, last instance at 405.1 m downhole), V-24-078 has
more instances of visible gold than any other hole drilled to date at Valley. Gold is present in at least three distinct quartz vein generations
in the hole.
Multiple generations of quartz veins, including sheeted quartz -arsenopyrite veins, are present
within and proximal to the intrusion at Charlotte. Of 95 rock grab samples collected from the
target area, 25 returned > 1 g/t Au, averaging 4.49 g/t Au up to a maximum of 28.4 g/t A u.
Such samples are selective in nature, but they none theless demonstrate gold fertility of t his
RIRGS across a large area. A program of soil and talus fine samples in contour soil lines has
been completed in the target area, which will assist in future targeting. Analysitcal results for
these samples are still pending.
Galatea Target, Einarson Project
“Galatea” is a new epizonal orogenic target on S nowline’s 100% owned Eina rson Project ,
located along the N-S structural corridor between the Jupiter target (roughly 7 km north) and
Avalanche Creek (roughly 5 km south). At Galatea, a 1.3 km long float train of quartz carbonate
vein material was observed along a stream drainage (Figure 5). Of 12 rock grab samples taken,
Figure 4 – Selective grab samples from the Charlotte target, along with the main intrusive body and an adjacent dike shown
in yellow. Background colours show the results of an aerial electromagnetic survey, with cooler colours denoting zones of
higher resistivity commonly associated with units of the Rogue Plutonic Complex, including the Valley intrusion.
6 returned >1 g/t Au, averaging 3.34 g/t Au with a maximum of 6.11 g/t Au. A follow-up soil
sampling program consisting of seven contour lines totalling 8 km will be completed to further
delineate the mineralization. This new target demonstrates the fertility of this >12 km structural
corridor and the prospectivity of adjacent, parallel structures in the area.
QA/QC
On receipt from the drill site NQ 2-sized drill core was systematically logged for geological
attributes, photographed and sampled at Snowline’s “Forks” Camp. Sample lengths as small
as 0.5 m were used to isolate features of interest, but most samples within moderate to strong
mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was
used. Core was cut in half lengthwise along a pre -determined line, with one half (same half,
consistently, dictated by orientation line where present or by dominant vein orientation where
absent) collected for analysis and one half stored as a record. Field duplicates were collected
at regular in tervals as ¼ core samples by splitting the ½ core sent for sampling, leaving a
consistent record of half core material from duplicate and non -duplicate samples alike .
Standard reference materials and blanks were inserted by Snowline personnel at regular
intervals into the sample stream. Bagged samples were sealed with security tags to ensure
Figure 5 – The Galatea float train in the context of surrounding geology, with rock samples shown as golden triangles. Certain rock samples
peripheral to the mineralized float train were sampled by previous property operators in 2012 in search of Carlin-style mineralization. Inset
photos show mineralization texture (middle, 4.31 g/t Au), with arsenopyrite and pyrite hosted in bulky quartz with ankerite, and float train
appearance (bottom right, 6.11 g/t Au), with large boulders of vein material present, consistent with the surface discoveries at Jupiter and
Avalanche Creek, both of which lie along the same >12 km structural corridor.
integrity during transport. They were delivered by expeditor to Bureau Veritas’ preparatory
facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses
completed in Vancouver.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples
were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits
were pulverized to >85% passing below 75 microns. A four -acid digest with an inductively
coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25
g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay
with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any
sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g
sample (BV code: FA530).
For the purposes of this release, contiguous mineralized intervals at Valley are defined as runs
of mineralization with no break >5.0 m assaying <0.1 g/t Au and may include any highlight
subsections thereof.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers
a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue
Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley target from a
greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz
gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral
resource at 1.25 g/t Au within a pit -shell constraint. The resource estimate numbers are
supported by the recent technical report for Rogue, prepared in accordance with NI 43 -101
standards, entitled “ Rogue Gold Project: NI 43 -101 Technical Report and Mineral Resource
Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo. , and Steven C.
Haggarty, P. Eng., with an effective date of May 15, 2024.
Exploration of the open Valley system is ongoing. Valley is a reduced intrusion -related gold
system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in
production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades.
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.
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. For these reasons, Snowline considers the Rogue Project to have district-
scale potential to host additional reduced intrusion-related gold systems.