Snowline GOLD Drills Mineralization 300 M Beyond Current Resource IN Expansion Drilling at the Valley Deposit, Rogue Project, and Demonstrates District Potential with Intersection of 20.9 Grams PER Tonne GOLD over 2.1 M at Its Jupiter Target, Einarson Project, Yukon
SNOWLINE GOLD DRILLS MINERALIZATION 300 M BEYOND CURRENT RESOURCE
IN EXPANSION DRILLING AT THE VALLEY DEPOSIT, ROGUE PROJECT, AND
DEMONSTRATES DISTRICT POTENTIAL WITH INTERSECTION OF 20.9 GRAMS PER
TONNE GOLD OVER 2.1 M AT ITS JUPITER TARGET, EINARSON PROJECT, YUKON
• Resource Expansion Potential at Valley: Hole V-24-115 intersects 2.08 g/t Au over
15.5 m within a broader 100.5 m intersection averaging 0.53 g/t Au, showing
strong mineralization in an unexplored part of the Valley intrusion over 300 m east of
the Valley deposit, Rogue Project
• Continuity Confirmed: Hole V-24-117 intersects 1.64 g/t Au over 112.5 m within a
broader 242.5 m intersection averaging 1.14 g/t Au, demonstrating strong
continuity of the Valley Deposit along with other infill holes
• District Potential Demonstrated: Einarson Project hole J-24-031 returns 20.94 g/t Au
over 2.1 m within 9.45 m of 6.81 g/t Au at the Jupiter target, expanding
mineralization 50 m to depth (open) and advancing understanding of structural
controls
• Drilling Update: Assays remain pending for >2,500 m from 6 holes from infill and
expansionary drilling at Snowline’s Valley deposit, Rogue Project.
Vancouver, B.C., February 19, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce further results from its 2024
drill campaign on the Valley deposit, Rogue Project, and from its Jupiter target on the adjacent
Einarson Project, Yukon. At Valley, holes V-24-114 and V-24-115 both returned intervals of
strong gold mineralization outside of the existing MRE, demonstrating the presence of gold
within a large and still untested part of the Valley intrusion. Additional holes V-24-116 and V-
24-117 show continuity of >1 g/t gold grades along multiple edges of the primary deposit area
at Valley. These results will help to inform an updated MRE for Valley anticipated in the
coming months. At Jupiter, roughly 30 km north of Valley on the adjacent Einarson Project,
three of four reported holes intersected >8 g/t Au mineralization, with an interval of 20.9 g/t
Au over 2.1 m ( ~true width) in J -24-031 confirming a secondary east -west structural control
on mineralization that could assist with future targeting at Jupiter and regionally. Results are
pending for an additional >2,500 m of drilling in six holes from infill and expansionary drilling
at the Valley deposit, Rogue Project.
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-24-115 235.0 250.5 15.5 2.08
V-24-116 12.7 300.5 287.8 0.95
including 77.0 222.0 145.0 1.24
V-24-117 174.0 416.5 242.5 1.14
including 277.0 389.5 112.5 1.64
J-24-031 423.7 433.1 9.4 6.81
including 424.9 427.0 2.1 20.94
Table 1 –Highlight summary of Snowline’s latest assay results ; see Table s 2
(Valley) and 3 (Jupiter) for details. *Interval widths reported.
“The near-surface, high-grade part of the Valley intrusion that hosts Snowline’s Valley gold
deposit rightfully commands a lot of attention, ” said Scott Berdahl, CEO & Director of
Snowline. “ Today’s results from other parts of the Valley intrusion and from the separate
Jupiter target are both great reminders that the Valley deposit was not created in a vacuum, but
rather as a product of target-scale and regional-scale geological processes underpinned by gold
fertility of the eastern Selwyn Basin . Hole V -24-115 highlights the potential of the Valley
intrusion itself—outside of the current Valley deposit—to host additional zones of high-grade
gold mineralization. Roughly 30 km to the north, at our Jupiter target, the grades seen in J-24-
031 are encouraging and further enhance our understanding of th is structurally-controlled
system. Both results support Snowline’s founding conviction that a previously unrecognized
gold district could exist within our project boundaries in the eastern Yukon Territory.
“My congratulations go to Snowline’s team for the innovative, data - and observation-driven
thinking that led to these drill holes and today’s discoveries. We are excited to get back out
into the field in 2025 as we continue to advance these ideas and others throughout our robust,
district-scale project pipeline.”
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-
112 through V-24-118. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow
spheres. Drill holes with assays pending (6 holes from Valley) are denoted by blue collars.
VALLEY DRILLING, ROGUE PROJECT
The seven holes reported herein from Valley primarily target the margins of the known deposit
as well as untested areas beyond these margins (e.g. V -24-113, 114 & 115). The results
continue to build on the Company’s understanding of the Valley deposit through de -risking
and potential expansion.
Roughly 25,000 m were drilled at Valley in 55 holes in 2024 – nearly double the amount of
drilling (27,911 m) used to inform the Company’s initial MRE for Valley. The results of this
drilling will be used to produce an updated MRE on the Valley deposit in Q1 or Q2 of 2025,
as well as to inform future economic studies.
Hole V-24-112
Drilled as a 50 m step-out from V-22-015 along the eastern edge of the Valley deposit (Figure
1), V-24-112 intersected multiple mineralized intervals, including a 237.0 m length averaging
0.75 g/t Au from 147.5 m downhole (Table 2). This mineralization—at nearly double the 0.4
g/t Au mill cutoff grade used for the 2024 Valley MRE—expands the breadth of the company’s
understanding of the eastern edge of the Valley deposit.
Including non-mineralized intervals, V -24-112 averages 0.5 g/t Au over 599.9 m downhole
from bedrock surface at 11.1 m.
Hole V-24-113
V-24-113 is a 140 m step back along section from V-24-097 (Figure 2) and a 60 m step to the
north of V -23-038, testing mineralization at depth beyond what is currently the northeastern
edge of the Valley deposit. The strongest interval of mineralization averaged 0.50 g/t Au over
234.0 m from 207.5 m downhole, with this interval occurring entirely outside the limits of the
block model used to inform the 2024 MRE for Valley.
Hole V-24-114
Drilled towards the northwest, away from the eastern edge of the Valley deposit, V-24-114
encountered muted grades initially before intersecting 122.2 m averaging 0.47 g/t Au from 93.5
m downhole. Vein density and instances of visible gold increase with depth down the hole. The
Figure 2 – Cross-section A-A’, showing V-24-113 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 (bold labels). Blocks
shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled
and were assumed as nil for the initial Valley MRE.
hole ends in mineralization, with the final 10.5 m downhole averaging 1.35 g/t Au well outside
the Valley MRE, adjacent to on an open void in drill coverage (Figure 1).
Hole V-24-115
Like V-24-114, V-24-115 is also oriented northwest, drilled into a large volume of the Valley
intrusion that has seen little to no drill testing (Figure 1), crosscutting an east-west oriented
vein trend observed in this area. The hole hit multiple zones of mineralization, most notably a
100.5 m intersection averaging 0.53 g/t Au from 172.0 m downhole, with a 15.5 m downhole
intersection averaging 2.08 g/t Au.
Notably, the drill hole primarily encountered coarse -grained granodiorite—the host phase to
most of the mineralization in the Valley deposit —as opposed to a medium -grained phase
expected based on previous hole V-22-017 (collared from the same site but drilled southwest).
The 15.5 m interval of 2.08 g/t Au is associated with a dike of fine -grained porphyritic
granodiorite, which is thought to be a causative intrusive phase for the high grades seen in the
main part of the Valley deposit.
The hole ended in coarse-grained granodiorite and did not intersect the northeastern wall of the
Valley intrusion, which remains unconstrained at depth.
Hole V-24-116
V-24-116 infills a 130 m gap in section between V-23-041 and V-23-042, on the southeastern
side of the deposit. An interval of 287.8 m downhole averaging 0.95 g/t Au from bedrock
surface at 12.7 m downhole, including 145.0 m at 1.24 g/t Au from 77.0 m downhole, confirms
continuity of strong mineralization in this part of the Valley deposit.
Hole V-24-117
Collared outside of the Valley intrusion and drilled from west to east, V -24-117 encountered
sparse zones of mineralization in the hornfels zone followed by a broad zone of mineralization
on entering the Valley intrusion, returning 242.5 m at 1.14 g/t Au f rom 174.0 m downhole,
including 112.5 m at 1.64 g/t Au from 277.0 m downhole. This interval, which spans the edge
of the resource limiting pit-shell constraint for the 2024 Valley MRE, adds dimensionality to a
zone of mineralization encountered at depth in previous hole V-23-039.
Hole V-24-118
V-24-118 is among the southernmost holes drilled at Valley (Figure 1). The hole averages 0.71
g/t Au over the top 221.9 m from bedrock surface at 18.6 m downhole, with the bottom 59.0 m
of this interval occurring outside of the resource-limiting pit constraint used for the 2024 Valley
MRE.
Figure 3 – Cross-section B-B’, showing V-24-117 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 (bold labels). Blocks shown outside
of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as
nil for the initial Valley MRE. Instances of visible gold in holes still awaiting assay results are marked by yellow spheres.
Table 2 – Summary of significant mineralization returned from current holes from Valley . The consistency of strong
mineralization in the Valley 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. Rounding errors may be present in interval lengths.
*Interval widths reported; true widths of the Valley system are complex, with different vein generations, orientations, and
grade distributions present within various intervals through the bulk tonnage gold target at Valley.
Easting Northing Azimuth Dip From To Width*
V-24-112 386407 7057892 221.0 -57.1 611.0 37.5 108.5 71.0 0.45 0.45
and 114.5 139.0 24.5 0.24 0.24
and 147.5 384.5 237.0 0.75 0.74
including 202.0 203.0 1.0 13.40 10.00
and including 347.0 363.5 16.5 1.90 1.90
remainder 219.5 0.61 0.61
and 401.0 459.5 58.5 0.31 0.31
and 467.0 486.0 19.0 0.33 0.33
and 494.5 536.0 41.5 0.61 0.52
including 531.5 533.0 1.5 12.40 10.00
remainder 40.0 0.17 0.17
and 576.5 578.0 1.5 2.23 2.23
and 584.5 609.5 25.0 0.40 0.40
V-24-113 386105 7058032 219.1 -61.3 624.0 207.5 441.5 234.0 0.50 0.50
and 450.0 529.0 79.0 0.36 0.36
and 578.0 612.0 34.0 0.63 0.50
including 604.5 605.5 1.0 14.50 10.00
remainder 33.0 0.21 0.21
V-24-114 386446 7057664 349.4 -53.4 215.7 6.2 17.0 10.9 0.26 0.26
and 93.5 215.7 122.2 0.47 0.47
including 205.0 215.7 10.7 1.35 1.35
remainder 111.5 0.39 0.39
V-24-115 386754 7057761 342.0 -61.4 405.4 40.0 52.0 12.0 0.44 0.44
and 98.5 133.0 34.5 0.24 0.24
and 139.0 161.5 22.5 0.23 0.23
and 172.0 272.5 100.5 0.53 0.46
including 235.0 250.5 15.5 2.08 1.57
with 235.0 236.0 1.0 17.90 10.00
remainder 85.0 0.25 0.25
and 299.5 405.4 105.9 0.30 0.30
V-24-116 386368 7057502 219.2 -58.3 314.0 12.7 300.5 287.8 0.95 0.92
including 77.0 222.0 145.0 1.24 1.17
with 217.5 219.0 1.5 16.60 10.00
remainder 142.8 0.66 0.66
V-24-117 385868 7057639 101.8 -63.2 481.6 94.0 130.5 36.5 0.74 0.74
and 136.5 150.0 13.5 0.32 0.32
and 174.0 416.5 242.5 1.14 1.13
including 277.0 389.5 112.5 1.64 1.61
with 386.5 388.0 1.5 12.00 10.00
remainder 130.0 0.71 0.71
V-24-118 386342 7057400 218.8 -66.0 446.0 18.6 240.5 221.9 0.71 0.71
C apped
@10 g/t Au
(Au g/t)
Drillhole ID
Coordinates (NAD83 Zn9) Orientation (True) Total
Depth (m)
Interval* (m) Grade
(Au g/t)
JUPITER DRILLING, EINARSON PROJECT
Jupiter is an epizonal orogenic gold discovery roughly 30 km north of Valley. The four holes
reported herein from Jupiter were drilled at azimuths of roughly 330° and 300° (Table 3) to test
a potential secondary structural control on mineralization: steeply -dipping, east-west oriented
quartz-carbonate veins and breccias cutting at right angles to the primary controlling fold and
thrust geometry. The holes successfully intersect such mineralized structures, particularly in
the case of J-24-031, which returned a highlight interval of 6.81 g/t Au over 9.4 m, including
20.94 g/t Au over 2.1 m. These results expand the known footprint of high -grade gold
mineralization at Jupiter by over 50 m and provide useful geological information for advancing
exploration at Jupiter and on surrounding targets.
Hole J-24-031
Drillhole J-24-031 is collared in mudstone and intersects the siltstone unit marking the steep
flank of a fold interference pattern at a downhole depth of 246.5 m. An interval of 31.4 m
within the mudstone averages 0.68 g/t Au from 216.1 m downhole. This interval features
shallow south-dipping quartz-carbonate veins and a meter-thick, east-west oriented sub-
vertical quartz carbonate vein that contains visible gold (Figure 5).
Figure 4 – Map (left) and section (right) views of the Jupiter target , showing the locations and results of J -24-030 and J -24-031 in the context of
interpreted geology and surrounding drilling. To date, only a small portion of a broader 3 km soil anomaly at Jupiter has been tested by drilling, though
high grades have been encountered on a footprint of >1 km strike length. Additional targets like Galatea and Avalanche Creek 5 km and 12 km to the
south respectively along a prominent structu ral corridor, as we ll as the Mars target on a parallel structural corridor 4 km to the west, demonstrate
widespread potential for orogenic gold mineralization on the Einarson project.