Snowline GOLD Expands Footprint of Widespread, Near-Surface Mineralization with Drill Results up to 308.8 M of 2.2 Grams PER Tonne GOLD Including 180.3 M of 3.2 Grams PER Tonne GOLD from Surface at Its Valley Target, Rogue Project, Yukon
SNOWLINE GOLD EXPANDS FOOTPRINT OF WIDESPREAD, NEAR-SURFACE
MINERALIZATION WITH DRILL RESULTS UP TO 308.8 M OF 2.2 GRAMS PER TONNE
GOLD INCLUDING 180.3 M OF 3.2 GRAMS PER TONNE GOLD FROM SURFACE AT ITS
VALLEY TARGET, ROGUE PROJECT, YUKON
• Hole V-23-064 returned 308.8 m averaging 2.15 g/t Au, including 180.3 m of 3.23
g/t Au from surface (with the top 68.3 m averaging 5.03 g/t Au), showing strong
continuity of multiple-gram-per-tonne, near-surface gold mineralization across gap in
previous drilling
• Hole V-23-062 and V-23-063 show high grades and strong consistency in the
northwestern part of the Valley target, returning 417.0 m averaging 1.41 g/t Au
(including 2.25 g/t Au over 110.0 m) and 342.0 m averaging 1.59 g/t Au (including
2.00 g/t Au over 189.5 m) respectively, with both intervals beginning from surface
• Analytical results pending for 3,850 m from 11 holes (including one metallurgical
hole at Valley) across two projects—Rogue and Tosh.
Vancouver, B.C., January 3, 2024: SNOWLINE GOLD CORP ( TSX-V: SGD) (OTC:
SNWGF) (the “ Company” or “ Snowline”) is pleased to announce analytical results from
additional exploration holes drilled during its 2023 exploration campaign in Canada’s Yukon
Territory. Hole V-23-064 returned 2.15 g/t Au over 308.8 m downhole, including 3.23 g/t Au
over 180.3 m from surface, demonstrating strong consistency of near -surface, multiple-gram-
per-tonne-gold mineralization within a gap in previous drilling at the Rogue Project’s Valley
target. Holes V-23-062 and V-23-063 were drilled in the northwestern part of the target and
add dimensionality and consistency to known mineralization in that direction. Assays for more
than 3,850 m of diamond drilling from Snowline’s 2023 exploration efforts are forthcoming.
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-23-064 3.2 312.0 308.8 2.15
including 3.2 183.5 180.3 3.23
with 3.2 71.5 68.3 5.03
V-23-063 4.5 346.5 342.0 1.59
including 21.0 210.5 189.5 2.00
V-23-062 4.5 421.5 417.0 1.41
including 197.0 307.0 110.0 2.25
“The latest results from the Rogue Project’s Valley target further emphasize the continuity of
strong, near-surface gold mineralization present across a wide area,” said Scott Berdahl, CEO
& Director of Snowline. “V-23-064 is drilled through one of the largest remaining gaps in the
central part of the target, carrying an average grade of >3 g/t Au over a 180 m downhole interval
from surface. As is generally the case at Valley—and as seen in holes drilled in every direction
around V-23-064—mineralization is remarkably consistent. Every single assay in the first 100
Table 1 –Highlight summary of Snowline’s latest assay results . *Interval widths
reported; true widths of the system are not yet known.
m downhole r eturned >1.0 g/t Au . On the high side, o nly three samples in V -23-064
returned >10 g/t Au , so the intervals are not heavily influenced by outliers but are carried
instead by consistent grade. Additional holes V-23-062 and 063 bolster the known scale of the
northern part of the system, where we are still chasing open boundaries to mineralization. With
results for six holes remaining from the 2023 drill program at Valley, we are excited by the
large robust mineral system taking shape at the target.”
HOLE V-23-064
Hole V-23-064 is collared in coarse-grained granodiorite within the Valley intrusion roughly
66 m north of the nearest hole, 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) and 85 m southeast
of V-23-039 (553.8 m @ 2.48 g/t Au including 1 83.3 m @ 4.34 g/t Au from surface, see
Snowline news release dated August 3, 2023).
The hole commences in strong, sheeted gold-bearing quartz vein mineralization (Figure 2) from
bedrock surface at 3.2 m downhole and continues in predominantly strong mineralization until
approximately 188 m downhole, near where the hole intersects a central, valley-parallel fault
Figure 1 – Plan view of the Rogue Project’s Valley target showing analytical results from previous and current drilling , along with drill traces of
outstanding holes. Note that to display new results, current holes are plotted above previous holes regardless of relative depths. The system remains
open in multiple directions, including to depth. Endpoints for sections A (Figure 3) and B (Figure 2) are indicated on the map.
at 170 m downhole. Quartz vein densities and occurrences of visible gold drop off below the
fault, but lower grade mineralization continues until the hole exits the intrusion into hornfels
sedimentary rocks 309 m downhole. Multiple gold-bearing quartz vein orientations are present,
with a dominant sheeted vein array striking northwest and steeply dipping to the northeast, as
commonly seen in the primary mineralized zone at Valley.
Overall, the top 308.8 m downhole from bedrock surface averages 2.15 g/t Au, with an internal
interval of 180.3 m averaging 3.23 g/t Au also beginning from surface. Within this, the highest
grades are seen at or near surface, with the top 68.3 m downhole averaging 5.03 g/t Au. The
presence of such high and consistent gold grades beginning at surface in a large gap in previous
drilling further de-risks the mineral system at Valley, dem onstrating strong continuity within
the well-mineralized zone.
Figure 2 – Cross-section B, showing V -23-064 in the context of adjacent holes along or near to the cross section and a simplified,
schematic geological model . The upper part of the hole returned consistently high gold grades, demonstrating continuity of strong
mineralization through a gap in previous drilling. View looks northwest. Note that h ole V-22-014 is located in the foreground of the
section, and it exits the intrusion lower in the hole than suggested by its projection onto the geology of the current section. Similarly, V-
23-052 is behind the section. See Figure 1 for collar locations in plan view.
HOLES V-23-062 & V-23-063
Both V-23-062 and V-23-063 from part of a fence of holes across the northwestern part of the
well-mineralized, near-surface corridor within the Valley intrusion (Figures 1 & 3). Both holes
are collared in coarse grained granodiorite and continue in coarse grained granodiorite, with
minor xenoliths and dikes of finer -grained intrusive rock, until exiting into hornfels
sedimentary rocks from the southwestern edge of the intrusion.
The two holes exhibit the strongest mineralized intervals seen thus far within that fence,
demonstrating the strength and scale of the system in this area. V-23-062 averages 1.41 g/t Au
across 417.0 m downhole from bedrock surface (at 4.5 m downhole), with an internal interval
of 2.25 g/t Au over 110.0 m, including 3.0 m averaging 16.83 g/t Au. V-23-063 averages 1.59
g/t Au over 342.0 m from bedrock surface (also at 4.5 m downhole), with an internal interval
of 2.00 g/t Au over 189.5 m from 21.0 m downhole. Despite localized higher grades in both
holes, mineralized intervals are carried by consistently anomalous gold values, as indicated by
the high remainder values (excluding higher grade sub -intervals) along with the high capped
values (limiting any assay to a maximum of 10 g/t Au) shown in Table 2.
Table 2 – Summary of significant mineralization returned from current holes at Valley. The consistency of strong mineralization on the target 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 ca lculate the average
interval grades. *Interval widths reported; true widths of the system are not yet known, with different vein generations, orientations, and gr ade
distributions present within various intervals through the bulk tonnage gold target at Valley.
Both V-23-062 and V-23-063 add breadth to the known extent of near-surface >1 g/t Au and >
2 g/t Au mineralization in the northwest part of the Valley gold system, which remains open.
REGIONAL DRILLING
Cliff Project, Southwest Yukon
Analytical results have been received for an additional two holes from a Phase I drill program
at Snowline Gold’s Cliff Project, an orogenic gold project located in the southwestern Yukon.
Elevated gold values were present in association with sparse quartz veins in the two holes,
but the >1.0 g/t Au assays (up to 6.64 g/t Au over 1.9 m downhole) seen in previous holes
from this drill program were not encountered in the current holes. A summary is provided in
Table 3.
Figure 3 – Cross-section B, showing V -23-062 & V -23-063 in the context of adjacent holes along section and a simplified, schematic
geological model. Both holes, drilled as part of a fence across the northwestern part of the Valley target, demonstrates breadth of consistent
mineralization perpendicular to the northwest strike of the system in this area. View looks northwest. See Figure 1 for section location.
Table 3 – Summary of mineralization returned from current holes at Snowline’s Cliff Project, an early-stage orogenic gold target
located in the southwestern Yukon Territory . Various lesser intervals are present but not listed . *Interval widths reported; true
widths have not been determined.
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 2023 field 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 intervals 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
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.
Similar procedures were employed on the Cliff Project, though drill core was transported to
Whitehorse in advance of detailed logging and sampling.
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, mineralized intervals are defined as runs of mineralization with
no break >5.0 m assaying <0.1 g/t Au, including any subsections thereof.
ERRATA
In compiling previously released drill hole information, the Company noticed typographical
errors in the drill hole coordinates reported in news release summary tables for two holes from
the 2022 field season, V-22-028 (February 3, 2023 release) and V-22-031 (December 2, 2022
release). For correct UTM coordinates for these collar sites, please refer to the Company’s June
13, 2023 technical report on the Rogue Project . The typos appeared in the news release
summary tables only and did not affect locations shown on plan maps nor the cross sections
highlighting accompanying the tables in the same news releases.
ABOUT ROGUE
The Valley target on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage
style, reduced intrusion -related gold system (RIRGS), with geological similarities to multi -
million-ounce deposits currently in production such as Kinross’s Fort Knox Mine in Alaska
and Victoria Gold’s Eagle Mine in the Yukon. Early drill results demonstrate unusually high
gold grades for such a system , present near surface across drill intersections of hundreds of
metres. 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-
suite intrusion. Valley is an early -stage exploration project without a resource estimate, and
while initial results are encouraging, the presence or absence of an economically viable
orebody cannot be determined until additional work is completed.
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. The Rogue Project is thus considered by the Company to have district -
scale potential for additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a n eight-
project portfolio covering > 333,000 ha. The Company is exploring its flagship >94,000 ha
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 K.
Branson, M.Sc., P. Geo., VP Exploration of Snowline Gold Corp, as Qualified Person for the
purposes of National Instrument 43-101.
Figure 4 – 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 targets on the broader
30 x 60 km Rogue Project.