Snowline GOLD Expands Its Rogue Project 80% BY Staking Open Ground Across Rogue Plutonic Complex and Activates Second Drill
SNOWLINE GOLD EXPANDS ITS ROGUE PROJECT 80% BY STAKING OPEN
GROUND ACROSS ROGUE PLUTONIC COMPLEX AND ACTIVATES SECOND DRILL
• Snowline stakes an additional ~40,000 hectares on its Rogue Project, securing nearly
all remaining open mineral tenure over the regional geological feature hosting the
Valley discovery and other gold targets
• Additional staking on surrounding Cynthia, Einarson and Ursa projects further
consolidates Company position in broader Selwyn Basin gold district, increasing
overall Yukon Territory land position by 20% to roughly 333,900 hectares
• Drilling ongoing at Valley, with second drill active and 106 instances of visible gold
observed in top 337 m of V-23-034 accompanied by high quartz vein densities.
Vancouver, B.C., June 9, 2023: SNOWLINE GOLD CORP. ( TSX-V: SGD) (OTC QB:
SNWGF) (the “ Company” or “ Snowline”) is pleased to announce that it has staked
substantially all remaining open ground over the Rogue Plutonic Complex, the broad
geological feature responsible for gold mineralization at the Rogue Project’s Valley discovery
and other nearby reduced intrusion-related gold system (RIRGS) targets. This staking expands
Snowline’s 100% owned Rogue Project by roughly 80% to 94,3 97 hectares (94 4 km2) and
consolidates th e 60x30 km geological feature for systematic, comprehensive exploration.
Additional strategic and targeted staking on the Company’s surrounding Cynthia, Einarson and
Ursa projects brings its total Yukon Territory mineral tenure holdings to 333, 900 hectares
(~3,339 km2). The increased land position solidifies Snowline’s competitive advantage in an
emerging gold district host to multiple gold discoveries and mineralization styles.
Figure 1 – The Rogue Plutonic Complex (red), showing Snowline Gold’s newly staked claims (yellow squares) against the Company’s
pre-existing Rogue Project (medium blue). The new staking consolidates the regional plutonic complex into a contiguous project.
“We know from our 2022 drill results at Valley that the Rogue Plutonic Complex has the
necessary geological ingredients to produce a significant gold system ,” said Scott Berdahl,
CEO and director of Snowline Gold. “The Valley discovery highlights the geological potential
of the rest of this regional-scale geological feature, where limited historical work and our own
efforts have produced an abundance of intriguing results, anomalies and discoveries. We have
actively built, progressively and systematically, not just a first-mover position but effectively
an ‘only-mover’ position in a fertile area that we believe has the potential to become a new
gold district. We can now comprehensively and responsibly explore this area, focusing not only
on advancing our existing targets but on making additional discoveries as well.”
In addition to staking, the Snowline technical team has been compiling and digitizing historical
work from various campaigns in the Rogue project area carried out in the late 1960s, early
1980s and mid-1990s, adding it to the Company’s extensive database from the work done in
and around the project area in the early 2010s and recently by the Company itself.
AREAS OF INTEREST
Roughly 21% of the 2,530 newly staked claims fall within or partly within the fixed 2 km areas
of interest (AOIs) defined in Snowline (formerly Skyledger Tech Corp)’s December 1, 2020
deal with Yukon -based company 18526 Yukon Inc., through which Snowline acquired its
extensive Yukon datasets and its initial Yukon mineral properties. Claims staked within the
AOIs are subject to a 2% net smelter return (NSR) and are incorporated into existing buy-down
provisions which allow Snowline to reduce NSR to 1% on a project -by-project basis. 18526
Yukon Inc. is a privately held project generation company that is owned 40% by Snowline’s
CEO and Director Scott Berdahl. The r emaining 79% of newly staked claims have no
underlying royalties.
EXPLORATION UPDATE
V-23-034
Drill hole V -23-034 encountered moderate to high quartz vein densities in granodiorite
throughout the length of the 425 m hole, with 106 observations of trace visible gold distributed
within quartz veins in the top 337 m of the hole. It is collared roughly 100 m to the north of V-
22-007 (410.0 m @ 1.89 g/t Au from surface including 146.0 m @ 3.24 g/t Au, see Snowline
news release dated November 15, 2022), 80 m southeast of V-22-029 (558.7 m @ 1.26 g/t Au
from surface including 202.0 m @ 2.04 g/t Au, see Snowline news release dated February 24,
2023), and 200 m to the northeast of V-22-010 (318.8 m @ 2.55 g/t Au including 108.0 m @
4.14 g/t Au from surface, see Snowline news release dated October 12, 2022 ). At least three
distinct vein orientations have been recogn ized, with gold mineralization present in all three.
Quartz vein densities and frequency of observation of visible gold within the top 337 m are
comparable to those seen in these earlier highlight holes. The final 40 m of the hole, from
roughly 385 to 425 downhole, had high quartz vein densities but no visible gold and a lower
abundance of bismuth and tellurium indicator minerals. Assays are pending for this hole.
The first drill rig has moved and commenced drilling on V-23-036.
Figure 2 – Drilling to date at the Rogue Project’s Valley Zone, showing assays received to date (top) and vein densities alongside
instances of visible gold observed during logging (bottom). High quartz vein densities and abundant trace visible gold in V-23-034 indicate
strong continuity and width to the near-surface mineralized corridor that has carried the highest grades and largest intersections seen in
previous holes. Analytical results for this zone consistently carry unusually high grades for a reduced intrusion-related gold system.
Figure 3 – Quartz vein mineralization in V -23-034, from 158.7 to 194.5 m downhole, a subset of a
much larger run of similar moderate to high quartz vein density beginning at bedrock surface (Figure
2). At least three generations of sheeted quartz veins are accompanied by abundant trace instances
visible gold, denoted by orange flagging tape above the NQ2-sized (5.1 cm diameter) drill core.
Second Rig & V-23-035
A second rig has commenced drilling on the Rogue Project’s Valley target. At the time of
writing, 168 m of core from V -23-035, Snowline’s second drill hole of 2023, have been
received by the core shack and logging has begun. The hole thus far has seen continuous vein
densities of 5 -7 veins per metre in granodiorite, with 16 instances of visible gold observed
throughout this length.
Figure 4 – Updated project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson,
Ursa, Cynthia and Olympus.
ABOUT ROGUE
The Valley Zone 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 hos ted in sheeted quartz
vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-
series intrusion. Valley is an early -stage exploration project without a resource estimate, and
while initial results are encouraging, the pre sence 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’ 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 and approved by Thomas Branson, P. Geo., Vice
President of Exploration for Snowline and a Qualified Person for the purposes of National
Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding
mineralization intensity based on visual observations of drill core, the comparison of vein
intensity and visible gold mineralization in V-23-034 to previous highlight holes, the potential
for investors to participate in multiple future discoveries, the Rogue project having district -
scale prospectivity, 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 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 that 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.