Snowline GOLD Expands Valley GOLD Mineralization to >2 Km with Discovery of Ridge Zone ON Its Rogue Project, Yukon
SNOWLINE GOLD EXPANDS VALLEY GOLD MINERALIZATION TO >2 KM WITH
DISCOVERY OF RIDGE ZONE ON ITS ROGUE PROJECT, YUKON
• Snowline has discovered the “Ridge” zone, a 1.0 km stretch of anomalous gold in
soils, talus fines and rock samples on the northeast shoulder of the Valley intrusion
• Gold-bearing sheeted quartz veins within this new zone similar are to those hosting
Snowline’s 2021 Valley drill discoveries
• Ridge zone significantly increases bulk-tonnage scale potential and further
demonstrates fertility of the Valley intrusion.
• Vancouver, B.C., March 10, 2022: SNOWLINE GOLD CORP. (CSE: SGD | US
OTC: SNWGF) (the “Company” or “ Snowline”) is pleased to announce additional
surface sampling results from its “Ridge” zone, immediately adjacent to its Valley
discoveries on its Rogue gold project in the Yukon Territory, Canada. Contour soil and
talus fine samples as well as rock grab samples reveal a 1.0 km zone of anomalous gold
concentrations on the northeast edge of the Valley intrusion associated with sheeted
quartz veins arrays . A continuous stretch of 18 contour soil and talus fine samples
spanning 750 m within the zone averaged 0.21 ppm Au, with values up to 0.758 ppm
Au. The zone is open in all directions.
“These reconnaissance sampling results significantly expand the scale of the mineralized
system at Valley,” said Scott Berdahl, CEO and director of Snowline Gold. “ The tenor of our
September 2021 drill discoveries, with drilled intersections of up to 1.25 g/t Au over 168.7 m
from surface, provide context for the i nherent potential of this sibling zone, located on an
Figure 1 – Soil, talus fines , rock and magnetic results around the Valley intrusion delineates an open, 1.0 km zone of anomalous gold
concentrations to 0.758 g/t Au in soils near sheeted quartz vein arrays. Background colours show detailed total magnetic field data, with pinks
and purples denoting high field values and blues low.
adjacent shoulder of the Valley intrusion and exhibiting a similar style of mineralization .
Overall, the broader Valley area is looking more and more like the type of large, robust gold
system that we founded Snowline Gold Corp to find. With a drill parked on site, permits in
place and a strong treasury, we are looking forward to an exciting and discovery -filled
exploration season in 2022.”
In addition to locating additional sheeted vein arrays , prospecting by Snowline’s field team
confirmed historical discoveries of arsenopyrite vein material sourced from the Ridge zone,
just outside of the Valley intrusion. Historical grab sample assays of this material run as high
as 152 g/t Au, and check assays by Snowline and an independent qualified person hired by the
Company returned up to 58.4 g/t Au. While this occurrence was known to the Company, the
extent of high gold values in soils, talus fines and rock samples and the extent of sheeted
veining demonstrate the presence of a significant new zone for targeted future exploration.
Higher on the ridge and farther east of the intrusion, prospecting by Snowline personnel
encountered mineralized dikes, additional gold bearing sulphide veins and skarn-like alteration,
demonstrating the extent and fertility of the Valley reduced -intrusion related gold system
(RIRGS). These observations suggest that the intrusion itself may laterally beneath
sedimentary units to the east, in the direction of Snowline’s adjacent “Gracie” RIRGS prospect.
Figure 2 – Discovery outcrop at Snowline Gold’s Ridge target. A dense array of sheeted quartz vein s cut
weathered quartz diorite, striking roughly parallel to similar vein arrays drilled at the nearby Valley zone in
2021. Grab samples of quartz vein and intrusive material in this vicinity assay up to 10.1 g/t Au.
UPCOMING EXPLORATION
With over $8.5M CAD in the treasury , Snowline is actively preparing for a busy 2022
exploration season. The upcoming program will see at least two drills turning on an 8,000+ m
program focused on the Company’s Valley and Jupiter discoveries along with nearby targets.
This work continues to build toward establishing North America’s newest gold district in the
Yukon’s Selwyn Basin.
The Company currently has a diamond drill under contract and on site at Valley, overwintering
for a quick and cost -effective resumption of drilling in Spring 2022. Given the scale of the
associated geochemical anomaly , the extent of sheeted veins observed on surface and the
potential for high vein den sities within the intrusion , a 3000+ m drill program is planned at
Valley to better understand the scale and continuity of the mineralized zone.
QA/QC AND QUALIFIED PERSON
Soil, talus fine and rock samples were collected by Snowline staff and contractors. Soils and
talus fines were air dried in camp. Rock samples were photographed during sampling. Standard
reference materials, blanks and duplicate samples were inserted by Sn owline 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 and by Snowline personnel
to ALS Laboratories’ preparatory facility in Whiteh orse, Yukon, with analysis completed in
Vancouver.
ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. Rock samples
were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits
were pulverized to >85% passing below 75 microns. An aqua regia digest with an inductively
coupled plasma mass spectroscopy (ICP-MS) finish was used for 51-element analysis on 50 g
samples (ALS code: Au-ME-TL44). Any rock sample returning >50 ppb Au was re -analysed
for gold content by fire assay with an inductively coupled plasma atomic emission spectroscopy
(ICP-AES) finish on 30 g samples (ALS code: Au -ICP21). Any sample returning >10 g/t Au
was reanalysed by fire assay with a gravimetric finish on a 50 g sample (ALS code : Au -
GRA22).
Figure 3 – Composite, panoramic view of the Ridge zone. Extensive gossans occur within and above the edge of the Valley intrusion, which runs
along the lower half of the mountainside in this photo. Eighteen contour soil and talus fine samples across 750 m at the break in slope midway up
the mountainside averaged 0.21 ppm Au, with values up to 0.758 ppm Au . Additional soil and rock samples suggest an overall extent to the zone
exceeding 1.0 km. View looks northeast from the eastern end of the Valley geochemical anomaly shown in Figure 1.
Soil and talus fine samples were further dried on receipt at the laboratory at temperatures <60°C
and sieved to <180 micron (80 mesh). An aqua regia digest with a combined ICP-MS and ICP-
AES finish was used for 51-element analysis on 50 g samples (ALS code: AuME-ST44).
While talus fine and soil samples are collected and processed in the same fashion, they are
slightly different sample mediums, as talus fines represent a more primary material as derived
from bedrock.
Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief
Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument
43-101.
Figure 4 – Valley zone location map in relation to surroundi ng Snowline Gold Corp. projects. Valley is the
westernmost in an east-west line of 3 small intrusive bodies, each of which appears to have potential to host
an intrusion-related gold deposit or deposits.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven -
project portfolio covering > 100,000 ha . The Company is exploring its flagship 72,000 ha
Einarson and Rogue gold projects 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, N ewmont’s
Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides
a unique opportunity for investors to be part of multiple discoveries and the creation of a new
gold district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo
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 about the
Company reviewing its newly acquired project portfolio to maximize value, reviewing options
for its non -core assets, including targeted exploration and joint venture arrang ements,
conducting follow -up prospecting and mapping this summer and plans for exploring and
expanding a new greenfield, district -scale gold system. 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 ba sed 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 obli gation to update or revise them to reflect new events or
circumstances, except as required by law.