Snowline GOLD Intersects 1.01 Grams PER Tonne over 136.8 Metres IN First Hole Returned from Its Bulk-Tonnage Valley Discovery, Rogue Project, Yukon
SNOWLINE GOLD INTERSECTS 1.01 GRAMS PER TONNE OVER 136.8 METRES IN
FIRST HOLE RETURNED FROM ITS BULK-TONNAGE VALLEY DISCOVERY, ROGUE
PROJECT, YUKON
• Snowline’s initial drill campaign on the recently discovered Valley zone intersected
the targeted sheeted vein arrays with visible gold in all four holes.
• Hole V-21-002 averaged 1.01 g/t Au over 136.75 m from 35.25 m downhole, within a
broader mineralized zone averaging 0.85 g/t Au over 186 m.
• Assays to follow for 3 of 4 holes at Valley, all of which intersected similar
mineralization to V-21-002.
• A diamond drill is currently on-site at Valley, ready to advance target in Spring 2022.
Vancouver, B.C., January 25, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “Company” or “ Snowline”) is pleased to announce initial drill results from
Phase I drilling at the Valley zone on its Rogue gold project in the Yukon Territory, Canada.
Hole V-21-002 intersected a broad zone of gold mineralization associated with visible gold in
sheeted vein arrays. The hole averaged 1.01 g/t Au over 136.75 m from 35.25 m downhole,
within a broader zone of mineralization averaging 0.8 5 g/t Au over 18 6.0 m from 31.5 m
downhole. These results mark the in-situ discovery of a potentially significant gold system and
demonstrate the fertility of the bulk-tonnage Valley gold target.
Drillhole
ID
Coordinates (NAD83 Zn9) Orientation (True) Interval* (metres) Grade
(Au g/t) Easting Northing Azimuth Dip From To Width*
V-21-002 385917 7057833 175 -70 31.5 217.5 186.00 0.85
including 35.3 172.0 136.75 1.01
including 36.8 38.9 2.10 3.49
including 50.0 50.7 0.65 9.67
including 119.0 119.8 0.80 5.48
“This is Snowline’s second significant drill discovery in as many drill programs in 2021,”
commented Scott Berdahl, CEO and director of Snowline. “We launched the company around
the idea of an unrecognized gold district hiding in a relatively unexplored package of
prospective rocks here in the Yukon ’s Selwyn Basin . Beyond our excitement for the Valley
discovery itself, we are similarly excited at the implications these results have toward
validating our district -scale exploration thesis. With two discoveries in hand and many
additional prospective targets, we are eager to get started on our 2022 exploration season.”
Drill hole V-21-002 totalled 242 m in length and averaged 0.69 g/t Au over 239 m (excluding
the top 3 m of overburden which was not assayed). The hole ended in elevated to anomalous
Table 1 – Hole details and notable intervals in V-21-002. Localized hot spots of up to 9.67 g/t Au over 0.65 m were present
in the mineralized interval, bu t overall grades are otherwise relatively consistent. *Interval widths reported; at this point
there is insufficient data to reliably estimate true widths of the zone.
gold mineralization, with the final 6.5 m of drilling averag ing 0.25 g/t Au, including 1.0 1 g/t
Au over 0.5 m from 235.5 m.
“These results and related geochemical metal associations with bismuth and tellurium
conclusively characterize Valley as a classic reduced intrusion -related gold system ,”
commented Snowline chair and director Dr. Craig Hart, an internationally recognized expert
on this deposit type. “It has lots of similarities to Kinross’ Ft. Knox Gold Mine in Alaska and
Victoria Gold’s Eagle Gold Mine in the Yukon, and most importantly these early results yield
Figure 1 – Gold assay results (yellow) for V-21-002 plotted against lithologies for holes V-21-
001 & V-21-002. Both holes crossed large zones of hornfels associated with the emplacement
of the Valley stock, with intense silicification often obscuring original lithologies.
some very good grades. These systems are well understood, and these early Valley drill holes
are in just one shoulder of the system - so there is still lots of room to follow-up.”
V-21-002 was collared in hornfels Ordovician siltstones of the Road River group on the edge
of a newly-discovered Cretaceous-aged felsic intrusion belonging to the fertile Mayo plutonic
suite. It was drilled obliquely towards the intrusion and encountered alternating zones of
sediments and intrusive rocks, interpreted as dikes along the edges of the Valley stock.
Gold is thought to be carried primarily in arrays of subparallel (“sheeted”), low-sulphide quartz
veins present throughout the core, with the total volume of quartz in each sample acting as a
control on grade. Trace amounts of visible gold was observed in sixteen veins along the hole,
commonly associated with bismuthinite.
Valley is a discovery-stage bulk-tonnage prospect with no estimated resources nor reserves. It
is still too early-stage to determine the size of the mineralized system nor whether it will prove
to be economically viable.
Figure 2 – Drill hole locations at Valley atop soil, rock and magnetic surveying results. Anomalous gold in soils defines a WNW-ESE trend
some 900 m in length, roughly parallel to sheeted quartz veins that span the edge of the Valley intrusion. Certain rock sampl es >5 g/t Au
are labeled with pink haloes. High -resolution magnetic data captured by drone surveying shows a pronounced magnetic low (blue) over
the centre of the intrusion, and a magnetic high (pink) owing to hornfels alteration. Holes V -21-001 & 002 targe ted local structures in a
hornfels roof/shoulder pendant in addition to sheeted vein arrays , whereas holes V -21-003 and 004 were drilled to target the sheeted
vein arrays themselves.
V-21-003
V-21-001
V-21-002
Historic grabs to
152.0 g/t Au
15.95
5.97
9.13
11.7
V-21-004
Figure 3 – Valley zone location map in relation to surrounding 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.
FORTHCOMING RESULTS
Samples for V-21-002 were processed by the lab before the first Valley drill hole, V-21-001.
Assays from V-21-001 are further delayed by 4 overlimit triggers (assays >10 g/t Au) across a
total, non-contiguous core length of 1.9 m. As with V -21-002, all three remaining holes at
Valley intersected trace amounts of visible gold in drill core along with extensive zones of
sheeted quartz veins. Full results from these holes are expected in the coming weeks.
UPCOMING EXPLORATION
With over $8.6M CDN 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 Jupiter and Valley 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 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
higher vein densities within the intrusion , a program of grid drilling is planned at Valley to
establish the scale and continuity of the mineralized zone.
QA/QC AND QUALIFIED PERSON
On receipt from the drill site, drill core from V-21-002 was systematically logged for geological
attributes, photographed and sampled at Snowline’s 2021 field camp. Smaller sample lengths
were used to isolate zones of interest, otherwise a default 1.5 m downhole sample length was
used. Core was cut in half lengthwise, with one half collected for analysis and one half stored
as a record. Standard reference materials, blanks and duplicate samples 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 and
Figure 4 – Sheeted vein arrays observed in holes V-21-003 (left) and V-21-004 (right). Subparallel, millimetre- to centimetre-scale
quartz veins similar to those observed in V-21-002 are present across wide zones in all 4 holes drilled at Valley in 2021. The density
of veins increases towards the intrusion, as expected for this deposit model and as illustrated by the greater density in the silicified
diorites (left) versus the hornsels siltstones (right). Assays for these holes are pending.
by Snowline personnel to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with
analysis completed in Vancouver.
ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. 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). All samples were 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).
Samples with visible gold and other samples returning >5 g/t Au will undergo further
processing, analysing the screen rejects to determine whether the screening process could
introduce a sampling bias in current results by excluding coarse gold from analysis.
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.
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 Prov ince, 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. 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 vent ure arrangements,
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”, “a nticipate”, “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 materi ally 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 th e 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 t hat 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.