Snowline GOLD Intersects 1.27 Grams PER Tonne over 108.0 Metres IN Second Hole Returned from Its Bulk-Tonnage Valley Discovery, Rogue Project, Yukon
SNOWLINE GOLD INTERSECTS 1.27 GRAMS PER TONNE OVER 108.0 METRES IN
SECOND HOLE RETURNED FROM ITS BULK-TONNAGE VALLEY DISCOVERY,
ROGUE PROJECT, YUKON
• Hole V-21-001 averaged 1.27 g/t Au over 108 m from 19.5 m downhole, within a
broader mineralized zone averaging 1.09 g/t Au over 135 m from 5 m downhole.
• Entire 161 m hole averaged 0.95 g/t Au, ending in zone of gold mineralization.
• Geochemical signature consistent with classic reduced intrusion related gold system.
• Assays to follow for remaining 2 holes at Valley, both of which intersected similar
mineralization to reported holes V-21-001 and V-21-002.
Vancouver, B.C., January 31, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to provide additional initial drill results
from Phase I drilling at the Valley zone on its Rogue gold project in the Yukon Territory,
Canada. Hole V-21-001 intersected a broad zone of high gold values associated with visible
gold in sheeted vein arrays. The hole averaged 1.27 g/t Au (uncapped) over 108.0 m from 19.5
m downhole, within a broader zone of mineralization averaging 1.09 g/t Au (uncapped) over
135.0 m from 5.0 m downhole. These results build on the recently announced assay results for
Hole V -21-002 ( 1.01 g/t Au over 136.8 m; reported January 25, 2022) , demonstrating
encouraging grade continuity in the mineralized system.
Drillhole
ID
Coordinates (NAD83 Zn9) Orientation (True) Interval* (metres) Grade
(Au g/t) Easting Northing Azimuth Dip From To Width*
V-21-001 385917 7057833 175 -50 5.0 140.0 135.00 1.09
including 19.5 127.5 108.00 1.27
including 19.5 19.9 0.40 22.60
including 29.6 30.7 1.05 7.27
including 35.0 36.0 1.00 14.85
including 44.6 45.1 0.5 13.25
“This second set of drill results confirms the tenor of the Valley discovery,” said Scott Berdahl,
CEO and director of Snowline. “ We are excited to see such consistent mineralization within
and between our first two holes. This is a very strong start and gives us a lot to build on in the
upcoming 2022 exploration season. Given the scale of the associated soil anomaly and the
distribution of sheeted vein arrays we have seen on surface, there appears to be a lot of high
potential ground to explore as we test the extents of this mineralized system . My
congratulations again to the Snowline technical team on their second significant drill discovery
in our first field season—this is a remarkable achievement.”
Table 1 – Hole details and notable intervals in V-21-001. Localized hot spots of up to 22.6 g/t Au (over 0.4 m) were present
in the mineralized interval, particularly in the top 45 m of the hole, but overall grades are otherwise relatively consistent.
With grades capped at 10 g/t Au, the top two intervals return 1.00 g/t Au over 135 m and 1.17 g/t over 108.0 m. This capping
reduces the effect of “smearing” of high-grade results across lower grade zones of the intervals.
*Interval widths reported; at this point there is insufficient data to reliably estimate true widths of the zone.
Drill hole V-21-001 totalled 161 m in length and averaged 0.95 g/t Au over the full 160.5 m
(excluding the top 0.5 m of overburden which was not assayed). The hole ended in elevated to
anomalous gold mineralization, with the final 7.0 m of drilling averaging 0.34 g/t Au, including
1.65 g/t Au over 0.55 m from 159.0 m carrying trace visible gold.
Figure 1 – Gold assay results (yellow) for cross-section of drill holes V-21-001 (upper) and V-
21-002 (lower) plotted against simplified lithologies. For the purposes of plotting, assay
values for V-21-001 are capped at 10 g/t Au.
Based on the geological setting, the style of mineralization observed and on geochemical and
mineral associations observed in drill core, Valley is interpreted to be a reduced intrusion
related gold system (RIRGS). Elsewhere, RIRGS gold deposits are known to form important
commercial gold resources, including Victoria Gold Corp.’s Eagle Mine in the Yukon and
Kinross Gold Corporation’s Fort Knox Mine in Alaska. Both deposits are hosted in intrusive
rocks thought to be associated with those at Valley.
Valley is currently a discovery-stage bulk-tonnage prospect with no estimated resources nor
reserves. At this early stage it is not possible 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 survey results. Anomalous gold -in-soils defines a WNW -ESE trend
some 900 m in length, roughly parallel to sheeted quartz vein arrays that span the edge of the Valley intrusion. Certain rock samples that
yield >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 targeted 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 – Grains of visible gold in V-21-001, at 19.6 m, 19.7 m and 36.1 m downhole in the first hole on the Rogue project’s “Valley” target.
Photos above are not consistently scaled. Native gold grains observed to date vary in size from 0.1 mm to 0.5 mm and are comm only
accompanied by bismuthinite and tellurides (shiny grey minerals). 31 instances of veins carrying visible gold we observed in V -21-001,
including one within 2 m of the bottom of the hole. Assays for samples carrying visible gold ranged from 0.088 g/t Au over 0.5 m to 22.6 g/t
Au over 0.4 m.
FORTHCOMING RESULTS
Assay results for V -21-003 and V -21-004 have yet to be received. Both 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.
Figure 5 – Sheeted vein arrays observed in drill holes V-21-003 (left) and V-21-004 (right). Subparallel, millimetre- to centimetre-
scale quartz veins similar to those observed in V-21-001 and V-21-002 are present across wide zones in all four 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 g reater
density in the silicified diorites (left) versus the hornfelsed siltstones (right). Assays for these drill holes are pending.
Figure 4 – Gold values in Valley holes V-21-001 and V-21-002 plotted against silver, arsenic, bismuth and tellurium. Larger circles
indicate samples in which visible gold was observed during core logging. Background colours reflect point densities. Samples with
assays >10g/t Au and <0.05 g/t Au have been removed to reduce the influence of outliers and non -mineralized samples on
correlation. The “buckshot” appearance of data points on the top two plots for silver and arsenic show little to no relationship
between those elements and gold . The more constrained distribution s on the bottom two plots for bismuth and tellurium show
that samples with high gold values are also high in these elements. This demonstra tes the association of gold with bismuth and
telluride minerals, a fingerprint of reduced-intrusion related gold systems.
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 diamond drill under contract and on site at Valley, overwintering
for a quick and cost -effective resumption of drilling in Spring 2022. Given th e 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 3000+ m drill program is planned at
Valley to establish the scale and continuity of the mineralized zone.
Figure 6 – 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.
QA/QC AND QUALIFIED PERSON
On receipt from the drill site, drill core from V-21-001 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
by Snowline personnel to ALS Laboratories’ preparatory facility in Whi tehorse, 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). 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).
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 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. 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 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”, “sho uld”, “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.