Snowline GOLD Intersects 2.3 Grams PER Tonne GOLD over 282.9 Metres at Its Valley Zone and Commences Drilling at Gracie, Rogue Project, Yukon
SNOWLINE GOLD INTERSECTS 2.3 GRAMS PER TONNE GOLD OVER 282.9 METRES
AT ITS VALLEY ZONE AND COMMENCES DRILLING AT GRACIE, ROGUE PROJECT,
YUKON
• The top of drill hole V-22-007 returned 2.30 g/t Au over 282.9 m from bedrock
surface, including 3.24 g/t Au over 146.0 m from 56.0 m downhole
• Assays for bottom 127.1 m of drill hole V-22-007 still pending
• Hole V-22-005 returned 1.52 g/t Au over 192.0 m from 132 m downhole, within a
broad interval of 1.03 g/t Au over 331.3 m from bedrock surface to end of hole
• First-ever drilling commenced at Gracie Zone, with visible gold observed in G-22-001
• Drilling ongoing at both targets, assays pending for majority of program.
Vancouver, B.C., August 24, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “ Company” or “ Snowline”) is pleased to announce to announce initial,
preliminary1 assay results from its 2022 drilling program at the Valley Zone, Rogue Project,
Yukon, and to provide a general exploration update . Holes V -22-005 and V -22-007 each
intersected broad zones of mineralization averaging >1.5 g/t Au over significant widths. V-22-
007 averaged 2.30 g/t Au over 282.9 m from bedrock surface to 288.0 m depth, with assays
still pending past that point for the bottom 127.1 m (31% of the total hole).
Drillhole ID Interval* (metres) Grade
(Au g/t) From To Width*
V-22-005 7.7 339.0 331.30 1.03
including 132.0 324.0 191.95 1.52
V-22-007** 5.1 288.0 282.91 2.30
including 56.0 202.0 146.00 3.24
“Our initial assay results demonstrate increasing scale and fertility in the Valley Zone,” said
Scott Berdahl, CEO & Director of Snowline. “In an aggressive step back 154 m to test the
width of the system with Hole V-22-005 and an aggressive step out 340 m along the length of
the system with V-22-007 we’ve encountered grades and intervals greater than those of our
discovery holes last season. These high grades are associated with unusually high quartz vein
densities that are present across a large area . The presence of consistent grade s from near
surface is also encouraging as it improves the potential economics of the prospect. The Valley
Table 1 –Preliminary h ighlight intervals from the Valley Zone. Holes V -22-005 and V -22-007 both
intersected a broad central corridor of abundant sheeted quartz veins cutting through the Valley intrusion.
*Interval widths reported; true widths of the system are not yet known and may be gradational. **Only the
top 282.91 m of V-22-007 have been received to date; assays for the bottom 127.1 m of the hole still pending.
discovery is a work in progress —we eagerly await the remainder of results for V-22-007 and
for many other holes from this year’s ongoing drill campaign.”
HOLE V-22-007
Hole V-22-007 was collared in the Valley intrusion and remained in the intrusion for its entire
length. Moderate to strong (>15 veins/metre) quartz vein intensities occur regularly throughout
the hole.
Gold grades within V -22-007 exhibit a high degree of consistency . 168 of 232 samples —
representing 204.85 m (non-contiguous) or 72.4% of the 282.9 m length of the interval returned
to date—assayed higher than 1.0 g/t Au. Conversely only five samples —representing 6.5 m
(again, non-contiguous) or 2.3% of the length of the hole returned to date—assayed below 0.2
g/t Au, with the lowest assay for the hole returning 0.152 g/t Au over 0.5 m. When capped at
10 g/t Au, the interval received to date (282.91 m) drops by just 0.05 g/t Au from an average
of 2.30 g/t Au to 2.25 g/t Au (Table 2).
Only partial results from hole V-22-007 have been received at this time . For expediency in
processing, the top 282.9 m of the hole were shipped when ready on an available supply flight,
independently of the bottom 127.1 m. Results for the remainder of the hole will be released
when available.
Figure 1 – Cross section showing V-22-007 assay results in the context of vein densities in surrounding holes. Vein densities similar to
those seen in V-22-007 are also observed near surface in V -22-014 and at depth in V -22-015. View looks northwest along the strike of
the system. The surface trace of the B to B’ cross section shown can be seen in Figure 5.
Figure 2 – Quartz vein mineralization in V -22-007, from 133.5 m to 159.9 m downhole, as shown previously in the
Company’s June 30, 2022 news release. This interval returned an average of 3.17 g/t Au, within a broader interval averaging
3.24 g/t Au over 146.0 m from 56.0 m to 202.0 m downhole.
HOLES V-22-005 AND V-22-006
Holes V-22-005 and V-22-006 were drilled along section with 2021 discovery hole V-22-003
(1.25 g/t Au over 168.7 m from bedrock surface – see Snowline news release dated February
10, 2022) to test the local width of the mineralized quartz vein system.
Hole V-22-005 was collared in the Valley intrusion as a 154 m step back from V-21-003 to test
width of the system. The hole averaged 1.03 g/t Au across its entire 331.30 m length, including
191.95 m averaging 1.52 g/t Au from 132.0 m downhole. As with V-22-007, capping of assays
at 10 g/t Au only diminishes overall grade by 0.05 g/t Au (Table 2), demonstrating the
widespread and relatively consistent nature of gold mineralization.
Hole V-22-006 was collared at the same site as V -22-005 and drilled to the northeast as a
further test of the width of the system. The hole encountered sheeted quartz vein mineralization
in diorite, averaging 0.23 g/t over its entire 301.0 m length with broadly consistent grades and
mineralization to the end of the hole.
Figure 3 – Cross section showing V -22-005 and V-22-006 assay results in the context of surrounding holes. The view looks
northwest along the strike of the system, with the width of the system open to the northeast and open to depth. The surface
trace of the A to A’ cross section can be seen in Figure 5.
Figure 4 – Quartz vein mineralization in V -22-005, from 264.3 m to 277.4 m downhole, as shown previously in the
Company’s June 30, 2022 news release. This interval returned an average of 1.09 g/t Au, within a broader interval averaging
1.52 g/t Au over 192.0 m from 132.0 m to 324.0 m downhole.
Easting Northing Azimuth Dip From To Width*
V-22-005 386063 7057920 220 -60 339.0 7.7 339.0 331.30 1.03 0.98
including 132.0 324.0 192.00 1.52 1.44
including 300.5 302.0 1.50 20.10 10.00
remainder 139.30 0.36 0.36
V-22-006 386063 7057920 35 -55 301.0 6.4 301.0 294.58 0.23 0.23
including 6.4 119.0 112.60 0.30 0.30
including 56.5 58.0 1.46 9.32 9.32
remainder 181.98 0.18 0.18
V-22-007** 386269 7057713 220 -55 288.0** 5.1 288.0 282.91 2.30 2.25
including 56.0 202.0 146.00 3.24 3.14
including 84.5 86.0 1.50 13.55 10.00
including 99.5 101.0 1.50 9.73 9.73
including 108.0 109.0 1.00 10.75 10.00
including 186.5 187.0 0.50 27.70 10.00
remainder 136.91 1.30 1.30
Capped
@10 g/t Au
(Au g/t)
Total
Depth (m)Drillhole ID
Coordinates (NAD83 Zn9) Orientation (True) Interval* (m) Grade
(Au g/t)
Table 2 – Summary of all 2022 drill hole assay results received to date. Holes V-22-005 and V-22-006 are mineralized along their entire lengths,
and V-22-007 carries anomalous grades along the entire 282.91 m interval received to date. Several zones of higher grades are present , but
capping these at 10 g/t Au shows that the intervals are carried by robust mineralization along their lengths. *Interval widths reported; true widths
of the system are not yet known and may be gradational. **Only the top 282.91 m of V-22-007 have been received to date; assays for the bottom
127.1 m of the hole still pending.
Figure 5 – Drilling progress at the Valley Zone, showing vein densities (top) and instances of visible gold (bottom). Instances
of trace visible gold in quartz veins have been identified along roughly 1000 m of strike length to date, between holes V-21-004
and V-22-022.
VALLEY DRILLING UPDATE
Two drills are active at Valley, with 6,750 m drilled on the target so far this season for 7,554
m total drilled on the target to date. Drilling to the southeast of previous holes has extended the
known strike length of the mineralization to >1 km, with lower vein densities to the extreme
southeast. Hole V-22-024 was drilled roughly 1.3 km southeast of V-21-004 to test a magnetic
low thought to be a potential southeastern extension of the Valley. Dioritic dikes up to 26.2 m
drilled width (true width unknown) were encountered in drill core, but the hole was primarily
hornfels and sediment, with light quartz veining.
GRACIE ZONE DRILLING
Initial drilling has also commenced at the nearby Gracie Zone, with sparse quartz-bismuthinite
veins and 3 instances of trace visible gold encountered in G-22-001, the first-ever drill hole
into the target.
The hole , drilled to a total depth of 380.16 m, intersect ed a deformed and hornfelsed
sedimentary succession. The rocks intersected in the hole predominantly exhibit biotitic and
sericitic alteration with moderate silicification and minor carbonatization. Disseminated to
semi-massive pyrrhotite, pyrite and chalcopyrite are associated with a lteration and quartz -
carbonate-sulphide veins, up to 2 cm in width, that comprise pyrrhotite, pyrite, chalcopyrite
and bismuthinite with visible gold hosted in the veins at 62.9 m, 265.8 m and 275.5 m. Locally,
Figure 6 – Initial holes at Gracie, showing the locations and vein densities in the context of surface geochemistry. G-22-
001 intersected silicification and mostly light to locally moderate quartz veining, with 3 instances of visible gold. G-22-002
intersected fractured sedimentary rocks with light veining and was discontinued at 165 m. Assays for both holes are pending,
and drilling at Gracie is ongoing.
vein densities are up to 5 veins/metre, though more typical is 0.5-1 vein/metre over the length
of the hole. Assays for this hole are pending,
ABOUT ROGUE
The geological setting and style of mineralization at Rogue’s Valley Zone indicate the presence
of a bulk tonnage gold target, with similarities to Kinross’s Fort Knox Mine in Alaska and
Victoria Gold’s Eagle Mine in the Yukon. Gold is associated with bismuthinite and telluride
minerals hosted in sheeted quartz vein arrays along the margins of a mid -Cretaceous aged
Mayo-series intrusion. The Rogue Project hosts multiple intrusions of similar age and affinity
to that at Valley along with widespread gold anomalism in stream sediment, soil and rock
samples. The project is thus considered by the Company to have district-scale prospectivity for
reduced-intrusion related gold systems.
Valley is an early -stage exploration project without a resource estimate, and the presence or
absence of an economically viable orebody cannot be determined until significant additional
work is completed.
QA/QC
On receipt from the drill site, Valley’s NQ -sized drill core was systematically logged for
geological attributes, photographed and sampled at Snowline’s 2022 field camp. Sample
lengths as small as 0.5 m were used to isolate features of interest, 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) collected for analysis and one half stored as a record.
Standard reference materials, blanks and duplicat e 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’ p reparatory facility in Whitehorse, Yukon, with analyses
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. A four-acid digest with an inductively coupled
plasma mass spectroscopy (ICP-MS) finish was used for 48-element analysis on 0.25 g sample
pulps (ALS code: ME-MS61L). All samples were analysed for gold content by fire assay with
an atomic absorption spectroscopy (AAS) finish on 30 g samples (ALS code: Au-AA23). Any
sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g
sample (ALS code: Au-GRA21).
Samples with visible gold and other samples returning >2.0 g/t Au by fire assay, along with a
set of randomly selected samples, will undergo further processing, analysing the screen rejects
to determine whether the screening process could introduce a sampling bias in c urrent results
by excluding coarse gold from analysis, resulting in an under -reporting of true grades. Other
biases are also possible.