Snowline GOLD Intersects 2.5 Grams PER Tonne GOLD over 128.2 M from Surface Within 285.2 M of 1.4 Grams PER Tonne GOLD at Its Valley Zone, Rogue Project, Yukon
SNOWLINE GOLD INTERSECTS 2.5 GRAMS PER TONNE GOLD OVER 128.2 M FROM
SURFACE WITHIN 285.2 M OF 1.4 GRAMS PER TONNE GOLD AT ITS VALLEY ZONE,
ROGUE PROJECT, YUKON
• Hole V-22-014 returned 1.45 g/t Au over 285.2 m, including 2.48 g/t Au over 128.2
m from bedrock surface in 160 m step-out from previous holes
• Full results in for V-22-007 returned 1.89 g/t Au over 410.0 m (entire length in
mineralization), including previously announced 3.24 g/t Au over 146.0 m
• Results further demonstrate scale and strong continuity within unusually high-grade
reduced intrusion-related gold system
• Assays still pending for 24 of 32 holes (10,530 m of 13,320 m) drilled at Valley and
Gracie in 2022
Vancouver, B.C., November 15, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US
OTCQB: SNWGF) (the “ Company” or “ Snowline”) is pleased to announce additional
preliminary1 assay results from its 2022 drilling program at the Valley Zone, Rogue Project,
Yukon. Notably, hole V-22-014 intersected a broad zone of sheeted quartz vein mineralization
within the Valley intrusion averaging 2.48 g/t Au over 128.2 m from bedrock surface at 2.8 m
downhole within a broader zone of 1.45 g/t Au over 285.2 m (Tables 1 and 2). The hole was
collared 160 m from the nearest previously announced hole . Full results have also been
received for V -22-007, which is mineralized along its entire 41 0.0 m length from bedrock
surface, averaging 1.89 g/t Au along the length of the hole.
“Hole V-22-014 is the latest step-out drill hole to add significantly to the prospective scale and
grade of our unfolding gold discovery at Valley,” said Scott Berdahl, CEO & Director of
Snowline. “The continuity of strong grades from Valley’s central zone, seen both within holes
along hundreds of metres and between holes spaced hundreds of metres apart, demonstrates
1 These results are considered preliminary as a small percentage of the Company’s QA/QC insertions of blanks
and standard reference materials returned values of outside of acceptable limits. This is not an unusual nor
necessarily unexpected failure rate. In response, five samples on either side of failed insertions will be reanalysed
along with the insertions themselves . Given the scale and general consistency of the gold mineralization across
the holes where insertions did pass QA/QC screening, the Company deems these preliminary results to be strongly
indicative of overall grade. Final assay results may be updated in a future release.
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-22-007 5.1 415.1 410.0 1.89
including 56.0 202.0 146.0 3.24
V-22-014 2.9 288.0 285.2 1.45
including 2.9 131.0 128.2 2.48
Table 1 –Preliminary highlight summary of V-22-007 and V-22-014, including previously reported upper 282.9
m (@ 2.30 g/t Au from 5.1 m) in V-22-007. *Interval widths reported; true widths of the system are not yet known.
The geometry of the mineralized corridor is not determined by any individual vein nor structure and depends
instead on the broader distribution of the many thousands of small, mineralized quartz veins present at Valley.
the presence of a large and robust, unusually rich bulk tonnage gold system. Comparable quartz
vein densities—often with numerous instances of trace visible gold—in many holes for which
assays have yet to be received have the potential to carry similar grades. With analytical results
pending for nearly 80% of our 2022 drill ing, we expect further significant growth to this
discovery in the coming weeks and months.”
Figure 1 – Cross section showing V-22-007 & 014 results received to date (top) and vein densities alongside instances of visible
gold observed during logging (bottom). Hole 014 suggests continuity of high-grade (>2 g/t Au) mineralization in 007 to surface,
and it broadens the zone to the southwest. Views look northwest. Note that V-22-028 is slightly in the foreground (see Figure 2).
As a scale reference, the Eiffel Tower is 330 m tall from base to tip.
HOLE V-22-014
Hole V-22-014 was collared in the Valley intrusion , 160 m southwest of hole V -22-007 and
165 m southeast of hole V-22-010 (318.8 m @ 2.55 g/t Au including 108.0 m @ 4.14 g/t Au,
see Snowline news release dated October 12, 2022). The hole demonstrates lateral and vertical
continuity of near-surface, multi-gram-per-tonne gold mineralization encountered in previous
holes at Valley (Figures 1 and 2).
V-22-014 encountered high densities of go ld-bearing quartz vein s in its top 128.2 m and
remained largely in mineralization until exiting into hornfels sedimentary rocks at 326 m depth.
The last >1.0 g/t Au gold assay occurs as 2.02 g/t Au over 1.5 m from 339.0-340.5 m downhole,
within hornfels sedimentary rocks. Gold is typically associated with bismuthinite and telluride
minerals in sheeted to near stockwork quartz veins. Overall sulphide content of the system is
very low.
As with previous holes in this zone, V-22-014 exhibits a relatively high degree of consistency
in gold grade. Of the top 128.2 m, 59 of 103 samples assayed higher than 2.0 g/t Au —
representing 71.2 m (non -contiguous) or 55.5% of the downhole interval. While high grades
of up to 22.4 g/t (1.4 oz/ton) Au are present, they are not primary drivers of the broader
mineralized intervals. Applying a cap at 10 g/t Au reduces the top 128.2 m of the hole by just
4.8% to 2.36 g/t Au, while the broader 285.2 m interval is affected less, dropping 4.1% to 1.39
g/t Au (Table 2).
Drillhole
ID
Coordinates (NAD83 Zn9) Orientation (True) Total
Depth
(m)
Interval* (m) Grade
(Au
g/t)
Capped
@10 g/t Au
(Au g/t) Easting Northing Azimuth Dip From To Width*
V-22-007 386269 7057714 217.8 -54.8 415.1 5.1 415.1 410.0 1.89 1.86
including 56.0 202.0 146.0 3.24 3.14
including 84.5 86.0 1.5 13.55 10.00
and 99.5 101.0 1.5 9.73 9.73
and 108.0 109.0 1.0 10.75 10.00
and 186.5 187.0 0.5 27.70 10.00
including 387.3 388.7 1.5 9.19 9.19
remainder 262.5 1.10 1.10
V-22-008 386722 7058149 217.4 -54.7 292.0 241.5 292.0 50.5 0.24 0.24
V-22-011 386965 7058036 216.0 -75.2 315.9 No significant results (drilled outside intrusion)
V-22-012 386604 7057568 221.7 -55.8 355.0 274.0 355.0 81.0 0.24 0.24
V-22-014 386172 7057586 223.7 -53.4 368.0 2.9 288.0 285.2 1.45 1.39
including 2.9 131.0 128.1 2.48 2.36
remainder 157.1 0.61 0.61
316.5 319.5 3.0 1.62 1.62
339.0 340.5 1.5 2.72 2.72
Table 2 – Summary of mineralization in current holes. 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 much of the hole s. Hole V-22-008, while not a highlight of the batch by grade, averaged 0.24 g/t Au across its
final 50 m on entering the Valley intrusion, roughly 635 m from previously reported holes. Hole V-22-012 is dominated by a distinct vein orientation with
an E-W trend, as opposed to the NW-SE orientation in the central zone. *Interval widths reported; true widths of the system are not yet known.
Figure 2 – 2022 drilling at the Valley Zone, showing assays received to date (top) and vein densities alongside instances of visible gold
observed during logging (bottom). Visual results indicate the presence of a large central zone within the broader Valley intrusion bearing
higher vein densities. Initial analytical results for this zone consistently carry unusually high grades for a reduced intrusion-related gold system.
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 bism uthinite 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 anom alism in stream sediment, soil and rock
samples. The project is thus considered by the Company to have district-scale potential 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.
Figure 3 – Project location map for Snowline Gold’s eastern Selwyn Basin properties. The Valley and Gracie
Zones on the Rogue are the sites of Snowline’s 2022 drill programs.
TOTAL METRES DRILLED - CORRECTION
Due to a tallying error that saw two holes summed twice, total drilling meterage for the 2022
season was incorrectly reported on Snowline’s October 12, 2022 news release as 14,495 m. In
fact, a total of 13,320 m was drilled by the Company on its Rogue project in 2022, with 11,168
m drilled at Valley in 27 holes and 2,152 m drilled at the nearby Gracie target in 5 holes.
Presently, results for 2,789 m (8 holes) have been received from Valley, with assays pending
for the remaining 8,378 m (19 holes). Results for all holes at Gracie remain pending.
QA/QC
On receipt from the drill site, Valley’s NQ 2-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 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 Whitehorse, Yukon, wi th 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 intr oduce a sampling bias in current results
by excluding coarse gold from analysis, resulting in an under -reporting of true grades. Other
biases are also possible.
Results reported herein are considered preliminary following receipt of a low but expected
percentage of abnormal assays from standard and blank samples inserted by the Company into
the Valley sample stream. (Standard samples are prepared by a third -party laboratory to have
known quantities of gold, and blank samples are known to contain very limited concentrations
of gold.) Reanalysis of samples run along with these reference materials will provide greater
certainty in the final assay numbers. These results will be reported if a material difference is
identified between the current assays and the re-run sample batches. Based on the widespread
and consistent mineralization throughout mineralized zones, however, the Company does not
believe that the re -analysis of this relatively small number of samples will have a significant
impact on the preliminary mineralized intervals reported herein.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seventeen-
project portfolio covering > 254,000 ha. The Company is exploring its flagship >111,000 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. 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 under supervision of and approved by Thomas K.
Branson, M.Sc., P. Geo., Exploration Manager 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 about the
Company’s drill program, results, implied significance of visual inspec tion of drill core, and
surface work 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”, “pr edict” 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 imp lied 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. Thes e
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 t hem to reflect new events or
circumstances, except as required by law.