Snowline GOLD Intersects 351.6 M of 1.2 Grams PER Tonne GOLD Including 166.1 M of 2.1 Grams PER Tonne GOLD from Surface Along with Multiple Strong Hits at Its Valley Deposit, Yukon
SNOWLINE GOLD INTERSECTS 351.6 M OF 1.2 GRAMS PER TONNE GOLD
INCLUDING 166.1 M OF 2.1 GRAMS PER TONNE GOLD FROM SURFACE ALONG
WITH MULTIPLE STRONG HITS AT ITS VALLEY DEPOSIT, YUKON
• Hole V-24-099 returned 1.19 g/t Au over 351.6 m, including 2.05 g/t Au over 166.1
m from surface, strong results infilling a 130 m gap along section
• Hole V-24-101 returned 1.05 g/t Au over 356.0 m from surface, including 2.07 g/t
Au over 102.0 m, located towards the northeast boundary of current drilling
• All other holes currently reported from Valley show continuous gold mineralization
over at least 200-meter downhole lengths
• Assays remain pending for >11,600 m from 29 holes across three targets at
Snowline’s Rogue and Einarson projects.
Vancouver, B.C., December 19, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce additional drill results from
its 2024 Valley deposit drilling campaign on the Rogue Project in Canada’s Yukon Territor y
alongside updates on regional exploration. Infill and expansionary drilling continue to delineate
consistent mineralization, in this case along the northeast and southeast edges of the Valley
deposit along with strong results in V-24-104 and V-24-099 closer to the highest-grade core of
the Valley system. The Company still awaits analytical results from >11,600 m of drilling in
29 holes across three different targets.
“Today’s results highlight the robust nature and scale of mineralization at the Valley deposit,”
said Scott Berdahl, CEO & Director of Snowline. “The seven holes span a roughly 600 by 450
m spatial footprint, primarily testing the margins of the deposit as currently understood. They
consistently deliver intervals spanning hundreds of metres of continuous mineralization,
generally above one gram per tonne gold and in cases above two grams per tonne —results in
themselves that would be singular highlights in many other systems of this type. We are pleased
to see this consistency around what are currently the edges of Valley , and we look forward to
incorporating these holes into an updated mineral resource estimate along with 20 additional
holes from our 2024 drill campaign at Valley still to come, as well as regional drilling results.”
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-24-099 6.4 358.0 351.6 1.19
including 6.4 172.5 166.1 2.05
V-24-104 6.1 399.5 393.4 1.03
V-24-101 8.0 364.0 356.0 1.05
including 167.0 269.0 102.0 2.07
V-24-103 26.0 381.5 355.5 0.93
V-24-098 232.0 368.0 136.0 1.00
Table 1 –Highlight summary of Snowline’s latest assay results; see Table 2 for
details. *Interval widths reported.
VALLEY DRILLING, ROGUE PROJECT
Hole V-24-099
Hole V-24-099 is collared within the Valley intrusion , roughly 40 m northeast of the nearest
hole V-23-044 (295.9 m @ 1.32 g/t Au from surface including 157.0 m @ 2.03 g/t Au, see
September 11, 2023 news release ) and 90 m southeast of V-23-059 (429.6 m @ 1.01 g/t Au
from surface including 106.5 m @ 1.97 g/t Au, see December 6, 2023 news release). The hole
is drilled to the southwest, testing continuity of strong gold mineralization predicted by the
Valley deposit block model in the southeastern part of the Valley deposit.
The hole runs primarily through coarse-grained granodiorite for the top 347 m, at which point
it transitions out of the intrusion into hornfels, subsequently cutting a granodioritic dyke for 40
m downhole length near the edge of the intrusion . Quartz vein densities are highest near the
top of the hole, corresponding to the highest gold grades.
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-
098 through V-24-104. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow
spheres. Drill holes with assays pending (20 holes from Valley) are labelled in blue.
The hole returned 1.19 g/t Au over 351.6 m downhole, including 166.1 m downhole at 2.05 g/t
Au, both from bedrock surface. Notably, interval grades do not drop when internal assays are
capped at 10 g/t Au, showcasing the consistent nature of gold mineralization along the breadth
of the interval.
These results and those of other holes reported herein (Table 2) are expected to help upgrade
and de-risk relevant areas of the initial MRE for Valley. The ultimate effect of this result will
be quantified along with analytical results of all subsequent holes in an updated MRE at a later
time.
Figure 2 – Cross-section A-A’, showing V-24-099 and V -24-098 in the context of the initial Valley MRE block model and MRE-constraining
revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results , nor any results to date from 2024 (bold
labels). Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not
been modelled and were assumed as nil for the initial Valley MRE. Instances of visible gold in holes still awaiting assay results are marked by
yellow spheres.
Figure 3 – Relatively coarse native gold as seen in each of the seven Valley drill holes reported herein. Gold mineralization at Valley primarily
consists of native gold hosted in quartz veins crosscutting the mid Cretaceous Valley intrusion and surrounding sedimentary r ocks. Visible gold is
common, with tens to hundreds of occurrences per hole consistently observed in well mineralized holes throughout the deposit. Gold often occurs
proximal to various minor bismuth and tellurium sulphide minerals and alloys (grey minerals in above figures). As previously disclosed, the nature
of this gold mineralization renders it available for high recovery rates from various conventional processing techniques, even in non-oxidized rock,
as seen in initial metallurgical tests (94% average bottle roll cyanidation to 96% carbon-in-leach). All images are displayed at the same scale.
Table 2 – Summary of significant mineralization returned from current holes from Valley and other targets. The consistency of strong
mineralization in the Valley deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is
replaced by 10.0 g/t Au to calculate the average interval grades. Holes with prefixes “J” and “AVC” are from the Jupiter and Avalanche
Creek targets on the Einarson Projects. Rounding errors may be present in interval lengths. *Interval widths reported; true widths of the
Valley system are complex, with different vein generations, orientations, and grade distributions present within various intervals through
the bulk tonnage gold target at Valley.
Easting Northing Azimuth Dip From To Width*
V-24-098 386434 7057744 217.6 -54.8 521.0 9.5 437.0 427.5 0.62 0.62
including 232.0 368.0 136.0 1.00 1.00
and including 385.5 398.0 12.5 1.43 1.43
remainder 279.0 0.40 0.40
and 457.0 503.5 46.5 0.50 0.40
including 467.0 468.0 1.0 14.90 10.00
remainder 45.5 0.19 0.19
and 511.0 521.0 10.0 0.73 0.73
V-24-099 386274 7057553 217.7 -54.6 449.0 6.4 358.0 351.6 1.19 1.19
including 6.4 172.5 166.1 2.05 2.05
remainder 185.5 0.42 0.42
V-24-100 386339 7057959 222.0 -65.4 668.2 10.3 48.0 37.7 0.15 0.15
and 82.5 136.5 54.0 0.25 0.25
and 142.5 473.5 331.0 0.57 0.57
including 291.2 365.0 73.8 1.04 1.04
remainder 257.2 0.43 0.43
and 491.5 528.0 36.5 0.83 0.67
including 494.0 495.0 1.0 15.80 10.00
remainder 35.5 0.41 0.41
and 534.0 553.5 19.5 0.69 0.69
and 649.5 663.0 13.5 0.19 0.19
V-24-101 386355 7057748 219.7 -59.5 572.0 8.0 364.0 356.0 1.05 1.05
including 167.0 269.0 102.0 2.07 2.07
remainder 254.0 0.64 0.64
and 370.0 401.0 31.0 0.43 0.43
and 410.0 572.0 162.0 0.45 0.45
V-24-102 386413 7057415 219.9 -59.5 341.0 26.9 249.5 222.6 0.49 0.49
V-24-103 386238 7057339 39.3 -54.3 386.0 26.0 381.5 355.5 0.93 0.90
including 66.5 187.0 120.5 1.06 1.06
and including 237.0 304.5 67.5 1.15 1.15
and including 342.5 344.0 1.5 16.40 10.00
remainder 166.0 0.61 0.61
V-24-104 386064 7057861 223.4 -61.9 456.0 6.1 399.5 393.4 1.03 0.99
including 115.5 241.5 126.0 1.54 1.44
with 141.0 142.5 1.5 18.00 10.00
remainder 267.4 0.78 0.78
and 408.0 423.0 15.0 0.25 0.25
and 432.0 447.5 15.5 0.48 0.48
J-24-028 381972 7089763 248.9 -49.0 359.0 308.0 308.8 0.8 0.29 0.29
J-24-029 381975 7089762 244.1 -75.0 389.0 53.6 55.0 1.5 3.35 3.35
and 362.8 364.3 1.4 1.32 1.32
AVC -24-001 380912 7077207 248.5 -64.8 290.0 No significant results
AVC -24-002 380912 7077207 248.0 -85.0 349.0 No significant results
C apped
@10 g/t Au
(Au g/t)
Drillhole ID
Coordinates (NAD83 Zn9) Orientation (True) Total
Depth (m)
Interval* (m) Grade
(Au g/t)
QA/QC
On receipt from the drill site NQ 2-sized drill core was systematically logged for geological
attributes, photographed and sampled at Snowline’s “Forks” Camp. Sample lengths as small
as 0.5 m were used to isolate features of interest, but most samples within moderate to strong
mineralization were 1.0 m in length; 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, dictated by orientation line where present or by dominant vein orientat ion where
absent) collected for analysis and one half stored as a record. Field duplicates were collected
at regular intervals as ¼ core samples by splitting the ½ core sent for sampling, leaving a
consistent record of half core material from duplicate and non -duplicate samples alike .
Standard reference materials and blanks 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 to Bureau Veritas’ preparatory
facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses
completed in Vancouver.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples
were crushed by BV to >85% 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 59-element analysis on 0.25
g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay
with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any
sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g
sample (BV code: FA530).
For the purposes of this release, contiguous mineralized intervals at Valley are defined as runs
of mineralization with no break >5.0 m assaying <0.1 g/t Au and may include any highlight
subsections thereof.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers
a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue
Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a
greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz
gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral
resource at 1.25 g/t Au within a pit -shell constraint. The resource estimate numbers are
supported by the recent technical report for Rogue, prepared in accordance with NI 43 -101
standards, entitled “ Rogue Gold Project: NI 43 -101 Technical Report and Mineral Resource
Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo. , and Steven C.
Haggarty, P. Eng., with an effective date of May 15, 2024.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion -related gold
system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in
production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades.
Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays
within and along the margins of a one -kilometer-scale, mid -Cretaceous aged Mayo -series
intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold
anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known
to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-
scale potential to host additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Figure 4 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia
and Olympus. The Valley target is one of several prospective reduced intrusion -related gold targets on the broader
30 x 60 km Rogue Project.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a n eight-
project portfolio covering roughly 360 ,000 ha (3,600 km 2). The Company is exploring its
flagship 11 1,000 ha (1,110 km 2) Rogue gold project 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. The Company’s first-
mover position and extensive exploration 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 Sergio
Gamonal, M.Sc., P. Geo., Chief Geologist of Snowline Gold Corp, as 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
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding
the significance of analytical results , the significan ce of visual drill core observations and
visible gold , the potential effects of current analytical results on future mineral resource
estimates including expansion of the pit shell and de -risking of the current estimate , the
discovery potential within the Valley intrusion and on other exploration targets , the potential
for investors to participate in multiple future discov eries, the Rogue project having district -
scale prospectivity, the creation of a new gold district and the Company’s future plans and
intentions. 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
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 fact ors include, among