Snowline GOLD Intersects 372.9 M of 1.5 Grams PER Tonne GOLD Including 212.4 M of 2.1 Grams PER Tonne GOLD from Surface Highlighting Strong Grade Continuity at Its Valley Target, Rogue Project, Yukon
SNOWLINE GOLD INTERSECTS 372.9 M OF 1.5 GRAMS PER TONNE GOLD
INCLUDING 212.4 M OF 2.1 GRAMS PER TONNE GOLD FROM SURFACE
HIGHLIGHTING STRONG GRADE CONTINUITY AT ITS VALLEY TARGET, ROGUE
PROJECT, YUKON
• Hole V-23-056 returned 372.9 m averaging 1.45 g/t Au, including 2.07 g/t Au over
212.4 m from surface, demonstrating strong continuity of near-surface >2 g/t Au
grades across a large area on the Rogue Project’s Valley target
• Hole V-23-055 returned 359.4 m averaging 1.34 g/t Au from surface including 1.71
g/t Au over 132.5 m, extending near-surface >1 g/t Au mineralization by over 100 m
towards the open northeast edge of the mineralized system at Valley
• Analytical results pending for 8,300 m from 21 holes (including one metallurgical
hole at Valley) across 4 targets in addition to results of extensive surface exploration
campaign.
Vancouver, B.C., November 9, 2023: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “ Snowline”) is pleased to announce further analytical results
from exploration holes drilled on its Rogue Project in Canada’s Yukon Territory. Holes drilled
within the Valley intrusion show consistent gold mineralization across broad intervals from
surface. Hole V-23-055 averages 1.34 g/t over 359.4 m downhole from surface and expands
the known limits of near-surface >1 g/t mineralization by >100 m from previous hole V -23-
047. Hole V -23-056 averages 2.07 g/t Au over 212.4 m downhole from surface, within a
broader mineralized interval of 1.45 g/t Au over 372.9 m, demonstrating strong grade
continuity between previous widely spaced holes with significant >2 g/t Au intervals that also
begin at surface. Assays for more than 8,300 m of diamond drilling from Snowline’s 2023
exploration efforts remain pending.
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-23-056 2.6 375.5 372.9 1.45
including 2.6 215.0 212.4 2.07
V-23-055 3.1 362.5 359.4 1.34
including 89.0 221.5 132.5 1.71
“The latest results from our Rogue Project’s Valley target further de-risk the discovery, adding
to the known footprint of near -surface gold mineralization and demonstrating strong
consistency of higher (>2 g/t Au) gold grades,” said Scott Berdahl, CEO & Director of
Snowline. “Intervals of hundreds of metres averaging >1 g/t Au or even multiple grams per
tonne gold have not only become the norm at Valley but are without exception among 32 holes
drilled to date within a core area spanning up to 600 m by up to 400 m in the western part of
the intrusion. This consistency results in higher efficiency and reduced risk in exploration, as
well as in subsequent deposit modelling, in project development, and ultimately in responsibly
and cost-effectively producing gold. We eagerly await assay results for 12 additional holes
Table 1 –Highlight summary of Snowline’s latest assay results . *Interval widths
reported; true widths of the system are not yet known.
drilled in and around this zone at Valley, along with additional holes and surface work from
other parts of our >330,000 ha land position.”
HOLE V-23-056
Hole V-23-056 is collared in coarse-grained granodiorite within the Valley intrusion roughly
59 m east of V-22-014 (285.2 m @ 1.45 g/t Au including 128.2 m @ 2.48 g/t Au from surface,
see Snowline news release dated November 15, 2022) and 44 m west of V-23-036 (414.5 m @
1.53 g/t Au from surface including 143.5 m @ 2.92 g/t Au, see Snowline news release dated
July 18, 2023).
The hole commences in strong sheeted gold-bearing quartz vein mineralization from bedrock
surface at 2.6 m downhole, averaging 2.07 g/t Au across the next 212.4 m. This marks the top
of a broader 372.9 m downhole interval averaging 1.45 g/t Au overall. The highest sustained
grades in the hole begin at 52.5 m downhole, averaging 3.50 g/t Au over the following 42.5 m.
The hole exits the intrusion into weakly mineralized hornfels at 376.7 m downhole, marking
the end of the consistently mineralized interval.
Figure 1 – Plan view of the Rogue Project’s Valley target showing analytical results from previous and current drilling , along with drill traces of
outstanding holes. Current results build upon the consistency of unusually high grades for a reduced intrusion -related gold system at Valley , with
mineralized intervals beginning at or near surface across a large area. The system remains open to the northeast and at depth in multiple locations.
The consistency of mineralization in V -23-056 is highlighted by its capped values (Table 2),
which—setting any >10 g/t A u assays equal to 10 g/t Au —remain unchanged. The highest
assay value ran 9.35 g/t Au over 1.5 m from 87.0 m downhole. Consistency is further
Figure 2 – Cross-section B, showing V -23-056 in the context of adjacent holes and a simplified, schematic geological model . Top:
Analytical results received to date and still pending (thin black lines with blue collars). Bottom: Vein densities alongside instances of trace
visible gold observed during logging. V-23-056 carries strong gold grades from surface to greater depths than expected based on adjacent
hole V-22-014. Note that V -22-014 and V-23-036 are respectively behind and in front of the section, and thus they appear closer to V -
23-056 in the section view than they are (see Figure 1). The high vein densities and visible gold count in V-23-067 suggest the near-surface
system is still open to the east.
highlighted by the distribution of grades . Within the top 212.4 m interval, 77% of assays
(measured by core length) returned >1 g/t Au and no assays returned <0.2 g/t Au . Within the
higher-grade zone averaging 3.50 g/t Au over 42.5 m, all assays returned >1.3 g/t Au.
The results of V -23-056 demonstrate the integrity and spatial continuity of >2 g/t Au, near -
surface mineralization towards the southeastern part of the Valley gold system.
HOLE V-23-055
Hole V-23-055 is collared in coarse-grained granodiorite of the Valley stock, roughly 101 m
across strike from and along section with the nearest hole, V-23-047 (228.6 m @ 1.62 g/t Au
from surface including 100.5 m @ 2.56 g/t Au, see Snowline news release dated September 11,
2023).
The hole encountered strong sheeted gold -bearing quartz vein mineralization from bedrock
surface at 3.1 m downhole. The main interval of mineralization within the hole averages 1.34
g/t Au over 359.4 m from bedrock surface, with a higher -grade zone averagi ng 1.71 g/t Au
over 132.5 m from 89.0 m downhole. The hole exits the intrusion at 352.1 m, and lower grade
mineralization continues into the surrounding hornfels (averaging 0.16 g/t Au across 23.0 m
from 369.0 m downhole, and the hole ends with the final 1.0 m @ 0.30 g/t Au).
As with V -23-056, gold grades in V -23-055 are not affected by grade capping at 10 g/t Au,
demonstrating the consistent nature of mineralization across the broad mineralized interval.
The hole increases the known extent of broad, at -surface >1 g/t Au mineralization by >100 m
from the nearest holes to the southwest, south and southeast, all of which carry similar or
stronger gold intersections beginning from surface.
Table 2 – Summary of significant mineralization returned from current holes at Valley. The consistency of strong mineralization on the target 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 ca lculate the average
interval grades. V-23-057 & V-23-058 were drilled well outside of the Valley intrusion to test for possible extensions of the broader intrusion-related
gold system based on geological observations. *Interval widths reporte d; true widths of the system are not yet known, with different vein
generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley.
REGIONAL DRILLING
Satellite Target Drilling, Rogue Project
At Cujo, a single-hole Phase I drill program intersected a broad zone of low to moderate spatial
density quartz veins with trace visible gold in a coarse-grained granodiorite. Multiple intervals
of low-grade gold mineralization are present (Table 3), including 32.0 m @ 0.38 g/t Au from
Figure 3 – Cross-section A, showing V-23-055 in the context of adjacent holes and a simplified, schematic geological model . Top:
Analytical results received to date and still pending (thin black lines with blue collars). Bottom: Vein densities alongside instances of
trace visible gold observed during logging. The mineralized intersection from surface extends the known limit of at -surface >1 g/t
Au mineralization by >100 m from the nearest previous hole, V -23-047, and it demonstrates a strong continuity to depth, with
mineralization dropping off only after the hole leaves the Valley intrusion into surrounding hornfels.
90.0 m downhole and 10.0 m @ 0.42 g/t Au from 225.0 m downhole. The entire hole averaged
0.11 g/t Au over 407.4 m. The results compliment surface work demonstrating the presence of
a gold -bearing reduced intrusion at Cujo. Further work will seek to determine whether
consistent higher grades are present within the intrusion.
At Gracie, assays for G -23-007 have been received. This hole was drilled away from the
primary anomaly, targeting mineralized dikes observed on surface. The dikes were not
encountered in the drill hole , and no gold values >1 g/t Au were returned from the hole , with
elevated gold results occurring as rare, isolated instances . Higher bismuth values —an
important pathfinder element for Valley-like intrusion-related gold systems—are present in this
hole than in any of the 6 holes previously drilled at Gracie. Analytical results for an additional
2 holes from Gracie remain pending.
Tosh Project Drilling
Analytical results have been received for two holes from a six-hole Phase I diamond drill
program at the Yarrow target on Snowline’s Tosh Project, in the southwestern Yukon . This
program represents the first-ever drill testing anywhere on the broader Tosh project area.
Localized, elevated gold values (0.10 to 0.46 g/t Au) were present as rare, discrete intervals in
both holes, variously associated with faulting, brecciation and , in T -23-005, lenses of semi -
massive sulphides in metamorphosed sedimentary host rocks. Three semi-massive sulphide
zones, up to 0.2 m in thickness, carried anomalous silver (9.50 to 48.4 g/t Ag), copper ( 165
ppm to 0.27% Cu ) and zinc (>1% detection limit) across broader downhole sample interval
widths (0.7 m to 0.9 m). Dominant minerals are pyrite and pyrrhotite.
These initial results at Tosh demonstrate the presence of multiple styles of mineralization and
the potential for mul tiple gold depositional events . Assays are pending for an additional four
holes from the 2023 drill program.
Figure 4 – Map showing the location of the Tosh Project, in the sou thwest Yukon. Tosh covers a series of untested, kilometers-
scale orogenic gold targets with geological similarities to the White Gold district roughly 100 km to the north. Resource figures
shown are based on public disclosure from third parties and have not been verified by the Company.
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 2023 field 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 orientation 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.
Similar procedures were employed on the Tosh Project, though drill core was transported to
Whitehorse in advance of detailed logging and sampling.
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
Table 3 – Summary of mineralization returned from current holes on satellite targets and projects . “T-23-xyz” holes were drilled on the
Tosh Project, whereas “CU-23-xyz”and “G-23-xyz” holes were drilled on the Cujo and Gracie targets respectively, both on the Rogue Project.
Various lesser intervals are present but not listed. Coordinates are presented in NAD83 Zone 7 for the Tosh project (T-23-001 and T-23-005)
and in NAD83 Zone 9 for the Gracie and Reid targets. **Interval widths reported; true widths of the systems are not yet known.
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, mineralized intervals are defined as runs of mineralization with
no break >5.0 m assaying <0.1 g/t Au, including any subsections thereof.
ABOUT ROGUE
The Valley target on Snowline’s flagship Rogue Project is a newly discovered, bulk tonnage
style, reduced intrusion -related gold system (RIRGS), with geological similarities to multi -
million-ounce deposits currently in production such as Kinross’s Fort Knox Mine in Alaska
and Victoria Gold’s Eagle Mine in the Yukon. Early drill results demonstrate unusually high
gold grades for such a system , present near surface across drill intersections of hundreds of
metres. 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-
suite intrusion. Valley is an early -stage exploration project without a resource estimate, and
while initial results are encouraging, the presence or absence of an economically viable
orebody cannot be determined until additional work is completed.
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. The Rogue Project is thus considered by the Company to have district -
scale potential for additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a n eight-
project portfolio covering > 333,000 ha. The Company is exploring its flagship >94,000 ha
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 including Kinross’s 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.