Snowline GOLD Intersects 380.4 M of 1.1 Grams PER Tonne GOLD and 219.1 M of 1.4 Grams PER Tonne GOLD from Surface at Valley, Rogue Project, and Identifies 500 M GOLD and Silver Anomaly ON Cynthia Project
SNOWLINE GOLD INTERSECTS 380.4 M OF 1.1 GRAMS PER TONNE GOLD AND 219.1
M OF 1.4 GRAMS PER TONNE GOLD FROM SURFACE AT VALLEY, ROGUE PROJECT,
AND IDENTIFIES 500 M GOLD AND SILVER ANOMALY ON CYNTHIA PROJECT
• Hole V-24-091 returned 1.06 g/t Au over 380.4 m from surface, including 2.00 g/t
Au over 51.0 m, pushing known mineralization past the resource boundary
• Hole V-24-088 returned 1.40 g/t Au over 219.1 m from surface, including 2.11 g/t
Au over 72.0 m, confirming strong mineralization predicted by resource model
• 500 x 200 m gold & silver anomaly delineated in talus fines at Cynthia, with chip
samples across an outcropping dike returning 0.58 g/t Au and 45.3 g/t (1.3 oz/ton) Ag
across 8 m width of dike
• Assays remain pending for >21,400 m in 37 holes across 5 targets at Snowline’s
Rogue and Einarson projects.
Vancouver, B.C., November 12, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce additional analytical results
from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada’s Yukon
Territory alongside updates on regional exploration. A fence of drill holes (V-24-088, 090 &
091) across the northwest end of the Valley deposit confirm strong, consistent gold grades from
surface, with mineralization extending outside of the current resource constraint . At Cynthia,
geochemical sampl es delineate a 500 x 200 m gold and silver anomaly in talus fines
immediately north of an area with limited historical drilling. A continuous chip sample across
a mineralized dike yielded 0.5 8 g/t Au and 45.0 g/t Ag over 8.0 m. The Company awaits
analytical results from the majority of its 2024 exploration campaign, including >21,400 m of
drilling in 37 holes across five different targets.
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-24-088 4.1 223.2 219.1 1.40
including 48.5 120.5 72.0 2.11
V-24-091 4.6 385.0 380.4 1.06
including 182.0 233.0 51.0 2.00
“We are encouraged to see results from Valley continuing to live up to the high standards set
by the deposit model, in hole after hole—in our view, this is a key hallmark of a high-quality
mineral deposit,” said Scott Berdahl, CEO & Director of Snowline. “We are further encouraged
by ongoing indications of widespread regional gold fertility across our extensive mineral tenure
in the eastern Yukon, evidenced by advancement of yet another greenfield target, on our
Cynthia Project, in the broader Rogue Plutonic Complex.”
Table 1 –Highlight summary of Snowline’s latest assay results ; see Table 2 for
details. *Interval widths reported ; true widths of the system at Valley are not yet
known.
VALLEY DRILLING, ROGUE PROJECT
Hole V-24-088
Hole V-24-088 is collared within the Valley intrusion, roughly 42 m east of V-23-053 and 73
m northwest of V-23-051. The hole is drilled to the southwest, testing a northeastern extension
of strong gold mineralization predicted by the Valley deposit block model.
The hole runs through coarse -grained granodiorite for most of its length, with a zone of fine-
grained porphyritic granodiorite from roughly 204 m to 223 m downhole, near a brecciated
contact with the hornfels sedimentary rock outside of the Valley intrusion. The hole ended at
269.0 m, outside of the Valley intrusion, in weakly mineralized hornfels.
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-
088 through V-24-092. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow
spheres. Drill holes with assays pending are labelled in blue.
The results of this hole are expected to help upgrade and de -risk relevant areas of the initial
mineral resource estimate for Valley. The ultimate effect of this result will be quantified along
with analytical results of all subsequent holes in an updated mineral resource estimate at a later
time.
Figure 2 – Cross-section A-A’, showing V -24-088, 090 & 091 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 , and
blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Instances of visible gold in holes still
awaiting assay results are marked by yellow spheres. The released holes are projected onto the same plane from a total width of roughly 160
m, with the lower parts of V-24-090 well in the background—relative positions can be seen in the plan map in Figure 1.
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 “RE” and “J” are from the Reid and Jupiter targets
on the Rogue and Einarson projects, respectively. *Interval widths reported; 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.
INTERSECTION TARGET, CYNTHIA
Contour soil and talus fine sampling on the Cynthia project revealed a 500 m x 200 m gold and
silver anomaly north of and contiguous with the “Intersection” target, marked on surface by
widespread clay alteration and associated oxidation. Of 28 talus fine samples taken in this area,
16 (57%) returned >0.1 g/t Au, to a maximum of 0.52 g/t Au & 28.5 g/t Ag (average 0.19 g/t
Au, 5.7 g/t Ag). Roughly 400 m to the east of the anomaly, on the opposite site of a ridge, 6 of
7 additional talus fines returned >0.1 g/t Au (maximum 0.52 g/t Au, average 0.24 g/t Au). A
mineralized fine-grained felsic dike cutting through the anomaly was chip sampled in one
outcrop across its width, averaging 0.5 8 g/t Au and 45.0 g/t Ag over 8.0 m in 8 contiguous 1
m samples. The dike runs at least 500 m and is estimated to average between 5 and 8 m in
width (Figure 4).
Limited, historical drilling was conducted in 2010 to the south of this anomaly by a previous
operator, at Cynthia’s Intersection target . Discontinuous zones of anomalous gold
mineralization were encountered, and the drilling did not intersect the mineralized dikes. N o
subsequent investigation was conducted.
Figure 3 – Widespread alteration north of the Intersection target, sampled in 2024 by talus fine sampling, which revealed a 500 x
200 m zone of anomalous gold and silver values. Chip sampling across an 8 m wide dike and into surrounding hornfels exposed in
outcrop (near middle of photograph) averaged 0.58 g/t Au and 45.0 g/t Ag.
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 b y 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
Figure 4 – Plan map of the intersection zone, with current sampling shown in yellow and exposed intrusive rocks shown in
pink. Historical rock and soil samples are shown in grey, with approximate locations, at the same grade/size and shape scales
used for Snowline’s samples. Continuous outcrop chip sample gold grades are labelled in the inset.
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 target 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 system 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.
Figure 5 – 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 . The Plata staging area is located at the northern end of the Plata winter trail, which
connects to the government maintained North Canol Road.