Snowline GOLD Intersects 386.0 M of 1.1 Grams PER Tonne GOLD from Surface Including 120.5 M of 2.0 Grams PER Tonne GOLD with Additional Strong Intersections Near Edges of Valley Resource
SNOWLINE GOLD INTERSECTS 386.0 M OF 1.1 GRAMS PER TONNE GOLD FROM
SURFACE INCLUDING 120.5 M OF 2.0 GRAMS PER TONNE GOLD WITH ADDITIONAL
STRONG INTERSECTIONS NEAR EDGES OF VALLEY RESOURCE
• Hole V-24-096 returned 1.08 g/t Au over 386.0 m from surface, including 2.00 g/t
Au over 120.5 m, locally outperforming the mineral resource estimate block model
• Hole V-24-095 returned 604.5 m from surface at 0.65 g/t Au, including 160.5 m at
1.13 g/t Au, with the bottom 189.5 m of interval outside of mineral resource estimate
• Assays remain pending for >15,000 m from 38 holes across four targets at Snowline’s
Rogue and Einarson projects.
Vancouver, B.C., December 4, 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. Drilling in and around the northwest ern
part of the Valley deposit (V-24-093, 095 & 097) continues to delineate consistent
mineralization within and beyond the limits of the current mineral resource estimate (MRE)
for Valley. Towards the northeastern side of the Valley deposit, V-24-096 returned 1.08 g/t Au
over 386.0 m from surface, including 2.00 g/t Au over 120.5 m from 139.0 m downhole,
outperforming the mineral resource model along its length . The Company awaits analytical
results from the majority of its 2024 exploration campaign, including >15,000 m of drilling in
38 holes across four different targets.
“Our latest results from Valley continue to advance our goals for the 2024 drilling campaign,”
said Scott Berdahl, CEO & Director of Snowline. “They upgrade our confidence in the initial
mineral resource estimate, and they expand the physical limits of the mineralized system at
Valley as we know it. It is exceptional to see such consistency across batch after batch of
analytical results—and a hallmark of a top-tier gold deposit. We look forward to assessing the
overall contributions of these results to an u pdated mineral resource estimate for Valley in
2025.”
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-24-096 12.0 398.0 386.0 1.08
including 139.0 259.5 120.5 2.00
V-24-095 5.6 610.0 604.5 0.65
including 168.5 329.0 160.5 1.13
V-24-094 9.9 282.5 272.6 1.03
V-24-093 194.0 368.5 174.5 1.35
V-24-097 183.0 284.4 101.4 1.12
Table 1 –Highlight summary of Snowline’s latest assay results; see Table 2 for
details. *Interval widths reported.
VALLEY DRILLING, ROGUE PROJECT
Hole V-24-096
Hole V-24-096 is collared within the Valley intrusion, roughly 53 m northeast of V -23-034
(418.9 m @ 1.9 g/t Au including 216.0 m @ 3.1 g/t Au, see July 5, 2023 news release) and 58
m southeast of V-23-045 (517.9 m @ 1.14 g/t Au from surface, see September 11, 2023 news
release). 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 the top 350 m, at which point it
transitions to the fine-grained porphyritic unit with localized intrusive breccias. As is seen
elsewhere in the deposit, quartz vein densities are high near the transition between the two units,
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-
093 through V-24-097. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow
spheres. Drill holes with assays pending (27 holes from Valley) are labelled in blue.
with higher gold grades in the coarse -grained unit proximal to the porphyritic unit. From 674
m to the end of the hole at 740 m the hole returns to coarse-grained granodiorite with generally
low quartz vein densities.
The results of this hole complement those of V-24-077 to its northeast (Figure 2), which also
exceeded block model expectations based in the initial Valley MRE. These results 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 B-B’, showing V-24-096 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.
The released holes are projected onto the same plane from a total width of roughly 80 m.
Figure 3 – Cross-section A-A’, showing V -24-093, 095 & 097 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 f rom 2024. Blocks
shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Note the large areas without blocks, which have
not been modelled and were assumed as nil for the initial Valley MRE and for calculating pit shell constraints and total waste rock. 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 140 m, with V-24-097 well in the background—relative positions can be seen in the plan map in Figure 1.
Figure 4 – Relatively coarse native gold as seen in each of the five 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 abo ve 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 “SY” and “J” are from the Sydney and Jupiter targets
on the Cynthia and Einarson projects, respectively. *Interval widths reported; true widths of the 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-24-093 385812 7057748 46.3 -54.3 683.0 86.0 577.0 491.0 0.71 0.71
including 194.0 368.5 174.5 1.35 1.35
remainder 316.5 0.37 0.37
V-24-094 386285 7057508 218.1 -54.9 347.0 9.9 282.5 272.6 1.03 1.03
including 70.0 155.0 85.0 1.72 1.72
remainder 187.6 0.72 0.72
V-24-095 386170 7057970 222.9 -59.4 677.0 5.6 610.0 604.5 0.65 0.63
including 168.5 329.0 160.5 1.13 1.07
with 222.0 223.0 1.0 18.60 10.00
remainder 444.0 0.48 0.48
and 617.0 663.2 46.2 0.32 0.32
V-24-096 386316 7057845 217.5 -60.2 740.0 12.0 398.0 386.0 1.08 1.07
including 139.0 259.5 120.5 2.00 1.96
with 139.0 140.5 1.5 13.90 10.00
remainder 265.5 0.67 0.67
and 404.0 458.5 54.5 0.33 0.33
and 469.2 486.0 16.8 0.24 0.24
and 499.5 586.5 87.0 0.33 0.33
and 592.5 651.0 58.5 0.21 0.21
and 677.0 708.5 31.5 0.14 0.14
and 714.5 729.5 15.0 0.20 0.20
V-24-097 385993 7057941 218.7 -59.8 351.6 17.2 58.5 41.4 0.17 0.17
and 72.0 145.5 73.5 0.47 0.47
and 154.5 162.5 8.0 0.76 0.76
and 168.0 325.0 157.0 0.88 0.88
including 183.0 284.4 101.4 1.12 1.12
remainder 55.6 0.43 0.43
and 331.0 351.6 20.6 0.38 0.38
SY-24-001 382263 7034286 289.4 -49.7 464.8 60.5 62.0 1.5 4.57 4.57
and 301.5 312.5 11.0 0.19 0.19
SY-24-002 382242 7034001 288.5 -53.7 420.6 212.5 214.0 1.5 0.33 0.33
SY-24-003 382433 7034368 290.1 -51.5 459.6 165.5 179.0 13.5 0.16 0.16
J-24-026 382137 7088916 250.5 -49.8 370.0 175.0 176.0 1.0 0.74 0.74
J-24-027 382140 7088918 251.2 -69.5 410.0 231.0 232.1 1.1 0.34 0.34
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)
ANNUAL EQUITY INCENTIVE AWARDS
The Company has granted a total of 360,000 restricted share units and 100,000 deferred share
units (together, the “Equity Incentive Awards”) to various employees, consultants, directors,
and officers of the Company. The Equity Incentive Awards have been granted pursuant to the
Company’s Omnibus Incentive Plan and are subject to vesting provisions. The purpose of these
awards is to align and incentivize around ongoing contributions, and to recognize contributions
made to the growth of the Company and advancement of its projects by personnel at all levels.
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
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 wi th 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 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.