Snowline GOLD Intersects 466.6 M of 1.1 Grams PER Tonne GOLD from Surface Including 154.0 M of 2.1 Grams PER Tonne GOLD Further Building ON Continuity and Width at Its Valley Deposit, Yukon
SNOWLINE GOLD INTERSECTS 466.6 M OF 1.1 GRAMS PER TONNE GOLD FROM
SURFACE INCLUDING 154.0 M OF 2.1 GRAMS PER TONNE GOLD FURTHER
BUILDING ON CONTINUITY AND WIDTH AT ITS VALLEY DEPOSIT, YUKON
• Hole V-24-105 returned 1.12 g/t Au over 466.6 m from surface, including 2.07 g/t
Au over 154.0 m, strong results infilling a 120 m gap along section
• Hole V-24-111 returned 1.05 g/t Au over 403.6 m from surface, including 1.90 g/t
Au over 103.0 m from a 108 m gap along section near the eastern extent of drilling
• Results from Aurelius show widespread alteration and anomalous gold (with local
visible gold) in volcanic country rocks, along with broad zones of elevated copper
• Assays remain pending for >7,200 m from 17 holes across two targets at Snowline’s
Rogue and Einarson projects.
Vancouver, B.C., January 30, 2025: SNOWLINE GOLD CORP ( TSX-V: SGD) (OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce further results from its 2024
drill campaign on the Valley deposit along with analytical results at its nearby Aurelius target
on the Rogue Project, Yukon. At Valley, holes V -24-105 and V -24-111 delivered strong,
consistent mineralization from infill holes in gaps along the margins of the high -grade, near-
surface core of the deposit. Additional expansionary holes delivered broad intervals above the
cut-off grade used in the initial Mineral Resource Estimate (MRE) for Valley, including
mineralization outside of the resource-limiting pit shell (e.g. V-24-108, Figure 3). These results
will help to inform an updated MRE for Valley anticipated in the coming months. Results are
pending for an additional >7,200 m of drilling in 17 holes across two different targets: Valley
(Rogue Project) and Jupiter (Einarson Project).
“It is encouraging to see how well the Valley gold deposit holds up to the scrutiny of additional
drilling, with highlight holes consistently appearing as we fill in the blanks,” said Scott Berdahl,
CEO & Director of Snowline. “ Each round of results has brought large intervals with strong
gold grades. We are gaining confidence and pushing the boundaries of our understanding of
this unique and continuous near-surface gold deposit.
“At our nearby Aurelius target, we are intrigued by the widespread gold anomalism
encountered on surface and in Phase I drilling. The hunt will continue, at Aurelius and at other
targets, building on our expanding data and knowledge bases as we seek to establish a new
gold district in the fertile and proven Selwyn Basin rocks around Valley.”
Drillhole
ID
Interval* (metres) Grade
(Au g/t) From To Width*
V-24-105 3.4 470.0 466.6 1.12
including 124.0 278.0 154.0 2.07
V-24-111 3.3 406.9 403.6 1.05
including 182.0 285.0 103.0 1.90
Table 1 –Highlight summary of Snowline’s latest assay results; see Table 2 for
details. *Interval widths reported.
VALLEY DRILLING, ROGUE PROJECT
Hole V-24-105
Hole V-24-105 is collared within the Valley intrusion as a 66 m step back along section from
V-23-066 (383.0 m @ 2.00 g/t Au including 107.5 m @ 3.95 g/t Au from surface, see January
15, 2024 news release) and 33 m southeast along strike from nearest hole V-23-034 (418.3 m
@ 1.88 g/t Au from surface including 216.0 m @ 3.08 g/t Au, see July 5, 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 northeastern part of the Valley deposit.
The hole runs primarily through coarse-grained granodiorite for the top 340 m, at which point
it contacts a fine-grained porphyritic intrusive breccia underlying Valley’s near -surface high-
grade zone. The fine-grained porphyritic phase of the intrusion continues to the end of hole at
509 m. Quartz vein densities are highest between 242-328 m downhole, in the zone above the
porphyritic phase.
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-
105 through V-24-111. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow
spheres. Drill holes with assays pending (13 holes from Valley) are denoted by blue collars.
The hole returned 1.12 g/t Au over 466.6 m downhole from bedrock surface at 3.4 m downhole,
including 154.0 m downhole at 2.09 g/t Au starting from 124.0 m depth. As with many holes
drilled at Valley, interval grades are not substantially affected when assays are capped at 10 g/t
Au—in this case dropping by less than 1% (Table 2)—showcasing the consistent nature of gold
mineralization along the breadth of the interval.
These results and those of other holes reported herein are expected to help upgrade, de-risk and
potentially expand 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-24-105 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 4 – Relatively coarse native gold as seen in various 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 rocks. Visibl e gold is common,
with tens to hundreds of occurrences per hole consistently observed in well mineralized holes throughout the deposit, and one vein bearing visible
gold observed on average once every 7.2 m throughout all 53 km drilling at Valley to date . Gold often occurs proximal to various minor bismuth
and tellurium sulphide minerals and alloys (metallic 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.
Figure 3 – Cross-section B-B’, showing V-24-108 in the context of the initial Valley MRE block model and MRE-constraining revenue factor
0.72 pit shell. Note that most of the mineralization in the hole is outside the current resource-limiting 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.
AURELIUS DRILLING, ROGUE PROJECT
Analytical results from Aurelius confirm the presence of gold mineralization hosted in volcanic
units affected by alteration thought to be caused by a reduced intrusion -related gold system.
The strongest intervals of gold mineralization (Table 2) are commonly associated with
anomalous bismuth and tellurium, with low levels of arsenic —a geochemical fingerprint
similar to that of Valley and similar to surface samples taken from the Aurelius target in 2023.
One instance of trace visible gold was located at 344.0 m downhole depth in AU-24-003, with
a Valley-style association to anomalous bismuth.
Elevated copper grades of up to 0.07% over 120.5 m , including 0.10% Cu over 38.5 m (AU-
24-002, true widths unknown) are present in broad silicified zones of felsic and mafic tuffs and
siltstone, associated with elevated concentrations of certain rare earth elements (Nd, La, Ce &
Pr) relative to background . Certain anomalous gold values a ppear to be spatially associated
with the upper levels of these copper zones.
This first-ever drill program at Aurelius tested a relatively small physical footprint within the
broader zone of alteration and anomalous geochemistry and mineralization observed on surface.
The suspected intrusive source of th is widespread alteration and mineralization was not
intersected by this initial phase, and a majority of the target area remains untested. Metre-scale,
felsic, biotite-quartz+/-feldspar porphyritic sills of uncertain age were encountered in holes
AU-24-001, AU-24-003 and AU-24-004. Age date samples of material from these sills have
been submitted for analysis, with results pending.
Figure 5 – Plan view of Aurelius drill holes from 2024 atop geological mapping and surface geochemical results. The 2024
drill program at Aurelius was the first ever drill test of the target, which covers a broader 2 km by 500 m footprint (Figure
6). A schematic cross section including AU-24-002 and AU-24-004 is shown in Figure 7.
Figure 6 – Broad-scale view of the Aurelius target, showing the context of Figure 5 drill locations amidst a wider geochemical
anomaly accompanied by widespread hydrothermal alteration associated with proximal (and possibly buried) mid -
Cretaceous granodioritic intrusions.
Figure 7 – Cross-section C -C’, showing gold and copper results alongside a schematic representation of local geology.
Anomalous gold mineralization was encountered in both holes, accompanied by zones of elevated copper mineralization
associated with silicification and local hydrothermal brecciation.