Snowline GOLD Intersects 8.3 Grams PER Tonne GOLD over 4.7 Metres Including 22.1 Grams PER Tonne over 1.1 Metres IN 460 Meter Step-over at Its Jupiter Zone, Einarson
SNOWLINE GOLD INTERSECTS 8.3 GRAMS PER TONNE GOLD OVER 4.7 METRES
INCLUDING 22.1 GRAMS PER TONNE OVER 1.1 METRES IN 460 METER STEP-OVER
AT ITS JUPITER ZONE, EINARSON
• Diamond drill hole J-21-020 returned 8.3 g/t Au over 4.7 m in the first drill test of a
new, covered target area at Jupiter
• Quartz breccia hosts fine-grained visible gold assayed 22.1 g/t Au over 1.1 m within
above 4.7 m interval
• Hole J-21-020 was collared 1.1 km north of high-grade (>20 g/t Au) hits in holes J-
21-010, 011, 012 & 013, demonstrating scale of mineralizing system
• Assays still pending for all 4 holes at Snowline’s Valley zone bulk-tonnage target 32
km south of Jupiter, each of which intersected visible gold and extensive zones of
sheeted veins
Vancouver, B.C., January 12, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to announce receipt of remaining assay
results from Phase I drilling at the Jupiter zone on its district-scale Einarson gold project in the
Yukon Territory, Canada . Among these results, h ole J-21-020 returned 8.3 g/t Au over 4.7
meters, including 22.1 g/t Au over 1.1 meters in a quartz-carbonate vein breccia carrying visible
gold. True widths for this intersection are not known but are estimated at approximately 90%
of the reported interval.
“We are pleased to see high grades associated with the visible gold discovered in this new part
of the Jupiter zone,” said Scott Berdahl, CEO and Director of Snowline Gold Corp. “While the
area lacks mineralized outcrops to guide our decision -making at Jupiter, this target was
particularly blind but it does have a broad geochemical anomaly. As a random shot through
this target, today’s results are particularly encouraging —they give us a foot in the door in
locating and delineating this new mineralization center. With results from widely space drilling
over 1.1 km we are just scratching the surface. We look forward to expanding on this discovery
Figure 1 – J-21-020, from 106.0 m to 111.4 m downhole, as previously shown in a September 3, 2021 Company release. The
wide, stylolitic, acicular arsenopyrite -bearing quartz carbonate vein breccia from 108.9 m to 110.0 m downhole returned
22.1 g/t Au over 1.1 m . Instances of fine -grained visible gold were observed at 109.6 m and 109.8 m downhole. This sits
within a broader zone of mineralized quartz carbonate veins and pyrite - and arsenopyrite-bearing siltstones from 106.0 m
to 110.7 m downhole which averaged 8.3 g/t Au (including the above interval). Intersections are perpendicular to the core
axis and thus suggest a close approximation of true widths, although the geometry of the mineralization is not yet known
and others as we further test the 3 -km-long geochemical anomaly at Jupiter in the upcoming
2022 field season.”
The bottom of hole J-21-016 returned 0.95 g/t Au over 4.5 m from 175.8 m downhole . Holes
17 through 19 were drilled to test a possible parallel trend to the discoveries in holes 10-13 and
15, and they intersected grades of up to 3.2 g/t Au. Hole J-21-021, which was drilled at a steeper
Figure 2 – Location of J-21-020 and other drill holes plotted on Jupiter area soil and rock geochemical results. Diamond drill
hole collars are shown as circles coloured by the highest grade assay returned along a given hole. The vast majority of the 3
km Jupiter zone anomaly remains to be tested, within and outside of the 1.1 km area drilled to date. Inset shows Jupiter and
surrounding zones in context of local geology and major faults. Snowline’s 2021 drill campaign is the first ever drill testing of
Jupiter on the district-scale Einarson gold project. True widths of the above intervals are not yet known.
J-21-020
4.7m @ 8.3 g/t Au
J-21-011
5.0m @ 10.43 g/t Au
6.5m @ 13.21 g/t Au
J-21-010
5.5m @ 5.15 g/t Au
13.0m @ 3.45 g/t Au
9.5m @ 5.01 g/t Au
6.0m @ 10.6 g/t Au
J-21-012
6.0m @ 13.9 g/t Au
J-21-013
27.0m @ 2.59 g/t Au
10.6m @ 4.02 g/t Au
J-21-015
3.6m @ 13.7 g/t Au
J-21-021
J-21-017
J-21-018
J-21-019
J-21-016
JUPITER
MARS
AVALANCHE
CREEK
Map
area
angle from the same pad as Hole 20, intersected a large pyritic zone with quartz carbonate
material but generally subdued gold values (Table 1).
Drillhole
ID
Coordinates (NAD83 Zn9) Orientation (True) Interval* (metres) Grade (Au
g/t) Easting Northing Azimuth Dip From To Width*
J-21-016 381844 7089270 250 -80 164.2 165.4 1.20 0.68
175.8 180.3 4.50 0.95
J-21-017 381673 7089298 250 -60 44.5 45.0 0.5 0.12
J-21-018 381677 7089296 80 -60 104.5 105.5 1.0 1.23
and 109.0 110.5 1.5 1.63
J-21-019 381675 7089292 60 -80 67.8 69.7 1.9 2.47
J-21-020 381917 7090263 250 -50 106 110.7 4.7 8.32
including 108.9 110.0 1.1 22.10
remainder 3.6 4.11
J-21-021 381919 7090265 250 -75 168.5 170.0 1.5 0.36
The style of mineralization in Hole J -21-020 is consistent with that observed on surface in
quartz-carbonate float boulders and in drill discoveries made by Snowline earlier in the season
on Jupiter, suggesting the presence of a large mineralized system. I t is also consistent with
occurrences of near-source float mineralization observed at the Avalanche Creek target, some
12 kilometers to the south of Jupiter.
This Phase I drill program represents the first ever drilling at Jupiter and marks the discovery
of a new style of mineralization for this region of the Yukon. Jupiter is thought to represent an
epizonal orogenic gold system, with similarities to systems like New Found Gold Corp.’s
Queensway discoveries in Newfoundland and Agnico Eagle Mines Ltd.’s Fo sterville mine in
the Bendigo district of Australia.
Jupiter is one of nine target zones prospective for orogenic and/or Carlin -style gold
mineralization currently recognized on Snowline Gold’s 70% -owned, district-scale Einarson
project. Adjacent projects Rogue and Ursa are prospective for intrusion -related gold an d
sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated
on any of these targets, and while current results are encouraging, they do not guarantee that
economically viable ore bodies will be encountered at Jupiter or elsewhere.
Table 1 – Hole details and notable intervals in holes 16 though 21 at Jupiter. *True widths are not yet known with certainty but
in hole J-21-020 are estimated to be roughly 90% or more of the reported interval.
FORTHCOMING RESULTS
The Company awaits assay information for its four drill holes from the Valley zone on the
nearby Rogue project , some 32 kilometers to the south of Jupiter . All four holes at Valley
intersected trace amounts of visible gold in drill core. Valley is a reduced intrusion-related gold
target that presents a bulk-tonnage gold exploration model where gold is hosted in widespread
arrays of centimetre-scale sheeted quartz veins within and around a felsic intrusion.
In hole V-21-001, sheeted quartz veins were observed across its entire 161 m length. Thirty -
one of the many veins observed in this hole contained trace amounts of visible gold, with up to
Figure 3 – Jupiter zone location map in relation to surrounding Snowline Gold Corp. projects. At the Rogue project’s Valley
target, assay results for all four holes (each of which intersected trace amounts of visible gold) remain pending.
five gold grains observed in a given vein. Visible-gold bearing veins were distributed roughly
evenly across the length of the hole.
QA/QC AND QUALIFIED PERSON
On receipt fr om the drill site, drill core was systematically logged for geological attributes,
photographed and sampled. Smaller sample lengths were used to isolate zones of interest,
otherwise a default 1.5 m downhole sample length was used. Core was cut in half lengthwise,
with one half collected for analysis and one half stored as a record. Standard reference materials,
blanks and duplicate samples were inserted by Snowline personnel at regular intervals into the
sample stream. Bagged sample s were sealed with security tags to ensure integrity during
transport. They were delivered by expeditor and by Snowline personnel to ALS Laboratories’
preparatory facility in Whitehorse, Yukon, with analysis completed in Vancouver.
ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. Samples were
crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits were
pulverized to >85% passing below 75 microns. An aqua regia digest with an inductively
coupled plasma mass spectroscopy (ICP-MS) finish was used for 51-element analysis on 50 g
samples (ALS code: Au -ME-TL44). Any sample returning >50 ppb Au was re -analysed for
gold content by fire assay with an inductively coupled plasma atomic emission spectroscopy
(ICP-AES) finish on 30 g samples (ALS code: Au -ICP21). Over-limit samples of >10 g/t Au
were analyzed by fire assay with a gravimetric finish again on a 50 g sample (ALS code: Au-
GRA22). Where more than one gold assay exists for a sample, assays reported herein prioritize
these methods in reverse order.
Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief
Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument
43-101.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven -
project portfolio covering > 100,000 ha. The Company is exploring its flagship 72,000 ha
Einarson and Rogue gold projects 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’ Fort Knox mine, N ewmont’s
Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides
a unique opportunity for investors to be part of multiple discoveries and the creation of a new
gold district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements about the
Company reviewing its newly acquired project portfolio to maximize value, reviewing options
for its non -core assets, including targeted exploration and joint venture a rrangements,
conducting follow -up prospecting and mapping this summer and plans for exploring and
expanding a new greenfield, district -scale gold system. Wherever possible, words such as
“may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “antici pate”, “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 a re 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 factors include, among
other things: risks related to uncertainties inherent in drill results and the estimation of mineral
resources; and risks associated with executing the Com pany’s plans and intentions. These
factors should be considered carefully , and readers should not place undue reliance on the
forward-looking statements. Although the forward -looking statements contained in this news
release are based upon what management believes to be reasonable assumptions, the Company
cannot assure readers that actual results will be consistent with these forward -looking
statements. These forward-looking statements are made as of the date of this news release, and
the Company assumes no obligation to update or revise them to reflect new events or
circumstances, except as required by law.