Snowline GOLD Intersects Visible GOLD IN First TWO Drill Holes and Delineates 900 X 150 Metre GOLD-IN-Soil Anomaly at Its Valley Target, Rogue Project, Yukon
SNOWLINE GOLD INTERSECTS VISIBLE GOLD IN FIRST TWO DRILL HOLES AND
DELINEATES 900 X 150 METRE GOLD-IN-SOIL ANOMALY AT ITS VALLEY TARGET,
ROGUE PROJECT, YUKON
• The first two holes ever drilled into the Valley target intersected trace amounts of
visible gold across broad regions of drill core
• Prospecting at Valley encountered auriferous sheeted quartz veins over a large area
with grab samples of up to 15.95 g/t Au
• Soil geochemistry results delineate an open 900 x 150 m soil anomaly associated with
sheeted veins within and around a recently identified Tombstone series intrusion. Four
soil samples returned >1 g/t Au to a maximum of 3.36 g/t Au.
Vancouver, B.C., September 7, 2021: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “Company” or “Snowline”) is pleased to provide an update on its exploration
activities on its flagship Rogue project in the Yukon, Canada. Holes V-21-001 and V-21-002,
the first two holes ever drilled into Snowline’s “Valley” gold target, both intersected trace
amounts of visible gold across m uch of their 161 m and 242 m lengths in quartz vein s
associated with a previously untested reduced-intrusion related gold system. Targeting efforts
prior to drilling revealed an open, 900 x 150 m zone of anomalous gold-in-soils associated with
a recently identified intrusion accompanied by sheeted quartz veins assaying to 15.95 g/t Au.
“Visible gold mineralization at Rogue marks Snowline’s second drill discovery in as many drill
campaigns this season. We await assay results for the full story,” said Scott Berdahl, CEO and
Director of Snowline Gold Corp. “Those new to Snowline may be surprised at the apparent
success of our inaugural season. But while we are a newly listed company, this is not a new
endeavour. We were built on over three decades of mostly private Yukon-focused exploration.
Our flagship projects have taken various forms over the past 11 years, with millions spent on
baseline data collection yielding promising targets and ideas. Snowline is now well-positioned
to reap the benefits. We are fortunate to begin our journey at the drill discovery phase —the
steepest value -add in the mining life cycle —and we are just getting started . Our recent
successes further validate Snowline’s driving thesis of a new gold district in the Selwyn Basin
spanning multiple deposit types across our Rogue, Einarson and Ursa projects.”
Figure 1 – Grains of visible gold in V-21-001, at 19.6 m, 19.7 m and 36.1 m downhole in the first hole on the Rogue project’s “Valley” target.
Photos above are not consistently scaled. N ative gold grains observed to date vary in size from 0.1 mm to 0.5 mm and are commonly
accompanied by bismuthinite (shiny grey mineral). Hole V-21-001 ended at 161 m depth, with gold observed in at least 28 veins including
instances of visible gold near the bottom of the hole.
Holes V-21-001 and 002 were drilled from a single pad along an azimuth of 175°, dipping 50°
and 70° (Figure 2). Visible gold encountered in drill core occurs as grains roughly 0.1-0.5mm
in size within centimetre -scale, sheeted quartz veins that are present at varying densities per
metre throughout both holes. In hole V-21-001, at least 28 of these small quartz veins contain
visible gold, with up to five grains observed in a single vein crosscutting core. In hole V-21-
002, instances of visible gold are observed through to 217.5 m depth (total hole depth 242 m).
Sheeted veins are present in both hornfels sedimentary rocks and in a dominantly diorite to
quartz-diorite intrusion (Figure 3). This intrusion does not appear on current geological maps,
but based on nearby mapped intrusions, it is likely a member of the Mayo plutonic suite, a
series of Cretaceous-aged felsic intrusions responsible for significant gold deposits including
Fort Knox in Alaska and the Eagle gold mine in the Yukon Territory.
Figure 2 – Drill hole locations at Valley atop soil, rock and magnetic surveying results. Anomalous gold in soils defines a WNW-ESE trend
some 900 m in length and open to the southwest, roughly parallel to sheeted quartz veins that span the edge of an unmapped in trusion.
Soils assaying >1 g/t Au are labeled with white haloes. Certain r ock samp les >5 g/t Au are labeled with pink haloes. High-resolution
magnetic data captured by drone surveying shows a pronounced magnetic low (blue) over the centre of the intrusion, and a magnetic high
(pink) likely related to hornfels alteration. Holes V-21-001 & 002 targeted local structures in a hornfels roof pendant, whereas holes V-21-
003 and 004 will seek to crosscut larger intervals of sheeted veins.
V-21-001
V-21-002
V-21-003
Historic grabs to
152.0 g/t Au
15.95
5.97
9.13
11.7
The drill discovery caps off a busy season of car eful advancement and targeting by Snowline
at Valley (Figure 2), comprising soil sampling, prospecting, preliminary geological mapping,
and drone -supported detailed magnetic surveying and orthophotography across the target.
Some 376 grid soils were collected at Valley, with partially returned assay results revealing a
900 m x 150 m zone of elevated and anomalous soils. Four soil samples received to date
returned greater than 1 g/t Au, to a maximum of 3.36 g/t Au. Prospecting and preliminar y
geological mapping revealed a broad zone of sheeted veining striking WNW-ESE coincident
A
B
C
Figure 3 – Sheeted quartz veining in drill core from hole V-21-001 and from outcrop at Valley. (A) View from roughly 49 to
55 m downhole. Intense silicification accompanied by sheeted quartz veins at roughly 5 per metre (drilled width). This zone
may represent a heavily altered metasediment-hosted dike. (B) View from roughly 82 m to 87 m downhole. Sheeted quartz
and crosscutting quartz veins in diorite at roughly 8 per metre (drilled width), with micaceous alteration haloes around veins.
(C) Outcropping analogue to B exposed in a creek bed. Note the brown weathering alteration halos around veins. For scale,
drill core in figure is 5.1 cm in diameter, and the red dwarf birch leaves in C are roughly 1 cm in diameter.
with the soil anomaly. Grab samples of vein material commonly ranged from 2 g/t Au to 16 g/t
Au, though readers are cautioned that overall grade in such systems commonly depends on vein
densities in addition to grade. A 411-line-kilometer magnetic survey conducted by EarthEx
Geophysical Solutions revealed the extent of the mostly covered intrusion and associated
structures and will be useful in guiding Snowline’s drill exploration efforts.
While encouraged by the discovery of visible gold in V-21-001 and 002, the company cautions
that its true significance will not be known until drill hole assay results are available. Given
laboratory wait times of 1-2+ months, these results are unlikely to be available in the near term.
In known deposits of this type , the density of sheeted veining i s as important as the grade of
the veins as the host rock is commonly barren. No resources nor reserves have been calculated
at Rogue, and while current results are encouraging, they do not guarantee that economically
viable ore bodies will be encountered at the Valley target or elsewhere.
Figure 4 – Snowline’s Chair, Dr. Craig Hart, examines sheeted veining in intrusive float at Valley on August 29, 2021. Dr.
Hart is a world-renowned expert in reduced intrusion related gold systems, having played a key role in developing the deposit
model during the mid 2000s.
QUALIFIED PERSON
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 >90,000 ha. The Company is exploring its flagship 72,000 ha
Einarson and Rogue gold projects in the highly prospective yet underexplored Selwy n 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, Newmont’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.
Figure 5 – Valley zone location map in relation to surrounding Snowline Gold Corp. projects. The “Jupiter” zone was the
location of Snowline’s inaugural drill campaign and its first significant gold discovery earlier this season (see Snowline Go ld
press releases dated July 27, August 25 and September 3, 2021). Note the scale bar in the bottom right. Background colours
show regional geology draped over topographic hillshade.
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 arrangements,
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”, “anticipate”, “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 are 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 factor s include, among
other things: risks related to uncertainties inherent in drill results and the estimation of mineral
resources; and risks associated with executing the Company’s plans and intentions. These
factors should be considered carefully , and reade rs 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.