Snowline GOLD Locates 5.1 Km Long Trend of Anomalous GOLD-IN-Soils Grading to 1.7 G/T Au at Gracie, Rogue Project, Yukon
SNOWLINE GOLD LOCATES 5.1 KM LONG TREND OF ANOMALOUS GOLD-IN-SOILS
GRADING TO 1.7 G/T AU AT GRACIE, ROGUE PROJECT, YUKON
• 5.1 km zone of anomalous gold values found in soil and talus fine samples at Gracie
• 43 soil samples from a 1,600 x 800 m central area average 0.49 g/t Au, with 8
samples >1 g/t Au
• Zone underlain and adjacent to probable unexposed intrusion only 4 km from
Snowline’s 2021 “Valley” discovery
• Intact carapace at top of intrusion presents high priority drill target for 2022.
Vancouver, B.C., April 7, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC:
SNWGF) (the “ Company” or “ Snowline”) is pleased to provide an update on generative
exploration results from its Rogue project in the Yukon Territory, Canada. Geochemical assay
results received from late season 2021 contour soil and talus fine sampling reveal a large zone
of anomalous gold values to 1.71 g/t Au on top of and around a probable, near-surface, gold-
bearing intrusion at the Company’s Gracie target.
Figure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface
sampling performed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable burie d intrusion, with
values of up to 1.71 g/t Au from talus fines at Gracie. Dashed blue ovals indicate zones of anomalous results. Samples from the central zone have
an average of 0.49 g/t. North and south zones of anomalous gold values are along stratigraphic and structural trend with the unexposed intrusion.
The Valley intrusion and suspected Gracie intrusion are expressed in in the ZTEM image as cooler colours representing relative electrical resistors,
consistent with other known intrusions in the survey area.
“These results add to strong evidence that Gracie could host a large and fertile reduced-
intrusion related gold system,” said Scott Berdahl, CE O and director of Snowline. “ What
excites us about this —beyond the potential to duplicate our Valley discovery —is that the
intrusion at Gracie hasn’t been exposed by erosion. These gold systems can be most prospective
at the very top of an intrusion, where initial cooling of the edges creates a brittle carapace that
fractures to accommodate later gold bearing fluids. An intact carapace at Gracie thus makes
for a compelling exploration target adjacent and complementary to the Company’s 2021 Valley
and Ridge discoveries.”
Anomalous gold in soil samples up to 1.71 g/t Au were returned from 5.1 kilometers along a
north-south trending ridge. All 43 samples within a central area roughly 1,600 m long by 800
m wide area averaged 0.49 g/t Au, with 8 results >1 g/t Au (Figure 3). Gold values in this core
area have elevated bismuth ( up to 28 7 ppm) and tellurium ( up to 7 ppm) - a geochemical
signature that is the same as Snowline’s Valley zone and is similar to other reduced-intrusion
related gold systems.
Limited historical surface work at Gracie yielded mineralized rock samples in outcrop and float,
with values of up to 57.0 g/t Au (quartz sulphide vein float). Prospecting by Snowline personnel
in 2021 returned float grab samples of up to 6.9 g/t Au. Regional airborne z -tipper axis
Figure 2 – Simplified schematic cut-away of Valley
and Gracie subsurface geology. The large Au-Bi-Te
geochemical anomaly and accompanying ZTEM geophysical
patterns indicate the presence of a Cretaceous aged felsic intrusion
(pink) with a related gold mineralizing system in the brittle carapace at
the top of the intrusion (red). Fracture arrays that preferentially develop in the
carapace are receptive hosts for gold -bearing fluids that form sheeted quartz vein arrays
(gold lines). An intact mineralized carapace thus makes for an attractive exploration target.
aeromagnetic (ZTEM) data from 2008 over the Gracie target area are resistive and indicate a
felsic intrusion with hornfels country rock exposed on the surface and surrounding the intrusion
(Figure 1). These geophysical results are consistent with initial observations of the Gracie
target area and will be further verified by the Company.
Given the steep, rocky terrain and poor soil development (Figure 4), many soi l samples from
the Gracie area are classified as talus fines. Talus fines samples are produced by mechanical
weathering of rocks are less modified by chemical weathering than typical soils. Some
elements in talus fine samples may have stronger geochemical responses than soils from over
a bedrock geochemical anomaly. Talus fine samples are also more susceptible to a sampling
bias wherein more easily weathered mineralized zones, such as sulphide -rich vein s, can
contribute a larger portion of the talus fine sediment load than the more durable and relatively
barren country rock, resulting in a concentration of associated elements like gold.
Figure 3 – Soil and rock assay results from the core of the Gracie zone. Soil samples from within a 1,600 by 800 m area above the site of a suspected
buried intrusion returned highly anomalous gold, bismuth and tellurium values, indicating an affinity to an intrusive source. The precise location
and the depth to the top of the suspected causative intrusion have yet to be established.
EXPLORATION PLANS
The proximity of Gracie to Snowline’s Valley zone, some 4 kilometers to the west, makes for
convenient and cost -effective exploration in light of the Company’s planned 3,000 m drill
program at Valley in 2022. Expansion of the 2021 Valley zone aeromagnetic survey is planned
for coverage of the Gracie zone and the broader claim block using a helicopter -borne
geophysics system. Additional surface sampling and geological mapping at Gracie will provide
further context for magnetic and geochemical results to assist potential drill targeting.
ABOUT ROGUE
Snowline’s 100% -owned Rogue property covers over 11,000 hectares in three main claim
blocks. Each claim block covers one or more Cretaceous-aged intrusions of the Mayo plutonic
suite – these are highly prospective for bulk -tonnage, reduced intrusion related gold systems
(RIRGS). A first-pass 800 m drill program completed in September 2021 targeted bulk tonnage
sheeted quartz vein arrays and resulted in the drill discovery of the Valley zone with
intersections of up to 1.25 g/t Au over 168.7 m (Table 1). Late-season contour soil sampling
near the Valley zone revealed a second anomal ous region associated with sheeted vein arrays
along the northeastern edge of the Valley stock known as the Ridge Zone (See Snowline’s
March 10, 2022 Press Release).
Figure 4 – Photograph of a gossanous ridge in the Gracie Zone, produced by oxidation of high-
temperature hydrothermal alteration. Such alteration is presumably caused by a fertile sibling intrusion
to the Valley stock present beneath Gracie. “Soil” samples collected from such areas are denotes as talus
fines, as there is generally little to no development of a typical soil profile.
From To Width*
V-21-001 5.0 140.0 135.00 1.09
including 19.5 127.5 108.00 1.27
V-21-002 35.3 172.0 136.75 1.01
V-21-003 1.0 169.7 168.65 1.25
including 1.0 126.0 125.00 1.56
including 12.5 71.0 58.55 2.14
V-21-004 46.5 140.3 93.80 0.77
Drillhole ID
Interval* (metres) Grade
(Au g/t)
Table 1 – Previously announced drill intervals from the Valley zone on
Snowline’s Rogue project. *Interval widths reported; at this point there is
insufficient data to reliably estimate true widths.
Figure 5 – Gracie zone location map in relation to surrounding Snowline Gold Corp. projects. Two significant
drill discoveries made in Snowline’s first two drill programs (Jupiter and Valley) highlight the fertility of the
district and the prospectivity of the Company’s additional targets, including Gracie.
GRACIE
STOCK OPTIONS
The Company also announces that the Board of Directors has granted a total of 350,000
incentive stock options to various employees of the Company in connection with recent
appointments. The options are exercisable for one share each at $0.80 per share for a period of
five years from March 8, 2022 and are subject to the terms of the Company's Stock Option
Plan. Options are subject to vesting provisions of 20% every six months from the da te of the
grant.
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 > 106,000 ha. The Company is exploring its flagship 72,000 ha
Einarson and Rogue gold projects in the highly prospective yet underexplor ed 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, 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.
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 s ummer 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 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 Company’s plans and intentions. These
factors sh ould 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 refle ct new events or
circumstances, except as required by law.