Intercepts swell Valley gold for Snowline

Snowline Gold Corp. Dec. 22 announced a significant 207-meter intercept of 1.76 grams per metric ton gold in the latest round of assay results from its 2022 drilling at the Rogue project in Yukon, Canada.

"The latest results from Valley continue to demonstrate substantial scale and strong grades for a reduced intrusion-related gold system," said Snowline Gold CEO Scott Berdahl.

One of several highly prospective properties in Snowline's Yukon portfolio, Rogue is an 11,227-hectare (27,743 acres) property that comprises 442 mineral claims with a main block that covers a roughly nine-kilometer (5.6 miles) trend of metamorphic rock hornfels complemented by anomalous gold in rocks, soils, and stream sediment samples.

Within Rogue, Snowline has been paying particular attention to the Valley zone. A relatively new discovery for the mining junior, Valley comprises intrusive rock with sheeted gold-bearing quartz veins within the intrusion and visible gold within sulfide veins in the surrounding hornfels.

The best hole from the previous announcement of assays included V-22-014, which cut an impressive 128.2 meters averaging 2.48 g/t gold from a depth of 2.8 meters, within a broader zone of 1.45 g/t gold over 285.2 meters.

You can read the previous assay results at Valley returns strong gold for Snowline in the November 18, 2022 edition of North of 60 Mining News.

The latest batch of assay results includes:

• 170 meters averaging 1.18 g/t gold within a broader mineralized interval of 442 meters averaging 0.65 g/t gold in hole V-22-15.

• 207 meters averaging 1.76 g/t gold within a broader mineralized interval of 338 meters averaging 1.32 g/t gold in hole V-22-032.

• 121.9 meters averaging 1.33 g/t gold with a broader mineralized interval of 313 meters averaging 0.86 g/t gold in hole V-22-033.

"Holes V-22-015 and 032 add considerably to the known tonnage of well-mineralized rock in Valley's central zone," added Berdahl. "The shape, the size, and the distribution of grades that we're seeing at Valley-with many of the highest grades encountered to date starting at surface-bode very well for the potential economics of the discovery."

While assay results from 17 of the 32 holes drilled at Valley and Gracie zones this year are still pending, Snowline feels confident the results will continue to improve the economics of this Yukon property.

"We eagerly await remaining 2022 assay results and their contributions to our understanding of this large mineralized system, with more than 5,000 meters still to come at Valley and all five holes (less than 2,000 meters) still pending from our nearby Gracie target," the Snowline CEO finished.