Assays add economic tonnage for Snowline

Snowline Gold Corp. Feb. 3 announced further assay results from its 2022 drilling program at Valley, which continues to impress the company with its continuity and most recently added significant tonnage with strong gold grades.

Located within the Selwyn Basin near Yukon's eastern border with NWT, 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.

The first target, Valley, is a recently discovered intrusive stock with sheeted gold-bearing quartz veins within the intrusion and visible gold found in sulfide veins in the surrounding hornfels.

The latest results are from three holes collared from Valley, all of which hit mineralization that Snowline says extends the known mineralized corridor by roughly 720 meters and remains open.

"We are continually impressed not only by the scale but by the continuity of gold mineralization at Valley," said Snowline Gold CEO Scott Berdahl. "Today's results build on earlier holes, with V-22-028 adding significant tonnage with strong gold grades. The hole demonstrates a wide breadth to the mineralized zone and grade continuity between previous holes."

V-22-028 was collared near the western margin of the Valley intrusion – roughly 121 meters from the collar site for V-22-14, which cut 285.2 meters averaging 1.45 grams per metric ton gold – and was drilled toward the northeast into the intrusion.

The hole, which encountered abundant sheeted quartz veins with trace visible gold, cut 363.5 meters averaging 1.4 g/t gold from bedrock surface at approximately 17 meters depth, including higher grade intervals of 42.3 meters averaging 2.15 g/t gold from 45 meters, and 129.9 meters averaging 2.03 g/t gold from 141.3 meters.

Hole V-22-019 was collared roughly 178 meters from hole V-22-026, which cut 289.7 meters averaging 0.9 g/t gold.

V-22-019 encountered widespread low to moderate density of quartz veins hosting gold mineralization, with five instances of trace visible gold noted during logging.

Two primary mineralized intervals within this hole cut 16 meters averaging 0.39 g/t gold from a depth of 71.5 meters and 201.5 meters averaging 0.37 g/t gold from 127 meters, extending the northwest-southeast strike length of potentially economic grades at Valley to 720 meters.

"Promising mineralization seen in V-22-019 shows potential for the near-surface higher grades to continue to the southeast, while V-22-020 shows widespread mineralization within the Valley intrusion beyond the main gold zones known to us at present," said Berdahl.

Hole V-22-020 was collared in the Valley intrusion at the pad site of V-22-015, which cut 442 meters averaging 0.65 g/t gold, but drilled in the opposite direction toward the northeast.

The hole encountered a low to moderate density of quartz veins dipping to the northeast, generally at low angles to the core axis. This hole cut 443.5 meters averaging 0.25 g/t gold from bedrock surface at 7.5 meters, with generally consistent gold mineralization.

"We look forward to receiving additional assays from the 2022 season as we gear up for an exciting exploration program in 2023," finished Berdahl.

Assays are still pending for seven of the 32 holes drilled at the Valley and Gracie zones on the Rogue property.