Snowline acknowledges 2023 job well done

Snowline Gold Corp. Dec. 29 provided an end-of-the-year summary of its 2023 season, highlighting key activities and achievements that truly elevate the status of this junior and impress the significant prospect the company has outlined in the rich and underexplored region of the Selwyn Basin in Yukon, Canada.

With an extensive portfolio that includes roughly 280,000 hectares (602,000 acres) of gold exploration properties within the Selwyn Basin near Yukon's eastern border with Northwest Territories and nearly 6,500 hectares (16,062 acres) of gold projects closer to Yukon's western border with Alaska, this junior quickly exploded into the Yukon mining scene.

Aiming for 16,000 meters at its Valley target on the company's flagship Rogue property, Snowline eventually ended the year with 22,000 meters across six targets.

This was due, in large part, to the significant intervals the company continued to uncover at Rogue.

With all five of its phase-one drill programs on five different targets hitting instances of visible gold and zones of anomalous gold mineralization, the 2023 program demonstrated the widespread regional fertility of its land package.

Briefly summarized, Snowline condensed its packed season into a top five highlights for 2023.

Right away, the largest takeaway for its 2023 season was the consistently strong results from the Valley target. With a half dozen holes of 400 or more meters of strong gold grades, including:

• 553.8 meters averaging 2.48 grams per metric ton gold.

• 539.4 meters averaging 1.2 g/t gold.

• 558.7 meters averaging 1.26 g/t gold.

• 424 meters averaging 1.43 g/t gold.

• 519.6 meters averaging 2.46 g/t gold.

• 429.6 meters averaging 1.01 g/t gold.

With these long intercepts, Snowline was laden with gold-mineralized core in 2023.

On the testing side, initial metallurgical work demonstrated the high gold recoveries and non-refractory gold mineralization at Valley. Snowline stated that recoveries from non-optimized, conventional processing techniques averaged at least 94.1% from bottle roll cyanidation, 95.4% from flotation, and 95.7% from carbon-in-leach on 75-micron grinds.

Toward the end of the year, Snowline was awarded the Robert E. Leckie Award for Excellence in Environmental Stewardship from the Government of Yukon in recognition of its efforts in early-stage baseline environmental monitoring, renewable energy system installation and use, progressive reclamation of disturbed sites, reclamation of an abandoned exploration camp from the 1990s, and active research for effective, site-specific reclamation strategies for future development.

Ending the year with a total of C$35.7 million in its treasury, Snowline is set for further productive exploration as it enters 2024.

And the year of success resulted in a more than 70% appreciation in Snowline's share price from the first day of 2023.

"Our work in 2023 highlights the unique nature of the gold discovery at the Valley target on our Rogue Project," said Snowline Gold CEO Scott Berdahl. "The remarkable consistency and continuity of strong gold values at Valley across hundreds of meters of length, width and depth beginning from surface-with clean, non-refractory mineralization-makes not just for an exciting discovery story, but for a special asset with hallmarks of a system capable of delivering sustainable value to shareholders and to local economies for decades to come."

With its exploration work outlined, and treasury and financial successes, the company offered up additional highlights from 2023 that included investment from B2Gold; formal coverage from six independent industry analysts; institutional ownership growth to over 17% of outstanding shares; consolidation of the Rogue Plutonic Complex; the appointment of Calum Morrison to its Board of Directors; listing on the Toronto Stock Exchange; a new in-house data management and database system; and a new permanent year-round office out of Whitehorse.

With a strong treasury, three diamond drills parked on-site at Valley and plans to mobilize a fourth drill, Snowline says it is already geared to begin an action-packed 2024 exploration season.

"Additional surface work and drilling on other targets suggest strong regional fertility across much of our greater than 3,300-kilometers-square property portfolio and the potential for Valley-style mineralization at multiple other targets within the Rogue Plutonic Complex," added Berdahl. "I would like to congratulate our entire team on an incredible year, and to thank our investors, service providers, suppliers, consultants and partners who have made this possible and who continue to support us as we advance our targets and grow as a company."

The scale and nature of the 2024 program will be finalized early in the coming year, but the program will have two primary objectives: continue to advance the Rogue project's Valley target, which remains open, both through exploration and through a push toward collecting requisite information for economic assessment and rigorous baseline with a focus on future advanced permitting, and follow up on promising results from other targets on Rogue and on the company's surrounding property positions with the goal of establishing a new gold district.