Assays once again outperform resource model; Snowline still awaiting majority of results.

Snowline Gold Corp. Oct. 10 announced the next batch of assays from its 2024 exploration campaign at Valley on the company's Rogue project in Yukon, Canada, including 2.1 grams per metric ton gold over 433.5 meters, further reinforcing the potential for high-grade, near-surface gold mineralization.

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

This trend is marked by two suspected members of the Tombstone plutonic suite, which are known for hosting multi-million-ounce reduced intrusion-related gold systems such as those at Fort Knox in Alaska and Eagle in the Yukon.

Holding seven prospective targets across the Yukon, Snowline's portfolio is split between its Rogue, Einarson, Ursa, Cynthia, and Olympus properties in the Selwyn Basin and the Tosh and Cliff projects closer to Yukon's western border with Alaska.

According to an inaugural resource calculation released in June, the Valley deposit on the Rogue property hosts 76 million metric tons of indicated resources averaging 1.66 grams per metric ton (4.05 million ounces) gold, plus 81 million metric tons of inferred resources averaging 1.25 g/t (3.26 million oz) gold at a cut-off grade of 0.4 g/t gold – a total of 7.3 million ounces with significant potential for expansion.

Kicking off its 2024 exploration season in late May, Snowline outlined an ambitious 25,000-meter drill program across multiple targets within its vast Yukon portfolio. Allocating 15,000 meters for Valley, the remaining 10,000 meters were designed to follow up on drilling at the Jupiter target on its Einarson property and other targets such as Cynthia, Ursa, and newly identified zones within Rogue.

In mid-July, the company released results from the first two holes drilled at Valley this year, both of which cut wide sections of above-resource-grade gold mineralization; highlights include:

• 449.7 meters averaging 1.77 g/t gold from surface in hole V-24-071, including 169.2 meters averaging 2.89 g/t gold from surface.

• 295.3 meters averaging 2.66 g/t gold from surface in V-24-072, including 100.8 meters averaging 4.67 g/t gold from surface, with 12 meters averaging 8.38 g/t gold from 58 meters.

While these initial results were impressive and aligned with previous results at Valley, the next batch of results further topped the first, ranking as the third and fourth highest in terms of contained gold at the deposit to date; highlights from the results in early August included:

• 471.6 meters averaging 2.38 g/t gold from surface in hole V-24-075, including 302.1 meters averaging 3.2 g/t gold from surface, with 22 meters averaging 6.48 g/t gold from a depth of 160 meters.

• 325 meters averaging 2.57 g/t gold from surface in V-24-073, including 136 meters averaging 4.84 g/t gold from surface, with 33 meters averaging 7.08 g/t gold from 55 meters.

Snowline Gold Corp.

Cross-section showing hole V-24-081 in relation to the Valley deposit's initial resource model.

Maintaining the consistency and continuity that Valley has become known for, the latest results, once again, outperformed the scale used in its resource estimate. Highlights include:

• 433.5 meters averaging 2.1 g/t gold from a depth of 19 meters in hole V-24-081, including 50.5 meters averaging 3.2 g/t gold from 98.5 meters.

• 273.2 meters averaging 1.31 g/t gold from surface in V-24-084, including 120.7 meters averaging 2.18 g/t gold from surface.

"It is a testament to the consistency of mineralization at Valley that results like today's have become almost commonplace," said Snowline Gold CEO Scott Berdahl. "Nonetheless, they further demonstrate the strength of the system near surface, and key holes V-24-081 and V-24-084 outperform our model along the southwest margin of the deposit."

The company reports that roughly 25,000 meters have been drilled at Valley in 55 holes for this season – nearly matching the amount of drilling that produced the 7.3-million-ounce estimate, and essentially doubling the total drilling completed at Valley.

With over 24,600 meters of drilling across 45 holes at six different targets on the Rogue and Einarson projects still pending, the company anticipates these results will offer further insights into the continuity and grade of mineralization.

Moving forward, Snowline plans to leverage the geological insights gained from the 2024 drill program to refine its exploration targets and guide future drilling campaigns.

The presence of visible gold and extensive sheeted quartz veins logged offers promising indicators for further expanding the known mineralization at Valley, with additional high-grade zones likely to emerge as more assay results are returned.

In addition to its exploration efforts, Snowline initiated a reclamation project at the historical Plata staging area, located roughly eight kilometers (4.9 miles) southwest of Rogue. This work involves the cleanup and organization of debris and abandoned equipment from mining activities in the 1980s, with plans for future demobilization of materials.

Completing the first phase of site cleanup in September, work consisted of documenting, inventorying, stockpiling, and limited removal of abandoned equipment and materials. Stockpiled materials have been consolidated and prepared for future removal from site.

"We are also pleased to report completion of the first stage of a meaningful side project – the cleanup of the historical Plata staging area, which supported small-scale mining efforts in the region in the early 1980s," added Berdahl. "We would like to thank Honey Badger Silver Inc. and Archer, Cathro & Associates for their assistance in these efforts. This work builds on Snowline's commitment to contribute to a lasting positive legacy for mining in the Yukon."