Latest results yield extensive mineralized zones, confirming continuity.

Snowline Gold Corp. Nov. 12 announced further impressive results from its 2024 drill program at the Valley deposit on the Rogue project in Yukon, with additional long, consistently mineralized intercepts that highlight the strong continuity and high grades encountered throughout the season.

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 with the Tombstone plutonic suite, which hosts multi-million-ounce reduced intrusion-related gold systems such as the Eagle Gold deposit in the Yukon and appears to be associated with similar Tintina Gold Belt projects such as those found at Fort Knox and Donlin Gold in Alaska.

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.

While initial assays for the season reported in mid-July were similarly long and consistently mineralized, something increasingly normal for this multi-million-ounce property, it was results reported in early October that truly cemented "the consistency of mineralization at Valley ... have become almost commonplace," said Snowline Gold CEO Scott Berdahl at the time.

Averaging 2.1 g/t gold over 433.5 meters from surface, and 1.31 g/t gold over 273.2 meters from surface, these numbers fall in line with the company's third and fourth highest-ranked holes reported in early August; 2.38 g/t gold over 471.6 from surface and 2.57 g/t gold over 325 meters from surface – numbers that have consistently surpassed the model used to outline its current resource estimate.

"We are encouraged to see results from Valley continuing to live up to the high standards set by the deposit model, in hole after hole – in our view, this is a key hallmark of a high-quality mineral deposit," said Berdahl.

Snowline Gold Corp.

Cross-section showing recent holes within the Valley MRE model, highlighting visible gold (yellow spheres) beyond the current pit shell.

All drilled within the Valley intrusion, the latest results fall in line with past results; highlights include:

• 219.1 meters averaging 1.4 g/t gold from surface in hole V-24-088, including 72 meters averaging 2.11 g/t gold from 48.5 meters.

• 380.4 meters averaging 1.06 g/t gold from surface in V-24-091, including 51 meters averaging 2 g/t gold from 182 meters.

The company expects the results from V-24-088 to help upgrade and de-risk relevant areas of the initial resource estimate for Valley. However, the overall impact will be assessed along with analytical results from all subsequent holes in a potential updated resource estimate.

Regional exploration

Aside from the latest results, Snowline has also made progress in its regional exploration efforts, identifying promising indications at various targets.

At the Cynthia project, a 500-by-200-meter gold and silver anomaly was delineated in talus fines located north of an area with limited historical drilling.

A continuous chip sample across an outcropping dike yielded 0.58 g/t gold and 45 g/t silver over eight meters, pointing to the potential for a mineralized system and quickly emerging as a strong new potential target.

The Jupiter target, located on the Einarson property, was also part of Snowline's aggressive regional campaign, with drilling aimed to follow up on earlier high-grade orogenic gold mineralization encountered in 2021.

Initial holes at Jupiter revealed multiple zones of mineralization, which expanded the known width and depth of the target's system. Notably, assays from recent drilling are pending, with encouraging indications of gold-bearing structures providing a foundation for further exploration.

Additionally, the Reid prospect was the target of a 1,000-meter drill program. Building on previous exploration results, the drilling aimed to define the extent of the mineralization. The results from Reid, along with those from other regional targets, are pending and are expected to provide further insights into the broader mineral potential within Snowline's property holdings.

"We are further encouraged by ongoing indications of widespread regional gold fertility across our extensive mineral tenure in the eastern Yukon, evidenced by advancement of yet another greenfield target, on our Cynthia project, in the broader Rogue Plutonic Complex," said Berdahl.