Doubling landholdings, achieving a maiden resource, completing record drilling, and earning top environmental honors defined the year.

Snowline Gold Corp. Dec. 31 highlighted a landmark year marked by significant milestones, including the release of its multi-million-ounce maiden resource estimate, the expansion of its flagship Valley deposit in the Yukon, and a record-breaking drill program that underscored the growth of its ambitious exploration efforts across the region.

"Thanks to an incredible performance by our team, 2024 has seen a phase change for Snowline in terms of the definition, de-risking and advancement of our flagship Valley deposit," said Snowline Gold CEO Scott Berdahl.

Over the course of 2024, Snowline significantly expanded its landholdings within the Selwyn Basin, nearly doubling the size of its flagship Rogue project to encompass 11,227 hectares (27,743 acres) across 442 mineral claims.

This growth consolidated the company's presence along a roughly nine-kilometer (5.6 miles) trend within the Tombstone plutonic suite, a region recognized for its potential to host large-scale gold systems.

Concentrating the bulk of its efforts on advancing the Valley deposit at the Rogue project, Snowline dedicated extensive drilling to expand and refine its flagship asset. Complementing this primary focus, the company also carried out exploratory drilling at the Jupiter target on the Einarson project and conducted early-stage exploration at the Cynthia property.

In June, Snowline achieved its most significant milestone to date with the release of its inaugural resource estimate for Valley.

This calculation for the emerging world-class gold deposit in eastern Yukon outlines 76 million metric tons of indicated resource averaging 1.66 grams per metric ton (4.05 million ounces) gold; plus 81 million metric tons of inferred resource 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.

"We entered the year with exciting drill results from Valley. By June, we had an initial mineral resource estimate establishing Valley as a significant, multi-million-ounce gold deposit, emphatically checking important boxes in terms of its strong gold grades, continuous near-surface geometry, and favourable metallurgy," said Berdahl. "By October, we'd increased the total metres drilled at Valley by 90% through a combination of expansionary holes and infill drilling. We did this safely and within the budget of a much smaller initial program, while drill testing multiple additional targets in the district and discovering new mineralized systems through ongoing baseline and generative work."

Beyond the maiden resource estimate and extensive drilling, Snowline's 2024 achievements extended into operational, environmental, financial, and organizational advancements, with the company ultimately completing over 35,000 meters of drilling across multiple targets – its largest campaign to date – while remaining under budget.

This operational excellence expanded the Valley deposit's footprint and left 11,600 meters of assay results still pending at year's end, promising additional insights for 2025.

To support its ambitious exploration goals, Snowline expanded its field capacity with the construction of a 50-person Valley Camp and the acquisition of a 30-person camp at Einarson, a move that increased its operational efficiency and boosted its field capacity by 160% over the previous year.

With a focus on strengthening its foundations, Snowline leveraged both strategic investments and local partnerships to drive growth throughout 2024. Of the C$30.2 million (US$22.1 million) spent on exploration, 80% flowed to Yukon-based companies, with 61% supporting businesses owned by or partnered with Yukon First Nations.

These initiatives were underpinned by a successful funding effort that raised C$31.9 million ($23.3 million) at a 46% premium to market, leaving Snowline with C$43.2 million ($31.6 million) in its treasury – ensuring the resources necessary for an ambitious 2025 exploration campaign without significantly diluting shareholder value.

To further its development goals, Snowline expanded its leadership team in 2024, appointing Brian Hegarty as Vice President of Sustainability and External Relations and mining engineer Gil Lawson as an independent director.

These additions bolster the company's in-house expertise as it plans to bring on a Vice President of Engineering to oversee future expansion and project advancement.

In tandem with its operational and organizational efforts, Snowline earned its second consecutive Robert E. Leckie Award for Excellence in Environmental Stewardship, reflecting the company's adherence to environmental best practices.

This recognition, granted by representatives of Yukon's government and First Nations, highlighted Snowline's reclamation and cleanup work at the historic Plata airstrip, underscoring its commitment to responsible exploration.

Snowline Gold Corp.

Snowline team members celebrate a successful 2024 field season with a friendly hockey match during the Yukon Geoscience Forum in November.

"We plan to release an updated MRE (mineral resource estimate) for Valley prior to the commencement of the 2025 field program," the Snowline CEO said. "I would like to thank our team as well as our service providers, suppliers, consultants and partners for another incredible year, and our shareholders for their ongoing support as we advance a unique deposit and work to explore what could become an exciting new gold district."