Snowline Gold Corp. Discovers Four New Reduced-Intrusion Related Gold System Targets at its Rogue and Cynthia Projects, Yukon
May 02, 2024 at 06:00 am EDT
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Snowline Gold Corp. announced discovery of three new reduced intrusion related gold system (RIRGS) targets at its Rogue Project and an additional new RIRGS target at its adjacent Cynthia Project in the Yukon Territory, Canada. Analytical results from the Company's 2023 surface exploration program demonstrate widespread gold mineralization and RIRGS pathfinder elements associated with intrusions of the Rogue Plutonic Complex, a 60 x 30 km geological feature which also hosts the Company's Valley target. Results include outcrop chip sampling to 5.12 g/t Au over 3.3 m at the Livia target, and selective outcrop grab samples to 86.5 g/t Au at the Ramsey target. The new RIRGS targets are described in more detail below. Duke is a newly discovered RIRGS target characterized by a 1,500 x 1,000 m granodiorite stock partially covered by colluvium and moraine deposits, located roughly 11 km southeast of the Valley target. Duke showcases a similar geophysical response in historical ZTEM data to Valley, with a resistive anomaly marking the location of the intrusion. Initial reconnaissance work identified sheeted quartz-sulphide veins with densities consistently greater than 10 veins per meter over an open, 500 x 350 m area. The Company is exploring its >110,000 ha (>1,100 km2) Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross'sFort Knox Mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-moverland position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district. Project location map for Snowline Gold's eastern Selwyn Basin properties: Rogue, Einarson, Ursa,thia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold system (RIRGS") targets on the broader 30 x 60 km Rogue Project, complemented by orogenic, Carlin-type, RIRGS and other sediment hosted gold targets on surrounding projects. DUKE TARGET, ROGUE PROJECT: Duke is a newly discovered RIRGS target characterized by a 1,500 x 1,000 m granodiorite stock partially covered by colluvium and moraine deposits, located roughly 11 km southeast of the Valley target Duke exhibits a similar geophysical response in historical ZTEM data to Valley, with a resistive anomaly marking the location of the intrusion.
Initial reconnaissance work identified sheeted quartz-sulphide veins with densities consistently greater than 10 veins per meter over an open, 500 x 350 m area. The vein mineralogy is characterized by quartz-carbonate with pyrrhotite, bismuthinite, and arsenopyrite. The vein sets are mapped as vertical with NW-SE and E-W orientation and have the potential to extend beneath the moraine deposits. Initial, representative grab samples returned values up to 0.56 g/t Au in outcrop and 0.91 g/t Au in float. These results are seen as encouraging indicators of fertility, and the target itself extends the known gold endowment along a general NW-SE corridor to >25 km stretching from Aureli us in the northwest and including the Valley target. In addition to the new targets described above, the Company identified a zone of abundant gold-bearing intrusive float in glacial till on the Rogue Project roughly 12 km down-valley from (west-northwest of) the Valley gold discovery, associated with locally anomalous (17, 237 and 768 ppb Au) stream sediment geochemistry. It is unclear at present whether this float is derived from an undiscovered mineralized intrusion or whether it could have been transported as till from the Valley target itself at high enough concentrations to produce the observed gold anomalies in stream geochemistry. Additional targets, including the Rogue Project's JP target (formerly "Scronk") and others, were advanced by the Company during the 2023 field season and could potentially see drill testing in 2024.
Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Companyâs project portfolio includes Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa claims. The Einarson property consists of two main claim blocks and several outlying claim groups covering a combined 61,690 hectares. The Rogue Property comprises 442 mineral claims covering 11,227 hectares. The Cliff Property covers approximately 2,724 hectares. The Tosh Property covers approximately 3,700 hectares and is located 20 kilometers (km) from the paved, all-season Alaska Highway. The Rainbow Property covers approximately 1,225 ha. The Cynthia Property covers approximately 1,399 hectares. The Ursa claims covers approximately 7,755 hectares.