SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the 'Company' or 'Snowline') is pleased to announce analytical results from additional exploration holes drilled during its 2023 exploration campaign in Canada's Yukon Territory.
At the Rogue Project's Valley target, hole V-23-070 returned 2.12 g/t Au over 382.4 m downhole, including 3.51 g/t Au over 113.4 m from surface. The hole was drilled to the southeast, making it the first meaningful test of continuity in a direction other than the southwest and northeast azimuths of previous holes. Holes V-23-068 and V-23-069 were drilled in the northeastern part of the target, extending the boundary of strong gold mineralization which remains open in this direction and will be targeted as part of the upcoming 2024 drill campaign at Valley.
'The results from hole V-23-070 add a new dimension to our understanding of gold mineralization at our 100%-owned Rogue Project's Valley target,' said Scott Berdahl, CEO & Director of Snowline. 'It is the first hole drilled along the strike of the system to test continuity in that direction, and the results hold up very well. This continuity of mineralization further de-risks Valley by showing connectivity of mineralization between previously drilled sections orientated perpendicular to V-23-070, and by demonstrating that strong gold grades at Valley are largely independent of drilling orientation. Additional holes V-23-068 and V-23-069 continue to build on the known scale of the gold system at Valley, highlighting an open edge of mineralization that we are eager to explore as part of an aggressive drill campaign to advance both Valley and the broader Rogue Plutonic Complex in 2024.'
In addition, the Company will commence an advanced round of metallurgical testing in Q1 2024 to assess optimal processing methods and to quantify processing parameters that will assist in future economic assessments of the Valley target. This testing will primarily use material from a PQ-sized hole drilled as a near twin to V-23-066.
HOLE V-23-070
V-23-070 averages 2.12 g/t Au across 382.4 m downhole from bedrock surface (at 3.7 m downhole) to the end of hole at 386.0 m. The entire hole is mineralized, with the highest sustained grades closest to surface. The top 113.4 m of the hole average 3.51 g/t Au, with the top 24.9 m averaging 5.95 g/t Au.
V-23-070 is collared on the same drill site as V-23-064 (308.8 m averaging 2.15 g/t Au, see Snowline news release dated January 3, 2024), which was drilled to the southwest. It is 64 m to the north of V-22-014 (1.45 g/t Au over 285.2 m, see Snowline news release dated November 15, 2022) and 107 m to the southwest of V-22-007 (410.0 m @ 1.89 g/t Au from surface including 3.24 g/t Au over 146.0 m Au starting at 56.0 m depth, see Snowline news release dated November 15, 2022). The hole begins in coarse-grained granodiorite and remains in coarse-grained granodiorite for its entire length, with minor xenoliths and intrusive breccias locally. Quartz vein density is low (averaging 5 veins/metre) and decreases downhole, though this is in part an artifact of the low angle of quartz veins to drill core. Strong mineralization continues to the end of the hole at 386.0 m.
The hole is centrally collared within the core of the near-surface, high-grade mineralization of the Valley target and is the first hole drilled parallel (towards the southeast) to the dominant NW-SE strike of the mineralized trend at Valley. The hole was drilled in this orientation to provide information about the continuity of the system in an orientation that had not previously been tested. This hole strengthens the core of the known boundary of multiple-gram-per-tonne gold mineralization. Continuity of strong mineralization extending to the southeast further demonstrates the open nature of >1 g/t mineralization at Valley.
HOLES V-23-068 & V-23-069
Both V-23-068 and V-23-069 form part of a fence of holes across the northwestern part of the well-mineralized, near surface corridor within the Valley intrusion.
V-23-068 is collared on the same drill site as V-23-063 (342.0 m averaging 1.59 g/t Au, see Snowline news release dated January 3, 2024), though was drilled to the northeast to test the continuity of the system in this orientation. The hole averaged 384.6 m of 1.24 g/t Au, including 1.57 g/t Au over 236.1 m, with both intervals beginning at bedrock surface of 4.4 m. A single 1.0 m interval (116.0-117.0 m) returned 13.3 g/t Au. V-23-069 is the north easternmost hole drilled at Valley to date collared 89 m northeast of V22-029 (558.3 m averaging 1.3 g/t Au, see Snowline news release dated February 24, 2023) and returned 437.0 m of 1.01 g/t Au, beginning at 47.0 m depth, and includes 252.5 m averaging 1.50 g/t Au starting at 142.5 m, which is influence by three >10 g/t Au 1.0 m wide samples between 14.9 g/t Au and 48.10 g/t Au - see Table 2 for the complete summary of results from this release at Valley). Both these holes demonstrate the strong continuity within the well-mineralized gold zone to the northeast.
ABOUT ROGUE
The Valley target on Snowline's flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-suite intrusion. Valley is an early-stage exploration project without a resource estimate, and while initial results are encouraging, the presence or absence of an economically viable orebody cannot be determined until additional work is completed.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. The Rogue Project is considered by the Company to have district-scale potential for additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha 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's Fort Knox Mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Contact:
Scott Berdahl
Tel: +1 778 650 5485
Email: info@snowlinegold.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company's future plans and intentions. Wherever possible, words such as 'may', 'will', 'should', 'could', 'expect', 'plan', 'intend', 'anticipate', 'believe', 'estimate', 'predict' or 'potential' or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SNOWLINE GOLD CORP. 
