Snowline Gold Encounters Visible Gold in Jupiter Drill Core, Completes 439 Kilometre Electromagnetic Survey At URSA - Seite 2

Lengthwise core cutting of J-21-020 for geochemical sampling revealed instances of visible gold (Figure 1) that weren't apparent during geological logging of the intact core. The visible gold was found in a roughly 1 m wide quartz vein previously flagged for its potential by the company (Figure 2), at the base of a 9 m wide zone of alteration and variable amounts of arsenopyrite mineralization. True widths of these zones are not known but are expected to be roughly 90% of intersected widths based on the high angles to drill core. While the observed gold confirms that the quartz veins carry gold in this area, the actual concentrations and distribution of gold in the core remains unknown until assays are returned. Hole J-21-020 was drilled roughly 1.1 km north of hole J-21-011 which returned multiple high-grade intervals of up to 13.2 g/t Au over 6.5 m (see Snowline's August 25, 2021 news release) and some 460 m from any previous hole at Jupiter, highlighting the potential scale of the system (Figure 3).

Foto: Accesswire

Figure 2 - Quartz-arsenopyrite mineralization in J-21-020, before (A) and after (B) cutting. The upper part of this figure was shown as part of Figure 1 in Snowline's September 3, 2021 news release. Orange flagging tape in B denotes the locations of visible gold on cut faces below. The "missing" half of the core in B has been shipped for geochemical analysis, while the half shown here will be kept by the company as a record for analytical purposes. Both images show core returned from 106.0 m to 110.3 m downhole. Assays for this zone are pending.

Jupiter is thought to represent an epizonal orogenic gold system. It is one of ten target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold's 70%-owned, district-scale Einarson project. Adjacent projects Rogue and Ursa are prospective for intrusion-related gold, and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere. Readers are cautioned that without assay results, the true significance of the intersections reported herein is uncertain.