Snowline Gold Commences 18,000+ Metre Drill Program on its Yukon Exploration Projects with Numerous Visible Gold Observations in Drill Hole - Seite 2

Other Snowline Properties

Outside of Rogue, the Company is planning Phase I drill programs on three or more additional projects using a fourth drill, following up on historical prospecting results and regional work done by the Company over the past two field seasons. Following initial surface-based field programs commencing in June, drilling is expected to commence in mid July. Potential targets for this drilling include:

• Tosh Project, Southwestern Yukon: Untested orogenic gold targets associated with 1 and 2 km gold-in-soil anomalies, widespread alteration, and prospecting grab samples from below detection up to 6.8 g/t Au and up to 1.1 kg/t Ag.
• Cliff Project, Southwestern Yukon: Untested orogenic gold target associated with a 1,600 m by 300 m gold-in-soil-and-talus-fine anomaly with values averaging 0.179 ppm (g/t) Au; up to 3.1 g/t Au in talus fines.
• Rainbow Project, Central Yukon: Untested reduced intrusion-related gold system (RIRGS) target associated with a 1 km scale gold-bismuth-tellurium gold-in-soil-and-talus-fine anomaly along the edge of a 2-3 km magnetic anomaly.
• Olympus Project (formerly Golden Oly): Untested and partially tested RIRGS and porphyry targets associated with significant geochemical anomalies, acquired by Snowline in September 2022.

Foto: Accesswire

The proportion and total amount of drilling planned for each target, along with certain other planned surface activities, are rough working guides and are adaptable based on drill results and other observations or factors throughout the season.

ABOUT ROGUE

The Valley Zone 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-series 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.