Snowline Gold Intersects 418.3 m of 1.9 grams per tonne gold from Surface Including 216.0 m of 3.1 grams per tonne gold in First Hole of Season at Its Valley Discovery, Rogue Project, Yukon

• Hole V-23-034 returned 3.08 g/t Au over 216.0 m within broader mineralized interval averaging 1.88 g/t Au over 418.3 m from surface along entire hole
• Highest sustained gold grades at Rogue Project's Valley target to date-including 6.38 g/t Au over 15.4 m and 5.23 g/t Au over 24.0 m-redefine and expand the near-surface, multiple-gram-per-tonne gold corridor central to the target
• Total drilling at Valley in 2023 (>5,800 m) already exceeds metres drilled by August 7, 2022, with drilling ongoing and assay results for all remaining holes pending.

VANCOUVER, BC / ACCESSWIRE / July 5, 2023 / SNOWLINE GOLD CORP. (TSXV:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce preliminary assay results from the first hole of its 2023 drilling program at the Valley target on its Rogue Project in Canada's Yukon Territory. Hole V-23-034, drilled to test the northeast margin of Valley's near surface, well-mineralized corridor, hit the strongest gold grades sustained over >10 m downhole intervals at Valley to date, expanding the known spatial extent of multiple-gram-per-tonne gold mineralization within the target intrusion. Three drills are currently active at Valley, with >5,800 m of drilling and 13 holes completed on the target to date. Analytical results for all holes beyond V-23-034 are pending, with drilling ongoing.

Foto: Accesswire

Table 1 - Preliminary highlight summary of Snowline's latest assay results. *Interval widths reported; true widths of the system are not yet known.

"Our first drill hole of 2023 was drilled to test what we thought was the edge of a relatively high-grade gold corridor within the Rogue Project's Valley intrusion," said Scott Berdahl, CEO & Director of Snowline. "It ended up as Snowline's second-best drill hole to date. The entire 418 metre hole is mineralized. The consistency of gold grades over large distances is remarkable. Internal intervals ranging from 15 to 25 metres in length bear higher gold grades than we have previously seen at Valley. These results highlight the discovery potential still present within and around the broad spatial footprint that we tested with sparse drilling last season. We eagerly await the many forthcoming analytical results from our ongoing drill campaign at Valley, in addition to stepping out to drill test additional intrusion-related gold targets on the broader Rogue Project over the coming weeks."