Snowline Gold Intersects 414.5 M Of 1.5 Grams Per Tonne Gold from Surface Including 143.5 M Of 2.9 Grams Per Tonne Gold Extending Near-Surface Well-Mineralized Zone at Valley, Rogue Project, Yukon

• Hole V-23-036 returned 2.92 g/t Au over 143.5 m within broader mineralized interval averaging 1.53 g/t Au over 414.5 m from surface, extending near-surface, multiple-gram-per-tonne corridor on the Rogue Project's Valley discovery by 75 m to the southeast
• Hole V-23-035 returned 1.01 g/t Au over 396.5 m from surface, demonstrating robust near-surface mineralization to western margin of Valley intrusion
• Phase II drilling underway at the Rogue Project's Gracie target, a potential intact Valley-style gold system located in between the gold-bearing Valley and Reid targets
• Multiple generations of sheeted quartz veins along with bismuthinite identified within an exposed intrusion on recently consolidated Cujo target within the Rogue Plutonic Complex.

VANCOUVER, BC / ACCESSWIRE / July 18, 2023 / SNOWLINE GOLD CORP. (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce analytical results from the second and third holes of its 2023 drilling program at the Valley target on its Rogue Project in Canada's Yukon Territory. Hole V-23-036, drilled to test the southeast edge of Valley's near-surface corridor of multiple-gram-per-tonne gold mineralization, succeeded in expanding its known extent roughly 75 m farther to the southeast. The hole averaged 2.92 g/t Au over 143.5 m from 23.5 m downhole, within a broader interval of 1.53 g/t Au over 414.5 m from bedrock surface. In addition, hole V-23-035 expanded known mineralization to the western edge of the Valley intrusion, returning 1.01 g/t Au over 396.5 m from bedrock surface. Analytical results for all 17 holes (6,650 m) beyond V-23-036 at Valley are pending, with drilling at Valley ongoing.

Foto: Accesswire

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

"Today's results highlight the significant exploration upside present within the broader footprint of last season's widely spaced, first-pass drilling of the Rogue Project's Valley target," said Scott Berdahl, CEO & Director of Snowline. "This is particularly true when it comes to Valley's extensive zone of near-surface, multiple-gram-per-tonne gold mineralization. The gold grades and continuity in V-23-036 add a large tonnage of potentially high-value rock to this zone, which remains open further to the southeast. In addition, the breadth of the mineralized interval in V-23-035, drilled from the western margin of the intrusion, highlights the breadth of strong mineralization present outside of the highest-grade core at Valley, both laterally and to depth. This has strong favorable implications for a favourable strip ratio, low internal dilution, and of course overall gold content in any potential future operation at Valley. With our exploration season still ramping up, we are encouraged by these early results, and we look forward to additional results from Valley as well as from additional targets."