Snowline Gold Intersects 553.8 m of 2.5 Grams Per Tonne Gold from Surface Including 5.0 Grams Per Tonne Gold Over 132.0 m Along With Robust Mineralization at Depth at Valley, Rogue Project, Yukon

• Hole V-23-039 returned 2.48 g/t Au over 553.8 m from surface including 4.98 g/t Au over 132.0 m from 6.0 m downhole demonstrating strong mineralization at surface and at depth near the western boundary of the Valley intrusion
• Hole V-23-037 returned 2.47 g/t Au over 383.8 m from surface including 4.06 g/t Au over 120.0 m from a collar location roughly 115 m across strike from V-23-039
• Results confirm and improve upon strong grade and continuity of well mineralized, near-surface corridor on the Rogue Project's Valley target, while identifying a new zone of >2 g/t Au mineralization at depth along the western margin of the intrusion.

VANCOUVER, BC / ACCESSWIRE / August 3, 2023 / SNOWLINE GOLD CORP. (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce additional analytical results from its ongoing drill program at the Valley target on its Rogue Project in Canada's Yukon Territory. Holes V-23-039 and V-23-037 returned the two strongest gold intersections from the project to date, demonstrating the presence of a high-grade, near-surface core to the gold system at Valley. Hole V-23-039 averages 2.47 g/t Au over 553.8 m from bedrock surface, including two distinct zones with multiple-gram-per-tonne gold mineralization, with a strong run of continuous mineralization at depth averaging 2.02 g/t Au over 233.0 m from 287.0 m downhole. Analytical results for an additional 19 holes (7,116 m) at Valley are pending, with drilling at Valley and other Rogue Project targets 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.

"Drill hole V-23-039 is the best drill hole reported at the Rogue Project's Valley target to date, and it ranks among the best drill holes ever drilled for gold in the Yukon. Along with V-23-037-which would have otherwise been the target's best hole-it confirms and builds upon the strong continuity and grade of the Valley gold discovery across significant distances beginning at surface. The grades are exceptional for a reduced intrusion-related gold system, where resource grades for most known deposits are well below 1 g/t Au. With high gold recoveries from non-refractory metallurgy, a conducive geometry for a low strip ratio, and its location in a favourable mining jurisdiction, the Valley target is emerging as one of the top recent gold discoveries on a global scale. Drilling is ongoing at Valley and on other potentially similar gold targets elsewhere on our 100%-owned, 94,000 ha Rogue Project."