Snowline Gold Further Extends Primary Mineralization at Its Valley Discovery With Drill Results of 539.4 m of 1.2 Grams per Tonne Gold From Surface Including 151.5 m of 2.4 Grams per Tonne Gold - Seite 2

Foto: Accesswire

_{Figure 1 - Plan view of the Rogue Project's Valley target showing analytical results from previous and current drilling, along with approximate traces of current holes. Current results expand the already wide distribution of unusually high grades for a reduced intrusion-related gold system at Valley, with mineralized intervals beginning at or near surface. The system remains open to the northeast and at depth.}

HOLE V-23-049

Hole V-23-049 is collared within the Valley intrusion as a 71 m step back along section and perpendicular to the dominant trend of mineralization from V-22-007 (410.0 m @ 1.89 g/t Au from surface including 146.0 m @ 3.24 g/t Au, see Snowline news release dated November 15, 2022). The hole is collared in coarse-grained granodiorite and crosses several small (meter-scale) porphyritic dikes before encountering a larger porphyritic body from roughly 365-420 m downhole depth. The hole ends in coarse-grained granodiorite with low quartz vein densities and generally low grades.

The mineralized interval in V-23-049 spans the entire hole, averaging 1.20 g/t Au over 539.4 m downhole from bedrock surface at 6.3 m, including a 151.5 m downhole run from 142.0 m depth averaging 2.41 g/t Au, with a 10.5 m hotspot of 4.67 g/t Au from 201.5 m downhole. As with previous holes at Valley, mineralization is remarkably consistent. Capping assays at 10 g/t Au results in an average grade of 1.16 g/t Au, only a 3.1% reduction in overall grade (Table 2).

The hole shows a robust continuity of grade extending northeast of and below V-22-007. The drill trace cuts roughly halfway between those of V-22-007 and V-22-015 (442.0 m @ 0.65 g/t Au including 170.0 m @ 1.18 g/t Au, see Snowline news release dated December 22, 2022), and yet gold grades are higher than would be expected from a linear gradient between the two holes, demonstrating a larger volume of well-mineralized rock.

Foto: Accesswire

_{Figure 2 - Cross-section A, showing V-23-049 and V-23-052 in the context of surrounding holes and a simplified geological model. Top: Analytical results received to date and still pending (thin black lines with blue collars). Bottom: Vein densities alongside instances of trace visible gold observed during logging. V-23-049 demonstrates that strong mineralization seen in V-22-007 continues to depth well below that hole and to the east towards V-22-015.}