Snowline Gold Intersects 424.0 m of 1.4 Grams Per Tonne Gold from Surface Including 186.5 m of 1.9 Grams per Tonne Gold Adding new Mineralized Extension to Valley Target, Rogue Project, Yukon

• Hole V-23-054 returned 424.0 m averaging 1.43 g/t Au from surface, including 1.85 g/t Au over 186.5 m, expanding the known width of mineralization across the southern extent of the Valley target and opening another area of deep mineralization
• Hole V-23-053 returned 387.0 m averaging 1.04 g/t Au including 1.61 g/t Au over 153.0 m showing strong grade continuity on western edge of system
• Analytical results pending for more than half of 2023 drilling (>11,400 m remain, from 31 holes across 5 targets) in addition to those of extensive surface exploration campaign.

VANCOUVER, BC / ACCESSWIRE / October 19, 2023 / SNOWLINE GOLD CORP SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce analytical results received from two additional exploration holes drilled on its Rogue Project's Valley target in Canada's Yukon Territory. Both holes-drilled to the northeast as opposed to the usual southwest orientation of holes at Valley-demonstrated consistent and considerable widths of strong mineralization in different parts of the system. Hole V-23-054 returned 424.0 m of 1.43 g/t Au, downhole from bedrock surface, expanding the known width of mineralization across the southern extent of the well mineralized zone at Valley. In a separate interval in the same hole, the final 30.0 m downhole length averaged 0.70 g/t Au, representing a newly recognized area of deep mineralization at Valley that remains open. Both holes ended in mineralization. Assays for more than 11,400 m of diamond drilling from Snowline's 2023 exploration efforts remain pending.

Foto: Accesswire

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

"The current set of drill results includes yet another hole, in yet another part of the Valley intrusion, that expands the extent of known mineralization with an unusually high-grade intersection for a reduced intrusion-related gold system carried over hundreds of metres from surface," said Scott Berdahl, CEO & Director of Snowline. "We weren't expecting the length and intensity of gold mineralization encountered in V-23-054, nor to see it extend to depth in the southeastern part of the system, revealing a potential new zone of mineralization. Once again we are impressed by the scale and continuity of our Rogue Project's Valley target, which remains open in multiple areas. We are keen to see how our understanding of the system evolves with the large quantity of drill assays that are forthcoming for the target."