Snowline Gold Intersects 372.9 M Of 1.5 Grams Per Tonne Gold Including 212.4 M Of 2.1 Grams Per Tonne Gold from Surface Highlighting Strong Grade Continuity at Its Valley Target, Rogue Project, Yukon

• Hole V-23-056 returned 372.9 m averaging 1.45 g/t Au, including 2.07 g/t Au over 212.4 m from surface, demonstrating strong continuity of near-surface >2 g/t Au grades across a large area on the Rogue Project's Valley target
• Hole V-23-055 returned 359.4 m averaging 1.34 g/t Au from surface including 1.71 g/t Au over 132.5 m, extending near-surface >1 g/t Au mineralization by over 100 m towards the open northeast edge of the mineralized system at Valley
• Analytical results pending for 8,300 m from 21 holes (including one metallurgical hole at Valley) across 4 targets in addition to results of extensive surface exploration campaign.

VANCOUVER, BC / ACCESSWIRE / November 9, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce further analytical results from exploration holes drilled on its Rogue Project in Canada's Yukon Territory. Holes drilled within the Valley intrusion show consistent gold mineralization across broad intervals from surface. Hole V-23-055 averages 1.34 g/t over 359.4 m downhole from surface and expands the known limits of near-surface >1 g/t mineralization by >100 m from previous hole V-23-047. Hole V-23-056 averages 2.07 g/t Au over 212.4 m downhole from surface, within a broader mineralized interval of 1.45 g/t Au over 372.9 m, demonstrating strong grade continuity between previous widely spaced holes with significant >2 g/t Au intervals that also begin at surface. Assays for more than 8,300 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 latest results from our Rogue Project's Valley target further de-risk the discovery, adding to the known footprint of near-surface gold mineralization and demonstrating strong consistency of higher (>2 g/t Au) gold grades," said Scott Berdahl, CEO & Director of Snowline. "Intervals of hundreds of metres averaging >1 g/t Au or even multiple grams per tonne gold have not only become the norm at Valley but are without exception among 32 holes drilled to date within a core area spanning up to 600 m by up to 400 m in the western part of the intrusion. This consistency results in higher efficiency and reduced risk in exploration, as well as in subsequent deposit modelling, in project development, and ultimately in responsibly and cost-effectively producing gold. We eagerly await assay results for 12 additional holes drilled in and around this zone at Valley, along with additional holes and surface work from other parts of our >330,000 ha land position."