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 - 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 drill traces of outstanding holes. Current results build upon the consistency of unusually high grades for a reduced intrusion-related gold system at Valley, with mineralized intervals beginning at or near surface across a large area. The system remains open to the northeast and at depth in multiple locations.

HOLE V-23-056

Hole V-23-056 is collared in coarse-grained granodiorite within the Valley intrusion roughly 59 m east of V-22-014 (285.2 m @ 1.45 g/t Au including 128.2 m @ 2.48 g/t Au from surface, see Snowline news release dated November 15, 2022) and 44 m west of V-23-036 (414.5 m @ 1.53 g/t Au from surface including 143.5 m @ 2.92 g/t Au, see Snowline news release dated July 18, 2023).

The hole commences in strong sheeted gold-bearing quartz vein mineralization from bedrock surface at 2.6 m downhole, averaging 2.07 g/t Au across the next 212.4 m. This marks the top of a broader 372.9 m downhole interval averaging 1.45 g/t Au overall. The highest sustained grades in the hole begin at 52.5 m downhole, averaging 3.50 g/t Au over the following 42.5 m. The hole exits the intrusion into weakly mineralized hornfels at 376.7 m downhole, marking the end of the consistently mineralized interval.

Foto: Accesswire

Figure 2 - Cross-section B, showing V-23-056 in the context of adjacent holes and a simplified, schematic 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-23-056 carries strong gold grades from surface to greater depths than expected based on adjacent hole V-22-014. Note that V-22-014 and V-23-036 are respectively behind and in front of the section, and thus they appear closer to V-23-056 in the section view than they are (see Figure 1). The high vein densities and visible gold count in V-23-067 suggest the near-surface system is still open to the east.

The consistency of mineralization in V-23-056 is highlighted by its capped values (Table 2), which-setting any >10 g/t Au assays equal to 10 g/t Au-remain unchanged. The highest assay value ran 9.35 g/t Au over 1.5 m from 87.0 m downhole. Consistency is further highlighted by the distribution of grades. Within the top 212.4 m interval, 77% of assays (measured by core length) returned >1 g/t Au and no assays returned <0.2 g/t Au. Within the higher-grade zone averaging 3.50 g/t Au over 42.5 m, all assays returned >1.3 g/t Au.