Snowline Gold Intersects 519.6 m of 2.5 Grams Per Tonne Gold Including 265.6 m of 3.6 Grams Per Tonne Gold from Surface in Strongest Near-Surface Interval to Date 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. Note that to display new results, current holes are plotted above previous holes regardless of relative depths. The system remains open in multiple directions, including to depth. Endpoints for sections A (Figure 2) and B (Figure 4) are indicated on the map.

HOLE V-23-061

Hole V-23-061 is collared in coarse-grained granodiorite within the Valley intrusion roughly 60 m northeast of V-22-039 (553.8 m @ 2.48 g/t Au including 183.3 m @ 4.34 g/t Au from surface, see Snowline news release dated August 3, 2023) and 51 m southwest of V-23-037 (383.8 m @ 2.47 g/t Au from surface including 120.0 m @ 4.06 g/t Au, same news release). It continues in coarse-grained granodiorite for the length of the hole, intersecting two small (1 m scale) dikes of fine-grained granodiorite (Figure 2).

The hole commences in strong, sheeted gold-bearing quartz vein mineralization (Figure 3) from bedrock surface at 5.5 m downhole and continues in strong mineralization until approximately 270 m downhole, where the hole intersects a central, valley-parallel fault. Quartz vein densities drop off below the fault, but lower grade mineralization continues for the remainder of the hole. Vein orientations in the lower part of the hole generally run at low angles to the drill core, whereas in the upper part of the hole they are consistent with the dominant, steeply dipping northwest striking vein array seen across the Valley intrusion.

Foto: Accesswire

Figure 2 - Cross-section A, showing V-23-061 in the context of adjacent holes and a simplified, schematic geological model. V-23-061 was collared between two of the strongest holes drilled at Valley to date - V-23-037 and V-23-039. It intersected a broad zone of consistent, near-surface, multiple-gram per tonne mineralization stronger than any previous intersection in the upper part of the Valley gold system to date. View looks northwest. See Figure 1 for section location.

Overall, the top 519.6 m downhole from bedrock surface average 2.46 g/t Au, with an internal interval of 265.6 m averaging 3.60 g/t Au also beginning from surface. This sub interval is the strongest near-surface (upper 250 vertical metres from bedrock surface) mineralized intersection from the Valley target to date. Within this, a zone of sustained higher grades beginning at 149.0 m downhole averages 6.47 g/t Au over 47.5 m.