Snowline Gold Locates New Reduced-Intrusion Related Gold Target With Outcrop Samples to 2.0 Grams per Tonne Gold Over 17.0 M Within Open 2 km Soil Anomaly at Its Rogue Project, Yukon

• Newly discovered 2,000 m by 500 m zone of anomalous gold values in soil and talus fines samples on Rogue Project's "Aurelius" target, 12 km northwest of Valley target
• Two outcrop chip samples average 2.01 g/t Au over 17.0 m and 2.31 g/t Au over 14 m respectively (true widths unknown)
• Mineralization hosted in altered sedimentary and volcanic rocks near outcropping granodiorite.

VANCOUVER, BC / ACCESSWIRE / February 20, 2024 / SNOWLINE GOLD CORP (TSXV:SGD)(OTCQB:SNWGF) (the " Company " or " Snowline ") is pleased to announce discovery of a new reduced-intrusion related gold system (RIRGS) target 12 km from its Valley discovery on its Rogue Project in the Yukon Territory, Canada. Analytical results received from the 2023 surface exploration program at the Company's new Aurelius target reveal an open, 2,000 m long by up to 500 m wide zone of anomalous gold values in talus fines and soils, with concentrations of up to 14.9 g/t Au complemented by anomalous values for RIRGS pathfinder elements bismuth and tellurium. Rock chip samples from outcrops roughly 235 m apart averaging 2.01 g/t Au over 17.0 m (open) and 2.31 g/t Au over 14.0 m (true widths not known) demonstrate the potential for significant scale and a local source to the anomaly. Based on these results, Aurelius is a high priority exploration target at Rogue and a potential drill target in Snowline's upcoming 2024 exploration program.

Foto: Accesswire

Figure 1 - Plan view of the Aurelius anomaly , showing the open extent of anomalous gold values in surface geochemistry and the location of the continuous rock chip samples. The presence of outcropping granodiorite in the vicinity of the anomaly, along with widespread magnetic highs suggest that an intact, causative intrusion may be located near surface. Background colours show geology, with green and orange units showing volcanic rocks (andesites and tuffs), while shades of yellow show sedimentary rocks (sandstones and siltstones). White areas are covered and/or have not been mapped.

"We are excited to see such strong and consistent gold numbers from the field team's discovery at Aurelius," said Scott Berdahl, CEO & Director of Snowline. "The scale, consistency and geochemistry of the surface anomaly-which remains open-demonstrates a strong gold-bearing hydrothermal system driven by a nearby intrusion. The outcrop samples show that the country rock hosts gold mineralization, a typical feature of reduced-intrusion related gold systems. Thus, we have two immediate exploration targets: country rock-hosted mineralization directly outcropping at Aurelius and driving the gold anomalism over a large area, and the potential for an intact, near-surface Valley-like intrusion-hosted target. Valley itself is visible from the new target along a prominent structural corridor that connects the two locations-we consider Aurelius a prospective location for a sibling discovery."