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
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
Hole V-23-061 returned 519.6 m averaging 2.46 g/t Au, including 3.60 g/t Au over 265.6 m from surface, the strongest near-surface mineralization (upper 250 vertical metres) encountered to date on the Rogue Project's Valley target
Hole V-23-059 and V-23-060 demonstrate strong continuity and breadth in the southeastern part of the Valley system, returning 429.6 m averaging 1.01 g/t Au from surface (including 1.91 g/t Au over 133.0 m) and 109.5 m averaging 1.02 g/t Au respectively.
Analytical results pending for 5,475 m from 16 holes (including one metallurgical hole at Valley) across 3 targets in addition to results of extensive surface exploration campaign.
VANCOUVER, BC / ACCESSWIRE / December 6, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce analytical results from additional exploration holes drilled on its Rogue Project in Canada's Yukon Territory. Hole V-23-061 returned 2.46 g/t Au over 519.6 m from surface, including 3.60 g/t Au over 265.6 m downhole, demonstrating a strong consistency of near-surface, multiple-gram-per-tonne-gold mineralization. Holes V-23-059 and V-23-060 were drilled within the southeast extension of the system and add dimensionality and consistency to known mineralization in that direction. Assays for more than 5,475 m of diamond drilling from Snowline's 2023 exploration efforts remain pending.
Table 1 -Highlight summary of Snowline's latest assay results. *Interval widths reported; true widths of the system are not yet known.
"The Valley discovery on our 100%-owned, district-scale Rogue Project continues to demonstrate strong, continuous gold mineralization across a large area from surface," said Scott Berdahl, CEO & Director of Snowline. "Hole V-23-061 returned the strongest gold interval we've seen near surface in any hole to date, highlighting the favorable characteristics of the Valley system for efficient mining-namely strong, consistent mineralization with the highest grades beginning at or near surface in a topographically advantageous position. With December upon us, we have much to look forward to in terms of additional drill results, surface exploration results, advanced metallurgical testing and of course an aggressive exploration season ahead in 2024 on Valley and other targets across our >330,000 ha land position."
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.
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.
As seen in Figure 2, the consistency of strong, near-surface mineralization in V-23-061 is emphasized by the even distribution of grades. Within the top 265.6 m interval downhole from bedrock surface, 90% of assays (measured by core length) returned >1 g/t Au and no assays returned <0.4 g/t Au. As with many other holes at Valley, capping mineralization at 10 g/t Au has only a minor effect on grades-in the near surface interval, the capped average is 3.4% lower, at 3.48 g/t Au instead of 3.60 g/t Au over the 265.6 m downhole interval. Within this, the 143.0 m downhole stretch from 68.5 m to 211.5 m represents the longest interval to date at Valley without a single assay value <1.0 g/t Au. Nearly half (46.1%) of the assays within this interval are above 4.0 g/t Au, and 82.8% returned greater than 2.0 g/t Au. (The average grade over this 143.0 m interval is 4.54 g/t Au.)
Towards the bottom of the broader 519.6 m interval, beginning at 514.0 m downhole, a quartz vein roughly 2 cm wide running subparallel to the core for approximately 1 metre was intersected, with abundant millimetre to sub-millimetre scale instances of visible gold. This interval yielded 154.7 g/t Au across 1.0 m downhole (with a localized true width closer to the 5.1 cm diameter of the drill core).
The hole ends with a second interval of mineralization beginning at 534.0 m downhole and averaging 0.35 g/t Au over 64.0 m. Gold values within this interval have higher variance, owing to the lower vein density and the subparallel orientation of the veins to the drilling direction.
Table 2 - Summary of significant mineralization returned from current holes at Valley. The consistency of strong mineralization on the target is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. *Interval widths reported; true widths of the system are not yet known, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley. The 154.70 g/t Au value in V-23-061 is a relatively isolated instance of a narrow (~2 cm), gold-rich vein running near parallel to core over along one meter of core length.Figure 3 - High quartz vein density observed in V-23-061, from 129.3 m to 160.0 m downhole, as seen in a September 11, 2023 news release. This 30.7 m downhole interval averages 5.87 g/t Au and includes the top of a 47.5 m interval averaging 6.47 g/t Au from 149.0 m downhole. Orange flagging marks instances of trace visible gold. Multiple generations of quartz veins can be seen cutting the core at different orientations. NQ2 sized drill core shown is 5.1 cm in diameter.
HOLE V-23-059
Hole V-23-059 is collared in coarse-grained granodiorite of the Valley stock, on section between V-23-044 (295.9 m @ 1.32 g/t Au from surface including 157.0 m @ 2.03 g/t Au, see Snowline news release dated September 11, 2023) roughly 132 m to its southwest and V-22-027 (481.5 m @ 0.69 g/t Au including 250.0 m @ 1.01 g/t Au, see Snowline news release dated January 18, 2023) roughly 108 m to its northwest (Figures 1 and 4).
The hole encountered sheeted gold-bearing quartz vein mineralization from bedrock surface at 6.9 m downhole. The full interval of continuous mineralization within the hole averages 1.01 g/t Au over 429.6 m from bedrock surface, with a higher-grade zone averaging 1.97 g/t Au over 105.5 m from 112.0 m downhole. A second interval of lower grade mineralization (0.28 g/t Au over 44.0 m from 450.0 m downhole) is present near the edge of the intrusion. The hole exits the intrusion at 507.0 m downhole into primarily non-mineralized hornfels.
Gold grades in V-23-059 are not affected by grade capping at 10 g/t Au, demonstrating the consistent nature of mineralization across the broad mineralized interval.
Both V-23-059 and V-23-060 add breadth to the known extent of near-surface >1 g/t Au (to nearly 2.0 g/t Au in the case of V-23-059) mineralization in the southeast extension of the Valley gold system.
Figure 4 - Cross-section B, showing V-23-059 in the context of adjacent holes and a simplified, schematic geological model. The hole demonstrates breadth of consistent mineralization perpendicular to the northwest strike of the system in southeastern part of Valley, including a 106.5 m run of mineralization at 1.97 g/t Au, potentially extending the zone of 2.03 g/t mineralization seen in previous hoe V-23-044. View looks northwest. See Figure 1 for section location.
REGIONAL DRILLING
Gracie Target, Rogue Project
At Gracie, assays for G-23-008 and G-23-009 have been received (Table 3). These holes were drilled in the western and southern parts of the zone of hornfels at Gracie, away from the primary planned hole locations which were postponed due to technical conditions at the pad sites. Both holes intersected long runs of hornfels sandstones, siltstones and cherts, with rare quartz veins and varying degrees of silicification along with biotite and chlorite alteration. Gold values were generally low, with elevated to anomalous gold values of up to 1.57 g/t over 0.8 m.
The results will be used alongside previous drilling, geophysics, surface geochemistry and mapping to determine an optimal follow-up drilling strategy for the Gracie target.
Table 3 - Summary of mineralization returned from current holes at Gracie. Various lesser intervals are present but not listed. *Interval widths reported; true widths have not been determined.
QA/QC
On receipt from the drill site NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline's 2023 field camp. Sample lengths as small as 0.5 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was used. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by orientation line where present or by dominant vein orientation where absent) collected for analysis and one half stored as a record. Field duplicates were collected at regular intervals as 1⁄4 core samples by splitting the 1⁄2 core sent for sampling, leaving a consistent record of half core material from duplicate and non-duplicate samples alike. Standard reference materials and blanks were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor to Bureau Veritas' preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in Vancouver.
Similar procedures were employed on the Tosh Project, though drill core was transported to Whitehorse in advance of detailed logging and sampling.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25 g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (BV code: FA530).
For the purposes of this release, mineralized intervals are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au, including any subsections thereof.
ABOUT ROGUE
The Valley target on Snowline's flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-suite intrusion. Valley is an early-stage exploration project without a resource estimate, and while initial results are encouraging, the presence or absence of an economically viable orebody cannot be determined until additional work is completed.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. The Rogue Project is thus considered by the Company to have district-scale potential for additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross's Fort Knox Mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Figure 5 - Project location map for Snowline Gold's eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., VP Exploration of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl CEO & Director
For further information, please contact: Snowline Gold Corp. +1 778 650 5485 info@snowlinegold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, cost-effective production of gold, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE: Snowline Gold Corp.
View source version on accesswire.com:
Hole V-23-061 returned 519.6 m averaging 2.46 g/t Au, including 3.60 g/t Au over 265.6 m from surface, the strongest near-surface mineralization (upper 250 vertical metres) encountered to date on the Rogue Project's Valley target
Hole V-23-059 and V-23-060 demonstrate strong continuity and breadth in the southeastern part of the Valley system, returning 429.6 m averaging 1.01 g/t Au from surface (including 1.91 g/t Au over 133.0 m) and 109.5 m averaging 1.02 g/t Au respectively.
Analytical results pending for 5,475 m from 16 holes (including one metallurgical hole at Valley) across 3 targets in addition to results of extensive surface exploration campaign.
VANCOUVER, BC / ACCESSWIRE / December 6, 2023 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce analytical results from additional exploration holes drilled on its Rogue Project in Canada's Yukon Territory. Hole V-23-061 returned 2.46 g/t Au over 519.6 m from surface, including 3.60 g/t Au over 265.6 m downhole, demonstrating a strong consistency of near-surface, multiple-gram-per-tonne-gold mineralization. Holes V-23-059 and V-23-060 were drilled within the southeast extension of the system and add dimensionality and consistency to known mineralization in that direction. Assays for more than 5,475 m of diamond drilling from Snowline's 2023 exploration efforts remain pending.
Table 1 -Highlight summary of Snowline's latest assay results. *Interval widths reported; true widths of the system are not yet known.
表 1-Snowline 最新檢測結果的重點摘要。*已報告間隔寬度；系統的真實寬度尚不清楚。
"The Valley discovery on our 100%-owned, district-scale Rogue Project continues to demonstrate strong, continuous gold mineralization across a large area from surface," said Scott Berdahl, CEO & Director of Snowline. "Hole V-23-061 returned the strongest gold interval we've seen near surface in any hole to date, highlighting the favorable characteristics of the Valley system for efficient mining-namely strong, consistent mineralization with the highest grades beginning at or near surface in a topographically advantageous position. With December upon us, we have much to look forward to in terms of additional drill results, surface exploration results, advanced metallurgical testing and of course an aggressive exploration season ahead in 2024 on Valley and other targets across our >330,000 ha land position."
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.
圖 1-Rogue Project 山谷目標的平面圖，顯示了之前和當前鑽探的分析結果，以及未完成鑽孔的鑽探痕跡。請注意，爲了顯示新結果，無論相對深度如何，當前孔都繪製在先前孔的上方。該系統在多個方向上保持開放，包括深度開放。地圖上標明瞭 A 部分（圖 2）和 B 部分（圖 4）的終點。
HOLE V-23-061
洞 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).
V-23-061 洞位於山谷侵入體內的粗粒花崗閃長巖中，位於 V-22-039 東北約 60 米處（553.8 m @ 2.48 g/t Au，包括來自地表 183.3 m @ 4.34 g/t Au，參見 2023 年 8 月 3 日的 Snowline 新聞稿）和 V-23-037 西南 51 米處（383.8 m @ 2.47 g/t Au，同一新聞稿）。它在粗粒花崗閃長巖中延伸到孔的長度，與兩個由細顆粒花崗閃長巖組成的小（1 m 縮放）堤壩相交（圖 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.
該洞從井下 5.5 米處的基岩表面開始形成堅固的片狀含金石英脈礦化（圖 3），一直呈強烈礦化狀態，直到井下約 270 m 處，該洞與中心的、平行山谷的斷層相交。石英礦脈密度下降到斷層下方，但較低品位的礦化在洞穴的其餘部分仍在繼續。孔的下半部分的靜脈方向通常與鑽芯呈低角度延伸，而在孔的上部，它們與在山谷侵入體中看到的占主導地位的、急劇向西北傾斜的衝擊脈陣列一致。
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.
As seen in Figure 2, the consistency of strong, near-surface mineralization in V-23-061 is emphasized by the even distribution of grades. Within the top 265.6 m interval downhole from bedrock surface, 90% of assays (measured by core length) returned >1 g/t Au and no assays returned <0.4 g/t Au. As with many other holes at Valley, capping mineralization at 10 g/t Au has only a minor effect on grades-in the near surface interval, the capped average is 3.4% lower, at 3.48 g/t Au instead of 3.60 g/t Au over the 265.6 m downhole interval. Within this, the 143.0 m downhole stretch from 68.5 m to 211.5 m represents the longest interval to date at Valley without a single assay value <1.0 g/t Au. Nearly half (46.1%) of the assays within this interval are above 4.0 g/t Au, and 82.8% returned greater than 2.0 g/t Au. (The average grade over this 143.0 m interval is 4.54 g/t Au.)
Towards the bottom of the broader 519.6 m interval, beginning at 514.0 m downhole, a quartz vein roughly 2 cm wide running subparallel to the core for approximately 1 metre was intersected, with abundant millimetre to sub-millimetre scale instances of visible gold. This interval yielded 154.7 g/t Au across 1.0 m downhole (with a localized true width closer to the 5.1 cm diameter of the drill core).
在更寬的519.6米間隔的底部，從井下514.0米開始，一條寬約2厘米的石英礦脈與岩心相交，向下延伸約1米，有大量的毫米至亞毫米尺可見金實例。該間隔在井下 1.0 m 處產生 154.7 g/t Au（局部真實寬度接近鑽芯直徑 5.1 cm）。
The hole ends with a second interval of mineralization beginning at 534.0 m downhole and averaging 0.35 g/t Au over 64.0 m. Gold values within this interval have higher variance, owing to the lower vein density and the subparallel orientation of the veins to the drilling direction.
該孔以第二個礦化間隔結束，從井下 534.0 m 開始，在 64.0 m 上平均爲 0.35 g/t Au。由於礦脈密度較低且礦脈朝向鑽探方向的次平行方向，該區間內的金值變化較大。
Table 2 - Summary of significant mineralization returned from current holes at Valley. The consistency of strong mineralization on the target is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. *Interval widths reported; true widths of the system are not yet known, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley. The 154.70 g/t Au value in V-23-061 is a relatively isolated instance of a narrow (~2 cm), gold-rich vein running near parallel to core over along one meter of core length.
表 2-山谷當前洞穴返回的重要礦化物摘要。最右側列中的上限值增強了靶上強礦化的一致性，其中任何大於 10 g/t Au 的檢測結果都被替換爲 10.0 g/t Au 以計算平均間隔品位。*已報告間隔寬度；該系統的真實寬度尚不清楚，在谷地的大宗噸位黃金目標中，在不同的間隔內存在不同的礦脈生成、方向和品位分佈。V-23-061 中的 154.70 g/t Au 值是一個相對孤立的實例，即一條狹窄（約 2 cm）、富含金的礦脈，沿着一米的核心長度與岩心幾乎平行地延伸。
Figure 3 - High quartz vein density observed in V-23-061, from 129.3 m to 160.0 m downhole, as seen in a September 11, 2023 news release. This 30.7 m downhole interval averages 5.87 g/t Au and includes the top of a 47.5 m interval averaging 6.47 g/t Au from 149.0 m downhole. Orange flagging marks instances of trace visible gold. Multiple generations of quartz veins can be seen cutting the core at different orientations. NQ2 sized drill core shown is 5.1 cm in diameter.
Hole V-23-059 is collared in coarse-grained granodiorite of the Valley stock, on section between V-23-044 (295.9 m @ 1.32 g/t Au from surface including 157.0 m @ 2.03 g/t Au, see Snowline news release dated September 11, 2023) roughly 132 m to its southwest and V-22-027 (481.5 m @ 0.69 g/t Au including 250.0 m @ 1.01 g/t Au, see Snowline news release dated January 18, 2023) roughly 108 m to its northwest (Figures 1 and 4).
The hole encountered sheeted gold-bearing quartz vein mineralization from bedrock surface at 6.9 m downhole. The full interval of continuous mineralization within the hole averages 1.01 g/t Au over 429.6 m from bedrock surface, with a higher-grade zone averaging 1.97 g/t Au over 105.5 m from 112.0 m downhole. A second interval of lower grade mineralization (0.28 g/t Au over 44.0 m from 450.0 m downhole) is present near the edge of the intrusion. The hole exits the intrusion at 507.0 m downhole into primarily non-mineralized hornfels.
該洞在井下 6.9 米處遇到了來自基岩表面的片狀含金石英脈礦化。在距離基岩表面的429.6米處，孔內連續礦化的整個間隔平均爲1.01 g/t Au，從井下112.0 m處的105.5米處的較高品位區域平均爲1.97 g/t Au。侵入物邊緣附近存在第二個低品位礦化間隔（距離井下 450.0 m 處超過 44.0 m 的 0.28 g/t Au）。該洞從井下 507.0 m 處的侵入口進入主要是非礦化角落。
Gold grades in V-23-059 are not affected by grade capping at 10 g/t Au, demonstrating the consistent nature of mineralization across the broad mineralized interval.
V-23-059 中的金品位不受 10 g/t Au 品位上限的影響，這表明在寬泛的礦化區間內礦化的性質是一致的。
Both V-23-059 and V-23-060 add breadth to the known extent of near-surface >1 g/t Au (to nearly 2.0 g/t Au in the case of V-23-059) mineralization in the southeast extension of the Valley gold system.
Figure 4 - Cross-section B, showing V-23-059 in the context of adjacent holes and a simplified, schematic geological model. The hole demonstrates breadth of consistent mineralization perpendicular to the northwest strike of the system in southeastern part of Valley, including a 106.5 m run of mineralization at 1.97 g/t Au, potentially extending the zone of 2.03 g/t mineralization seen in previous hoe V-23-044. View looks northwest. See Figure 1 for section location.
圖 4-橫截面 B，顯示了相鄰孔洞背景下的 V-23-059 和簡化的示意性地質模型。該孔顯示出垂直於山谷東南部系統西北走向的持續礦化寬度，包括在 1.97 g/t Au 處長達 106.5 m 的礦化帶，有可能延伸之前在挖掘機 V-23-044 中看到的 2.03 g/t 礦化區域。視野向西北。有關章節的位置，請參見圖 1。
REGIONAL DRILLING
區域鑽探
Gracie Target, Rogue Project
格雷西·塔吉特，《盜賊計劃》
At Gracie, assays for G-23-008 and G-23-009 have been received (Table 3). These holes were drilled in the western and southern parts of the zone of hornfels at Gracie, away from the primary planned hole locations which were postponed due to technical conditions at the pad sites. Both holes intersected long runs of hornfels sandstones, siltstones and cherts, with rare quartz veins and varying degrees of silicification along with biotite and chlorite alteration. Gold values were generally low, with elevated to anomalous gold values of up to 1.57 g/t over 0.8 m.
The results will be used alongside previous drilling, geophysics, surface geochemistry and mapping to determine an optimal follow-up drilling strategy for the Gracie target.
Table 3 - Summary of mineralization returned from current holes at Gracie. Various lesser intervals are present but not listed. *Interval widths reported; true widths have not been determined.
On receipt from the drill site NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline's 2023 field camp. Sample lengths as small as 0.5 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was used. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by orientation line where present or by dominant vein orientation where absent) collected for analysis and one half stored as a record. Field duplicates were collected at regular intervals as 1⁄4 core samples by splitting the 1⁄2 core sent for sampling, leaving a consistent record of half core material from duplicate and non-duplicate samples alike. Standard reference materials and blanks were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor to Bureau Veritas' preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in Vancouver.
Similar procedures were employed on the Tosh Project, though drill core was transported to Whitehorse in advance of detailed logging and sampling.
Tosh Project也採用了類似的程序，儘管在進行詳細的測井和取樣之前，鑽芯已被運送到懷特霍斯。
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25 g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (BV code: FA530).
必維國際檢驗集團在質量管理方面獲得了 ISO/IEC 17025 和 ISO9001 的認證。BV 將樣品粉碎到 > 85%，穿過 2 mm 以下，然後使用步槍分離器進行分裂。250 g 的分裂被粉碎到 > 85%，穿過 75 微米以下。採用電感耦合等離子體質譜 (ICP-MS) 表面處理的四酸消化液用於對 0.25 g 樣品漿（BV 代碼：MA250）的 59 種元素分析。使用原子吸收光譜（AAS）對30 g樣品（BV 代碼：FA430）進行火法測定對所有樣品的金含量進行了分析。任何返回 >10 g/t Au 的樣本均通過火法測定重新分析，對 30 g 樣本（BV 代碼：FA530）進行重量分析。
For the purposes of this release, mineralized intervals are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au, including any subsections thereof.
就本版本而言，礦化區間定義爲沒有中斷>5.0 m的礦化過程，測定
ABOUT ROGUE
關於 ROGUE
The Valley target on Snowline's flagship Rogue Project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production such as Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-suite intrusion. Valley is an early-stage exploration project without a resource estimate, and while initial results are encouraging, the presence or absence of an economically viable orebody cannot be determined until additional work is completed.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. The Rogue Project is thus considered by the Company to have district-scale potential for additional reduced intrusion-related gold systems.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering >333,000 ha. The Company is exploring its flagship >94,000 ha Rogue gold project in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross's Fort Knox Mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Figure 5 - Project location map for Snowline Gold's eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley target is one of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.
圖 5-Snowline Gold 東部塞爾溫盆地物業的項目位置圖：Rogue、Einarson、Ursa、Cynthia 和 Olympus。山谷目標是更廣泛的 30 x 60 km Rogue Project 中與入侵相關的潛在金礦目標之一。
QUALIFIED PERSON
合格的人
Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., VP Exploration of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
本新聞稿中的信息是在Snowline Gold Corp勘探副總裁托馬斯·布蘭森（Thomas K. Branson）的監督和批准下編寫的，他是美國國家儀器43-101的合格人員。
ON BEHALF OF THE BOARD
代表董事會
Scott Berdahl CEO & Director
斯科特·伯達爾 首席執行官兼董事
For further information, please contact: Snowline Gold Corp. +1 778 650 5485 info@snowlinegold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, cost-effective production of gold, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
