Author: aila

• Cutting for drill core sampling revealed two instances of visible gold in drill core, the first visible gold found on Snowline’s Einarson project
• Additional visible gold encountered in third and fourth holes at Valley, Rogue project
• Extensive electromagnetic survey completed across Ursa project to examine base metal and gold fertility

Vancouver, B.C., September 16, 2021: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to provide an update on its exploration activities on its Einarson, Rogue and Ursa projects in the Yukon Territory, Canada. Core cutting for drill core sampling in Hole J-21-020 revealed two instances of visible gold, the first visible gold observed in the Jupiter zone. It is Snowline’s second discovery of visible gold in drill core on a previously untested target in two weeks. At Rogue, additional visible gold has been observed in drill holes V-21-003 and 004, complementing previously observed trace visible gold mineralization in V-21-001 and 002. At Ursa, an extensive aerial versatile time domain electromagnetic (VTEM) survey has been completed across 439 km, covering most of the claim block at 200 m line spacings in preparation for possible drilling.

“This is icing on the cake for our successful Phase I drill program at Jupiter,” said Scott Berdahl, CEO and Director of Snowline Gold. “On September 3, we released a photo from this drill hole given the potential significance of intersecting mineralized quartz in such a large, blind step-out. I said then it was ‘almost as good as we could hope for.’ With this visible gold, that ‘almost’ can be removed. Hole 20 joins a majority of the 21 holes drilled at Jupiter for which we eagerly await assay results. Apart from our Hole 11 ‘discovery hole,’ which we rushed, we have yet to receive assays back from any of the largest quartz-arsenopyrite intervals we have seen in holes 10 and higher. We expect a steady stream of assays back from these holes and from our drilling at Valley on the Rogue project over the coming weeks and months.”

Lengthwise core cutting of J-21-020 for geochemical sampling revealed instances of visible gold (Figure 1) that weren’t apparent during geological logging of the intact core. The visible gold was found in a roughly 1 m wide quartz vein previously flagged for its potential by the company (Figure 2), at the base of a 9 m wide zone of alteration and variable amounts of arsenopyrite mineralization. True widths of these zones are not known but are expected to be roughly 90% of intersected widths based on the high angles to drill core. While the observed gold confirms that the quartz veins carry gold in this area, the actual concentrations and distribution of gold in the core remains unknown until assays are returned. Hole J-21-020 was drilled roughly 1.1 km north of hole J-21-011 which returned multiple high-grade intervals of up to 13.2 g/t Au over 6.5 m (see Snowline’s August 25, 2021 news release) and some 460 m from any previous hole at Jupiter, highlighting the potential scale of the system (Figure 3).

Jupiter is thought to represent an epizonal orogenic gold system. It is one of ten target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold’s 70%-owned, district-scale Einarson project. Adjacent projects Rogue and Ursa are prospective for intrusion-related gold, and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere. Readers are cautioned that without assay results, the true significance of the intersections reported herein is uncertain.

ROGUE PROJECT UPDATE

Trace amounts of visible gold have been observed in holes V-21-003 and V-21-004, the third and fourth holes drilled on Snowline’s Rogue project, in the Valley zone. This news follows the Company’s September 7, 2021 report of visible gold in its first two drill holes at Valley. Subsequent analysis of V-21-001 and V-21-002 has revealed additional details.

In V-21-001, thirty-one quartz veins containing trace visible gold have been observed across 152 m of drill core, with up to five grains of visible gold (0.1 mm to 0.5 mm in size) within a single vein. Quartz veins themselves are usually on the order of 1 cm in thickness, with anywhere from 1 – 8 veins per metre of core. The first instance of visible gold in V-21-001 occurs at 7.5 m from surface, while the final occurrence is at 159.55 m, just 1.45 m from the end of the 161 m hole. Thirty-one of 169 samples submitted for assay, or nearly 1 in 5 samples across the length of the hole, contain trace levels of visible gold.

In V-21-002, sixteen instances of trace visible gold were observed in cm-scale quartz veins across 162 m, with similar characteristics to V-21-001. The first instance occurs at 49.5 m downhole, while the last observed instance was at 217.5 m depth in a 242 m hole.

In V-21-003 and V-21-004, visible gold is less common, with only four and two instances observed respectively. Nonetheless, the trace occurrences of visible gold in V-21-003 also span a considerable length of core, from the first instance at 12.5 m to the final at 173.5 m. 

Some 804 m of drilling has been completed across the four holes in the Valley zone. While encouraged by the trace amounts of visible gold in each hole, the Company cautions that no assays have been received for these holes. The true significance of the discovery at Valley awaits these results.

URSA PROJECT UPDATE

At Ursa, a 439 line-kilometre VTEM survey was conducted in early September by Geotech Inc. across most of the northernmost Ursa claim block (Figure 4) at a line spacing of 200 m. The survey covers an area of roughly 7,750 ha. It will provide the Company with information on the conductivity and chargeability of rock units underlying the trend of anomalous geochemistry, allowing for better understanding of the underlying geology and potentially mapping out anomalous geophysical targets directly related to base metal or gold mineralization.

A small program of additional surface sampling was completed by the Company in a prospective part of the Ursa base metals trend to gain further insight on the origin of the anomalous zinc, nickel, copper, vanadium and silver values in soil and stream geochemical sampling encountered in historical sampling across a wide area, and to provide context for results of the geophysical surveying.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >106,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects 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’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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.

• Acquisition of five claim blocks from arm’s length vendors increases Snowline’s targeted Yukon Territory land position by 18%
• Extensive historical dataset includes a 350 x 200 m zone of highly anomalous gold in soils with eight soil samples >1 g/t Au, up to 6.4 g/t Au, within a broader 3.5 x 1.0 km gold-in-soil trend
• New land position triples coverage of Snowline’s “Ursa” trend to > 30 km of prospective strike length.

September 14, 2021 – Vancouver, B.C. – Snowline Gold Corp. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has entered into a property option agreement with Epica Gold Inc., a wholly owned subsidiary of HighGold Mining Inc., and Carlin Gold Corporation (together the “Optionors”) dated September 13, 2021 (the “Agreement”), pursuant to which the Company has acquired the option (the “Option”) to purchase a 100% interest in 812 mining claims in five blocks collectively covering approximately 16,500 hectares (the “Properties”). The Properties are located in the Mayo mining district, Yukon Territory, where they supplement Snowline’s existing claim position across a regional geological feature considered by the company to be highly prospective for gold and base metal mineralization. Snowline’s mineral holdings now comprise some 106,500 hectares and are focused within the Selwyn Basin.

Under the terms of the Agreement, Snowline can acquire the Properties in exchange for payments to the Optionors of $100,000, ($50,000 on signing and $50,000 on the first anniversary), and issuing 1,000,000 common shares to the Optionors, (500,000 common shares issued on signing and 500,000 on the first anniversary). All payments made by the company are divided 50/50 amongst the Optionors. The agreement is subject to a 2% net smelter returns royalty, with a 1% buy-back provision for $2,000,000.

All securities issued pursuant to the Agreement will be subject to a four‐month and one day hold period in accordance with applicable Canadian securities laws.

“This claim package has been on Snowline’s radar for a long time,” said Scott Berdahl, CEO and Director of Snowline. “With our promising results this season, we are excited to further solidify our cornerstone position in an area with demonstrated and increasing potential to become a significant new gold and base metals district. Each acquired property bolsters an existing Snowline project. We further benefit from the previous operators’ extensive geochemical work, which identified multiple promising targets for follow-up. As with our Jupiter zone at Einarson and Valley zone at Rogue, this option provides Snowline and its shareholders low-cost entry to high-quality targets at the drill discovery stage.”

THE “X” & “REA” BLOCKS – CYNTHIA

The X claims lie within 1 km of the southern boundary of Snowline’s Cynthia project, south of Rogue and Einarson. Historical soil sampling conducted by the previous operator on the X claims revealed multiple gold-in-soil anomalies, including a 3.5 x 1.0 km area with generally elevated (>10 ppb Au) to highly anomalous (up to 6,355 ppb Au) gold in soils. Within this area is a 300 x 250 m zone of consistently anomalous soils, with 8 of 52 soil samples assaying above 1,000 ppb (1 g/t) Au (Figure 2). These anomalies are hosted in deformed Devonian age black shales intruded by a Mayo suite Cretaceous intrusion nearby, making for what the Company believes to be a highly prospective environment for several styles of gold deposit. Additional high gold values were encountered in historical soil sampling along strike, some 4 km from the anomaly.

The REA claims cover a zone of gold and base metal anomalism in soil and rocks near a zone of complex structural intersection and along strike of the X claims.

An inactive winter haul road formerly used to service the Plata silver mine comes within 1.5 km of the X claims and within 2.8 km of the REA claims (Figure 1).

THE “HS” AND “GS-Y” BLOCKS – URSA

The claim blocks comprising the HS, GS and Y claims extend coverage along the same belt of prospective Ordovician to Devonian rocks that host the strong, extensive, multi-element base metal anomalism identified in stream sediment and soil samples on the Company’s Ursa project. This effectively triples the strike length of prospective rocks controlled by Snowline along this belt to over 30 km (non-contiguous). While Ursa appears to cover the strongest signal from this anomalous trend, historical stream sediment and soil sampling on the newly acquired blocks returned up to 1.84% zinc in stream sediment samples and 1.1% zinc in soils.

The Selwyn Basin is among the world’s richest sources of zinc, with three major districts recognized to date: the Anvil District, Howards Pass, and Macmillan Pass. The rocks underlying Ursa and the newly acquired claims are similar in age and provenance to units at both Howards Pass and Macmillan Pass.

While Snowline’s focus remains on its flagship gold projects, this expanded land position over prospective ground strengthens the opportunity for joint-venture, spin-out or sale if significant base metal mineralization is encountered on the Ursa project.

THE “OB” BLOCK – EINARSON

The OB claims are located north of the Einarson property along the same regional geological feature as a prominent anomalous geochemical trend on Einarson. Historical soil sampling conducted by the previous operator on the OB claims returned generally elevated (>10 ppb Au) to anomalous (up to 522 ppb Au) soils along a 2.3 km strike length, with 16 of 79 samples (20%) returning >100 ppb Au. Follow-up rock sampling targeted carbonate and clastic units and did not identify the source of the anomaly, though nearby quartz veining was mentioned in sample notes. Given Snowline’s quartz-vein associated discoveries at Jupiter and Avalanche Creek, exploration targeting of an epizonal orogenic model may prove more successful in identifying the source of the anomaly.

QA/QC

Historical results relating to the newly acquired claim blocks reported herein have not been directly verified by Snowline as such data was prepared and compiled by third parties prior to Snowline’s involvement with the Properties. Collection procedures, assay techniques and documentation of the data appear to follow industry best practices, and the Company believes the data to be reliable as a first-pass indicator of high prospectivity that identifies promising targets for follow-up.

QUALIFIED PERSON

The scientific and technical information in this news release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering nearly 106,500 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects 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’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-650-5485
info@snowlinegold.com 

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the exercise of the Option and the payments and share issuances related thereto, the Company’s belief the Properties will be a highly prospective environment for several styles of gold deposit 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 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.

• The first two holes ever drilled into the Valley target intersected trace amounts of visible gold across broad regions of drill core
• Prospecting at Valley encountered auriferous sheeted quartz veins over a large area with grab samples of up to 15.95 g/t Au
• Soil geochemistry results delineate an open 900 x 150 m soil anomaly associated with sheeted veins within and around a recently identified Tombstone series intrusion. Four soil samples returned >1 g/t Au to a maximum of 3.36 g/t Au.

Vancouver, B.C., September 7, 2021: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to provide an update on its exploration activities on its flagship Rogue project in the Yukon, Canada. Holes V-21-001 and V-21-002, the first two holes ever drilled into Snowline’s “Valley” gold target, both intersected trace amounts of visible gold across much of their 161 m and 242 m lengths in quartz veins associated with a previously untested reduced-intrusion related gold system. Targeting efforts prior to drilling revealed an open, 900 x 150 m zone of anomalous gold-in-soils associated with a recently identified intrusion accompanied by sheeted quartz veins assaying to 15.95 g/t Au.

“Visible gold mineralization at Rogue marks Snowline’s second drill discovery in as many drill campaigns this season. We await assay results for the full story,” said Scott Berdahl, CEO and Director of Snowline Gold Corp. “Those new to Snowline may be surprised at the apparent success of our inaugural season. But while we are a newly listed company, this is not a new endeavour. We were built on over three decades of mostly private Yukon-focused exploration. Our flagship projects have taken various forms over the past 11 years, with millions spent on baseline data collection yielding promising targets and ideas. Snowline is now well-positioned to reap the benefits. We are fortunate to begin our journey at the drill discovery phase—the steepest value-add in the mining life cycle—and we are just getting started. Our recent successes further validate Snowline’s driving thesis of a new gold district in the Selwyn Basin spanning multiple deposit types across our Rogue, Einarson and Ursa projects.”

Holes V-21-001 and 002 were drilled from a single pad along an azimuth of 175°, dipping 50° and 70° (Figure 2). Visible gold encountered in drill core occurs as grains roughly 0.1-0.5mm in size within centimetre-scale, sheeted quartz veins that are present at varying densities per metre throughout both holes. In hole V-21-001, at least 28 of these small quartz veins contain visible gold, with up to five grains observed in a single vein crosscutting core. In hole V-21-002, instances of visible gold are observed through to 217.5 m depth (total hole depth 242 m). Sheeted veins are present in both hornfels sedimentary rocks and in a dominantly diorite to quartz-diorite intrusion (Figure 3). This intrusion does not appear on current geological maps, but based on nearby mapped intrusions, it is likely a member of the Mayo plutonic suite, a series of Cretaceous-aged felsic intrusions responsible for significant gold deposits including Fort Knox in Alaska and the Eagle gold mine in the Yukon Territory.

The drill discovery caps off a busy season of careful advancement and targeting by Snowline at Valley (Figure 2), comprising soil sampling, prospecting, preliminary geological mapping, and drone-supported detailed magnetic surveying and orthophotography across the target. Some 376 grid soils were collected at Valley, with partially returned assay results revealing a 900 m x 150 m zone of elevated and anomalous soils. Four soil samples received to date returned greater than 1 g/t Au, to a maximum of 3.36 g/t Au. Prospecting and preliminary geological mapping revealed a broad zone of sheeted veining striking WNW-ESE coincident with the soil anomaly. Grab samples of vein material commonly ranged from 2 g/t Au to 16 g/t Au, though readers are cautioned that overall grade in such systems commonly depends on vein densities in addition to grade. A 411-line-kilometer magnetic survey conducted by EarthEx Geophysical Solutions revealed the extent of the mostly covered intrusion and associated structures and will be useful in guiding Snowline’s drill exploration efforts.

While encouraged by the discovery of visible gold in V-21-001 and 002, the company cautions that its true significance will not be known until drill hole assay results are available. Given laboratory wait times of 1-2+ months, these results are unlikely to be available in the near term. In known deposits of this type, the density of sheeted veining is as important as the grade of the veins as the host rock is commonly barren. No resources nor reserves have been calculated at Rogue, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at the Valley target or elsewhere.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects 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’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-650-5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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.

• Arsenopyrite-bearing quartz-carbonate veins intersected in hole J-21-020, drilled 460 m from any previous hole and 1,100 m from high-grade discovery hole J-21-011 

• Jupiter’s expanded, 4,300 m Phase I program now complete, with assays pending for 13 of 21 holes and evidence of mineralizing system encountered in all 21 holes 

• Drilling now underway on intrusion-related Valley gold target, Rogue property. 

Vancouver, B.C., September 3, 2021: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to provide an update on its exploration activities on its flagship Einarson and Rogue projects. Holes J-21-020 and J-21-021, the final two holes of an expanded 4,300 m phase I drill program on Einarson’s Jupiter zone, intersected sulphide-bearing quartz-carbonate veins in a 460-metre step-out testing what may be a parallel structural corridor (Figure 2). Assay results from these holes are not anticipated for some time due to laboratory back-logs, but the Company recognizes the presence of such mineralization to be a significant positive indication of the potential of the Jupiter zone.

“With such a big step-out, we were swinging for the fences,” said Scott Berdahl, CEO and Director of Snowline. “While we don’t yet have assays for these holes, it’s starting to look a bit like a home run. This hole hit similar veins, alteration and gold pathfinder minerals to those of our recent J-21-011 discovery hole some 1.1 km to its south. It is almost as good as we could hope for. This caps off a very successful Phase I drill program at Jupiter, with exciting intervals already in hand and most assay results still forthcoming. We look forward to returning to Jupiter next year”

Hole J-21-020, drilled at an azimuth of 250° and dipping -50°, encountered multiple zones of arsenopyrite and pyrite including a 9.2 m zone of trace to high concentrations of arsenopyrite from 101.5 m to 110.7 m downhole, with abundant quartz veining from 106.5 m to 110.0 m (Figures 1, 3 & 4).

Hole J-21-021 was drilled from the same pad as J-21-020, also at an azimuth of 250°, but with a steeper dip of -75°. It encountered a similar zone of quartz veining from 98-105 m depth with abundant pyrite, but it lacked obvious occurrences of arsenopyrite. 

Jupiter is thought to represent an epizonal orogenic gold system. It is one of nine target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold’s 70%-owned, district-scale Einarson project. Adjacent projects Rogue and Ursa are prospective for intrusion-related gold and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere. Readers are cautioned that without assay results, the true significance of the intersections reported herein is uncertain. 

ROGUE PROJECT DRILLING 

A 600-metre, phase I drilling program has commenced at the Valley zone on the Rogue project, located south of Einarson (Figure 5). This drilling targets intrusion-related gold mineralization in sheeted veining and gold-bearing structures within and around a newly-discovered intrusion thought to belong to the prolific Tombstone plutonic suite. 

Snowline CEO Berdahl continued, “With the drill now turning on the first-ever drill test of the Valley zone, we’re optimistic that further discovery awaits Snowline Gold this season.”

QUALIFIED PERSON 

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101. 

ABOUT SNOWLINE GOLD CORP. 

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects 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’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district. 

ON BEHALF OF THE BOARD 

Scott Berdahl, MSc, MBA, PGeo 
CEO & Director 

For further information, please contact: 

Snowline Gold Corp. 
+1-778-650-5485 
info@snowlinegold.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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. 

• Rushed assays for J-21-011 returned two distinct high grade gold intervals within broader anomalous gold haloes, including:
  • 13.2 g/t Au over 6.5 m, including 1.3 m of 43.5 g/t Au and within 15.0 m of 5.97 g/t Au 
  • 10.4 g/t Au over 5.0 m, within 12.5 m of 5.35 g/t Au

True widths are not yet known but are estimated to be 50-90% of above lengths

• Averaging all values (including barren zones) from base of mineralization to surface in J-21-011 yields 1.14 g/t across 163.5 metres
• Expanded Phase I drilling at Jupiter nearing completion, with assays pending for an additional 10 holes and similar zones of mineralization observed.

Vancouver, B.C., August 24, 2021: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce additional results from its ongoing Phase I drilling of the Jupiter Zone on its district-scale Einarson project in the Yukon Territory, Canada. Two distinct intervals of high-grade gold (>10 g/t Au, with assays up to 63.9 g/t Au) in hole J-21-011 indicate the discovery of a robust in-situ gold system. Key results from hole J-21-011 are summarized in Table 1 below.

“Assay results from hole 11 confirm the discovery of a sizeable gold system at Jupiter,” said Scott Berdahl, CEO and Director of Snowline. “Initially we patted ourselves on the backs for hitting mineralization consistently with our first holes on a blind target. But now, with evidence of the system in 19 for 19 holes over 930 m lateral extent—including mineralization in holes off-trend and a hole drilled directly away from our “target”—we may have simply discovered a gold system that is tough to miss. What excites us even more is that Jupiter is the first of many targets left to test on our Einarson, Rogue and Ursa projects. It’s a successful proof-of-concept in what we believe to be a previously unrecognized and unexplored gold district.”

Hole J-21-011 represents a 710-metre step-out along trend from earlier holes at Jupiter (see Figure 1 and Snowline Gold’s July 27, 2021 news release). It was drilled on a pad along with J-21-010, 012 and 013, for which assays are still pending. Mineralization occurs in and around quartz-carbonate veins, breccias and possibly quartz-flooded fold hinges in deformed siltstones of the Selwyn Basin’s Narchilla formation (Figures 2 and 3). Gold values are associated with fine-grained sooty-looking to acicular arsenopyrite occurring as patches, disseminations and stylolites in quartz, with metres-scale zones of disseminated arsenopyrite and up to tens of metres of disseminated pyrite in clay-altered wall rock.

Drilling to date has tested parts of a 930 m area that is open in length, breadth and depth within a 3 km area of elevated to anomalous gold in soils. Assay results are still pending for holes J-21-005, 8, 10, 12, 13, 14, 15, 16 and 17, and select highlight photos are herein shown as Figures 5-7. Additional results from holes J-21-002 and J-21-009 have been received and are reported in Table 2. The final Phase I holes at Jupiter will test anomalous soil geochemistry and quartz float to the north of other targets, 460 m from any previous hole and roughly 1.1 km from J-21-011. Optical, acoustic and induced polarization downhole surveys are planned this season prior to closing holes to better constrain structural and lithological controls on mineralization.

Jupiter is thought to represent an epizonal orogenic gold system. It is one of nine target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold’s 70%-owned, district-scale Einarson project. No resources nor reserves have been calculated on any Einarson property targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere on the project.

FORTHCOMING RESULTS

The following Figures 5, 6 and 7 are visual highlights from ongoing Phase I drilling at Jupiter. While assays for these zones are pending and thus gold values are not yet known, the Company is encouraged by large zones of arsenopyrite-bearing quartz and mineralized wall rock that are qualitatively similar to mineralized zones in J-21-011.

QA/QC

Grades reported herein are uncut except where specified. Split samples of NQ2 diamond drill core were sealed with tamper-proof labels and delivered by Snowline staff or expeditor to ALS Geochemistry in Whitehorse, Yukon. Fifty-gram pulps were processed using aqua regia digestion, with 30 g pulps submitted for fire assay on any sample assaying above 50 parts per billion gold. Both streams were analysed using ICP-MS. Overlimit samples for gold (>10 g/t Au) were processed by fire assay with gravimetric finish. Blanks, quarter-core duplicates and certified reference standards are submitted every 20 samples to monitor assay reliability.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly gold prospective yet underexplored Selwyn Basin. Snowline’s project portfolio is within the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, such as Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:

Snowline Gold Corp.

+1-778-650-5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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.

Vancouver, B.C., August 20, 2021: The SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) Board of Directors is pleased to announce the appointment of Scott Berdahl as the Company’s new Chief Executive Officer. Mr. Berdahl will be promoted from his previous role as Chief Operating Officer, emphasizing a shift to a strong technical focus for Snowline. The promotion is effective immediately and Mr. Berdahl will retain his position as Director.

Mr. Berdahl is a professional geologist with over 15 years of industry experience. He has business development experience with a number of private and listed companies that focused on gold and base metals. Born and raised in the Yukon, he earned a BSc in Geology and an MS in Science Writing from the Massachusetts Institute of Technology, an MSc in Earth Science & Engineering from KAUST in Saudi Arabia, and an MBA from INSEAD in France and Singapore. His skill sets provide the company with considerable technical expertise for the management of the mineral exploration discovery process.

This appointment follows notice from Nikolas Matysek who will be leaving as CEO and a Director of the company to pursue personal and other business interests. Mr. Matysek is thanked for his significant efforts to establish the company it in its current form, and for his sound management and organization. 

“The Board greatly appreciates Nikolas’ contributions to the company, particularly through its early development to become an ambitious mineral explorer, and for laying solid administrative and financial foundations.” remarked Chairman Craig Hart.  

The Board is considering the provision of additional support to the management team.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the highly gold prospective yet underexplored Selwyn Basin. Snowline’s project portfolio is within the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, such as Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. Snowline’s first-mover land position provides a unique investor opportunity to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Craig J.R. Hart
Chairman & Director

For further information, please contact:

Snowline Gold Corp.

+1 778 650 5485

info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering 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 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.

• Our initial drill program has intersected mineralization in 15 of 15 holes drilled across 930 metres within a 3 kilometre soil anomaly
• Partial assay results received for 5 holes, include: 
  • J-21-006: 3.96 g/t gold over 7.05 metre interval from 41.2 metres downhole
  • J-21-007: 4.10 g/t gold over 4.00 metre interval from 9.00 metres downhole 
• Subsequent holes J-21-008, 009, 010 and 011 have intercepted broader zones of arsenopyrite mineralization and quartz veining, with additional assays pending

Vancouver, B.C., July 27, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce it has intersected 7.05 metres at 3.96 g/t Au, including 0.7 metres at 10.65 g/t Au, and 4.00 metres at 4.10 g/t Au, including 0.5 metres at 17.95 g/t Au in initial drill program at the Jupiter Zone on its Einarson project in the Yukon Territory, Canada. Assays from hole J-21-006 & 007 confirm the presence of near-surface gold mineralization along a covered, regional scale structure. The Company has intersected mineralization associated with this structure in all 15 holes drilled to date. Step-out drill holes up to 930 metres along the trend continue to hit mineralization, with even wider mineralized intervals than those reported here for J-21-006 & 007 (Figure 1). Assay results are pending.

“This blind discovery at the Jupiter Zone in our first-ever drill campaign is a remarkable achievement for the Snowline geology team”, said Nikolas Matysek, Director and CEO. “We have consistently intersected mineralization in all 15 holes drilled to date and these initial assay results are a strong indication of the high-grade gold potential at Jupiter. The programme will now focus on extending the yet unknown limits of this structure with immediate follow up drilling.”

In hole J-21-006, a significant mineralized zone was intercepted between 41.2 – 48.3 metres within a 15-metre highly deformed and fractured fault zone (Figure 2). This zone is characterized by disseminated to locally massive arsenopyrite & pyrite within siltstone overlying a mineralized faulted vein. Holes J-21-005 and J-21-008 were drilled from the same pad, with assay results pending (Table 1).

A 710 metre along-strike step-out to the south for holes J-21-010, 011, 012 and 013 brings the total tested strike length to 930 metres and demonstrates the potential scale of the mineralized system at Jupiter (Figures 1, 3 & 4). Holes J-21-010 and J-21-011 encountered localized zones of disseminated and vein-hosted arsenopyrite mineralization along 121.2 metres and 133.9 metres of core length, respectively. Hole J-21-013 was drilled from the same pad but oriented away from the main target area at 090 azimuth degrees, and nonetheless also encountered zones of arsenopyrite mineralization thought to be associated with gold. True widths and the relationships of these broader intervals to any potential mineralized body or bodies is not yet known, nor is the continuity of the mineral system between northern holes and the southern drilling step-out. The Company believes these results to be highly encouraging evidence of a large, robust mineralizing system, but it cautions that their true significance awaits assay results.

The Jupiter property is thought to host a shallow epizonal orogenic gold system. It is one of eight target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold’s 70%-owned Einarson project.

Qualified Person 

Information in this release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101. The Einarson property is an early-stage exploration prospects that do not presently contain any mineral resources as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD 

Nikolas Matysek, B.Sc. (Geol) 
CEO & Director 

For further information, please contact: 

Snowline Gold Corp. 
+1-778-228-3020 
info@snowlinegold.com 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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. 

Vancouver, B.C., July 19, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has closed its previously announced non-brokered private placement of 2,857,142 Units (the “Units”) at a price of C$0.35 per Unit for aggregate gross proceeds of C$999,999.70 (the “Offering”). Each Unit consists of one common share of Snowline and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant is exercisable for one common share of the Company at an exercise price of C$0.53 until July 16, 2023.

In connection with the Offering, Crescat Capital LLC (“Crescat”) has been granted a pre-emptive right to maintain its pro-rata interest pursuant to the terms of an investment agreement with the Company for as long as Crescat owns more than 2% of the common shares of Snowline (calculated on a partially diluted basis).

The net proceeds of the Offering will be used to advance the Company’s Ursa gold and base metals project. All securities issued in connection with the Offering are subject to a four-month and one day hold period, expiring on November 17, 2021.

The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin. Snowline’s projects all lie in the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.

+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering 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 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.

Vancouver, B.C., July 15, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce Crescat Capital LLC (“Crescat”) as a strategic investor in the Company as part of a C$1,000,000 non-brokered private placement of units (“Units”) issued by Snowline. The proceeds of the offering will be used to advance the Ursa gold and base metals project, and fund a future 1,500 metre diamond drill programme.

“We are pleased to welcome Crescat as a strategic shareholder,” said Nikolas Matysek, Chief Executive Officer and Director of Snowline. “Crescat’s investment is a compelling endorsement of our Ursa gold and base metals project in the Selwyn Basin, Yukon. The 14-kilometre base metals and parallel 9-kilometre gold trends are attractive targets that we are excited to begin exploring. This programme will add another dimension to Snowline as we continue to advance our neighbouring Einarson and Rogue projects.”

“Snowline has one of the highest quality portfolios of early-stage projects of any junior company I know,” commented Quinton Hennigh, technical advisor to Snowline. “One recent addition is the very exciting Ursa project, a very large, profound geochemical anomaly encompassing strongly elevated gold, zinc, silver, and other metals. Underlying rocks are dominantly sedimentary, so the prospect of finding a very large stratiform or stratabound base metal system is certainly possible. But, there is also clear evidence of Tintina style gold mineralization in the immediate area, so potential for such a gold system is also possible. Part of the proceeds of this placement will be dedicated to doing basic geophysics and other ground-based work to develop drill targets and undertake drilling at Ursa. We are very excited to start work on this program this season.”

Kevin Smith, Crescat’s founder and Chief Investment Officer stated, “we are thrilled to help fund the Ursa exploration program and believe Snowline has perhaps the most exciting collection of gold and multi-metallic drill targets in the Yukon today. Nikolas Matysek and Scott Berdahl are a highly capable new generation management team with a strong family history in the mining industry. We expect very successful careers ahead for them.” 

The Offering

The Company is conducting a non-brokered private placement of 2,857,142 Units at a price of C$0.35 per Unit for aggregate gross proceeds of  C$999,999.70 (the “Offering”). Each Unit is comprised of one common share of Snowline and one-half of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each Warrant will be exercisable for one common share at an exercise price of C$0.53 and will expire two years from the closing date of the Offering. Upon completion of the Offering, Crescat will own approximately 6.7% of the issued and outstanding common shares of the Company on a basic basis and approximately 9.8% of the issued and outstanding common shares of the Company on a partially diluted basis.

On closing of the Offering, Crescat will be granted a pre-emptive right to maintain its pro-rata interest pursuant to the terms of an investment agreement with the Company for as long as Crescat owns 2% or more of the common shares of Snowline (calculated on a partially diluted basis).

The net proceeds of the Offering will be used to advance the Company’s Ursa gold and base metals project. Closing is subject to a number of conditions including, but not limited to approval of the Offering by the Canadian Securities Exchange. All securities issuable under the Offering will be subject to a four-month and one day hold period from the date of closing of the Offering.

Ursa Project

The proceeds of the Offering will be used to undertake an electromagnetic survey that will target potential sulfide mineralization at Ursa. Further mapping, sampling, prospecting, and trenching will also build upon historical work. The Ursa work programme is planned to culminate in a first-pass 1,500 metre diamond drill programme to test the silver and base metal potential of the project. 

The west side of the Ursa property covers a 14-kilometre trend of elevated to highly anomalous zinc, silver, copper, molybdenum, nickel, and vanadium thought to be associated with Devonian age enriched black shales. Of 45 historic stream sediment samples draining the length of the trend, 44 returned concentrations exceeding 0.1% Zn, with 8 of these samples exceeding 1% Zn to a maximum of 3.4% Zn. Historic, first-pass contour soil sampling along a subsection of the trend revealed a zone 500 m to 1,500 m wide wherein soils consistently exceed 5 g/t Ag. A 2.7 kilometre-long, 43-sample contour soil line within this subsection had a median concentration of 14.8 g/t (0.43 oz/ton) silver.

The east side of the Ursa property covers a 9-kilometre trend of elevated gold in stream sediments and soils in a sequence of heavily folded carbonaceous black shales and cherts. Gold was discovered in black shale hosted pyrite nodules by a previous operator searching for Carlin-style targets. The carbonaceous, passive margin shales in both areas have been compressed into a tight anticlinorium and later intruded in their vicinities by felsic plutons. At Ursa, these plutons are members of the Tombstone plutonic suite that drive the intrusion-related gold targets at Rogue. There has been very little, if any, previous exploration for this deposit type in the Selwyn Basin. 

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin. Snowline’s projects all lie in the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. 

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the timing for closing of the Offering, the receipt of regulatory approvals, the intended use of proceeds from the Offering, future plans for exploration, the prospect of finding a very large stratiform or stratabound base metal system or a Tintina style gold mineralization, Crescat’s anticipated shareholdings on completion of the Offering, and the expectation that Crescat will be granted a pre-emptive right to maintain its pro-rata interest following closing of the Offering. 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.

• All 9 holes drilled on Einarson’s Jupiter Zone to date have intersected a near-surface pyrite and arsenopyrite-bearing structural zone over 230 m of strike length
• Mineralized interval widths range from 0.2 metres to 21.7 metres in drill core, true thicknesses currently unknown
• 1,560 metres of core have been drilled with assay results on select intervals pending

Vancouver, B.C., July 14, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that Phase I drilling at the Jupiter zone is nearing completion, having achieved its initial objective of discovering a mineralized structural zone thought to be partially responsible for gold-bearing quartz float boulders that grade up to 25.2 g/t Au previously found on the surface. Approximately 1,560 metres of drill core has been recovered from the Callisto target, with all 9 holes drilled to date intersecting a mineralized structure down to depths of 100 metres, and along a 230-metre-long structural trend. This trend, which follows a regional-scale feature, is open for further drill targeting in all directions. Full assay results from these mineralized intervals are expected by early to mid-August. 

“The preliminary drilling results from Jupiter are encouraging” said Nikolas Matysek, CEO, and director of Snowline. “Discovering mineralized intervals in multiple holes across hundreds of metres is a sign of the significant potential at Jupiter. We are pleased that Snowline’s first drill programme has identified a potential source for the mineralized float found at surface and look forward to complete assay results.”

The ongoing Phase I diamond drill program initiated at the Jupiter zone tested a 3-kilometre long by up to 500-metre-wide area of anomalous gold-in-soil values accompanied by a prominent gold-bearing quartz boulder float train. All nine drill holes to have intersected a shallow north-easterly-dipping structural zone. (Figure 1). This zone comprises localized fault gauge and quartz, deformation and brecciation of sedimentary strata, and clay alteration of surrounding sedimentary units. The thickness of the mineralized zone in drill core, defined by the extent of arsenopyrite, ranges from 0.2 metres (Hole J-21-001; 50 m downhole) to 21.65 metres (Hole J-21-009; 18.5 m to 40.15 m downhole). True widths are currently unknown, though near 90-degree intersection angles with drill core suggest that true widths represent a substantial portion (75-100%) of widths intersected in drill core.

Mineralization consists of acicular arsenopyrite needles to much finer-grained arsenopyrite with a “sooty” appearance, along with pyrite (Figure 2). These sulphides occur as veins, patches and disseminations in quartz and in deformed sediments. Rare stibnite and trace realgar also occur in drill core. The zone generally occurs within a broader halo of clay alteration and disseminated pyrite. Structures and mineralized textures in core suggest that multiple fluid phases have affected mineralization.

While encouraged by phase I drill results, which indicate the in-situ presence of an extensive epizonal orogenic gold system, the Company awaits assay results to better assess their significance.

Phase I drilling at Jupiter has been complemented by comprehensive surface work, including high-resolution drone surveying, local and regional geological mapping, infill soil sampling and trenching that will help to guide a second phase of drilling, if warranted by phase I results.  Drilling has now moved to the Io target, some 650 metres southeast along strike of the same structural trend.

Rogue Project Advances

Soil sampling, structural mapping, prospecting and high-resolution drone surveying continue at the Rogue Project’s Valley Zone in preparation for Phase I drilling. Historical work during the 2010s at Valley discovered the presence of a reduced-intrusion related gold system, characterized by gold-bearing sheeted quartz veining within and around a newly discovered intrusion, and grab samples of sulphide vein material assaying from 0.5 g/t Au to 152 g/t Au within surrounding altered sediments.

Qualified Person

Information in this release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101. The Einarson and Rogue properties are both early-stage exploration prospects that do not presently contain any mineral resources as defined by National Instrument 43-101. 

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 90,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin. Snowline’s projects all lie in the prolific Tintina Gold Province that hosts multiple million-ounce-plus gold mines and deposits, from Kinross’ Fort Knox mine to Newmont’s Coffee deposit. Snowline’s first mover claim position represents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

ON BEHALF OF THE BOARD

Nikolas Matysek, B.Sc. (Geol)
CEO & Director

For further information, please contact:

Snowline Gold Corp.
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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.