Vancouver, B.C., July 12, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce the appointment of Mr. Matthew Roma as Chief Financial Officer (“CFO”) and Corporate Secretary of the Company. Mr. Roma is a Chartered Professional Accountant (CPA) with over 10 years of financial management experience working predominantly with junior mining companies. Mr. Roma articled at Deloitte LLP where he specialized in assurance and advisory services for publicly listed mining companies based both in Canada and the United States.
“We are pleased to welcome Mr. Roma to the Snowline management team”, commented Snowline CEO, Nikolas Matysek. “Matt’s expertise and experience will be a welcome addition as we continue to grow as a company.”
Mr. Roma’s appointment coincides with Ms. Natasha Tsai stepping down as CFO and Corporate Secretary to pursue other business opportunities. The Board of Directors of Snowline express their gratitude for the significant contributions Ms. Tsai has made to the Company and wish her well in her future endeavours.
The Company has also granted 700,000 incentive stock options to certain directors, officers, and consultants of Snowline. Each of the stock options will be exercisable into one Common Share at a price of C$0.35 until July 12, 2026.
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, with drilling expected to commence in June 2021. 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.
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., June 21, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that its common shares have been approved for trading on the OTCQB Venture Market (the “OTCQB”), operated by the OTC Markets Group, New York. The Company commenced trading on the OTCQB at today’s opening under the symbol “SNWGF”. The Company’s common shares will also continue to trade on the Canadian Securities Exchange under the symbol “SGD”.
The OTCQB is the premier venture marketplace for entrepreneurial and developing US and international companies that are committed to providing a high-quality trading and information experience for their US investors. To be eligible, Companies must meet high financial standards, including be current in their financing reporting, follow best practice corporate governance, have a professional third-party sponsor introduction, demonstrate compliance with U.S. securities laws, and undergo an annual verification and management certification process. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
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, with drilling expected to commence in June 2021. 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.
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.
Drilling to commence at Jupiter zone, a 3-km-long regional-scale structure
Targeting source of kilometre-long boulder train grading to 25.2 g/t Au
3,000 metres-plus diamond drilling across Eianarson and Rogue projects in 2021
Vancouver, B.C., June 16, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced drill mobilization to the Company’s 61,000 hectare Einarson gold project in the Yukon Territory, Canada. Initial drilling will test the newly defined Jupiter zone (formerly “Mars NE”), a 3-kilometre long by up to 500-metre-wide area of anomalous gold-in-soil values accompanied by a prominent float train of mineralized quartz boulders. These boulders commonly assay between 1 and 7 g/t Au, to a maximum of 25.2 g/t Au.
“We are very excited to begin drilling at Jupiter,” said Scott Berdahl, COO and Director of Snowline. “Our first-ever drill programme will build on several campaigns of mineral discovery and target-defining exploration. The broad areal extent, high grade surface samples, and geological similarities to large epizonal gold deposits make Jupiter a very prospective target.”
The geological setting and style of mineralization at Jupiter suggest the presence of a shallow orogenic gold system, with possible similarities to Newfound Gold’s Queensway project or Kirkland Lake’s Fosterville Mine. Geochemical similarities between mineralization at Jupiter and nearby Carlin-style gold deposits suggest mineralization may be genetically related.
2021 Drill Campaign
Early-season technical work by Snowline Gold’s team suggests that the gold occurrences at Jupiter are associated with an extensive regional structure. Mineralization has been identified over more than a kilometer, with a mineralized float train stretching 3 km (see Figure 1). A 1,500 metre Phase I diamond drilling program is designed to intersect the mineralization with a series of shallow, 200-300 metre deep holes.
Phase II drilling will build upon the surface exploration and drill results from Jupiter. An additional 1,500 metres is budgeted to test other targets across the Einarson property and on Snowline’s nearby Rogue property.
Figure 1 – Planned Phase I drill sites atop exploration geochemistry at Jupiter. At least three source areas have been identified for the mineralization in the float train, and Phase I drilling will test two of these zones. Jupiter is part of a larger structural zone that includes the Mars and Avalanche Creek prospects in the southern part of the Einarson property.
Surface Exploration Strategy
Prospecting at Einarson in late 2020 discovered a mineralized float train similar to Jupiter along a major structural corridor ~12 kilometres to the south, with grab samples up to 34.2 g/t Au. This new zone, Avalanche Creek, demonstrates the regional scope of the occurrence of this style of mineralization. Extensive prospecting is planned along favourable structures at Einarson. A concurrent program of trenching, mapping, drone surveying and geochemical sampling is underway at Jupiter to provide additional context for Phase I drill results and to aid in targeting the Phase II drilling.
At Rogue, prospecting in the Valley zone this season has already encountered abundant sulphide veining across a 250-metre traverse, about 600 metres from where similar gold-bearing sulphide veins with historic grab sample assays of up to 152.0 g/t Au occur with visible gold. Assays for these new samples are pending. Extensive mapping, geochemical sampling, prospecting and a drone-based aerial magnetic survey will be conducted at Rogue to solidify targets for a first-ever diamond drill program in the Valley and/or Gracie zones.
Figure 2 – Quartz textures at Jupiter indicate gold deposition at a shallow crustal level, with multiple pulses of mineralizing fluid flow. A) Overgrown blading texture in quartz, possibly after calcite, which would indicate fluid boiling. Float sample ER1916 – 6.78 g/t Au. B) Banded, fine-grained arsenopyrite gives an almost colloform appearance. Float sample ER1942 – 3.1 g/t Au. C) Ankeritic brecciation of milky quartz with chalcedonic veinlets. Float sample ER1922 – 0.8 g/t Au. Similar texture with more sulphides (float sample ER1923) returned 7.38 g/t Au D) Bladed siderite and euhedral quartz filling an open space in a high-level vein. Subcrop sample ER1950 – Au below detection.
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 property that does 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, with drilling expected to commence in June 2021. 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.
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.
3,000 metre drill program at Einarson and Rogue to test high-grade gold targets, up to 152 g/t Au from historical surface sampling
Complementary district exploration to advance regional targets
COVID-19 isolation plan in place and approved by the Yukon Government
Exploration set to commence first week of June 2021
Vancouver, B.C., May 25, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased announce that its fully funded 2021 exploration program is set to commence the first week of June. Exploration will focus on its flagship Einarson and Rogue projects in the Selwyn Basin, Yukon Territory, with targeted programs at its regional assets. Discovery-stage drilling at Einarson and Rogue is designed to follow up multiple zones of high-grade gold found on surface (up to 34 g/t Au at Einarson & up to 152 g/t Au at Rogue). Geological programmes will also include the assessment of structural and lithological controls on mineralization in the region. Snowline is targeting an initial programme of 3,000 metres of drilling across Einarson and Rogue.
Snowline’s COVID-19 operational plan has been approved by the Yukon Government and will safeguard Snowline’s employees, its service providers, and the Yukon communities in which it operates. The company has also been awarded a $40,000 grant from the Yukon Government to support its initial exploration of the nearby Ursa project.
“We have a lot to look forward to this season,” said Nikolas Matysek, CEO and Director of Snowline Gold. “Our initial exploration campaign is set to test some very low hanging fruit, including some previously untested areas. We’re excited to put the initial drill holes in at Einarson’s “Mars NE” zone and Rogue’s “Valley” zone, both of which have significant potential.”
“Limited exploration to date in the broader Rogue, Einarson and Ursa area has focused largely on constrained targets and deposit models,” added Scott Berdahl, Snowline Gold’s COO. “At Snowline we’ve recognized the potential for a continuum of near-surface gold deposit types across these three adjacent Selwyn Basin projects. Possible end-member analogues include some of the world’s better-known districts and deposits, like Nevada’s Carlin trend and Australia’s Fosterville and Bendigo districts for Einarson, Alaska’s Fort Knox deposit for Rogue, and Russia’s Sukhoi Log deposit for Ursa.”
Einarson
Einarson encompasses multiple kilometres-scale soil and stream sediment anomalies in carbonate and siliciclastic stratigraphy prospective for Carlin-type and epizonal orogenic gold deposits within a 61,000 hectare regional-scale property. The 2021 drill program will test the Mars NE zone, a 3-kilometre zone of anomalous gold in soils accompanied by at least three interpreted source areas for mineralized quartz float, which commonly assays in the range of 1 to 7 g/t Au, up to a maximum of 25 g/t Au. Early season geochemical, drone surveying, trenching and mapping work at Mars NE will allow for efficient use of the drill and increase the odds of a successful drill discovery.
Additional mapping and sampling will aim to identify the source area for another mineralized quartz float train in the Avalanche Creek zone, discovered in late 2020 roughly 12 kilometers south of Mars NE along strike of a regional fault structure. Twenty-two grab samples of the float train averaged 7.8 g/t Au and graded up to 34.2 g/t Au.
Regional prospecting will seek to identify other instances of this newly-identified style of shallow orogenic mineralization along this relatively unexplored trend, and along adjacent, parallel regional fault structures and anticlines that could host similar mineralization.
Figure 2 – Historical sampling results at the central “Arrowhead” block of the Rogue project. At the Valley target, visible gold has been identified in near-source float specimens grading to 152 g/t Au. The intrusion in the Valley zone was recently discovered and has yet to be fully mapped to the south. The buried intrusion in the Gracie zone is suspected based on rock alteration and geophysical response but has not yet been confirmed by drilling.
Rogue
At the 11,000 hectare Rogue project, grid and contour geochemical sampling is planned to infill data gaps at the Valley zone, prior to the commencement of drilling later in the summer where surface grab samples with visible gold have assayed up to 152 g/t Au and – distal to the visible gold and other known showings—a single soil line yielded a gold-in-soil value of 4.6 g/t Au. Drone supported, high-resolution orthophotography and digital elevation model generation will provide a baseline for mapping and geochemical sampling. A second drone survey will provide detailed magnetic information over the Valley zone, providing the 3D geometry of the intrusion and associated alteration below the surface. All of the above will be used for targeting of first-pass drilling in the Valley zone.
Contour soil sampling, prospecting and geological mapping will be performed across the greater Valley-Gracie trend, and on secondary claim blocks, to assess for additional targets. If conditions permit, a broader drone-supported aerial magnetic survey will extend from the Valley zone to include the Gracie zone and the remainder of a prominent 9-kilometer east-west trend of hornfels connecting the zones.
Figure 2 – Historical sampling results at the central “Arrowhead” block of the Rogue project. At the Valley target, visible gold has been identified in near-source float specimens grading to 152 g/t Au. The intrusion in the Valley zone was recently discovered and has yet to be fully mapped to the south. The buried intrusion in the Gracie zone is suspected based on rock alteration and geophysical response but has not yet been confirmed by drilling.
Ursa
The 7,755 hectare Ursa property covers two distinct geochemical trends: a 9 km-long trend of elevated to anomalous gold in stream sediment and soil samples, and a roughly parallel 14 km-long trend of elevated to highly anomalous zinc accompanied by elevated silver, copper, molybdenum, nickel and vanadium. Ursa’s proximity to Snowline’s flagship Rogue and Einarson projects allows for efficient exploration during the 2021 field season. Geochemical sampling, prospecting and mapping are planned to better understand the sources of the gold and base metal anomalies. Based on these results, geophysical surveying, surface trenching and initial drill testing may be conducted later in the season. The 2021 program at Ursa will be supported in part by a $40,000 exploration grant from the Yukon Government.
Tosh
The 3,700 hectare Tosh Project, located in the southwestern Yukon, bears many hallmarks of a significant orogenic gold camp. Host rocks are high-strain schists and intercalated marbles of the Yukon Tanana terrane. In 2021 at Tosh, Snowline plans to advance existing and regional targets with detailed stream sediment and soil surveys. Geophysical surveying and geological mapping further contribute to the establishment of definite drill targets.
Other Projects
Targeted geological programs at Snowline’s other assets including the Cliff, Rainbow and Cynthia projects, will serve to advance our understanding of mineralizing systems with the goal of advancing these projects to a drill-ready stage.
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 purpose of NI 43-101. Mr. Berdahl has visited and sampled all target zones mentioned in this release, apart from the base metal target at Ursa, where he nonetheless planned and oversaw a large soils survey in 2013.
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, with drilling expected to commence in June 2021. 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.
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.
Separate, 14 kilometre multi-element silver and base metal trend with stream sediments to 3.4% Zn
Vancouver, B.C., May 13, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to introduce its 100% owned, 7,755 hectare Ursa gold and base metals project in the Selwyn Basin, Yukon Territory. Ursa covers two distinct geochemical trends: a 9 km trend of elevated to anomalous gold in stream sediment and soil samples, and a roughly parallel 14 km trend of elevated to highly anomalous zinc accompanied by elevated silver, copper, molybdenum, nickel and vanadium. The Selwyn Basin is home to world-class base metal districts such as Howard’s Pass (423 Mt @ 4.8% Zn, 1.6% Pb1) and the Anvil district (120 Mt @ 5.6% Zn, 3.7% Pb, 45 g/t Ag2), both in similar stratigraphy to that of Ursa, and it is an important host to several types of gold deposit.
“Ursa adds a new dimension to Snowline’s exploration story,” said Scott Berdahl, Director and Chief Operating Officer at Snowline Gold. “The project covers two unique new target types in our prospective corner of the Selwyn Basin, each demonstrating a very large-scale mineralizing system. Although they are early stage, the proximity of Ursa to our flagship Rogue and Einarson exploration programs affords us an opportunity to efficiently test the potential of these big, blue-sky concepts.”
Gold Target
The east side of the Ursa property covers a 9-kilometer 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. No major carbonate units were encountered, but subsequent analysis of field data by Snowline’s technical team determined that Ursa’s geological setting is similar to Russia’s Sukhoi Log deposit (67 Moz Au at 1.9 g/t3), in which gold is hosted in pyritic nodules and masses. 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.
Base Metal Target
The west side of the Ursa property covers a 14-kilometer 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. Concentrations of up to 0.48% Ni, up to 0.18% Cu and up to 118.5 ppm Mo were also returned by this stream sediment sampling along the trend. Historic, first-pass contour soil sampling along a subsection of the trend revealed a zone 500 m to 1,500 m wide along the length of the 6.7-kilometer subsection wherein soils consistently exceed 5 g/t Ag. A 2.7 kilometer-long, 43-sample contour soil line within this subsection had a median concentration of 14.8 g/t (0.43 oz/ton) silver.
2021 Exploration
Ursa’s proximity to Snowline’s flagship Rogue and Einarson projects allows for efficient exploration during the 2021 field season. Geochemical sampling, prospecting and mapping are planned to better understand the sources of the gold and base metal anomalies. Based on these results, geophysical surveying, surface trenching and initial drill testing may be conducted later in the season.
Figure 1: The 100%-owned Ursa project covers roughly 7,755 hectares in the Selwyn Basin and is within 20 kilometers of exploration targets on Snowline’s adjacent Rogue and Einarson properties.Figure 2: The northeast half of the Ursa project covers a broad zone of elevated to anomalous gold in historic stream sediment samples (gold triangles) and soil samples (gold circles) following a tightly folded anticlinorium along 9 km. The southwest half of Ursa covers a pronounced multi-element silver and base metal anomaly in a synclinorium in the footwall of the regional Elmer Creek thrust fault across 14 km. Zinc concentrations in historic stream sediments (pink triangles) consistently exceed 0.1% Zn along the trend, with 8 sites exceeding 1% Zn to a maximum of 3.4% Zn. Historic, first pass soil sampling confirmed the multi-element anomaly and returned silver concentrations (white/grey circles) commonly in excess of 5 g/t Ag, to a maximum of 26 g/t Ag, along nearly 7 km of the trend and across a 500 m to 1,500 m width. Historic data in the figure are partitioned to show gold values in the northeast and zinc/silver values in the southwest.
1 Source: Yukon Minfile 105I 068, combined indicated and inferred global resource.
3 Source: Polyus website, measured, indicated and inferred resources for Sukhoi Log.
Resource figures presented are based on publicly available information and have not been verified by Snowline. They should not be interpreted as direct evidence that similar deposits exist on the Ursa property.
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 purpose of NI 43-101. Berdahl oversaw soil sampling on the western side of the current Ursa property in 2013 and conducted a small prospecting program on the eastern side in 2008 which identified gold-bearing pyrite nodules. While he has not directly verified additional geochemical results, they appear to have been collected following industry best practices and are thus likely reliable as a general indicator of geochemical anomalism for early-stage exploration.
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, with drilling expected to commence in mid-2021. 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.
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.
Dr. Hart is the past Director of the Mineral Deposit Research Unit at the University of British Columbia where he led industry-sponsored mineral exploration research
Hart was a founding geologist of the Yukon Geological Survey and former head of its Mineral Services Division
Shareholders approved all matters set out at Snowline Annual General Meeting
Vancouver, B.C., May 5, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US Pink Sheets: SNWGF) (the “Company” or “Snowline”) is pleased to announce it has appointed Dr. Craig Hart as Chairman of the Board. Dr. Hart was most recently Director of MDRU-Mineral Deposit Research Unit at the University of British Columbia (UBC) where for 11 years he facilitated industry-sponsored mineral exploration research and training projects on regional metallogeny, gold and porphyry copper systems, and the development of innovative exploration methods. At MDRU and during a previous tenure with the Yukon geological survey, Dr. Hart played a leading role in developing gold deposit models that are highly relevant to Snowline’s project portfolio.
Snowline is also pleased to announce that all matters submitted to the shareholders as set out in the Company’s Notice of Meeting and Information Circular which were mailed to shareholders in connection with the meeting were approved at the Company’s Annual General held virtually, on May 4, 2021.
Craig Hart commented, “I’m excited to join Snowline’s board as Chairman to further develop our company as we explore our flagship Einarson and Rogue projects in the Selwyn Basin, Yukon Territory. There is a ton of talent and enthusiasm in the team, and combined with the exciting project portfolio, I’m confident that we will make significant advances on several properties during the upcoming exploration season.”
While at UBC, Dr. Hart raised over $20M to support research and training of more than 40 graduate students and 20 senior researchers. He was a founding geologist at the Yukon Geological Survey where for 14 years where he undertook regional mapping and metallogenic surveys, and eventually became the Manager of the Mineral Services Division. He was a Top 5 finisher and Audience Choice winner at the Integra Gold Rush Challenge (2016), a Boldy Award winner by the Geological Association of Canada (2005), the Distinguished Lecturer for the Society of Exploration Geologists (2011), and was recently awarded as Distinguished Lecturer by the Canadian Institute of Mining (2021). Craig has degrees from McMaster University (BSc 1986), UBC (MSc 1995) and UWA (PhD 2005). Despite his global activities, he continued to have active projects in the Yukon and now has almost 40 Yukon field seasons under his belt.
The shareholders elected Nikolas Matysek, J. Scott Berdahl, Sarah Weber, Gunther Roehlig, and Craig Hart as directors of the company for the following year.
Shareholder also voted to increase the number of board seats to 5 to accommodate Craig Hart and to reappoint Hay & Watson, Chartered Professional Accountants as the auditor of the Company for the ensuing year with their remuneration to be fixed by the board of directors.
Neither the Canadian Securities Exchange nor it’s Regulation Services Provider (as that term is defined in the CSE policies) accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.
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.
Added 18,864 hectares of mineral claims across 4 existing projects
Expands total land position to roughly 90,000 hectares in the Yukon
Cements cornerstone position in the metal-rich Selwyn Basin
Vancouver, B.C., April 28, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (US Pink Sheets: SNWGF) (the “Company” or “Snowline”) is pleased to announce it has staked additional claims, significantly expanding its land position around its 100% owned Rogue, Rainbow, Cynthia, and Ursa projects in the east central Yukon. In total, 782 new claims were staked for an additional 18,864 hectares. This brings Snowline’s mineral tenure in the Yukon to 89,724 hectares across its 7 projects. The new claims were strategically staked to cover structures, trends, and gold anomalies that extended beyond the bounds of its original holdings. The enhanced land position cements Snowline’s cornerstone position in an emerging gold district in the prospective Selwyn Basin.
“Snowline launched with seven high quality exploration projects throughout the Yukon and an extensive privately owned exploration database built over decades” said the Company’s Chief Executive Office Nikolas Matysek. “A comprehensive geological review led by Dr. Quinton Hennigh and Dr. Craig Hart determined that the bulk of Snowline’s properties may only cover the tip of the iceberg. This new staking has expanded Rogue, Rainbow, Cynthia, and Ursa’s footprint to better cover high priority exploration targets and to cement Snowline’s cornerstone position in the Selwyn Basin.”
Rogue
Recent staking has expanded the Rogue Project by 4.6 times to 11,227 hectares covering high priority gold targets that Snowline is intending to further explore in the upcoming season.
Snowline’s mineral tenure at Rogue was significantly increased with the staking of 321 new claims in three blocks—Arrowhead, Old Cabin and JP—targeting reduced intrusion related gold systems associated with members of the Cretaceous-aged Tombstone Plutonic Suite.
Holdings around the project’s primary Valley and Gracie targets on the Arrowhead block were increased by 117 claims (2,422 ha) to better cover the existing target zones and to secure prospective areas in their vicinity. Historical geochemical sampling by previous operators included two drainages downstream of the newly-staked ground with reported gold-in-silt concentrations of 160 and 100 parts per billion gold. Elsewhere, a soil sample returned 1.32 grams per tonne gold where an inferred fault striking north northeast from the Gracie zone crosses a contour soil sampling line, some 3.5 km northeast of the central Gracie target area.
An additional large block, Old Cabin, comprising 176 new claims (3,569 ha) was staked to connect and expand claim holdings over a suspected buried intrusive stock inferred from a small (roughly 200 m) granodiorite plug within a 2 x 4 km magnetic anomaly. Historical grab samples within this zone include quartz vein material assaying 8.7 g/t Au, and sulphide-rich skarn assaying 5.3 g/t Au. Elsewhere on the block, historical grab samples of quartz vein material have assayed up to 10.0 g/t Au. Streams draining the claim block consistently returned values in the hundreds of parts per billion gold., One particular stream draining from the magnetic anomaly returned gold-in-sediment values ranging from 233 to 1150 ppb Au. It is thought that a buried intrusion at Old Cabin could have an intact carapace at its top, with increased potential to host a significant reduced-intrusion-related gold deposit.
The third block, JP, comprises 28 new claims (563 ha) above and around a 900 by 600 m exposure of an intrusive stock 7 km southwest of the Valley target. Historical sampling found subparallel gold-bearing quartz veins averaging 2 cm in width within and adjacent to the intrusion, commonly assaying between 1 and 4 g/t Au with samples up to 36.0 g/t Au.
Rainbow
Recent staking has expanded the Rainbow Project 10 times, now totalling 1,255 hectares.
Rainbow covers a gold and pathfinder element soil anomaly associated with surface alteration caused by a recently discovered intrusion. Staking expands the property to include parts of the historical soil anomaly previously outside its boundaries, including a northwest zone with anomalous gold in soils to 0.93 g/t Au, silver in soils exceeding a 100 g/t Ag assay limit, and anomalous bismuth, tungsten and antimony. The new land position also covers a 3 km magnetic signature extending eastward from the soil anomaly.
Cynthia
Recent staking has expanded the Cynthia Project 6 times, now totalling 1,399 hectares.
Cynthia covers an area of gold mineralization between two adjacent exposures of a Cretaceous Tombstone suite intrusion. Mineralization is controlled by district-scale fault zones and is especially intense in the central part of the project. Surface grab samples in these zones commonly assay from 200 ppb to 3 grams per tonne gold, with values up to 16 g/t Au in a central zone. Cynthia is along strike of the past producing Plata silver mine, and is within 8 km of an inactive heavy equipment winter access trail that connects to the North Canol Road.
This staking gives secures a wider margin around known mineralized zones, and covers additional prospective ground on the altered shoulders of two intrusive exposures.
Ursa
Recent staking has expanded the Ursa Project 54 times, now totalling 7,755 hectares.
Ursa cover a 9 km trend of anomalous gold in stream sediment and soil samples, thought to be associated with sulphide minerals hosted in tightly folded Cambrian and Ordovician shales and cherts. Ursa also hosts a separate, 14 km-long trend of elevated to highly anomalous zinc along with elevated silver, copper, molybdenum, nickel and vanadium, thought to be associated with Devonian age enriched black shales.
It should be noted that all exploration results discussed above are historical in nature. Most sampling has been performed within the past 10 years following standard industry practices, and while specific results have yet to be independently verified by Snowline, the Company has no reason to suspect the data are not reliable as general indicators of exploration potential.
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 purpose of NI 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, with drilling expected to commence in mid-2021. 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.
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.
2×2 km zone of alteration, veining and elevated gold geochemistry between two Tombstone suite intrusions presents a bulk tonnage gold target with potential for high grade structural zones
Grab samples within the mineralized structures range from 200 ppb to 3.0 g/t Au, with results up to16 g/t Au
Historical first pass drilling returned encouraging results including 1.2 g/t Au over 6.5 m.
Vancouver, B.C., April 20, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to introduce its 100% owned, 710 hectare Cynthia Gold Project located in the Selwyn Basin, eastern Yukon Territory. The Cynthia claims cover a 4 square kilometre area of gold mineralization between two adjacent exposures of a Cretaceous Tombstone suite intrusion. Mineralization is controlled by district-scale fault zones and is especially intense in the central part of the project. Surface grab samples in these zones commonly assay from 200 ppb to 3 grams per tonne gold, with values up to 16 g/t Au in a central zone. Cynthia is along strike of the past producing Plata silver mine, and is within 8 km of an inactive heavy equipment winter access trail that connects to the North Canol Road.
Cynthia is interpreted to have both bulk-tonnage and high grade, structurally-controlled exploration potential . Historical first pass drilling in 2010 returned broad zones of elevated gold associated with extensive quartz veining and stockwork, including 1.2 g/t Au over 6.5 m within a broader interval of 0.43 g/t Au over 32 m (drilled widths given, true widths unknown). Approximattely 1,100 m of historical drilling was completed on the property in 7 holes.
“The scale of anomalous gold values and accompanying alteration at Cynthia is hard to ignore,” said Scott Berdahl, COO and Director of Snowline Gold Corp. “Given its proximity to our flagship Rogue project and its associated dataset, we have the opportunity to assess historical results at Cynthia in regional context and to advance exploration at relatively low cost. The mineralization itself lends further weight to our interpretation of the broader Rogue-Einarson area as a potential new gold district.”
Snowline is reviewing the complete project portfolio it acquired from 18526 Yukon Inc. in late February 2021 and is focused on prioritizing exploration to maximize shareholder value. Specifically, it is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements.
Project Geology
The Cynthia property is located between two Cretaceous quartz monzonite stocks in a zone of variably folded and faulted, late Paleozoic Selwyn Basin passive margin sedimentary rocks.
The two stocks are thought to be apophyses of a larger intrusion at depth. Adjacent sedimentary rocks have undergone intense hornfelsing, with abundant pyrite and pyrrhotite.
Two prominent structural zones intersect in the saddle zone between the intrusions. These structures host gold-bearing massive and drusy quartz veins. Within the intersection zone are zones of intense stockwork and strong brecciation, as well as numerous felsic dykes. Multi-staged gold mineralization in the quartz veins, stockwork and altered quartz porphyry dykes include sulphide minerals (mainly pyrite and arsenopyrite) and elevated As, Bi and Ag values. Abundant chalcedony accompanied by elevated Sb, Hg, Ag and Pb values has been variously interpreted by historical operators to represent a late-stage epithermal gold environment, or to represent an earlier sedex-style mineralizing event.
A program of geological mapping, historical core review, drone surveying and geochemical sampling is planned to put historical results in context and to establish a drilling strategy for the project.
Qualified Person
The technical information contained in this news release is based primarily on historical data collected by previous operators that has not been directly verified by Snowline. It is believed to be reliable as an indicator of the Cynthia project’s overall potential as an early-stage gold prospect. Note that rock grab samples are selective in nature and do not necessarily reflect overall grades of the mineralized system.
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 purpose of NI 43-101. Mr. Berdahl last visited the Cynthia property in July 2009.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 70,000 ha. The Company is exploring its flagship 64,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. 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.
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.
Geochemical anomaly suggests the presence of a deep-seated intrusion-related gold system, potentially analogous to Victoria Gold’s Eagle or Kinross’ Fort Knox deposits
Ground magnetics reveal alteration signature across 3 x 2 kilometre area
Prospecting grab samples to 7.98 g/t Au, shear zones to 4.1 g/t Au
Vancouver, B.C., April 13, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to provide additional detail on its 100% owned, 125 hectare Rainbow Gold Project, located within the Tintina Gold Belt. The Rainbow project covers a gold and pathfinder element soil anomaly associated with surface alteration caused by a recently discovered intrusion, thought to belong to the mid-Cretaceous Tombstone Plutonic Suite. Other Tombstone-related gold deposits within the Tintina Gold Belt include Fort Knox (~11 million ounces Au), and Eagle (~4.8 million ounces Au).
“The Rainbow Gold Project is another key element in Snowline’s Yukon-focused asset portfolio. The sampling and geophysics to date indicate we may be on top of a prospective intrusion like the types associated with other large deposits in the Tintina Gold Belt” said Nikolas Matysek, Chief Executive Officer of Snowline. “Historical work has established a clear deposit thesis that we will move to validate this season.”
Snowline is reviewing the complete project portfolio it acquired from a private vendor and is focused on planning and prioritizing its exploration to maximize shareholder value. Specifically, it is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements.
Project Geology
Grid soil geochemistry completed over the property revealed a 1 km by 300 m zone of high gold values (to 1.27 g/t) accompanied by anomalous bismuth, tellurium and tungsten flanked by zones of anomalous arsenic, antimony and silver (see Figure 1). This geochemical anomaly corresponds to the eroded edge of a 3×2 kilometre magnetic anomaly. Prospecting returned shear-hosted sulphide-bearing outcrop samples grading 4.1 g/t Au and locally-derived angular quartz float samples running 7.98 g/t Au. The magnetic anomaly reveals the potential size of the alteration system, and stream geochemistry anomalies that are 2.5 kilometres from the soil anomaly suggests that mineralizing fluids may have travelled at a similar scale.
A program of drone surveying, geochemical sampling and structural mapping is planned to establish suitable drill targets on the Rainbow property.
Figure 1: Intense, zoned, multi-element soil anomaly associated with eroded exposures of a hornfelsed zone around newly-discovered intrusive rocks at Rainbow. High spatial correlation between gold and bismuth, with anomalous antimony and arsenic peripheral to the gold zone is similar to zoning observed in known reduced intrusion related gold systems such as Kinross Gold’s Ft. Knox deposit in Alaska.
Figure 1: Intense, zoned, multi-element soil anomaly associated with eroded exposures of a hornfelsed zone around newly-discovered intrusive rocks at Rainbow. High spatial correlation between gold and bismuth, with anomalous antimony and arsenic peripheral to the gold zone is similar to zoning observed in known reduced intrusion related gold systems such as Kinross Gold’s Ft. Knox deposit in Alaska.
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.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 70,000 ha. The Company is exploring its flagship 64,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. 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 to Newmont’s Coffee. Snowline’s first-mover claim position presents 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
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.
Cliff Gold Project expanded 4.5-fold to 2,724 hectares to cover an additional 3 target areas
Tosh Gold Project expanded 2.3-fold to 3,700 hectares to connect zones of gold mineralization along known structural trends
Vancouver, B.C., March 30, 2021 SNOWLINE GOLD CORP. (CSE: SGD) (the “Company” or “Snowline”) is pleased to announce it has staked additional claims around the Cliff and Tosh Gold Projects, expanding them by 2,121 hectares and 2,069 hectares, respectively. The new claims consolidate the land positions at each project and cover additional prospective zones with historical elevated gold-in-soil sampling results.
“We are excited to have consolidated Snowline’s position around the Cliff and Tosh projects,” said the Company’s Chief Executive Office Nikolas Matysek, “Our expanded claims now fully cover all of the high-priority targets, as well as prospective adjacent ground, identified by earlier prospecting. Snowline has developed a diversified portfolio of gold projects throughout the Yukon, and we will examine all our options as we continue to advance our portfolio of projects this summer.”
The Cliff Project
Snowline has staked 102 new claims around the Company’s Cliff Gold Project located in southwestern Yukon’s Ruby Range placer gold district (see March 16, 2021 release – Snowline Gold Corp. Introduces 100% Owned Cliff Gold Project for additional information). The total size of the Cliff Project has been expanded by 2,121 hectares to a new total of 2,724 hectares. The new claims provide better coverage around the main “Cliff” zone, including a major fault zone downslope from the target. The new staking also covers three additional target areas:
The “Hi” zone is a 1.4 km long zone of elevated soils and talus fines over an exposure of the Ruby Range batholith. Eighteen of 44 historical soil samples in this area returned values above 40 ppb Au, to a maximum of 6.8 g/t Au.
The “Strike” zone is a 1.5 x 1.5 km area with variably anomalous gold and arsenic in historical soils and talus fines to a maximum concentration of 1.26 g/t Au along the contact of the Kluane schist and the Ruby Range batholith.
The “Spruce” zone has historic stream sediment samples up to 0.46 g/t Au that are downslope from soil samples up to 0.5 g/t Au.
Planned follow-up in 2021 will include detailed mapping and prospecting.
The Tosh Project
The Company has staked 99 new claims around the Tosh Gold Project in the southwestern Yukon, which is located in a geological and structural setting similar to Newmont’s Coffee deposits (see March 23, 2021 release – Snowline Gold Corp. Introduces 100% Owned Tosh Gold Project for additional information). The total size of the Tosh Project has been expanded by 2,069 hectare to a new total of 3,700 hectares. The new staking connects high priority target areas into a single claim block. The larger claim position allows for the first detailed systematic look at the mineralizing system and better coverage along strike of kilometre-scale mineralized trends.
At Tosh, Snowline is gearing up for regional assessment and advancing existing targets in 2021. The regional assessment will be done through detailed stream sediment surveys. Geophysical surveying and geological mapping will guide target advancement.
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.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a 7-project portfolio covering over 70,000 ha. The Company is exploring its flagship 64,000 Ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021. 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 to Newmont’s Coffee. Snowline’s first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system.
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.
