Author: Stephanie Hansen

SNOWLINE GOLD FURTHER STRENGTHENS ITS MANAGEMENT TEAM

  • Sergio Gamonal, most recently Chile Exploration Manager for Barrick, joins as Snowline’s Lead Geologist
  • Stephanie Hansen, marketing specialist, joins as Snowline’s Marketing and Investor Relations Manager

Vancouver, B.C., April 19, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce updates to the Company’s management team, with the recent appointments of Sergio Gamonal as Lead Geologist and Stephanie Hansen as Marketing and Investor Relations Manager.

Sergio Gamonal brings over 15 years’ exploration experience to the Company, having held senior roles at major mining companies Barrick and Kinross. Most recently, he served as country Exploration Manager for Argentina and then Chile with Barrick Gold, where he led the development of a robust pipeline of early to advanced stage gold targets throughout the Andes. Prior to this, he spent over 10 years with Kinross in the roles of Senior Specialized Geologist and Exploration Geologist, integrating geological and geochemical datasets with assessment and exploratory fieldwork at project sites in Russia, Africa, and South America. Mr. Gamonal holds an M.Sc. in Geology from the Mineral Deposit Research Unit at the University of British Columbia.

“I am very excited to join a team of discovery-driven, highly motivated and passionate people at Snowline focused on advancing a unique and unexplored gold camp in the Yukon,” said Mr. Gamonal, Lead Geologist at Snowline. “The diversity of mineralization styles among Snowline’s recent discoveries and regional targets is especially compelling as is it a sign of a fertile district capable of producing world-class gold deposits.”

Mr. Gamonal joins Thomas Branson, MSc, PGeo, Exploration Manager and Steve Rennalls, Operations Manager at Snowline to round out a highly capable management team focused on efficient project advancement and target prioritization while following best practices in geoscience and operations.

Stephanie Hansen brings nearly 10 years’ marketing experience to Snowline from a variety of industries. She will lead Snowline’s major marketing, branding and communication initiatives as the Company shares its story and discoveries with investors, community and government alongside widening domestic and global audiences.

Stated Ms. Hansen, Marketing and IR Manager at Snowline: “Snowline is a distinctive new entity in the junior space, and I am thrilled to be a part of it. The company has a story to tell, and there is immense value to unlock in bringing that story to the majority of the mining investment audience that has not yet heard of Snowline nor its discoveries.”

“A good exploration company is built as much on the strength of its projects as it is on the strength of its people,” said Scott Berdahl, CEO and Director of Snowline. “We are excited to welcome Sergio Gamonal and Stephanie Hansen to the Snowline team. Sergio’s geological expertise is an excellent complement to Snowline’s strong technical team, and his experience working in the development arms of major gold mining companies brings a valuable perspective as we prioritize and advance a new gold district. Stephanie’s drive and experience will build value for the company as we communicate our progress and bring our story to the world. With these pieces in place, we are even more excited to kick off our rapidly approaching 2022 field season.”

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.

SNOWLINE GOLD LOCATES 5.1 KM LONG TREND OF ANOMALOUS GOLD-IN-SOILS GRADING TO 1.7 G/T AU AT GRACIE, ROGUE PROJECT, YUKON

  • 5.1 km zone of anomalous gold values found in soil and talus fine samples at Gracie
  • 43 soil samples from a 1,600 x 800 m central area average 0.49 g/t Au, with 8 samples >1 g/t Au
  • Zone underlain and adjacent to probable unexposed intrusion only 4 km from Snowline’s 2021 “Valley” discovery
  • Intact carapace at top of intrusion presents high priority drill target for 2022.

Vancouver, B.C., April 7, 2022: SNOWLINE GOLD CORP. (CSE: SGD) (US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to provide an update on generative exploration results from its Rogue project in the Yukon Territory, Canada. Geochemical assay results received from late season 2021 contour soil and talus fine sampling reveal a large zone of anomalous gold values to 1.71 g/t Au on top of and around a probable, near-surface, gold-bearing intrusion at the Company’s Gracie target.

Figure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling performed late in the 2021 field season Figure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling p erformed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values of up to 1.71 g/t Au from talus fines at Gracie. Dashed blue ovals indicate zones of anomalous rFigure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling p erformed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values oFigure 1 – Soil, talus fine and rock geochemical results from Snowline’s Rogue project on top of ZTEM electromagnetic survey results. Surface sampling p erformed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values of up to 1.71 g/t Au from talus fines at Gracie. Dashed blue ovals indicate zones of anomalous results. Samples from the central zone have an average of 0.49 g/t. North and south zones of anomalous gold values are along stratigraphic and structural trend with the unexposed intrusion. The Valley intrusion and suspected Gracie intrusion are expressed in in the ZTEM image as cooler colours representing relative electrical resistors, consistent with other known intrusions in the survey area.

“These results add to strong evidence that Gracie could host a large and fertile reduced-intrusion related gold system,” said Scott Berdahl, CEO and director of Snowline. “What excites us about this—beyond the potential to duplicate our Valley discovery—is that the intrusion at Gracie hasn’t been exposed by erosion. These gold systems can be most prospective at the very top of an intrusion, where initial cooling of the edges creates a brittle carapace that fractures to accommodate later gold bearing fluids. An intact carapace at Gracie thus makes for a compelling exploration target adjacent and complementary to the Company’s 2021 Valley and Ridge discoveries.”

Figure 2 – Simplified schematic cut-away of Valley and Gracie subsurface geology. The large Au-Bi-Te geochemical anomaly and accompanying ZTEM geophysical patterns indicate the presence of a Cretaceous aged felsic intrusion (pink) with a related gold mineralizing system in the brittle carapace at the top of the intrusion (red). Fracture arrays that preferentially develop in the carapace are receptive hosts for gold-bearing fluids that form sheeted quartz vein arrays (gold lines). An intact mineralized carapace thus makes for an attractive exploration target.

Anomalous gold in soil samples up to 1.71 g/t Au were returned from 5.1 kilometers along a north-south trending ridge. All 43 samples within a central area roughly 1,600 m long by 800 m wide area averaged 0.49 g/t Au, with 8 results >1 g/t Au (Figure 3). Gold values in this core area have elevated bismuth (up to 287 ppm) and tellurium (up to 7 ppm) – a geochemical signature that is the same as Snowline’s Valley zone and is similar to other reduced-intrusion related gold systems.

Limited historical surface work at Gracie yielded mineralized rock samples in outcrop and float, with values of up to 57.0 g/t Au (quartz sulphide vein float). Prospecting by Snowline personnel in 2021 returned float grab samples of up to 6.9 g/t Au. Regional airborne z-tipper axis aeromagnetic (ZTEM) data from 2008 over the Gracie target area are resistive and indicate a felsic intrusion with hornfels country rock exposed on the surface and surrounding the intrusion (Figure 1). These geophysical results are consistent with initial observations of the Gracie target area and will be further verified by the Company.

Figure 3 – Soil and rock assay results from the core of the Gracie zone. Soil samples from within a 1,600 by 800 m area above the site of a suspected buried intrusion returned highly anomalous gold, bismuth and tellurium values, indicating an affinity to an intrusive source. The precise location and the depth to the top of the suspected causative intrusion have yet to be established.

Given the steep, rocky terrain and poor soil development (Figure 4), many soil samples from the Gracie area are classified as talus fines. Talus fines samples are produced by mechanical weathering of rocks are less modified by chemical weathering than typical soils. Some elements in talus fine samples may have stronger geochemical responses than soils from over a bedrock geochemical anomaly. Talus fine samples are also more susceptible to a sampling bias wherein more easily weathered mineralized zones, such as sulphide-rich veins, can contribute a larger portion of the talus fine sediment load than the more durable and relatively barren country rock, resulting in a concentration of associated elements like gold.

Figure 4 – Photograph of a gossanous ridge in the Gracie Zone, produced by oxidation of high-temperature hydrothermal alteration. Such alteration is presumably caused by a fertile sibling intrusion to the Valley stock present beneath Gracie. “Soil” samples collected from such areas are denotes as talus fines, as there is generally little to no development of a typical soil profile.

EXPLORATION PLANS

The proximity of Gracie to Snowline’s Valley zone, some 4 kilometers to the west, makes for convenient and cost-effective exploration in light of the Company’s planned 3,000 m drill program at Valley in 2022. Expansion of the 2021 Valley zone aeromagnetic survey is planned for coverage of the Gracie zone and the broader claim block using a helicopter-borne geophysics system. Additional surface sampling and geological mapping at Gracie will provide further context for magnetic and geochemical results to assist potential drill targeting.

ABOUT ROGUE

Snowline’s 100%-owned Rogue property covers over 11,000 hectares in three main claim blocks. Each claim block covers one or more Cretaceous-aged intrusions of the Mayo plutonic suite – these are highly prospective for bulk-tonnage, reduced intrusion related gold systems (RIRGS). A first-pass 800 m drill program completed in September 2021 targeted bulk tonnage sheeted quartz vein arrays and resulted in the drill discovery of the Valley zone with intersections of up to 1.25 g/t Au over 168.7 m (Table 1). Late-season contour soil sampling near the Valley zone revealed a second anomalous region associated with sheeted vein arrays along the northeastern edge of the Valley stock known as the Ridge Zone (See Snowline’s March 10, 2022 Press Release).

*Table 1 – Previously announced drill intervals from the Valley zone on Snowline’s Rogue project. *Interval widths reported; at this point there is insufficient data to reliably estimate true widths.
Figure 5 – Gracie zone location map in relation to surrounding Snowline Gold Corp. projects. Two significant drill discoveries made in Snowline’s first two drill programs (Jupiter and Valley) highlight the fertility of the district and the prospectivity of the Company’s additional targets, including Gracie.

STOCK OPTIONS

The Company also announces that the Board of Directors has granted a total of 350,000 incentive stock options to various employees of the Company in connection with recent appointments. The options are exercisable for one share each at $0.80 per share for a period of five years from March 8, 2022 and are subject to the terms of the Company’s Stock Option Plan. Options are subject to vesting provisions of 20% every six months from the date of the grant.

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.

SNOWLINE GOLD EXPANDS VALLEY GOLD MINERALIZATION TO >2 KM WITH DISCOVERY OF RIDGE ZONE ON ITS ROGUE PROJECT, YUKON

  • Snowline has discovered the “Ridge” zone, a 1.0 km stretch of anomalous gold in soils, talus fines and rock samples on the northeast shoulder of the Valley intrusion
  • Gold-bearing sheeted quartz veins within this new zone similar are to those hosting Snowline’s 2021 Valley drill discoveries
  • Ridge zone significantly increases bulk-tonnage scale potential and further demonstrates fertility of the Valley intrusion.
  • Vancouver, B.C., March 10, 2022: SNOWLINE GOLD CORP. (CSE: SGD | US OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce additional surface sampling results from its “Ridge” zone, immediately adjacent to its Valley discoveries on its Rogue gold project in the Yukon Territory, Canada. Contour soil and talus fine samples as well as rock grab samples reveal a 1.0 km zone of anomalous gold concentrations on the northeast edge of the Valley intrusion associated with sheeted quartz veins arrays. A continuous stretch of 18 contour soil and talus fine samples spanning 750 m within the zone averaged 0.21 ppm Au, with values up to 0.758 ppm Au. The zone is open in all directions.

“These reconnaissance sampling results significantly expand the scale of the mineralized system at Valley,” said Scott Berdahl, CEO and director of Snowline Gold. “The tenor of our September 2021 drill discoveries, with drilled intersections of up to 1.25 g/t Au over 168.7 m from surface, provide context for the inherent potential of this sibling zone, located on an adjacent shoulder of the Valley intrusion and exhibiting a similar style of mineralization. Overall, the broader Valley area is looking more and more like the type of large, robust gold system that we founded Snowline Gold Corp to find. With a drill parked on site, permits in place and a strong treasury, we are looking forward to an exciting and discovery-filled exploration season in 2022.”

In addition to locating additional sheeted vein arrays, prospecting by Snowline’s field team confirmed historical discoveries of arsenopyrite vein material sourced from the Ridge zone, just outside of the Valley intrusion. Historical grab sample assays of this material run as high as 152 g/t Au, and check assays by Snowline and an independent qualified person hired by the Company returned up to 58.4 g/t Au. While this occurrence was known to the Company, the extent of high gold values in soils, talus fines and rock samples and the extent of sheeted veining demonstrate the presence of a significant new zone for targeted future exploration.

Higher on the ridge and farther east of the intrusion, prospecting by Snowline personnel encountered mineralized dikes, additional gold bearing sulphide veins and skarn-like alteration, demonstrating the extent and fertility of the Valley reduced-intrusion related gold system (RIRGS). These observations suggest that the intrusion itself may laterally beneath sedimentary units to the east, in the direction of Snowline’s adjacent “Gracie” RIRGS prospect.

UPCOMING EXPLORATION

With over $8.5M CAD in the treasury, Snowline is actively preparing for a busy 2022 exploration season. The upcoming program will see at least two drills turning on an 8,000+ m program focused on the Company’s Valley and Jupiter discoveries along with nearby targets. This work continues to build toward establishing North America’s newest gold district in the Yukon’s Selwyn Basin.

The Company currently has a diamond drill under contract and on site at Valley, overwintering for a quick and cost-effective resumption of drilling in Spring 2022. Given the scale of the associated geochemical anomaly, the extent of sheeted veins observed on surface and the potential for high vein densities within the intrusion, a 3000+ m drill program is planned at Valley to better understand the scale and continuity of the mineralized zone.

QA/QC AND QUALIFIED PERSON

Soil, talus fine and rock samples were collected by Snowline staff and contractors. Soils and talus fines were air dried in camp. Rock samples were photographed during sampling. Standard reference materials, blanks and duplicate samples were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor and by Snowline personnel to ALS Laboratories’ preparatory facility in Whitehorse, Yukon, with analysis completed in Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. Rock samples were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. An aqua regia digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 51-element analysis on 50 g samples (ALS code: Au-ME-TL44). Any rock sample returning >50 ppb Au was re-analysed for gold content by fire assay with an inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish on 30 g samples (ALS code: Au-ICP21). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 50 g sample (ALS code: Au-GRA22).

Soil and talus fine samples were further dried on receipt at the laboratory at temperatures <60°C and sieved to <180 micron (80 mesh). An aqua regia digest with a combined ICP-MS and ICP-AES finish was used for 51-element analysis on 50 g samples (ALS code: AuME-ST44).

While talus fine and soil samples are collected and processed in the same fashion, they are slightly different sample mediums, as talus fines represent a more primary material as derived from bedrock.

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 >100,000 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.

 SNOWLINE GOLD CELEBRATES FIRST ANNIVERSARY – A LETTER FROM THE BOARD

Dear Shareholders, 

Snowline Gold Corp. (CSE: SGD | US OTC: SNWGF) has had an amazing first year. As we celebrate our first anniversary, we want to reflect on the achievements of the past 12 months and to share our plans as we prepare for what promises to be a transformative year ahead in 2022. 

Snowline began trading as SGD on the Canadian Securities Exchange on March 1, 2021.  Our core assets were seven carefully selected greenfield gold projects in Canada’s Yukon Territory. After listing, we immediately set to launch a safe, efficient, and effective field campaign during a pandemic, relying largely on local expertise and relationships with First Nations owned and partnered companies. 

Remarkably, our first two drill programs – both on never-before drill tested targets – resulted in two new and significant gold discoveries: Jupiter and Valley.  These discoveries serve as strong proof-of-concept towards our thesis of a new North American gold district within our project portfolio. Snowline’s momentum continues to build as we turn our data and exploration ideas into district-scale discovery. 

Highlights of our first year include: 

  • Recruitment of a strong, exploration-focused board and management team 
  • Discovery of the Jupiter epizonal orogenic gold system at Einarson, with drilled intercepts to 13.2 g/t Au over 6.5 m – often with multiple mineralized intercepts per hole – intersected across a 1.1 km strike length so far within a 3-km-long gold-in-soil anomaly 
  • Discovery of the Valley reduced intrusion related gold system (RIRGS) at Rogue, a bulk tonnage target with drilled intercepts to 1.25 g/t Au over 168.7 m on the edge of a newly discovered, kilometer-scale Fort Knox-style intrusion 
  • Advancement of additional primary targets towards drill readiness, including orogenic gold targets Avalanche Creek and Mars at Einarson and the RIRGS gold target Gracie at Rogue 
  • A safe and effective 2021 field season, with our planned 3,000 m drill program expanded to 5,100 m on positive results, 2,800 soil samples and 400 rock samples collected, 439 km VTEM flown at Ursa, and a 411 km aerial drone mag survey completed at Valley, all completed without serious injury nor illness amidst the COVID-19 pandemic 
  • A 47% increase in our land position to 104,000 ha through data driven staking and strategic property acquisition 
  • $15.8 M CAD raised on the back of our grassroots project portfolio, including strategic investments from Crescat Capital, Keith Neumeyer, Eric Sprott and Palisades Goldcorp 
  • $2.1 M spent with companies owned or beneficially partnered with the First Nation of Na-Cho Nyak Dun, upon whose Traditional Territories our flagship projects are located
  • Creation of new assets and shareholder value through discovery, with an increase in Snowline’s market capitalization of roughly 310% one year out from IPO.  
Figure 1 – Jupiter “Before”: At the beginning of 2021 field season, Einarson’s Jupiter zone was a recently identified, 3 km long float train of quartz boulders assaying up to 25.2 g/t Au, accompanied by a 3 km long zone of elevated to anomalous gold in soils.
Figure 2 – Jupiter “After”: The first ever drill testing of Jupiter yielded highly encouraging results, including these intersections (drilled widths) from diamond drill holes J-21-010 through J-21-013. Hole J-21-020, collared 1.1 km to the north, encountered visible gold and returned 8.3g/t Au across 4.7m, including 22.1 g/t Au over 1.1 m(drilled widths). That Jupiter is a “blind” target (very few outcrops, none mineralized) makes these results even more compelling, as they are random tests of a broader system rather than targeted shots within a known geological framework.

Figure 3 – Valley “Before”: Chip sampling conducted in 2012 by a previous operator returned 4.2 g/t Au over 4.7 m in Rogue’s Valley zone, with prospectors also noting the presence of sheeted quartz vein arrays. Despite these encouraging historical results, this and other gold targets at Rogue were returned to Snowline’s private precursor along with extensive regional data.
Figure 4 – Valley “After”: Snowline drilled the first ever holes into Valley, with four of four intersecting visible gold and broad zones of anomalous mineralization. Surface work delineated an associated, 900 m gold-in-soil anomaly as well as additional sheeted vein arrays associated with the intrusion.

LOOKING AHEAD 

While 2021 was a big year for us, we are just getting started. Snowline is well positioned with over $8.5 M in the treasury to build on our discoveries and take major steps forward in 2022. We are already well underway with preparations for the upcoming field season. Key pieces in place include a drill on site at our Valley target, a second drill under contract, and a permit secured for a new, centralized exploration camp that will allow for more cost-effective exploration. 

In the coming year, Snowline aims to: 

  • Build on our commitment towards environmentally and socially responsible exploration, with economic engagement of and open lines of communication and consultation with First Nations and Yukon communities 
  • Further consolidate our land position in our flagship district comprising the Rogue, Einarson, Ursa and Cynthia projects 
  • Drill at least 3,000 m at Jupiter and another 3,000 m+ with a second drill at Valley, with the dual objectives of understanding potential scales of the systems and controls on mineralization 
  • Drill at least 2,000 m in total on two or more on untested primary targets.
  • Advance additional primary targets to a drill-ready stage while showcasing the depth of our exploration portfolio 
  • Continue with regional surface work to identify and advance additional prospective areas and anomalies both on the ground and within in Snowline’s extensive regional database.  

And as always, we will be considering other strategic approaches towards increasing shareholder value, risk reduction and maximizing growth opportunities. 

Thank you for your support. We look forward to sharing with you the excitement of discovery and we continue to grow. 

ON BEHALF OF THE BOARD, 

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

Craig Hart, PhD, FSEG, FGAC
Chair & Director  

For further information, please contact: 
Snowline Gold Corp. 
+1 778 650 5485
info@snowlinegold.com

Figure 5 – Snowline Gold Corp.’s district scale land position in the eastern Selwyn Basin, with the locations of 2021 drill programs shown as gold stars. Despite what the Company believes to a highly prospective geological setting to host large gold deposits, the area has seen little historical exploration.

QUALIFIED PERSON 

Information in this letter 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 >100,000 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. 

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

This letter 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.