Fully funded 2025 field campaign focuses on rapid advancement of the Valley gold deposit to inform potential future technical and economic studies and efficient permitting
Five drill, 30,000 m drill program launched, with 20,000 m dedicated to advancement and near-deposit exploration at Valley
Upwards of 10,000 m allocated for first pass and follow up drilling on at least five additional targets across the Rogue, Cynthia and Einarson projects, with a primary focus on RIRGS systems
Vancouver, B.C., May 20, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has commenced its 2025 exploration, drilling and project advancement campaign on its flagship Rogue Project and surrounding exploration projects in Canada’s Yukon Territory. The primary objective of the campaign will be efficient, rapid advancement of the Rogue Project’s Valley gold deposit to inform potential future technical and economic studies and project permitting. This work includes 5,000 m of geotechnical and condemnation drilling, engineering studies, and expanded environmental monitoring. Complementing this is 25,000+ m exploration drilling at the Valley deposit and on multiple regional gold targets on the Rogue, Cynthia and Einarson gold projects.
“We’re excited to be back in the field, picking up again after a very big year in 2024,” said Scott Berdahl, CEO & Director of Snowline. “While the Valley gold deposit remains open to further expansion, the scale and the quality of the near-surface resource discovered to date make rapid advancement of the current resource a key value driver for Snowline. We are fortunate to own such an asset. We are working hard on multiple fronts to advance this opportunity for our shareholders towards feasibility studies while setting groundwork for successful project permitting. This is of course in addition to the significant exploration upside remaining in the vicinity of the Valley deposit and regionally in our surrounding, district-scale project portfolio, which we will continue to explore in 2025 with multiple drills on multiple targets. Combined with the upcoming Preliminary Economic Assessment for Valley, we have a lot to look forward to at Snowline in the weeks and months ahead.”
2025 PROGRAM PLANS
Valley:
Of the 30,000 m drilling planned for 2025, approximately 20,000 m will be allocated to advancing understanding of the Rogue Project’s Valley deposit. Roughly 15,000 m of this will be split between 1) exploration drilling within the Valley intrusion but distal to the current resource, targeting the potential for additional hot spots of gold mineralization within the intrusion, and 2) expansion and upgrading of the most recent mineral resource estimate for Valley (see Snowline news release dated May 15, 2025),. The remaining 5,000 m is allocated to geotechnical, condemnation and sonic drilling, seeking to better define parameters to inform detailed engineering studies in the near term.
Beyond drilling, work at Valley is planned to assess and optimize processing methods, to characterize overburden at the deposit and at possible future infrastructure locations, to improve knowledge of surface and groundwater hydrology around the deposit, and to expand environmental baseline surveying on multiple fronts. The work will inform potential technical and advanced economic studies for Valley while positioning the project for future project permitting.
Regional Exploration:
Fieldwork at Valley will be complemented by an intensive regional drilling and surface exploration campaign. Roughly 10,000 m exploration drilling will be allocated to regional targets on the Rogue Project outside of Valley, in addition to the Cynthia and Einarson projects, with an emphasis on reduced-intrusion related gold systems (RIRGS). This will include follow-up drilling on targets like Gracie—an intact RIRGS located roughly 4 km east of the Valley deposit—in addition to first-ever drill testing of multiple targets.
Extensive regional surface work will complement drilling efforts while advancing the numerous targets within Snowline’s exploration pipeline. A 2,500 km airborne magnetic survey will expand and enhance previous regional-scale surveys which are useful in detecting the presence of RIRGS-hosting intrusions, complemented by satellite hyperspectral data collection and interpretation. Field crews will conduct mapping, geochemical sampling and delineation work across much of the Snowline project portfolio. The early start to the 2025 exploration season will provide time during the field program for follow-up and potential Phase I drilling on select areas with promising results.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with a combined 7.94 Moz gold Measured and Indicated mineral resource at 1.21 g/t Au and an additional 0.89 Moz Inferred mineral resource at 0.62 g/t Au within a pit-shell constraint, as outlined in the Company’s May 15, 2025 news release.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
Figure 1 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit is one of several prospective reduced intrusion-related gold system (RIRGS) targets on the broader 30 x 60 km Rogue Project, complemented by orogenic, Carlin-type, RIRGS and other sediment hosted gold targets on surrounding projects.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements about the Company’s work programs, results, surface work, advancement of studies and permitting, 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.
Updated Mineral Resource Estimate (MRE) for the Valley gold deposit, located on Snowline’s 100% owned Rogue Project in the Yukon Territory, Canada, shows substantial growth and de-risking from the previous, initial MRE in 2024:
Measured & Indicated Mineral Resources: 204 Mt at 1.21 g/t Au for 7.94 million ounces, a 96% increase in Measured and Indicated contained ounces*
Inferred Mineral Resource: 45 Mt at 0.62 g/t Au for 0.89 million ounces
Resource remains open to expansion along multiple limits of current drill testing, with potential for additional higher grade gold zones outside the current resource, as indicated by late 2024 drilling
Quality of resource highlighted by consistent conversion to higher categories, including 40% of total Measured and Indicated gold ounces now classified as Measured
Initial Preliminary Economic Assessment for Valley is well underway and expected to be finalized in the coming weeks
*Based on Indicated Mineral Resources of 4.052 Moz gold (76 Mt at 1.66 g/t Au), with no Measured Mineral Resources, in the previous MRE for Valley, supported by the technical report for Rogue entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
Vancouver, B.C., May 15, 2025: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to report an updated Mineral Resource Estimate (MRE) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) standards for the Valley gold deposit on its 100% owned, 1,110 km2 Rogue Project in Canada’s Yukon Territory.
“The updated mineral resource estimate for the Valley gold deposit is another positive milestone as we continue to uncover the full scale of this gold system,” said Scott Berdahl, CEO & Director of Snowline. “With just 53 km of drilling so far, we have discovered and substantially derisked a large, continuous, non-refractory gold deposit exposed at surface, in an underexplored region with multiple large greenfield gold anomalies and recent prospecting discoveries. Importantly, a considerable majority of the known system at Valley has been upgraded into Measured and Indicated categories, which can be used to inform pre-feasibility and feasibility studies. We are excited to kick off our 2025 field season in the coming days, with the goals of rapidly advancing and expanding Valley alongside continued exploration and drill testing of regional targets.
“We are also pleased to report significant progress on the Preliminary Economic Assessment for Valley, which will be based on this updated MRE. We anticipate completion and release of this study in the coming weeks.”
INITIAL MINERAL RESOURCE ESTIMATE OVERVIEW
The updated MRE for the Valley deposit is prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The MRE contains Measured Mineral Resources of 69.7 million tonnes (Mt) at 1.41 grams per tonne gold (g/t Au) for 3.15 million ounces (Moz) gold and Indicated Mineral Resources of 134.3 Mt at 1.11 g/t Au for an additional 4.79 Moz gold, in addition to Inferred Mineral Resources of 44.5 Mt at 0.62 g/t Au for 0.89 Moz gold (Table 1) using a 0.3 g/t Au cut-off grade. The estimate is based on 52,736 metres (m) drill data from all 123 holes at Valley drilled to date. Work underway on a Preliminary Economic Assessment (PEA) will assess Snowline’s view that Valley has strong potential to host a long-life, high-quality gold mine.
Table 2 highlights the relatively low sensitivity to cut-off grades in the updated MRE for Valley, demonstrating a resilience to increases in costs assumptions and to decreases in the price of gold. Using the current cost estimations, for example, the break-even price of gold for the 0.6 g/t Au cut-off would be US$1,225 per ounce.
Further details regarding this updated MRE including the estimation methods and procedures will be detailed in an updated NI 43-101 Technical Report which will be filed on SEDAR+ (www.sedarplus.ca) following the completion of the forthcoming Valley PEA.
Figure 1 – Cross section 31 through Valley initial MRE block model. A large zone of continuous, >2 g/t Au mineralization is present from surface within a larger, continuous halo of mineralization.Resource blocks are 10 x 10 x 5 m. Only blocks above cutoff grade of 0.3 g/t Au located within the resource-constraining shell are included in the updated MRE for Valley – none of the mineralized blocks shown outside of this shell are counted towards the MRE. Mineralization remains open in multiple locations, particularly along the northeastern edge of the section. For the section display, drill holes project 25 m in front of and behind section.
Figure 2 – Long section through Valley initial MRE block model. As with the previous cross section, a large zone of continuous, >2 g/t Au mineralization is present from surface. Resource blocks are 10 x 10 x 5 m. Only blocks above cutoff grade of 0.3 g/t Au located within the resource-constraining shell are included in the updated MRE for Valley – none of the mineralized blocks shown outside of this shell are included. Mineralization remains open in multiple locations, particularly at depth in the southeastern and northern parts of the section. For the section display, drill holes project 25 m in front of and behind section.
Figure 3 – Plan view of the Valley deposit, showing all drill results to date and section traces for Figures 1 & 2.
Figure 4 – Cross Section 31 through the Valley deposit showing the June 17, 2024 initial MRE (left) compared to the current updated MRE (right). The 89% increase in total drilling from the initial MRE (27,911 m) to the current MRE (52,736 m) has increased the total size of the resource and significantly advanced confidence in the model. Within what was previously modeled, the update highlights the robustness of the initial MRE: applying the same resource-limiting pit shell constraints and cut-off grade used for the initial MRE to the current block model informing the updated MRE yields contained ounces within 1% of the initial estimate, but with generally higher classification levels. This treatment, however, ignores the additional mineralization discovered outside of the previous pit shell constraint through drilling in 2024.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with a combined 7.94 Moz gold Measured and Indicated mineral resource at 1.21 g/t Au and an additional 0.89 Moz Inferred mineral resource at 0.62 g/t Au within a pit-shell constraint, as outlined in this release.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
The technical work of the updated MRE was completed by Dan Redmond, P.Geo., an independent qualified person as defined by NI 43-101. He has reviewed, verified and approved the technical information related to the MRE in this news release.
All other information in this news release has been prepared under the supervision of, verified and approved by Thomas K. Branson, M.Sc., P. Geo., VP Exploration of Snowline, as a qualified person for the purposes of NI 43-101.
Figure 5 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit is one of several prospective reduced intrusion-related gold system (RIRGS) targets on the broader 30 x 60 km Rogue Project, complemented by orogenic, Carlin-type, RIRGS and other sediment hosted gold targets on surrounding projects.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements about the Company’s belief that Valley has excellent potential for continued growth, the anticipated timelines for the completion of a Preliminary Economic Assessment at Valley, various cost, price and production assumptions used to inform the Mineral Resource Estimate cut-off grade, the Company’s belief that the region around Valley has the potential to become a prolific minerals district, the Company’s view that Valley has encouraging potential to host a long-life, high-quality gold mine and the Company considering the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems. 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., April 14, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce the expansion of its management team through appointment of Victor Vdovin, MBA, P.Eng., to Vice President of Engineering along with Lauren McDougall, CPA, CMA, to Chief Financial Officer, replacing Matthew Roma who will be departing the Company on May 4th, 2025 but will continue as consultant during a transitionary period.
Scott Berdahl, CEO & Director of Snowline stated, “On behalf of the Board of Directors and Snowline Gold, I would like to thank Matt for his years of dedicated and high-quality service to the Company. During Matt’s tenure, the company has grown from a small, grassroots company to a leading junior explorer and nascent developer today. We are grateful for his efforts and wish him the very best going forward.”
Mr. Berdahl continued, “I am delighted to welcome Victor and Lauren to Snowline’s senior management team. “Both individuals bring a strong work ethic and highly relevant experience to Snowline at a key time for the Company, as we take big steps to rapidly and responsibly advance our flagship Valley gold deposit on our 100%-owned Rogue Project.
Management Appointments:
Victor Vdovin, VP Engineering: Mr. Vdovin brings over 20 years of relevant engineering experience to Snowline, having held advanced engineering and leadership positions with Newmont, Goldcorp and Centerra, working on projects including Penasquito, Los Filos and Kumtor. Most recently, he served as Head of Technical Services for Greece at Eldorado Gold. Mr. Vdovin is a licensed Professional Engineer through the Professional Engineers of Ontario. He holds an MSc in Applied Geotechnics from the Camborne School of Mines in Camborne, UK and an MBA from the University of Toronto’s Rotman School of Management.
Lauren McDougall, Chief Financial Officer: Ms. McDougall has 15 years of experience in corporate finance roles within the mining industry. Her most recent position was CFO and Corporate Secretary of NorthWest Copper Corp. commencing in 2021, following its transition from Sun Metals Corp., where she served as CFO and Corporate Secretary from 2018 to 2021. Ms. McDougall is a Chartered Professional Accountant (CPA, CMA). She holds a BCom in Finance and International Business from Carleton University.
STOCK OPTIONS AND RESTRICTED SHARE UNITS
In addition, the Company announces the award of an aggregate of 175,000 restricted share units (“RSUs”) under the Company’s Omnibus Incentive Plan to officers of the Company. Each RSU represents a right to receive one common share of the Company, following the vesting of such restricted share units over a three-year period.
The Company has also granted an aggregate of 300,000 stock options under the Company’s Omnibus Incentive Plan to offers of the Company. The options are exercisable for one share each at $8.29 per share for a period of five years from the date of grant and vesting over 2.5 years.
ABOUT ROGUE
Snowline Gold’s 100%-owned Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex, including the Company’s flagship Valley gold deposit.
Since its launch in 2021, Snowline has progressed Valley from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold Indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz Inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Plutonic Complex hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional Valley-like gold systems.
Figure 1 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit is one of a cluster of prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project, within a broader emerging district almost entirely controlled by Snowline.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the potential creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the creation of a new arm of the Company, the progression of the Valley target past the exploration stage, the discovery potential within the Valley intrusion, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company’s plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Vancouver, B.C. – April 3, 2025 – Snowline Gold Corp. (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has completed its previously announced “bought deal” private placement of 1,875,000 charity flow-through common shares of the Company (the “FT Shares”) at a price of C$10.68 per FT Share (the “Offering Price”) for aggregate gross proceeds of C$20,025,000 (the “Offering”). Each FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”)). Existing shareholder B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) participated in the Offering to maintain its 9.9% interest in the Company.
“We are grateful to see tremendous support from existing shareholders in this financing and from new shareholders whom we are excited to have join,” said Scott Berdahl, CEO & Director of Snowline. “This financing will allow us to put our heads down and focus on a big year in 2025—advancing Rogue Project’s Valley deposit and continuing to bring forward the broader surrounding gold district—while giving us significant runway beyond. It also provides us flexibility to respond rapidly in the event of a greenfield discovery and to pursue other new opportunities that may arise.”
The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares, in the amount of C$20,025,000, to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s projects in the Yukon Territory, on or before December 31, 2026, and will renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2025.
The Offering was made through a syndicate of underwriters led by Cormark Securities Inc., and including BMO Capital Markets, Canaccord Genuity Corp., Agentis Capital Markets LP, National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and SCP Resource Finance LP (collectively, the “Underwriters”). The Underwriters received a cash commission equal to 5% of the gross proceeds of the Offering.
All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws, expiring on August 4, 2025. Closing of the Offering is subject to the final acceptance of the TSX Venture Exchange.
The securities issued under the Offering have not been and will not be registered under the U.S.Securities Act of 1933, as amended, and were not to be offered or sold in the United States absentregistration or an applicable exemption from the registration requirements. This news release shall notconstitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securitiesin the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing the Rogue Project’s Valley deposit – a large, low strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon – while continuing regional exploration of surrounding targets in a broader district within the 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 across the central Yukon and Alaska. The Company’s first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of the Valley gold deposit, and the creation of a new gold district.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the anticipated use of proceeds from the Offering, the ability of the Company to incur in full or at all “Canadian exploration expenses” that qualify as “flow-through mining expenditures” and the renunciation thereof to the purchasers of the FT Shares and timing thereof, the final acceptance of the TSX Venture Exchange, the tax treatment of the FT Shares, the expansion of the scope of the Company’s field studies, the Company’s advancement of the Rogue Project’s Valley deposit, the Company’s pursuit of regional exploration and drilling, the Company’s ability to unlock value through discovery, the advancement of gold deposits, the establishment of a gold district, and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things, risks associated with executing the Company’s plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Vancouver, B.C. – March 17, 2025 – Snowline Gold Corp. (TSX-V: SGD) (OTC: SNWGF) (“Snowline”or the“Company”) is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), has agreed to purchase, on a “bought deal” private placement basis, 1,875,000 “flow-through” shares of the Company (the “Charity FT Share”) at a price of $10.68 per Charity FT Share (“Offering Price”) for gross proceeds of $20,025,000 (the “Offering”). Each Charity FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada)).
“This financing will serve to top up an already strong treasury for Snowline, allowing for efficient use of exploration capital and providing a long runway to continue our exploration this year and next as we work to unlock a district,” said Scott Berdahl, CEO & Director of Snowline. “At the same time, it will free up existing capital for the rapid, efficient advancement of important work on the Valley deposit, including engineering and environmental studies. We are excited to ramp up our efforts on multiple fronts as we head into the 2025 field season.”
The Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) related to the Company’s projects in the Yukon Territory, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the subscribers of the Charity FT Shares effective December 31, 2025.
The Offering is expected to close on or about April 3, 2025, or such other date as the Company and the Underwriters may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the TSX Venture Exchange.
The securities offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
ON BEHALF OF THE BOARD
Scott Berdahl, MSc, MBA, PGeo CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary and Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Any statement that implies predictions, expectations, interpretations, opinions, plans, projections, objectives, assumptions, future events or performance (often using words such as “expects” or “does not expect”, “is expected”, “interpreted”, “in management’s opinion”, “anticipates”, or “plans”, “budget”, “schedule”, “forecasts” including negative and grammatical variations thereof, statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved) is not a statement of historical fact and may constitute forward-looking information and is intended to identify forward-looking information. This news release may contain forward-looking information relating to, among other things, the terms of the Offering; the use of proceeds of the Offering; the timing and ability of the Company to close the Offering; the timing and ability of the Company to receive necessary regulatory and other approvals, including the acceptance of the Offering by the TSX Venture Exchange; the ability of the Company to incur in full or at all “Canadian exploration expenses” that qualify as “flow-through mining expenditures” and the renunciation thereof to the purchasers of the Charity FT Shares and timing thereof; the tax treatment of the Charity FT Shares. These factors include, but are not limited to, risks associated with the ability of exploration activities (including drilling results) to accurately predict mineralization; the Company’s ability to obtain required approvals; the results of exploration activities; risks associated with mining operations; global economic conditions; metal prices; dilution; environmental risks; and community and non-governmental actions and general economic conditions. Although the forward-looking information contained in this news release is based on assumptions that management believes are reasonable at the time of release, Snowline Gold Corp. cannot provide any assurance that actual results will be consistent with the forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither Snowline Gold Corp. nor any other person assumes responsibility for the accuracy or completeness of forward-looking information. All statements made, other than statements of historical fact, that address the Company’s intentions and the events and developments that the Company anticipates, are considered forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ from those in the forward-looking statements.
Key Infill Holes Deliver: Hole V-24-119 intersects 617.6 m at 1.68 g/t Au from bedrock surface at 2.4 m downhole, including 202.0 m at 3.24 g/t Au, highlighting along with other holes consistency of strong, near-surface mineralization across largest gaps in previous drilling
Updated Mineral Resource Estimate Forthcoming: Valley MRE to be updated in first half of 2025, following a 90% increase in total drilling (53 km vs 28 km in 2024)
Rapid Project Advancement: Work underway on first-everPreliminary Economic Assessment for Valley deposit, set to highlight potential economics of large, low strip, front-heavy gold system.
Vancouver, B.C., March 4, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce additional drill results from its 2024 drill campaign on the Valley deposit, Rogue Project, Yukon. At Valley, holes V-24-119 through V-24-122 returned intervals of strong gold mineralization from key drill coverage gaps at Valley, showcasing continuity of Valley’s high-grade, near-surface core zone and further derisking the deposit. Additional holes V-24-123 and V-24-124 returned zones of low-grade mineralization in large step-outs to the southeast of the existing Mineral Resource Estimate (MRE). Together, these results and previous 2024 drill results will help to inform an updated MRE for Valley anticipated in the coming months. The Company has also initiated work on a Preliminary Economic Assessment (PEA) of Valley based on all drilling to date, engaging SRK Consulting (Canada) Inc and additional independent contractors to conduct the study.
Table 1 – Highlight summary of Snowline’s latest assay results; see Table 2 for details. Note that the interval reported in V-24-119 comprises two closely spaced mineralized intervals along with the low-grade 12.0 m interval in between. *Interval widths reported.
“Today’s excellent drill results come on the heels of Snowline’s fourth anniversary as a company—we commenced trading on March 1, 2021,” said Scott Berdahl, CEO & Director of Snowline. “At that time, what is now the Valley deposit was a grassroots, greenfield target: an outcrop chip sample of 4.2 grams per tonne gold over 4.7 m[i]. Snowline drilled the first ever holes at Valley in September 2021. The speed and efficiency with which we have advanced Valley from that outcrop sample to a significant gold deposit since is a testament to many of the same qualities that we feel would make for a robust future gold mine, namely the three-dimensional consistency of high-grade, non-refractory gold mineralization beginning at surface. We are excited to continue our rapid advancement of Valley with an updated MRE along with a PEA to quantify the compound effects of these positive attributes on potential future economics.
“We are also looking forward to another big season in 2025, with five drills currently on site and ready to commence a program of district-scale exploration alongside advancement and potential expansion of Valley, commencing in mid-May. The details of this program will be outlined in a future release.”
VALLEY DRILLING, ROGUE PROJECT
Figure 1 – Plan map of drill results on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-119 through V-24-124. Past analytical results are faded. Roughly 53 km of drilling to date has revealed a large, continuous and relatively high-grade near surface ore body at Valley. The Company is working on an updated MRE for the Valley deposit as well as its first-ever PEA.
The six holes reported herein from Valley primarily target gaps in previous drilling, with V-24-119 and 120 collared in the largest gaps remaining in the grid covering the high-grade core of the Valley deposit. V-24-123 and 124 are drilled as step-outs to the southeast. The results continue to build on the Company’s understanding of the Valley deposit through de-risking and potential expansion.
Roughly 25,000 m were drilled at Valley in 55 holes in 2024 – nearly double the amount of drilling (27,911 m) used to inform the Company’s initial MRE for Valley. The results of this drilling will be used to produce an updated MRE on the Valley deposit in H1 of 2025, as well as to inform a PEA for Valley that is currently underway.
Figure 2 – Cross-section A-A’, showing V-24-119 & 120 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The underlying Valley block model has not been updated to reflect the current results, nor any results to date from 2024. Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE.
Hole V-24-119
V-24-119 infills a 130 m gap along section between previous holes V-24-071 and V-22-029. It intersected primarily coarse-grained granodiorite. From bedrock surface at 2.4 m downhole, the hole returned an interval of 543.1 m averaging 1.80 g/t Au, including 202.0 m at 3.24 g/t Au from 96.5 m downhole. A 19.5 m section from 210.0 m downhole averages 5.68 g/t Au (Table 2). Twelve metres below this interval, a second mineralized interval averaged 1.03 g/t Au over 53.0 m from 557.5 m downhole.
Including two short (12.0 m and 6.0 m) weakly mineralized intervals, V-24-119 averages 1.68 g/t Au over the entire 617.6 m downhole from bedrock surface at 2.4 m, ending in low grade mineralization (0.3 g/t Au over the final 3.5 m from 616.5 m downhole). These results and those of subsequent holes V-24-120 through V-24-122 significantly de-risk the core of the Valley deposit, reducing uncertainty and efficiently helping to constrain deposit grades throughout a broad volume.
Hole V-24-120
Collared in the same section as V-24-119 located within a 170 m gap, V-24-120 encountered strong mineralization from bedrock surface at 7.6 m downhole, averaging 1.88 g/t Au over 200.9 m, including 2.90 g/t Au over 104.5 m from 11.5 m downhole. The hole exits the intrusion at 248.5 m downhole and was terminated shortly thereafter.
Figure 3 – Cross-section B-B’, showing V-24-121 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The hole encountered an unexpected zone of >1 g/t Au gold grades near the top of the hole. The underlying Valley block model has not been updated to reflect the current results, nor any results to date from 2024. Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE.
Hole V-24-121
V-24-121 is collared in a 150 m gap along section between previous holes V-23-050 and V-24-090, near the northeastern edge of the Valley deposit (Figures 1 & 3). The hole averaged 0.80 g/t Au—double the 0.4 g/t Au cutoff grade used in the initial MRE at Valley—over its first 486.5 m from bedrock surface at 6.0 m downhole, including a slightly higher-grade section of 1.06 g/t Au over 243.0 m from 41.0 m downhole. Notably, the top of this subinterval averages 1.80 g/t Au over 21.0 m, expanding the breadth of near-surface, relatively high-grade mineralization at Valley to the northeast (Figure 3).
Hole V-24-122
V-24-122 reports a consistent interval of 352.0 m averaging 1.05 g/t Au from bedrock surface at 6.5 m downhole. The hole fills a gap in previous coverage in the southeastern part of the Valley deposit, with the nearest hole V-23-052 collared roughly 50 m to the east. Highlighting this consistency, capping the mineralization at 10.0 g/t Au has no effect on the resultant interval grades (Table 2).
Figure 4 – Cross-section C-C’, showing V-24-122 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The underlying Valley block model has not been updated to reflect the current results, nor any results to date from 2024. Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE.
Holes V-24-123 & V-24-124
V-24-123 & 124 are among the southeasternmost holes drilled at Valley (Figure 1), each a step-out of roughly 50 m from previous drilling. Both holes encountered anomalous (>1 g/t Au) gold mineralization, with V-24-123 encountering multiple broad intervals throughout its length averaging from 0.2 to 0.9 g/t Au (Table 2) and extending the envelope of known mineralization at Valley to the southeast.
Table 2 – Summary of significant mineralization returned from current holes from Valley. The consistency of strong mineralization in the Valley deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. Rounding errors may be present in interval lengths. *Interval widths reported; true widths of the Valley system are complex, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley.
QA/QC
On receipt from the drill site NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline’s “Forks” Camp. Sample lengths as small as 0.5 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was used. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by orientation line where present or by dominant vein orientation where absent) collected for analysis and one half stored as a record. Field duplicates were collected at regular intervals as ¼ core samples by splitting the ½ core sent for sampling, leaving a consistent record of half core material from duplicate and non-duplicate samples alike. Standard reference materials and blanks were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor to Bureau Veritas’ preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in Vancouver.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25 g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (BV code: FA530).
For the purposes of this release, contiguous mineralized intervals at Valley are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au and may include any highlight subsections thereof.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold Indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz Inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
Figure 5 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit is one of a cluster of prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project, within a broader emerging district almost entirely controlled by Snowline.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the significance of visual drill core observations and visible gold, the potential effects of current analytical results on future mineral resource estimates including expansion of the pit shell and de-risking of the current estimate, the timing and progression of updated MRE and PEA studies, the effects of Valley deposit parameters on potential future economics, the discovery potential within the Valley intrusion and on other exploration targets, the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
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[1] Historical sample reported by Burke, M.R. and Carlos, S.A., 2014, in assessment report titled: “2012 rock and soil sampling program, Rogue A, B, D, E properties, Mayo Mining District, Yukon, Canada.”
Resource Expansion Potential at Valley: Hole V-24-115 intersects 2.08 g/t Au over 15.5 m within a broader 100.5 m intersection averaging 0.53 g/t Au, showing strong mineralization in an unexplored part of the Valley intrusion over 300 m east of the Valley deposit, Rogue Project
Continuity Confirmed: Hole V-24-117 intersects 1.64 g/t Au over 112.5 m within a broader 242.5 m intersection averaging 1.14 g/t Au, demonstrating strong continuity of the Valley Deposit
District Potential Demonstrated: Einarson Project hole J-24-031 returns 20.94 g/t Au over 2.1 m within 9.45 m of 6.81 g/t Au at the Jupiter target, expanding mineralization 50 m to depth (open) and advancing understanding of structural controls
Drilling Update: Assays remain pending for >2,500 m from 6 holes from infill and expansionary drilling at Snowline’s Valley deposit, Rogue Project.
Vancouver, B.C., February 19, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce further results from its 2024 drill campaign on the Valley deposit, Rogue Project, and from its Jupiter target on the adjacent Einarson Project, Yukon. At Valley, holes V-24-114 and V-24-115 both returned intervals of strong gold mineralization outside of the existing MRE, demonstrating the presence of gold within a large and still untested part of the Valley intrusion. Additional holes V-24-116 and V-24-117 show continuity of >1 g/t gold grades along multiple edges of the primary deposit area at Valley. These results will help to inform an updated MRE for Valley anticipated in the coming months. At Jupiter, roughly 30 km north of Valley on the adjacent Einarson Project, three of four reported holes intersected >8 g/t Au mineralization, with an interval of 20.9 g/t Au over 2.1 m (~true width) in J-24-031 confirming a secondary east-west structural control on mineralization that could assist with future targeting at Jupiter and regionally. Results are pending for an additional >2,500 m of drilling in six holes from infill and expansionary drilling at the Valley deposit, Rogue Project.
Table 1 – Highlight summary of Snowline’s latest assay results; see Tables 2 (Valley) and 3 (Jupiter) for details. *Interval widths reported.
“The near-surface, high-grade part of the Valley intrusion that hosts Snowline’s Valley gold deposit rightfully commands a lot of attention,” said Scott Berdahl, CEO & Director of Snowline. “Today’s results from other parts of the Valley intrusion and from the separate Jupiter target are both great reminders that the Valley deposit was not created in a vacuum, but rather as a product of target-scale and regional-scale geological processes underpinned by gold fertility of the eastern Selwyn Basin. Hole V-24-115 highlights the potential of the Valley intrusion itself—outside of the current Valley deposit—to host additional zones of high-grade gold mineralization. Roughly 30 km to the north, at our Jupiter target, the grades seen in J-24-031 are encouraging and further enhance our understanding of this structurally-controlled system. Both results support Snowline’s founding conviction that a previously unrecognized gold district could exist within our project boundaries in the eastern Yukon Territory.
“My congratulations go to Snowline’s team for the innovative, data- and observation-driven thinking that led to these drill holes and today’s discoveries. We are excited to get back out into the field in 2025 as we continue to advance these ideas and others throughout our robust, district-scale project pipeline.”
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-112 through V-24-118. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow spheres. Drill holes with assays pending (6 holes from Valley) are denoted by blue collars.
VALLEY DRILLING, ROGUE PROJECT
The seven holes reported herein from Valley primarily target the margins of the known deposit as well as untested areas beyond these margins (e.g. V-24-113, 114 & 115). The results continue to build on the Company’s understanding of the Valley deposit through de-risking and potential expansion.
Roughly 25,000 m were drilled at Valley in 55 holes in 2024 – nearly double the amount of drilling (27,911 m) used to inform the Company’s initial MRE for Valley. The results of this drilling will be used to produce an updated MRE on the Valley deposit in Q1 or Q2 of 2025, as well as to inform future economic studies.
Hole V-24-112
Drilled as a 50 m step-out from V-22-015 along the eastern edge of the Valley deposit (Figure 1), V-24-112 intersected multiple mineralized intervals, including a 237.0 m length averaging 0.75 g/t Au from 147.5 m downhole (Table 2). This mineralization—at nearly double the 0.4 g/t Au mill cutoff grade used for the 2024 Valley MRE—expands the breadth of the company’s understanding of the eastern edge of the Valley deposit.
Including non-mineralized intervals, V-24-112 averages 0.5 g/t Au over 599.9 m downhole from bedrock surface at 11.1 m.
Figure 2 – Cross-section A-A’, showing V-24-113 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, nor any results to date from 2024 (bold labels). Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE.
Hole V-24-113
V-24-113 is a 140 m step back along section from V-24-097 (Figure 2) and a 60 m step to the north of V-23-038, testing mineralization at depth beyond what is currently the northeastern edge of the Valley deposit. The strongest interval of mineralization averaged 0.50 g/t Au over 234.0 m from 207.5 m downhole, with this interval occurring entirely outside the limits of the block model used to inform the 2024 MRE for Valley.
Hole V-24-114
Drilled towards the northwest, away from the eastern edge of the Valley deposit, V-24-114 encountered muted grades initially before intersecting 122.2 m averaging 0.47 g/t Au from 93.5 m downhole. Vein density and instances of visible gold increase with depth down the hole. The hole ends in mineralization, with the final 10.5 m downhole averaging 1.35 g/t Au well outside the Valley MRE, adjacent to on an open void in drill coverage (Figure 1).
Hole V-24-115
Like V-24-114, V-24-115 is also oriented northwest, drilled into a large volume of the Valley intrusion that has seen little to no drill testing (Figure 1), crosscutting an east-west oriented vein trend observed in this area. The hole hit multiple zones of mineralization, most notably a 100.5 m intersection averaging 0.53 g/t Au from 172.0 m downhole, with a 15.5 m downhole intersection averaging 2.08 g/t Au.
Notably, the drill hole primarily encountered coarse-grained granodiorite—the host phase to most of the mineralization in the Valley deposit—as opposed to a medium-grained phase expected based on previous hole V-22-017 (collared from the same site but drilled southwest). The 15.5 m interval of 2.08 g/t Au is associated with a dike of fine-grained porphyritic granodiorite, which is thought to be a causative intrusive phase for the high grades seen in the main part of the Valley deposit.
The hole ended in coarse-grained granodiorite and did not intersect the northeastern wall of the Valley intrusion, which remains unconstrained at depth.
Hole V-24-116
V-24-116 infills a 130 m gap in section between V-23-041 and V-23-042, on the southeastern side of the deposit. An interval of 287.8 m downhole averaging 0.95 g/t Au from bedrock surface at 12.7 m downhole, including 145.0 m at 1.24 g/t Au from 77.0 m downhole, confirms continuity of strong mineralization in this part of the Valley deposit.
Figure 3 – Cross-section B-B’, showing V-24-117 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, nor any results to date from 2024 (bold labels). Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE. Instances of visible gold in holes still awaiting assay results are marked by yellow spheres.
Hole V-24-117
Collared outside of the Valley intrusion and drilled from west to east, V-24-117 encountered sparse zones of mineralization in the hornfels zone followed by a broad zone of mineralization on entering the Valley intrusion, returning 242.5 m at 1.14 g/t Au from 174.0 m downhole, including 112.5 m at 1.64 g/t Au from 277.0 m downhole. This interval, which spans the edge of the resource limiting pit-shell constraint for the 2024 Valley MRE, adds dimensionality to a zone of mineralization encountered at depth in previous hole V-23-039.
Hole V-24-118
V-24-118 is among the southernmost holes drilled at Valley (Figure 1). The hole averages 0.71 g/t Au over the top 221.9 m from bedrock surface at 18.6 m downhole, with the bottom 59.0 m of this interval occurring outside of the resource-limiting pit constraint used for the 2024 Valley MRE.
Table 2 – Summary of significant mineralization returned from current holes from Valley. The consistency of strong mineralization in the Valley deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. Rounding errors may be present in interval lengths. *Interval widths reported; true widths of the Valley system are complex, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley.
JUPITER DRILLING, EINARSON PROJECT
Jupiter is an epizonal orogenic gold discovery roughly 30 km north of Valley. The four holes reported herein from Jupiter were drilled at azimuths of roughly 330° and 300° (Table 3) to test a potential secondary structural control on mineralization: steeply-dipping, east-west oriented quartz-carbonate veins and breccias cutting at right angles to the primary controlling fold and thrust geometry. The holes successfully intersect such mineralized structures, particularly in the case of J-24-031, which returned a highlight interval of 6.81 g/t Au over 9.4 m, including 20.94 g/t Au over 2.1 m. These results expand the known footprint of high-grade gold mineralization at Jupiter by over 50 m and provide useful geological information for advancing exploration at Jupiter and on surrounding targets.
Figure 4 – Map (left) and section (right) views of the Jupiter target, showing the locations and results of J-24-030 and J-24-031 in the context of interpreted geology and surrounding drilling. To date, only a small portion of a broader 3 km soil anomaly at Jupiter has been tested by drilling, though high grades have been encountered on a footprint of >1 km strike length. Additional targets like Galatea and Avalanche Creek 5 km and 12 km to the south respectively along a prominent structural corridor, as well as the Mars target on a parallel structural corridor 4 km to the west, demonstrate widespread potential for orogenic gold mineralization on the Einarson project.
Hole J-24-031
Drillhole J-24-031 is collared in mudstone and intersects the siltstone unit marking the steep flank of a fold interference pattern at a downhole depth of 246.5 m. An interval of 31.4 m within the mudstone averages 0.68 g/t Au from 216.1 m downhole. This interval features shallow south-dipping quartz-carbonate veins and a meter-thick, east-west oriented sub-vertical quartz carbonate vein that contains visible gold (Figure 5).
Additional mineralized veins and breccia zones were encountered along the length of the hole (Table 3, Figure 4), confirming in multiple instances the steeply dipping, east-west orientations. Of note, the 9.4 m interval from 423.7 m downhole averaged 6.81 g/t Au, including a 2.1 m interval averaging 20.94 g/t Au (approximate true thickness). The strongest gold grades in this interval are seen in the country rock surrounding a 1.4 m stylolitic vein breccia. The interval expands high grade mineralization seen in J-21-022 and J-24-032 by roughly 50 m to depth and to the east.
Figure 5 – Visible gold in a steeply dipping E-W quartz-carbonate vein from J-24-031 at 246.5 m downhole. The vein material averaged 4.3 g/t over 1.5 m from 246.0 m downhole, at the base of a broader zone averaging 2.64 g/t Au over 5.0 m from 242.5 m downhole. Core diameter is 5.1 cm, with millimetres denotes by the scale bar in the top left image.
Table 3 – Summary of significant mineralization from current holes at the Jupiter target, Einarson Project. *True width of interval uncertain.
QA/QC
On receipt from the drill site NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline’s “Forks” Camp. Sample lengths as small as 0.5 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was used. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by orientation line where present or by dominant vein orientation where absent) collected for analysis and one half stored as a record. Field duplicates were collected at regular intervals as ¼ core samples by splitting the ½ core sent for sampling, leaving a consistent record of half core material from duplicate and non-duplicate samples alike. Standard reference materials and blanks were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor to Bureau Veritas’ preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in Vancouver.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25 g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (BV code: FA530).
For the purposes of this release, contiguous mineralized intervals at Valley are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au and may include any highlight subsections thereof.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold Indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz Inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
Figure 6 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit and the Aurelius target are two of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Sergio Gamonal, M.Sc., P. Geo., Chief Geologist for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the significance of visual drill core observations and visible gold, the potential effects of current analytical results on future mineral resource estimates including expansion of the pit shell and de-risking of the current estimate, the discovery potential within the Valley intrusion and on other exploration targets, the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Vancouver, B.C., February 18, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is honoured to announce its receipt of ECO Canada’s Yukon Sustainability Award for Medium to Large Businesses. The annual awards are delivered through a partnership between Environmental Careers Organization (ECO) Canada and the Government of Yukon. They recognize Yukon businesses—from any industry—leading the charge towards a greener economy, with a focus on Indigenous reconciliation and collaboration.
Figure 1 – Brian Hegarty (VP Sustainability & External Relations) receives the 2025 Yukon Sustainability Award for Medium to Large Businesses on behalf of Snowline Gold at the 2025 ECO Impact Awards in Calgary, Alberta.
“We are delighted to receive the Yukon Sustainability Award in the Medium to Large business category,” said Brian Hegarty, VP Sustainability & External Relations for Snowline. “Snowline’s sustainability efforts and approach to our daily work are grounded by our guiding principles of environmental respect, building community and doing things right. Any recognition we receive as a company extends to the entire team, our contractors, First Nation and local community partners. We benefit immensely from these open and honest working relationships, with the room to share new ideas and innovative approaches.
“Credit also goes to the Yukon Government for being the first jurisdiction in Canada to launch a dedicated set of green business recognition awards through its partnership with ECO Canada. The awards bring Yukon businesses to an important national forum for environmental best practice and responsible, sustainable economic growth.”
Award recipients are selected by a jury made up of industry, academic and government professionals from across Canada and beyond. Businesses are assessed based on corporate sustainability practices, environmental management systems and how they support the Yukon’s strategy towards climate change, energy and a green economy. The Medium to Large Business category covers businesses from all sectors operating in the Yukon with 11 or more full time employees, of which any number are conducting activities within the Yukon.
“When we launched Snowline in 2021, we envisioned building a new kind of resource company, with environmental stewardship and local partnership at the forefront of our exploration efforts,” said Scott Berdahl, CEO & Director of Snowline. “It is encouraging to see how far we have come, and to see how thoroughly this culture has taken root with our team. Congratulations—and thank you—to the many people whose efforts and mindsets have taken Snowline to where we are today. We look forward to building on this momentum and finding new ways to support a sustainable resource industry and the incredible Territory that many of us call home.”
Award recipients were recognized in February at the 2025 ECO Impact Awards in Calgary, Alberta on Feb 12th, 2025. Snowline congratulates fellow Yukon Sustainability Award winners Future Proof My Building Consulting Inc. for recognition in the Small Business category and Tincup Wilderness Lodge in the Regional Business category.
The ECO Impact Award complements recent recognition of Snowline’s commitment to community and sustainable practices in the form of the Yukon’s Robert E. Leckie Award for Excellence in Environmental Stewardship in both 2023 and 2024, recognizing the Company’s cleanup of historical exploration camps in the vicinity of the Company’s project areas over multiple seasons, a renewable energy collaboration with the Na-Cho Nyak Dun Development Corporation (NNDDC) and progressive reclamation practices overseen by NNDDC-owned Yukon Seed and Restoration.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-waste, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Hole V-24-105 returned 1.12 g/t Au over 466.6 m from surface, including 2.07 g/t Au over 154.0 m, strong results infilling a 120 m gap along section
Hole V-24-111 returned 1.05 g/t Au over 403.6 m from surface, including 1.90 g/t Au over 103.0 m froma 108 m gap along section near the eastern extent of drilling
Results from Aurelius show widespread alteration and anomalous gold (with local visible gold) in volcanic country rocks, along with broad zones of elevated copper
Assays remain pending for >7,200 m from 17 holes across two targets at Snowline’s Rogue and Einarson projects.
Vancouver, B.C., January 30, 2025: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce further results from its 2024 drill campaign on the Valley deposit along with analytical results at its nearby Aurelius target on the Rogue Project, Yukon. At Valley, holes V-24-105 and V-24-111 delivered strong, consistent mineralization from infill holes in gaps along the margins of the high-grade, near-surface core of the deposit. Additional expansionary holes delivered broad intervals above the cut-off grade used in the initial Mineral Resource Estimate (MRE) for Valley, including mineralization outside of the resource-limiting pit shell (e.g. V-24-108, Figure 3). These results will help to inform an updated MRE for Valley anticipated in the coming months. Results are pending for an additional >7,200 m of drilling in 17 holes across two different targets: Valley (Rogue Project) and Jupiter (Einarson Project).
Table 1 – Highlight summary of Snowline’s latest assay results; see Table 2 for details. *Interval widths reported.
“It is encouraging to see how well the Valley gold deposit holds up to the scrutiny of additional drilling, with highlight holes consistently appearing as we fill in the blanks,” said Scott Berdahl, CEO & Director of Snowline. “Each round of results has brought large intervals with strong gold grades. We are gaining confidence and pushing the boundaries of our understanding of this unique and continuous near-surface gold deposit.
“At our nearby Aurelius target, we are intrigued by the widespread gold anomalism encountered on surface and in Phase I drilling. The hunt will continue, at Aurelius and at other targets, building on our expanding data and knowledge bases as we seek to establish a new gold district in the fertile and proven Selwyn Basin rocks around Valley.”
Figure 1 – Plan map of drill results and progress on the Rogue Project’s Valley deposit, highlighting current results in drill holes V-24-105 through V-24-111. Past analytical results are faded, while instances of visible gold in holes awaiting assay are marked by yellow spheres. Drill holes with assays pending (13 holes from Valley) are denoted by blue collars.
VALLEY DRILLING, ROGUE PROJECT
Hole V-24-105
Hole V-24-105 is collared within the Valley intrusion as a 66 m step back along section from V-23-066 (383.0 m @ 2.00 g/t Au including 107.5 m @ 3.95 g/t Au from surface, see January 15, 2024 news release) and 33 m southeast along strike from nearest hole V-23-034 (418.3 m @ 1.88 g/t Au from surface including 216.0 m @ 3.08 g/t Au, see July 5, 2023 news release). The hole is drilled to the southwest, testing continuity of strong gold mineralization predicted by the Valley deposit block model in the northeastern part of the Valley deposit.
The hole runs primarily through coarse-grained granodiorite for the top 340 m, at which point it contacts a fine-grained porphyritic intrusive breccia underlying Valley’s near-surface high-grade zone. The fine-grained porphyritic phase of the intrusion continues to the end of hole at 509 m. Quartz vein densities are highest between 242-328 m downhole, in the zone above the porphyritic phase.
Figure 2 – Cross-section A-A’, showing V-24-105 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, nor any results to date from 2024 (bold labels). Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE. Instances of visible gold in holes still awaiting assay results are marked by yellow spheres.
The hole returned 1.12 g/t Au over 466.6 m downhole from bedrock surface at 3.4 m downhole, including 154.0 m downhole at 2.09 g/t Au starting from 124.0 m depth. As with many holes drilled at Valley, interval grades are not substantially affected when assays are capped at 10 g/t Au—in this case dropping by less than 1% (Table 2)—showcasing the consistent nature of gold mineralization along the breadth of the interval.
These results and those of other holes reported herein are expected to help upgrade, de-risk and potentially expand relevant areas of the initial MRE for Valley. The ultimate effect of this result will be quantified along with analytical results of all subsequent holes in an updated MRE at a later time.
Figure 3 – Cross-section B-B’, showing V-24-108 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. Note that most of the mineralization in the hole is outside the current resource-limiting pit shell. The block model has not been updated to reflect the current results, nor any results to date from 2024 (bold labels). Blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Areas without blocks have not been modelled and were assumed as nil for the initial Valley MRE. Instances of visible gold in holes still awaiting assay results are marked by yellow spheres.
Figure 4 – Relatively coarse native gold as seen in various Valley drill holes reported herein. Gold mineralization at Valley primarily consists of native gold hosted in quartz veins crosscutting the mid Cretaceous Valley intrusion and surrounding sedimentary rocks. Visible gold is common, with tens to hundreds of occurrences per hole consistently observed in well mineralized holes throughout the deposit, and one vein bearing visible gold observed on average once every 7.2 m throughout all 53 km drilling at Valley to date. Gold often occurs proximal to various minor bismuth and tellurium sulphide minerals and alloys (metallic grey minerals in above figures). As previously disclosed, the nature of this gold mineralization renders it available for high recovery rates from various conventional processing techniques, even in non-oxidized rock, as seen in initial metallurgical tests (94% average bottle roll cyanidation to 96% carbon-in-leach). All images are displayed at the same scale.
AURELIUS DRILLING, ROGUE PROJECT
Analytical results from Aurelius confirm the presence of gold mineralization hosted in volcanic units affected by alteration thought to be caused by a reduced intrusion-related gold system. The strongest intervals of gold mineralization (Table 2) are commonly associated with anomalous bismuth and tellurium, with low levels of arsenic—a geochemical fingerprint similar to that of Valley and similar to surface samples taken from the Aurelius target in 2023. One instance of trace visible gold was located at 344.0 m downhole depth in AU-24-003, with a Valley-style association to anomalous bismuth.
Elevated copper grades of up to 0.07% over 120.5 m, including 0.10% Cu over 38.5 m (AU-24-002, true widths unknown) are present in broad silicified zones of felsic and mafic tuffs and siltstone, associated with elevated concentrations of certain rare earth elements (Nd, La, Ce & Pr) relative to background. Certain anomalous gold values appear to be spatially associated with the upper levels of these copper zones.
This first-ever drill program at Aurelius tested a relatively small physical footprint within the broader zone of alteration and anomalous geochemistry and mineralization observed on surface. The suspected intrusive source of this widespread alteration and mineralization was not intersected by this initial phase, and a majority of the target area remains untested. Metre-scale, felsic, biotite-quartz+/-feldspar porphyritic sills of uncertain age were encountered in holes AU-24-001, AU-24-003 and AU-24-004. Age date samples of material from these sills have been submitted for analysis, with results pending.
Figure 5 – Plan view of Aurelius drill holes from 2024 atop geological mapping and surface geochemical results. The 2024 drill program at Aurelius was the first ever drill test of the target, which covers a broader 2 km by 500 m footprint (Figure 6). A schematic cross section including AU-24-002 and AU-24-004 is shown in Figure 7.
Figure 6 – Broad-scale view of the Aurelius target, showing the context of Figure 5 drill locations amidst a wider geochemical anomaly accompanied by widespread hydrothermal alteration associated with proximal (and possibly buried) mid-Cretaceous granodioritic intrusions.
Figure 7 – Cross-section C-C’, showinggold and copper results alongside a schematic representation of local geology. Anomalous gold mineralization was encountered in both holes, accompanied by zones of elevated copper mineralization associated with silicification and local hydrothermal brecciation.
Screenshot
Table 2 – Summary of significant mineralization returned from current holes from Valley and other targets. The consistency of strong mineralization in the Valley deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. Holes with prefixes “AU” are from the Aurelius target, roughly 12 km northwest of the Valley deposit on the Rogue Project (Figure 8). Rounding errors may be present in interval lengths. *Interval widths reported; true widths of the Valley system are complex, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley.
QA/QC
On receipt from the drill site NQ2-sized drill core was systematically logged for geological attributes, photographed and sampled at Snowline’s “Forks” Camp. Sample lengths as small as 0.5 m were used to isolate features of interest, but most samples within moderate to strong mineralization were 1.0 m in length; otherwise, a default 1.5 m downhole sample length was used. Core was cut in half lengthwise along a pre-determined line, with one half (same half, consistently, dictated by orientation line where present or by dominant vein orientation where absent) collected for analysis and one half stored as a record. Field duplicates were collected at regular intervals as ¼ core samples by splitting the ½ core sent for sampling, leaving a consistent record of half core material from duplicate and non-duplicate samples alike. Standard reference materials and blanks were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor to Bureau Veritas’ preparatory facility in Whitehorse, Yukon. Sample preparation was completed in Whitehorse, with analyses completed in Vancouver.
Bureau Veritas is accredited to ISO/IEC 17025 and ISO9001 for quality management. Samples were crushed by BV to >85% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. A four-acid digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 59-element analysis on 0.25 g sample pulps (BV code: MA250). All samples were analysed for gold content by fire assay with an atomic absorption spectroscopy (AAS) finish on 30 g samples (BV code: FA430). Any sample returning >10 g/t Au was reanalysed by fire assay with a gravimetric finish on a 30 g sample (BV code: FA530).
For the purposes of this release, contiguous mineralized intervals at Valley are defined as runs of mineralization with no break >5.0 m assaying <0.1 g/t Au and may include any highlight subsections thereof.
ABOUT ROGUE
Snowline Gold’s 100%-owned, flagship Rogue Project, in Canada’s Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross’s Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.
Figure 8 – Project location map for Snowline Gold’s eastern Selwyn Basin properties: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit and the Aurelius target are two of several prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit—a large, low-waste, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon—while continuing regional exploration of surrounding targets on the Rogue Project and the broader district 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 across the central Yukon and Alaska. The Company’s comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas Branson, M.Sc., P. Geo., Vice President of Exploration for Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the significance of visual drill core observations and visible gold, the potential effects of current analytical results on future mineral resource estimates including expansion of the pit shell and de-risking of the current estimate, the discovery potential within the Valley intrusion and on other exploration targets, the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Vancouver, B.C., December 31, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to provide a summary of key activities and achievements over the past calendar year. In June 2024, Snowline released an initial Mineral Resource Estimate (MRE) for its 100% owned Valley deposit on its Rogue Project, just two and a half years after the initial drill discovery, establishing Valley as a significant, continuous, near-surface gold deposit with clean, non-refractory mineralization and unusually high grades for a reduced intrusion-related gold system (RIRGS). Following the initial MRE, Snowline safely and efficiently completed an additional 25,000 m drilling at Valley during 2024, expanding the footprint of known mineralization at Valley and nearly doubling the number of metres drilled into the deposit. The Company completed an additional 10,000 m of exploratory drilling on regional targets. With more than C$43.2M in the treasury, Snowline is well positioned for a momentous year in 2025. Active regional exploration and drilling will complement a core focus on rigorous, rapid and responsible advancement of Valley.
Snowline’s top 5 highlights from 2024:
Valley Deposit Initial MRE: 4.05 Moz Au Indicated at 1.66 g/t Au and an additional 3.26 Moz Au Inferred at 1.25 g/t Au. The high degree of consistency and near-surface nature of mineralization allowed for delineation of the initial MRE, with 55% of the total resource estimate defined as Indicated, based on 27,911 m drilling. This represents a drill discovery cost of just C$3.20 per ounce of gold across all categories at Valley.
Operational Excellence: Completed >35,000 m drilling—by far Snowline’s largest drill campaign to date—safely and under budget, including >25,000 m at Valley. This is a 90% increase in total metres drilled at Valley since the initial MRE, with high grades seen in infill holes and several notable areas of expansion. Results for >11,600 m from 29 holes (33% of 2024 drilling) remain outstanding from Valley and other targets.
Environmental Stewardship: Received second consecutive Robert E. Leckie Award for Excellence in Environmental Stewardship. The 2024 award, conferred by representatives from the Government of Yukon, the Council of Yukon First Nations and Yukon Chamber of Mines, was granted in recognition of Snowline’s Phase I cleanup project at the Plata airstrip and staging site, located off Company claims but in the vicinity of the Valley deposit and formerly used to service small-scale silver mines in the area.
Financial Strength: Raised a total of $31.9M at a 46% premium to market allowing for growth through an upscaled exploration program with minimal dilution. With C$43.2M remaining in the treasury as of December 31, 2024, Snowline is fully financed for an aggressive exploration campaign alongside project advancement through 2025.
Expanding Skillsets: Appointment of Brian Hegarty as VP Sustainability & External Relations and accomplished mining engineer Gil Lawson as an independent director along with other roles adding in-house expertise for the efficient and responsible advancement of the Valley deposit towards production. As of writing, Snowline has an open job posting for a VP Engineering to help steer planning efforts and oversee further expansion of a development-focused team.
“Thanks to an incredible performance by our team, 2024 has seen a phase change for Snowline in terms of the definition, de-risking and advancement of our flagship Valley deposit,” said Scott Berdahl, CEO & Director of Snowline. “We entered the year with exciting drill results from Valley. By June, we had an initial Mineral Resource Estimate establishing Valley as a significant, multi-million-ounce gold deposit, emphatically checking important boxes in terms of its strong gold grades, continuous near-surface geometry, and favourable metallurgy. By October, we’d increased the total metres drilled at Valley by 90% through a combination of expansionary holes and infill drilling. We did this safely and within the budget of a much smaller initial program, while drill testing multiple additional targets in the district and discovering new mineralized systems through ongoing baseline and generative work. We plan to release an updated MRE for Valley prior to the commencement of the 2025 field program.
“I would like to thank our team as well as our service providers, suppliers, consultants and partners for another incredible year, and our shareholders for their ongoing support as we advance a unique deposit and work to explore what could become an exciting new gold district.”
Additional highlights from 2024 include:
Construction of the 50-person Valley Camp in additional to Snowline’s 50-person Forks Camp, increasing efficiency and capacity for exploration and project advancement at Valley. Together with the acquisition of a 30-person camp on the Einarson Project, Snowline’s field capacity has increased by 160% from 2023.
100% consolidation of the Einarson Project—a large, underexplored area immediately north of and contiguous with the Rogue Project marked by multiple kilometers-scale geochemical anomalies and prospecting discoveries—including consolidation of Snowline’s Jupiter target and acquisition of the Venus target with historical drill results reported up to 9.67 g/t Au over 38.7 m.
Continued strong results from Valley, including 5.99 g/t Au over 101.0 m within a broader 4.05 g/t Au over 244.9 m from surface in infill hole V-24-078, and 1.61 g/t Au over 435.0 m, including 2.39 g/t Au over 150.5 m in expansionary hole V-24-077. A visible-gold-bearing quartz vein has been observed on average once every 7.2 m through all >53,000 m of drilling to date at Valley. Assays for >8,300 m from 20 holes at Valley are still outstanding.
A robust and growing district-level pipeline, with exploratory drilling conducted on six non-Valley targets, discovery of multiple new RIRGS and orogenic gold targets through prospecting and surface mapping, and enhancement of regional baseline geochemical and geophysical surveys. Assays for >3,300 m from nine holes across two regional targets (Aurelius and Jupiter) are still outstanding.
Strong local support, with 80% of $C30.2M external exploration expenditures spent with Yukon-based companies, including 61% of external exploration expenditures spent with companies owned by or directly partnered with Yukon First Nations.
Formal analyst coverage initiated by four independent industry analysts, bringing total coverage to 10 analysts including four major banks.
Wider institutional ownership, with several cornerstone long funds beginning and/or expanding on large equity positions in Snowline throughout the year.
Expansion of Yukon mineral tenure to 360,000 hectares through early season staking and acquisition, with a geographical focus around the Valley deposit.
Up to C$35.4M in infrastructure funding commitments by the Canadian and United States governments to support possible road and power upgrades for and project advancement on Fireweed Metals Corp.’s adjacent, development-stage critical metals properties near Macmillan Pass, southeast of the Rogue Project’s Valley deposit.
Multiple industry awards recognizing Snowline management and team; in addition to the 2024 Robert E. Leckie Award, these were the Association for Mineral Exploration’s H.H. “Spud” Huestis Award for excellence in prospecting and mineral exploration in BC and/or the Yukon, the Yukon Prospector’s Association’s Prospector of the Year Award, Young Mining Professionals’ Peter Munk Award for contributions to the mining industry, Commodity Discovery Fund’s Discovery Award for the discovery of Valley, and Kitco Mining’s Mining CEO of the Year Award in the non-producing category (for 2023).
Figure 1 – Long section through Valley initial MRE block model. A large zone of continuous, >2 g/t Au mineralization is present from surface. Sequential shells highlighting the distribution of grades are shown on this figure, with classification breakdowns shown in Table 1.Resource blocks are 15 x 15 x 10 m. Only blocks above cutoff grade of 0.4 g/t Au located within the revenue factor 0.72 shell are included in initial MRE for Valley – none of the mineralized blocks shown outside of this shell are included. Holes drilled in 2024 are not yet factored into the MRE and are not included in this figure. For the section display, drill hole grades are composited within 10 m benches and project 25 m in front of and behind section.
Table 1 – An incremental breakdown of the initial MRE for Valley as contained within sequentially expanding shells. It should be read with reference to Figure 1, which illustrates these sequential shells on a long section of the Valley deposit. This table provides a quantitative basis for the description of relatively high-grade, continuous, near-surface mineralization at Valley. The Company believes that the front-heavy distribution of mineralization between these iterative pit shells and the low ratios of waste material to mineralization above cutoff (note only 3,304 kt of waste material in the first incremental pit shell) materially enhance the potential of the project, providing strength and optionality in potential future development scenarios.
Figure 2 – Histogram of the initial MRE for Valley sorted by 20 m elevation brackets, illustrating the near-surface nature of gold distribution in the deposit. Surface elevations across the Valley deposit typically range from 1,170 m to 1,190 m.
Figure 3 – Snowline’s new 50-person Valley Camp, within 300 m of the Valley deposit, is a key infrastructure component that allowed the Company to complete a 35,000 m drill program with a high level of efficiency.
Figure 4 – Members of the Snowline team celebrating the close of a successful 2024 field season during the Yukon Geoscience Forum in November 2024.
LOOKING AHEAD TO 2025
With a strong treasury and five diamond drills parked on site at the Rogue Project, Snowline is looking forward to another highly active exploration season in 2025. Through the upcoming year, the Company will adhere to its commitment to safe, environmentally sound, and socially responsible exploration, building on its economic engagement within the Yukon and further strengthening lines of communication, engagement and collaboration with First Nations and Yukon communities.
The scale and nature of the 2025 program will be finalized early in the coming year, but the program will continue to pursue two primary operational objectives: 1) continued exploration of the open Valley deposit, as well as significant progress towards economic assessment and environmental baseline studies to support permitting efforts, and 2) to follow up on promising results from other targets on Rogue and on the Company’s surrounding projects with the goal of establishing a new gold district. An updated MRE incorporating the 25,099 m of drilling at Valley in 2024 is planned for the first half of 2025.
Figure 5 – Project location map for Snowline Gold’s eastern Selwyn Basin projects: Rogue, Einarson, Ursa, Cynthia and Olympus. The Valley deposit is one of a cluster of prospective reduced intrusion-related gold targets on the broader 30 x 60 km Rogue Project and the surrounding area.
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is exploring its flagship 111,000 ha (1,110 km2) Rogue Project in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits. The Company’s first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Since its launch in 2021, Snowline has progressed the Rogue Project’s Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold Indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz Inferred mineral resource at 1.25 g/t Au within a revenue factor 0.72 pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,” authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by Thomas K. Branson, M.Sc., P. Geo., VP Exploration of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
For specifics of the initial MRE at Valley, please see the Company’s July 23, 2024, NI 43-101 Technical Report and Mineral Resource Estimate for the Rogue Project, available on our website and on SEDAR+.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, plans to release an updated mineral resource estimate in H1 2025, future advanced permitting and development activities, the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
