Snowline Gold Discovers Promising Gold Intersections at Valley Deposit in Yukon

Snowline Gold Corp has announced significant drill results from its Valley deposit located in the Yukon Territory, Canada. The latest findings reveal extensive gold mineralization, with notable intersections that could enhance the project's potential.

Key Takeaways

• Snowline Gold reports 351.6 meters of 1.2 grams per tonne (g/t) gold, including 166.1 meters of 2.1 g/t gold from surface.
• The drilling campaign is part of the 2024 exploration efforts at the Rogue Project.
• Results indicate consistent mineralization across the northeast and southeast edges of the Valley deposit.
• The company is awaiting results from over 11,600 meters of drilling across three targets.

Overview of Drill Results

The recent drilling campaign at the Valley deposit has yielded promising results, showcasing the robust nature and scale of mineralization. According to Scott Berdahl, CEO & Director of Snowline, the seven holes tested a spatial footprint of approximately 600 by 450 meters, primarily focusing on the margins of the deposit. The results consistently delivered intervals of hundreds of meters of continuous mineralization, generally exceeding one gram per tonne gold, with some intervals surpassing two grams per tonne.

Detailed Results

The highlight of the drilling results includes:

• Hole V-24-099: Located within the Valley intrusion, this hole is approximately 40 meters northeast of hole V-23-044, which previously reported 295.9 meters at 1.32 g/t gold from surface, including 157.0 meters at 2.03 g/t gold.
• Hole V-24-098 to V-24-104: These holes have shown strong results, contributing to the understanding of the Valley deposit's mineralization.

Future Prospects

Snowline Gold is optimistic about the ongoing drilling campaign, with 20 additional holes still to be analyzed. The company plans to incorporate these new findings into an updated mineral resource estimate, which will provide a clearer picture of the Valley deposit's potential.

The results from the Valley deposit are particularly encouraging, as they highlight the consistency and strength of the mineralization. As the company continues its exploration efforts, stakeholders are eager to see how these findings will impact the overall project and its future developments.

Conclusion

The recent drill results from Snowline Gold's Valley deposit signify a promising step forward in the company's exploration endeavors. With substantial gold intersections and ongoing drilling, the potential for further discoveries remains high, positioning Snowline Gold as a key player in the mining sector in Yukon.

Sources

• Snowline Gold Intersects 351.6 m of 1.2 Grams Per Tonne Gold Including 166.1 m of 2.1 Grams Per Tonne Gold from Surface Along with Multiple Strong Hits at Its Valley Deposit, Yukon, Yahoo Finance.