![]() ![]() The newly acquired Reid claims cover an exposed reduced intrusion adjacent to an open, 1 x 1 km gold-in-soil-and-talus-fine anomaly delineated by Snowline through surface sampling (Figure 2). I look forward to the realization of this opportunity with so many benefits for the Yukon and its people." I consider it a privilege to add our mineral claims, with their excellent historical drill results, to Snowline's impressive land package. In my view the Yukon is the best place in the world for explorers. ![]() On behalf of the vendors of the claims, Anthony Beruschi added: "Congratulations to the Snowline team on their wonderful gold discovery at the Rogue project, where skill and hard work have led to exploration success. Not shown are 30 "WEAS" claims, covering an intrusion some 26 km to the south (Figure 3). Grab samples are selective in nature and don't necessarily represent bulk tonnage grades. Highlight historical samples noted herein have not been verified by the Company, but they provide evidence for the general gold endowment of the broader Rogue Project area. We are thrilled to bring this collection of targets into the fold, and to give our shareholders much more exposure to the unique exploration potential of the Yukon's newest gold district."įigure 1 - The Rogue Plutonic Complex (red), showing Snowline Gold's newly acquired claims (yellow squares) against the Company's pre-existing Rogue Project (medium blue). The Valley discovery has since shown that the necessary components are present at Rogue to produce substantial bulk-tonnage gold systems with unusually high grades for the RIRGS deposit type. Alongside the strongly anomalous gold values from regional stream sediment geochemistry samples draining many parts of the Rogue Plutonic Complex, these historical results were a key draw in attracting our initial attention to Rogue. This claim package covers a first-mover land position based on early exploration efforts in the area. The historical results from the 1996 drilling provide strong additional evidence of the gold potential of the Reid intrusion and of the many other intrusion-related gold targets on our Rogue Project outside of our Valley discovery. "We are excited to explore the Reid target as a part of our 2023 drill campaign at Rogue. "This acquisition is a significant step in the transition of Snowline's Rogue Project from a discovery to a district," said Scott Berdahl, CEO & Director of Snowline. *Drilled widths reported, true widths not determined. These results have not been directly verified by the Company but are believed to be generally indicative of the potential for gold endowment at the target, particularly given anomalous gold in nearby talus fines sampled by the Company and given the demonstrated fertility of the Valley intrusion 8 km to the west of Reid. ![]() Table 1 - Historical diamond drill highlights reported in 1996 from the Reid target. These results have not been verified by the Company, but descriptions of geology and mineralization intersected by this drilling, including visible gold in sheeted quartz veins and the poly-phase nature of the intrusion, are consistent with observations made in drilling at Valley, demonstrating the potential for regional gold fertility. A historical diamond drill intersection at the "Reid" target roughly 8 km east of Valley and 4 km east of Gracie reported 2.1 g/t Au over 96.0 m within 234.7 m of 0.94 g/t Au, including high-grade intersections of 76.9 g/t Au and 26.7 g/t Au over 1.5 m each, within a granodiorite stock with similarities to the Valley intrusion. Historical work on these claims suggests the presence of multiple reduced-intrusion related gold systems (RIRGS) within the Rogue Plutonic Complex, the geological system which hosts Snowline's Valley discovery. (TSX-V:SGD)(OTCQB:SNWGF) (the " Company" or " Snowline") is pleased to announce purchase from two arm's-length entities of a mineral property portfolio comprising 92 claims in the vicinity of its Rogue Project in the Yukon Territory, Canada. VANCOUVER, BC / ACCESSWIRE / J/ SNOWLINE GOLD CORP. Additional targets with promising historical drill and surface sampling results throughout acquired portfolio solidify Snowline's position in the district and highlight broader potential of the Rogue Plutonic Complex.Claims include historical drill intersection of 2.1 g/t Au over 96.0 m from within poly-phase granodiorite "Reid" intrusion 8 km east of Snowline's Valley discovery, and on trend with the Gracie target.Snowline purchases 92 long-held mineral claims (roughly 1,920 ha) constituting 10 targeted claim blocks within and adjacent to its Rogue Project. ![]()
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