Snowline Gld - SNWGF STOCK NEWS

Snowline Gold Corp (TSX-V:SGD)(OTCQB:SNWGF) has announced significant drilling results from its Valley deposit on the Rogue Project in Yukon Territory. Hole V-24-078 returned 4.05 g/t Au over 244.9 m from surface, including 5.99 g/t Au over 101.0 m, demonstrating strong continuity of high-grade, near-surface gold mineralization. The company also discovered two new gold targets:

1. Charlotte: A newly discovered reduced intrusion-related gold system on the Rogue Project, with grab samples up to 28.4 g/t Au.

2. Galatea: A new epizonal orogenic target on the Einarson Project, featuring a 1.3 km quartz-carbonate boulder train with grab samples up to 6.11 g/t Au.

Drilling is ongoing at Valley and Jupiter targets, with assays pending for over 22,500 m drilled across 7 targets.

Snowline Gold Corp (TSX-V:SGD, OTCQB:SNWGF) has announced significant drill results from its Valley deposit and Jupiter target in Yukon, Canada. At Valley, hole V-24-077 intersected 1.61 g/t Au over 435.0 m, including 2.39 g/t Au over 150.5 m, potentially expanding the current mineral resource estimate. At Jupiter, hole J-24-022 returned 6.88 g/t Au over 6.3 m, including 13.9 g/t Au over 2.0 m, expanding the known width of the system.

The company has drilled 17,400 m in 37 holes at Valley in 2024, with assays pending for over 21,000 m across 7 targets. Trace amounts of visible gold were observed in regional drilling at the Aurelius and Sydney targets. Snowline's CEO, Scott Berdahl, expressed satisfaction with the progress in de-risking and potentially growing the initial mineral resource estimate at Valley.

Snowline Gold Corp (TSX-V:SGD)(OTCQB:SNWGF) announced impressive drill results from its Valley deposit at the Rogue Project in Yukon. Highlights include:

1. Hole V-24-075: 471.6 m averaging 2.38 g/t Au, including 302.1 m of 3.20 g/t Au from surface

2. Hole V-24-073: 325.0 m averaging 2.57 g/t Au, including 136.0 m averaging 4.84 g/t Au from surface

These results exceed initial mineral resource estimate predictions, demonstrating strong grade continuity. The company also reported widespread alteration and mineralization in first-ever drilling at the Aurelius target. Snowline's ongoing 5-drill program has completed over 15,600 m of drilling with assays pending. An updated NI 43-101 technical report for the Einarson Project was also filed.

Snowline Gold Corp (TSXV:SGD)(OTCQB:SNWGF) has filed an updated NI 43-101 Technical Report for its Rogue Gold Project in Yukon, Canada. The report, effective May 15, 2024, supports the initial mineral resource estimate for the Valley deposit announced on June 17, 2024. Exploration update: The company has drilled over 16,000 m of its planned 25,000+ m program for 2024, with 5 active drill rigs. Valley target: 3 rigs, ~12,500 m drilled. Jupiter target (Einarson Project): 1 rig, ~2,000 m of 4,000 m planned. Cujo target: 3-hole, 1,067 m Phase II program completed. Aurelius target: 1 rig, over 400 m completed in one hole, second hole underway in 1,000 m Phase I program.

Snowline Gold Corp (TSX-V:SGD)(OTCQB:SNWGF) has announced promising results from its 2024 exploration campaign in Canada's Yukon Territory. Highlights include:

1. Hole V-24-071 at the Valley deposit returned 449.7 m averaging 1.77 g/t Au from surface, including 169.2 m of 2.89 g/t Au, outperforming initial resource estimates by 36%.

2. Hole V-24-072 yielded 404.8 m averaging 2.27 g/t Au, including 100.8 m of 4.67 g/t Au from surface.

3. Drilling at the Jupiter target on the Einarson Project encountered visible gold in a 174 m step-out.

4. Ongoing drilling program with 5 rigs, with assays pending for an additional 13,000 m drilled to date.

These results underscore the strength and consistency of the Valley deposit, particularly in high-grade, near-surface gold mineralization.

Snowline Gold has announced an initial Mineral Resource Estimate (MRE) for its Valley Gold Deposit on the 100% owned Rogue Project in Yukon Territory, Canada.

The MRE includes 76 million tonnes (Mt) of Indicated Mineral Resources at 1.66 grams per tonne (g/t) gold (Au) for 4.05 million ounces (Moz) and 81 Mt of Inferred Mineral Resources at 1.25 g/t Au for 3.26 Moz. The resource is constrained by a 0.72 revenue factor pit shell and reported above a 0.40 g/t Au cut-off grade.

The discovery is marked by continuous, non-refractory gold mineralization, with substantial higher-grade mineralization starting from the bedrock surface.

The ongoing 2024 drill program has three drills active, with approximately 4,000 meters drilled so far. The Valley Deposit occupies less than 0.01% of Snowline's land holdings, suggesting district-level potential.

Snowline believes that Valley has the potential for significant expansion with open zones of higher-grade mineralization found beyond the current pit shell limits.

Snowline Gold has appointed Gil Lawson to its Board of Directors. Lawson, a seasoned mining engineer, brings over 38 years of experience across various senior roles in notable mining companies including Placer Dome, De Beers Canada, and Goldcorp. His expertise encompasses project development, mine planning, and mine management, with notable stints as the COO of TMAC Resources and Calibre Mining's Valentine Gold Project. Lawson also played a pivotal role as an independent director for Great Bear Resources, aiding in its acquisition by Kinross. Snowline's leadership highlights Lawson's strategic fit, emphasizing his technical acumen and potential to bolster Snowline's growth and project development in Canada's emerging gold districts.

Snowline Gold has commenced its largest exploration to date with a 25,000+ metre drill program focusing on its Rogue and Einarson projects in Yukon, Canada. The campaign includes 15,000+ metres dedicated to expanding the Valley target and 10,000+ metres for first pass and follow-up drilling on other targets. A second 50-person camp will be built near the Valley target to support the expanded drill campaign. The company is also conducting extensive surface exploration, including soil sampling and geophysical surveys. Additionally, Snowline has completed the consolidation of 100% interest in the Einarson project and acquired an adjacent block of claims. The new camp should be operational by mid-June 2024.

Snowline Gold Corp announced the discovery of four new reduced intrusion-related gold system targets at its Rogue and Cynthia Projects in Yukon, Canada. Visible gold was found in outcrop samples at up to 86.5 grams per ton of gold. The Rogue Project revealed three new targets, while the Cynthia Project unveiled an additional target.