SNOWLINE GOLD CORP - SNWGF STOCK NEWS

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.

Snowline Gold Corp. has successfully completed an oversubscribed C$31.9 million financing, consisting of a bought deal private placement of charity flow-through common shares and a non-brokered private placement. The Company raised a total of C$31,907,850, with existing shareholder B2Gold Corp. maintaining its 9.9% interest in Snowline. The proceeds will fund Canadian exploration expenses for projects in the Yukon Territory until December 2025. The financing allows Snowline to expand exploration activities and advance its Canadian gold district projects.

Snowline Gold consolidates 100% ownership of its Einarson Project and acquires an adjacent gold target with historical drill results of 9.67 g/t Au over 38.7 m. The company also expands its Yukon land position to over 360,000 ha, enhancing its exploration potential. Snowline aims to capitalize on the promising gold targets at Einarson, Rogue, and surrounding projects, with a focus on advancing its Valley gold discovery.

Snowline Gold Corp. announces the early, voluntary exercise of 5 million warrants for total proceeds of C$12.5 million, strengthening the company's treasury position to C$46.3 million. Ana Maria Cox de Gubbins expands her shareholding to 10.6% through the acquisition. The CEO acknowledges the pivotal support and confidence shown by Ms. Cox.

Snowline Gold Corp announces the discovery of a new gold system target, Aurelius, on its Rogue Project in Canada. The target shows anomalous gold values in soil samples, with rock chip samples averaging 2.01 g/t Au over 17.0 m and 2.31 g/t Au over 14 m. The mineralization is hosted in altered sedimentary and volcanic rocks near granodiorite outcrops. Snowline plans to aggressively explore Aurelius in 2024, including potential drilling.