Snowline Gld - SNWGF STOCK NEWS

Snowline Gold Corp. reported promising assay results from its 2022 drilling at the Valley Zone, Rogue Project, Yukon. Hole V-22-010 intersected 2.55 g/t Au over 318.8 meters, including 4.14 g/t Au over 108.0 meters from bedrock surface, demonstrating high-grade mineralization continuity. Assays for 28.3 of 32 holes drilled remain pending. The company has initiated environmental monitoring and engaged a metallurgical consultant to evaluate gold recovery processes. With 91% of analytical results outstanding, Snowline remains optimistic about the project's potential.

Snowline Gold's recent acquisition of a 10-property portfolio from StrikePoint Gold has effectively doubled its mineral tenure in the Selwyn Basin, Yukon, to approximately 254,000 ha. The $500,000 cash transaction, coupled with the issuance of 500,000 common shares, adds significant exploration potential targeting reduced-intrusion related gold systems. Ongoing drilling at the Rogue Project's Valley Zone continues to reveal promising gold assays, with notable intervals showing high-density quartz veins. This expansion enhances Snowline's exploration capabilities and potential for future discoveries.

Snowline Gold Corp. (CSE:SGD, OTCQB:SNWGF) reported exciting preliminary assay results from its 2022 drilling program at the Valley Zone, Rogue Project, Yukon. Drill hole V-22-007 yielded 2.30 g/t Au over 282.9 m, including 3.24 g/t Au over 146.0 m from 56.0 m downhole. Another hole, V-22-005, returned 1.52 g/t Au over 192.0 m. The company commenced drilling at the nearby Gracie Zone and is eagerly awaiting assays for remaining holes. The results indicate consistent mineralization and potential economic viability.

Snowline Gold Corp. (OTCQB: SNWGF) reported significant gold-bearing quartz vein mineralization in the Valley Zone of its Rogue project in Yukon, covering an area of approximately 700 m by 800 m. The latest drilling revealed a central corridor with high vein densities, reaching up to 300 m wide and extending 430 m deep. All assays are pending, but the exploration team remains optimistic about the scale of the mineralization, with drilling ongoing and a third drill mobilized to further explore the area.

Snowline Gold Corp. has successfully completed the second tranche of its non-brokered private placement, raising C$2,927,866 by issuing 2,342,293 units at C$1.25 each. Each unit includes one common share and half a warrant, the latter exercisable at C$2.50 until August 2, 2024. Proceeds will support exploration in the Yukon Territory and general working capital. Crescat Capital LLC participated to maintain its interest, constituting a related party transaction. All securities are subject to a four-month hold period.

Snowline Gold Corp. has announced a five-year lease with Nacho Nyak Dun Development Corporation for a 27 kW solar generator at its Forks camp in the Yukon. This system, operational now, is expected to significantly reduce diesel consumption by up to 12,572 liters annually, leading to a 90% decrease in carbon emissions. The collaboration also supports economic impacts for the First Nations community. The project enhances operational efficiency, improves working conditions for employees, and exemplifies Snowline's commitment to sustainable practices and innovation.

Snowline Gold Corp. (CSE:SGD) (US OTC:SNWGF) has announced a non-brokered private placement to issue up to 7,000,000 flow-through common shares at C$1.40 each, raising up to C$9.8 million, and up to 12,342,293 units at C$1.25 each, for total proceeds of C$15.4 million. Proceeds will support exploration in the Yukon Territory and for general working capital. The offering is expected to close in two tranches, with specific conditions and a four-month hold period. The company's projects are positioned within the Tintina Gold Province, offering potential for significant discoveries.

Snowline Gold Corp. (CSE:GD, OTCQB:SNWGF) reports significant findings from drill hole V-22-007 at its Rogue Project's Valley Zone, encountering 415 m of intense mineralization including 26 visible gold instances. This drill represents a 340 m extension from previous drilling and confirms a robust mineralizing system. A second drill rig is now operational, having intersected mineralization in hole V-22-008, expanding the known mineralization footprint. Assay results for all holes are pending, indicating that while visual results are promising, full evaluations depend on the upcoming assays.

Snowline Gold Corp. (OTCQB: SNWGF) reports significant mineralization in its first drill hole, V-22-005, at the Rogue project's Valley Zone in Yukon, Canada. The hole has intersected sheeted quartz veins with visible gold, expanding the known mineralized corridor by 150 metres. Drilling is ongoing, with assay results pending. CEO Scott Berdahl emphasized the encouraging initial findings, yet the true significance awaits the assay data. Snowline has a seven-project portfolio in the Yukon, highlighting its potential for gold discoveries.