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SNOWLINE GOLD CORP (TSX-V:SGD) (OTCQB:SNWGF) is a Yukon Territory-focused gold exploration company with a portfolio covering over 360,000 hectares. The company's flagship Rogue Project, spanning more than 110,000 hectares, has led to significant discoveries, including the Valley Deposit, a bulk tonnage reduced intrusion-related gold system. Snowline's recent achievements include completing a 'bought deal' private placement, discovery of new gold targets, and mobilizing a large-scale 2024 exploration and drilling program. With an experienced Board of Directors, independent geologists, and a clear focus on sustainable mining practices, Snowline is poised for further growth and success in the prolific Tintina Gold Province.
Snowline Gold Corp. (SNWGF) reports significant geochemical assay results from its Rogue project in Yukon, revealing a 5.1 km zone with anomalous gold values up to 1.71 g/t Au at the Gracie target. Notable findings include 43 soil samples averaging 0.49 g/t Au, with 8 exceeding 1 g/t Au. This zone lies near a probable unexposed intrusion, only 4 km from the Valley discovery. An intact carapace presents a high-priority drill target for 2022. The findings encourage further exploration and surface sampling, enhancing the potential for a large, fertile gold system.
Snowline Gold Corp. has announced the discovery of the Ridge zone, a 1.0 km area with significant gold concentrations adjacent to its Valley discoveries in the Yukon Territory. Surface sampling shows an average of 0.21 ppm Au, with values up to 0.758 ppm Au. This discovery enhances the bulk-tonnage potential of the Valley intrusion. The company plans a busy 2022 exploration season, supported by over $8.5M CAD in treasury, including an 8,000+ m drilling program to further explore its valuable discoveries.
Snowline Gold Corp. reports significant gold intercepts from drill holes V-21-003 and V-21-004 at the Valley zone of its Rogue gold project in Yukon, Canada. V-21-003 returned 1.56 g/t Au over 125.0 m, while V-21-004 returned 0.90 g/t Au over 69.5 m. Both holes indicate broad zones of gold mineralization associated with visible gold in sheeted vein arrays. Snowline plans an extensive drill program in 2022 to explore the Valley discovery further, supported by a treasury of over $8.5 million CAD.
Snowline Gold Corp. announced promising drill results from Phase I at its Valley zone in the Rogue gold project, Yukon. Hole V-21-001 revealed an average of 1.27 g/t Au over 108 m, contributing to a broader zone averaging 1.09 g/t Au over 135 m. The entire hole averaged 0.95 g/t Au. This follows the earlier results from Hole V-21-002, indicating continuity in gold grades. Two additional holes have also intersected similar mineralization, with assay results pending. The company is preparing for an expanded drilling program in 2022.
Snowline Gold Corp. (SNWGF) announced initial results from its drilling at the Valley zone within the Rogue gold project in Yukon. Notably, hole V-21-002 intersected 1.01 g/t Au over 136.75 m, with a broader mineralized zone averaging 0.85 g/t Au over 186 m. All four drill holes at Valley showed visible gold and similar mineralization. Snowline plans to advance drilling in Spring 2022, further exploring this promising gold system, supported by a treasury of over $8.6M CDN.
Snowline Gold Corp. announced key additions to its management team ahead of a busy 2022 field season. Thomas Branson joins as Exploration Manager, bringing over 15 years of experience and $55M in exploration funding. Steve Rennalls steps in as Operations Manager, having previously managed logistics for several projects. The company also granted 1,190,000 stock options at $0.55 per share. Snowline awaits drill results from the Valley Zone of the Rogue project, where visible gold was detected in all four drill holes.
Snowline Gold Corp. (SNWGF) has announced promising assay results from its drilling at the Jupiter zone of the Einarson gold project in Yukon, Canada. Drill hole J-21-020 yielded 8.3 g/t Au over 4.7 meters, including 22.1 g/t Au over 1.1 meters. This highlights the potential scale of the mineralization system, as the hole is located near previous high-grade hits. Assays for four other holes at the nearby Valley zone are pending. The results indicate significant mineralization and potential for further discoveries at this new target area.
Snowline Gold Corp. has successfully completed a non-brokered private placement, issuing 757,575 flow-through common shares at C$0.66 each and 8,783,783 premium flow-through common shares at C$0.74 each, garnering approximately C$7 million. The funds will be allocated toward exploration of the Company’s Yukon mineral properties, qualifying as Canadian Exploration Expenses. Each share purchase is accompanied by a warrant exercisable at C$0.75 until December 17, 2023. The deal strengthens Snowline's financial position for the upcoming exploration program.
Snowline Gold Corp. announced an over-subscribed private placement, increasing the number of Premium flow-through common shares to a maximum of 8,783,783 at C$0.74 per share, aiming for gross proceeds of up to C$6,500,000. Additionally, the company will issue 757,575 regular flow-through shares at C$0.66 each for up to C$500,000. Proceeds will support exploration in the Yukon Territory. The offering is expected to close on December 15, 2021.
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