SNOWLINE GOLD CORP - SNWGF STOCK NEWS

Snowline Gold Corp. (US OTC: SNWGF) reported its first two drill holes at the Valley target in the Yukon, revealing trace visible gold over significant lengths of 161 m and 242 m. A 900 x 150 m soil anomaly associated with gold content was identified, with soil samples showing grades up to 3.36 g/t Au. The company's exploration efforts include soil sampling and identifying auriferous quartz veins, leading to positive prospects for a gold district in the Selwyn Basin. However, actual resource potential remains uncertain until assay results are obtained, projected to take 1-2 months.

Snowline Gold Corp. (SNWGF) reported significant drilling results from the Jupiter Zone at its Einarson project in Yukon. Notable findings from drill hole J-21-011 include high-grade gold intervals of 13.2 g/t Au over 6.5 m, and 10.4 g/t Au over 5.0 m. The average gold grade found across 163.5 metres is 1.14 g/t Au. The ongoing drilling phase is nearing completion, with results from additional holes pending, indicating the potential for a substantial gold system. The company aims to further explore its promising gold project portfolio.

Snowline Gold Corp. has appointed Scott Berdahl as its new Chief Executive Officer, effective immediately. Berdahl, previously the Chief Operating Officer, brings over 15 years of industry experience and advanced academic qualifications, including degrees from MIT and INSEAD. He is expected to strengthen the company's technical focus as it explores its key gold projects in the Yukon Territory, covering over 90,000 hectares. This leadership transition follows the departure of former CEO Nikolas Matysek, who contributed to the company’s foundation and growth.

Snowline Gold Corp. (CSE:SGD) (OTCQB:SNWGF) reported positive initial drill results from its Jupiter Zone at the Einarson project in Yukon, intersecting mineralization in all 15 holes drilled across a 930-metre soil anomaly. Notable findings include 3.96 g/t gold over a 7.05-metre interval in hole J-21-006 and 4.10 g/t gold over a 4-metre interval in hole J-21-007. Additional assays are pending for holes J-21-008 to J-21-011, which showed broader zones of mineralization. The results indicate the potential for a large, robust mineralizing system at Jupiter.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) has successfully completed a non-brokered private placement, raising C$999,999.70 through the issuance of 2,857,142 Units at C$0.35 each. Each Unit includes one common share and half a warrant, exerciseable at C$0.53 until July 16, 2023. Proceeds will be used to advance the Ursa gold project. Crescat Capital maintains a pre-emptive right to retain its stake as long as it holds more than 2% of the shares. All securities are subject to a four-month hold period, expiring on November 17, 2021.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) has secured a strategic investment from Crescat Capital LLC as part of a C$1,000,000 non-brokered private placement. The funds will support the Ursa gold and base metals project and a 1,500 metre diamond drill programme. This placement aims to enhance exploration in the Selwyn Basin, Yukon. Crescat will own approximately 6.7% of Snowline post-offering. The Ursa project showcases significant geochemical anomalies, indicating potential for substantial mineral discovery.

Snowline Gold Corp. announced positive results from its Phase I drilling at the Jupiter Zone, with all nine holes intersecting a near-surface mineralized structure over a 230-meter strike length. Drilling has recovered 1,560 meters of core, with widths ranging from 0.2 to 21.7 meters, and assay results are pending. The initial findings suggest potential for an extensive gold-bearing system, with the company also advancing exploration at the Rogue Project. Full assay results are expected by mid-August, providing further insights into the mineralization's significance.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) announced the appointment of Matthew Roma as Chief Financial Officer (CFO) and Corporate Secretary, effective immediately. With over 10 years of experience in financial management, predominantly within junior mining, Roma's expertise follows Natasha Tsai stepping down to pursue other opportunities. Additionally, the company granted 700,000 stock options to directors and consultants, exercisable at C$0.35 until July 2026. Snowline Gold continues to explore its significant portfolio in the Yukon Territory, focusing on its flagship Einarson and Rogue projects.

Snowline Gold Corp. has announced its common shares' approval for trading on the OTCQB Venture Market, commencing under the symbol SNWGF. This upgrade reflects the company's commitment to high financial standards and governance. Snowline, focused on gold exploration in the Yukon Territory, holds a significant 7-project portfolio covering over 90,000 hectares. Its flagship projects, Einarson and Rogue, in the Selwyn Basin, are set for drilling in June 2021, tapping into a region known for substantial gold deposits.