¬Snowline Gold Congratulates Fireweed Metals on Strategic Funding and Highlights Infrastructure Benefits for Region
Snowline Gold reports that Fireweed Metals Corp. has secured significant government funding totaling up to C$35.4 million from Canada and the US Department of Defense. The funding includes C$12.9 million from the Canadian government for infrastructure development along the North Canol Road corridor. This infrastructure investment could potentially benefit Snowline's Valley deposit and the broader minerals district. The funding aligns with recent government initiatives studying a possible Yukon-British Columbia power grid connection.
Snowline Gold riporta che Fireweed Metals Corp. ha ottenuto finanziamenti governativi significativi per un totale di C$35.4 milioni dal Canada e dal Dipartimento della Difesa degli Stati Uniti. Il finanziamento include C$12.9 milioni dal governo canadese per lo sviluppo delle infrastrutture lungo il corridoio della North Canol Road. Questo investimento nelle infrastrutture potrebbe potenzialmente avvantaggiare il deposito di Snowline nella Valle e l'intero distretto minerario. Il finanziamento è in linea con le recenti iniziative governative che studiano una possibile connessione della rete elettrica tra Yukon e Columbia Britannica.
Snowline Gold informa que Fireweed Metals Corp. ha asegurado financiación gubernamental significativa por un total de C$35.4 millones de Canadá y el Departamento de Defensa de los Estados Unidos. La financiación incluye C$12.9 millones del gobierno canadiense para el desarrollo de infraestructura a lo largo del corredor de la North Canol Road. Esta inversión en infraestructura podría beneficiar potencialmente el depósito de Snowline en el Valle y el distrito mineral en general. La financiación se alinea con las recientes iniciativas gubernamentales que estudian una posible conexión de la red eléctrica entre Yukón y Columbia Británica.
Snowline Gold는 Fireweed Metals Corp.가 캐나다 및 미국 국방부로부터 총 C$35.4 백만의 상당한 정부 자금을 확보했다고 보고했습니다. 이 자금은 North Canol Road 회랑을 따라 인프라 개발을 위한 캐나다 정부의 C$12.9 백만을 포함합니다. 이 인프라 투자로 인해 Snowline의 Valley 광상과 더 넓은 광물 지구에 잠재적인 혜택이 있을 수 있습니다. 이 자금 지원은 최근 유콘과 브리티시컬럼비아 간의 전력망 연결 가능성을 연구하는 정부의 이니셔티브와 일치합니다.
Snowline Gold rapporte que Fireweed Metals Corp. a sécurisé un financement gouvernemental significatif s'élevant à C$35.4 millions du Canada et du Département de la Défense des États-Unis. Le financement comprend C$12.9 millions venant du gouvernement canadien pour le développement des infrastructures le long du corridor de la North Canol Road. Cet investissement dans les infrastructures pourrait potentiellement bénéficier au gisement de la Vallée de Snowline et au district minéral plus large. Le financement s'aligne sur les récentes initiatives gouvernementales qui étudient une possible connexion du réseau électrique entre le Yukon et la Colombie-Britannique.
Snowline Gold berichtet, dass Fireweed Metals Corp. erhebliche staatliche Fördermittel in Höhe von insgesamt C$35.4 Millionen von Kanada und dem US-Verteidigungsministerium gesichert hat. Die Finanzierung umfasst C$12.9 Millionen von der kanadischen Regierung für den Ausbau der Infrastruktur entlang des North Canol Road-Korridors. Diese Infrastrukturinvestition könnte potenziell Snowlines Valley-Lagerstätte und den weiteren Mineralienbezirk zugutekommen. Die Finanzierung steht im Einklang mit den jüngsten Regierungsinitiativen zur Untersuchung einer möglichen Verbindung des Kraftnetzes zwischen Yukon und British Columbia.
- Potential infrastructure improvements near Valley deposit without direct company investment
- Strategic location advantage from government-funded regional development
- None.
Fireweed Metals Corp., a base-metals exploration and development company with critical metals deposits located southeast of Snowline's flagship projects, has secured up to C
$35.4M funding from the Government of Canada and the United States Department of Defense for regional infrastructure studies and project advancement.Funding of up to C
$12.9M from the Government of Canada will support road and power infrastructure planning along the North Canol Road corridor, with potential benefits to the broader minerals district including Snowline's Valley deposit.Funding awards dovetail with recent government announcements detailing studies into a Yukon-British Columbia power grid connection, showcasing a forward-looking commitment to responsible infrastructure development for the Yukon.
VANCOUVER, BC / ACCESSWIRE / December 16, 2024 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") congratulates Fireweed Metals Corp. ("Fireweed") on securing significant Canadian and United States government funding in support of their critical minerals projects at Macmillan Pass, Yukon Territory, including funding towards regional power infrastructure and road improvements that could benefit multiple groups in the district.
"We are excited about the positive impact that this infrastructure funding could have on the broader minerals district, including Snowline's flagship assets, and we commend the Fireweed team for their effort and initiative," said Scott Berdahl, CEO & Director of Snowline. "In recent years, Macmillan Pass and the surrounding Selwyn Basin have demonstrated clear potential towards becoming an important foundation of the Yukon's economic future and an important contributor of responsibly sourced metals to the North American supply chain. A shared infrastructure corridor could maximize such benefits while minimizing cumulative impacts.
"And while Snowline's focus remains on our gold exploration targets and our Valley deposit, our mineral claims cover geology prospective for critical minerals, particularly for zinc and tungsten. We see additional potential for critical minerals biproducts from primary gold systems on our claims."
The funding announced by Fireweed comprises up to C
From Fireweed's December 13, 2024 release:
The CMIF funding will support Fireweed's implementation of the first phase (Phase I) of the "North Canol Infrastructure Improvement Project" ("NCIIP"), which includes developing preliminary designs for approximately 250 kilometers of road improvements, as well as upgrades to an existing transmission line between Faro and Ross River, and the construction of a new transmission line from Ross River to Macmillan Pass. The effort also includes seeking the consent of local Indigenous groups, completing necessary environmental assessment processes and facilitating multi-party project agreements necessary to advance NCIIP toward construction (Phase II).
The balance of the C
YUKON ELECTRICAL GRID CONNECTION
In September 2024, the Government of Yukon announced receipt of a C
ABOUT SNOWLINE GOLD CORP.
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is exploring its flagship 111,000 ha (1,110 km2) Rogue Project in the highly prospective yet underexplored Selwyn Basin. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits. The Company's first-mover position and extensive exploration database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Since its launch in 2021, Snowline has progressed the Rogue Project's Valley target from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled "Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate," authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.
QUALIFIED PERSON
Information in this release has been prepared under supervision of and approved by J. Scott Berdahl, M.Sc., P. Geo., CEO of Snowline Gold Corp, as Qualified Person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD
Scott Berdahl
CEO & Director
For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements regarding the future of infrastructure development in the region around the Company's claims, the potential for critical minerals discovery and critical minerals biproducts on the Company's claims, the discovery potential within the Valley intrusion and on other exploration targets, the potential for investors to participate in multiple future discoveries, the Rogue project having district-scale prospectivity, the creation of a new gold district and the Company's future plans and intentions. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
SOURCE: Snowline Gold Corp.
View the original press release on accesswire.com
FAQ
How much government funding did Fireweed Metals receive that could benefit SNWGF's Valley deposit area?
What infrastructure improvements are planned near SNWGF's Valley deposit?
How will the government infrastructure funding impact SNWGF's Valley deposit?
Which government entities are funding infrastructure development near SNWGF's projects?
