Initial Mineral Resource Estimate defined for the Valley Gold Deposit, located on Snowline’s 100% owned Rogue Project in the Yukon Territory, Canada:
Indicated Mineral Resource: 76 Mt at 1.66 g/t Au for 4.05 million ounces
Inferred Mineral Resource: 81 Mt at 1.25 g/t Au for an additional 3.26 million ounces
Resource is constrained within a revenue factor 0.72 pit shell and reported above a 0.40 g/t Au cut-off grade
Quality of discovery highlighted by continuous, non-refractory gold mineralization, with a significant component of higher-grade mineralization starting from bedrock surface (see Table 3) providing strength and optionality for potential future development scenarios
Initial resource has clear potential for expansion, with open zones of 1-2 g/t Au mineralization across multiple broad edges of the deposit and with abundant mineralization encountered beyond the limits of the current pit shell
The Valley Deposit sits on <0.01% of the Company’s land holdings, within a cluster of high priority targets sharing key geological characteristics with Valley highlighting district level potential
2024 drill program at Valley ongoing, with three drills active on the Valley Deposit and roughly 4,000 m drilled to date (assays pending).
Vancouver, B.C., June 17, 2024: SNOWLINE GOLD CORP. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to report an initial Mineral Resource Estimate (MRE) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) standards for the Valley Deposit, the first discovery on its 100% owned, 1,110 km2 Rogue Project in Canada’s Yukon Territory.

“In just two full exploration seasons, Snowline has advanced its Valley target from greenfield discovery holes to a robust multi-million-ounce gold deposit with continued exploration upside,” said Scott Berdahl, CEO & Director of Snowline. “The rapid advancement is a testament both to the quality of the discovery—with exceptional continuity of strong, non-refractory gold mineralization beginning at surface—and to the quality of the ongoing work by our talented and hard-working field team. We believe that Valley has excellent potential for continued growth, as evidenced by broad intervals of 1-2 g/t gold mineralization returned in drilling on multiple edges of the system. We are actively building on this milestone for Valley with our largest drill campaign to date, currently underway, while testing multiple prospective greenfield targets in a region we believe has the potential to become a prolific minerals district.”

INITIAL MINERAL RESOURCE ESTIMATE OVERVIEW

The initial MRE for the Valley Deposit is prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition ?Standards incorporated by reference in NI 43-101. The initial, revenue factor 0.72 pit shell-constrained MRE contains Indicated Mineral Resources of 76 million tonnes (Mt) at 1.66 grams per tonne gold (g/t Au) for 4.05 million ounces (Moz) gold in addition to Inferred Mineral Resources of 81 Mt at 1.25 g/t Au for 3.26 million ounces gold (Table 1) using a 0.4 g/t Au cut-off grade. The estimate is based on 27,911 metres (m) drill data from all 68 holes at Valley available as of May 15, 2024, prior to the commencement of Snowline’s ongoing 2024 drill campaign. Work is underway to expand on the initial MRE, which supports Snowline’s view that Valley has encouraging potential to host a long-life, high-quality gold mine.

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https://snowlinegold.com/2024/06/17/snowline-gold-announces-initial-mineral-resource-at-its-valley-gold-deposit/