お知らせ • Aug 30
Snowline Gold Corp. Announces Additional Analytical Results from its 2024 Valley Deposit Drilling Campaign on the Rogue Project in Canada's Yukon Territory, Along with the First Drill Results from its Jupiter Target, Einarson Project
Snowline Gold Corp. announced additional analytical results from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada's Yukon Territory, along with the first drill results from its Jupiter target, Einarson Project, since consolidation of 100% ownership of Einarson earlier this year. Drilling is ongoing at Valley and on other targets, with assays pending for an additional 21,278 m drilled to date. Drilling at the Rogue Project's Valley deposit is ongoing, with three drills currently active on the deposit. To date, roughly 17,400 m have been drilled at Valley in 37 holes in 2024. Trace instances of visible gold and widespread sheeted quartz vein arrays have been observed both within and beyond the confines of the current, initial MRE for Valley. The Company awaits full assay results from the ongoing drill campaign to assess the significance of these observations and their impact on the MRE. Hole V-24-077: Hole V-24-077 is collared within the Valley intrusion, as a 140 m step back along section from V-23-034 (418.3 m @ 1.88 g/t Au from surface including 216.0 m @ 3.08 g/t Au. The nearest holes are V-23-045 (517.9 m @ 1.14 g/t Au from surface including 125.5 m @ 1.75 g/t Au at 84 m to the west and V-22-015 (442.0 m @ 0.65 g/t Au including 170.0 m @ 1.18 g/t Au. V-24-077 tests material along the edge of the block model used for the initial Valley MRE and along the edge of the current revenue factor 0.72 pit shell used to constrain that MRE. The hole remains primarily in coarse-grained granodiorite, the dominant phase of the intrusion, until roughly 400 m downhole, at which point it transitions into a fine-grained porphyritic phase of the intrusion with zones of igneous breccia. Cross-section A-A', showing V-24-076 and 077 in the context of the initial Valley MRE block model and MRE-constraining revenue factor 0.72 pit shell. The block model has not been updated to reflect the current results, and blocks shown outside of the current pit shell constraint are not included in the initial MRE for Valley. Instances of visible gold in holes awaiting assay results are marked by yellow spheres. The released holes are projected onto the same plane from a total width of roughly 100 m-relative positions can be seen in the plan map in Figure 1. Hole V-24-077 is collared as a 140 m step-back from V-23-034, to assess strength and continuity at the edge of the current model and to potentially expand it. The hole begins with two intersections of lower grade mineralization (54.0 m averaging 0.37 g/t Au from bedrock surface at 6.0 m downhole and 37.5 m averaging 0.46 g/t Au from 76.5 m downhole) before hitting a sustained run of 435.0 m averaging 1.61 g/t Au from 120 m downhole until the end of the hole at 555.0 m, including a higher-grade interval of 2.39 g/t Au over 150.5 m beginning at 206.5 m downhole. Zones of higher grades include 7.62 g/t Au over 20.0 m (including 35.7 g/t Au over 1.5 m) from 239.0 m downhole. The results are expected to expand the limit of the current block model and to expand the extent of above cut-off (>0.4 g/t Au) and higher-grade domains. The ultimate effect of this result will be quantified along with analytical results of all subsequent holes in an updated mineral resource estimate at a later time. The consistency of strong mineralization in the deposit is reinforced by the capped values in the rightmost column, wherein any assay result >10 g/t Au is replaced by 10.0 g/t Au to calculate the average interval grades. Interval widths reported; true widths of the system are not yet known, with different vein generations, orientations, and grade distributions present within various intervals through the bulk tonnage gold target at Valley. Visible gold in AU-24-003, Aurelius target, Rogue Project, at 344.0 m downhole. The trace occurrence was noticed after core cutting for sampling, and it is in a vein hosting pyrrhotite, bismuth-lead sulphides, pyrite and chalcopyrite. Assays for AU-24-003 and all holes at Aurelius are pending, with drilling at the target ongoing.
Snowline currently has two drill rigs active on regional targets: one active on an expanded Phase I drill program on the Rogue Project's Aurelius target, the other completing the first ever drill testing of the Einarson Project's Avalanche Creek orogenic gold target. Assays are currently pending for more than 8,100 m drilled on regional targets outside of Valley, namely: Aurelius (4 holes), Cujo (3 holes) and Reid (1 hole) on the Rogue Project, Sydney (3 holes) on the Cynthia Project, and Jupiter (6 holes) and Avalanche Creek (2 holes) on the Einarson Project. Jupiter Target, Einarson Project: At Jupiter, assays have been received for the first two holes drilled in 2024. Both holes encountered elevated to anomalous (>1 g/t Au, to a high of 13.9 g/t Au over 2.0 m in J-22-024) gold mineralization, expanding the width and depth of the known mineralized system at Jupiter. Hole J-24-022 was drilled as a 170 m step-back from J-21-015 (3.6 m @ 13.7 g/t Au, including 0.95 m @ 25.2 g/t Au. It encountered 3 primary zones of mineralization. The upper zone, averaging 3.50 g/t Au over 3.7 m, is interpreted as a new mineralized structural corridor subparallel to mineralization encountered in 2021. The lower two zones, including an interval of 6.87 g/t Au over 6.3 m downhole, along with mineralization seen in J-24-023, extend to depth the mineralized corridor encountered in 2021. Assays for an additional 2,444 m in 6 holes from the Jupiter target are pending. Sydney Target, Cynthia Project: A 3-hole, 1,344 m Phase I drilling program has recently been completed at the Sydney target, Cynthia Project, representing the first-ever drill testing of the recently delineated RIRGS target located south of Rogue, near the Plata winter trail. Widespread sheeted quartz veins are present in all three holes, with low to high vein densities and at least two distinct vein generations. Veins appear to have a higher sulphide content than those at Valley. Six instances of visible gold, from two separate holes, were noted during core logging, which is ongoing. Assays for all holes at Sydney are pending. Instances of visible gold in SY-24-003, Sydney target, Cynthia Project, at 106.3 m, 152.8 m and 177.8 m downhole. As with mineralization at Valley, gold is present in sheeted quartz veins as native gold. At Cynthia visible gold occurrences are spatially associated with bismuthinite and molybdenite. Three different veins throughout the 458.1 m length of SY-24-003 were observed to host trace visible gold. Assays for SY-24-003 and all holes at Sydney are pending.