공시 • May 06
Snowline Gold Corp Announces 2026 Project Development and Exploration Programs
Snowline Gold Corp. provided an update on activities and plans for its 2026 field season, including significant exploration, development and environmental programs designed to advance the Company’s flagship Rogue Project, including the Valley gold deposit (“Valley”), and to assess high priority geological targets. Snowline’s primary field camp is now open, and drilling is set to commence in mid-May. 2026 programs are fully funded, with Company cash balance of approximately $100 million providing optionality to significantly accelerate activities as needed. A program of >10,000 m of exploratory drilling is planned for 2026, targeting near-deposit expansion of the resource at Valley and additional potential zones of high-grade gold mineralization within the Valley intrusion, as well as testing nearby prospective targets Gracie and Duke, with capacity to test additional regional targets. Drilling will be complemented by extensive regional greenfield exploration, including expanded soil sampling, prospecting, and mapping, as well as ground-based induced-polarization geophysical surveying at Valley. Planned drilling at Valley targets expansion of the resource along open edges of the system. Recent drillhole V-25-139 (534.5 m @ 0.62 g/t Au, including 42.5 m @ 2.10 g/t Au) and geotechnical hole V-25-GT-007 (347.6 m @ 1.00 g/t Au), among others, highlight this potential. Additional drilling will assess other areas within the Valley intrusion for potential new zones of higher-grade gold mineralization, following the discovery in 2025 of an extensive zone of low-grade mineralization along the eastern margin of the Valley intrusion. Gracie is a reduced-intrusion related gold system (“RIRGS”) target located roughly 4 km east of Valley. The scale of alteration and anomalous gold geochemistry, the potential to host a completely intact RIRGS, and the proximity to Valley make Gracie an attractive exploration target. 2025 drillhole G-25-010 served as an initial test of a down-dip intrusive source to gold bearing veins previously observed on surface and in previous drilling at Gracie. The hole intersects two continuous zones of mineralization: 53.5 m averaging 0.32 g/t Au and 10.0 m averaging 0.61 g/t Au, with similar grade, scale and alteration to V-21-004, an early “near-miss” hole from Valley. The 2026 Gracie drill program is designed to test a large search space adjacent to this mineralization for the intrusive source of the Gracie anomaly. Duke is an RIRGS target on the Rogue Project roughly 11 km southeast of Valley. The system is centered on a 1.4 x 1.3 km multi-phase intrusive complex with multiple breccia centers. Preliminary drilling of a minor breccia in DUK-25-003 returned 8.0 m averaging 1.72 g/t Au, including 4.0 m at 2.73 g/t Au. Planned 2026 drilling at Duke will target larger breccia units identified by mapping and prospecting, with selective outcrop grab samples of up to 8.34 g/t Au. Late 2025 prospecting identified a new gold target, Crossroad, roughly 27 km south of Valley on the Cynthia Project, hosting mineralization in granitic dikes, hydrothermal breccias, and altered sedimentary rocks. Crossroad is situated along the same five-kilometer structural trend as the Company’s Intersection target. Selective grab samples from Crossroad returned up to 14.1 g/t Au and 3,505 g/t Ag. The Company will continue surface evaluation of Crossroads and this broader corridor in 2026, in addition to property-wide exploration. Snowline continues to advance the Rogue Project through an integrated Pre-Feasibility Study (“PFS”), combining engineering, field investigations, and technical studies. Work completed in 2025 and ongoing through 2026 is focused on refining project design, improving confidence in key assumptions, and advancing towards a well-defined development scenario. Components of the upcoming field program are intended to accelerate project engineering timelines beyond the PFS. Overall objectives are as follows: Advancing open pit design toward a PFS-level mine plan and supporting definition of mineral reserves; Engineering preliminary designs of key Project components including access, TSF configuration, water management approach, and overall site layout; Executing comprehensive field investigation programs to strengthen design inputs, focusing on infill drilling for geotechnical and hydrogeological holes, expanded metallurgical variability testing to inform process plant design and recoveries, and geochemistry to support an optimized material balance and handling strategy; Ensuring that mine planning and engineering at the PFS stage incorporates closure objectives; Generating additional data to support robust process optimization and infrastructure designs. Snowline has significantly advanced its baseline environmental and geoscience programs. These initiatives directly inform PFS level project design and will support future environmental assessment for Valley, including all associated mine infrastructure. Key activities in 2026 include: Advancing baseline data: Executing expanded environmental and geoscience programs to support future regulatory assessments; YESAB Pre-submission Engagement: Initiating the pre-submission engagement process with the Yukon Environmental and Socio-economic Assessment Board (“YESAB”) in the Third Quarter by submitting the Rogue Project Description; Strengthening Indigenous Partnerships: Continuing to actively utilize Yukon First Nation owned and partnered companies and service providers in the execution of the 2026 field program, including expanded environmental baseline programs; Ongoing Consultation: Maintaining proactive engagement with First Nations regarding both long-term Project planning and active baseline programs; MOU implementation: in collaboration with First Nation of Na-Cho Nyäk Dun and continued discussions on advanced Project agreements with First Nations. Valley is a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system hosting an open MRE of 7.94 million ounces gold at 1.21 g/t Au Measured & Indicated (in 204.0 million tonnes) and an additional 0.89 million ounces gold Inferred at 0.62 g/t Au (in 44.5 million tonnes), with a cut-off grade of 0.3 g/t Au. Results of a Preliminary Economic Assessment (“PEA”) for Valley suggest the potential to support a long-life mining operation with a strong production profile and low production costs. The MRE and PEA are detailed in the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled “Independent Preliminary Economic Assessment for the Rogue Project Yukon, Canada,” dated August 27, 2025, with an effective date of March 1, 2025.
