Snowline Gold Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
1012 – 1030 West Georgia Street Vancouver, BC Canada V6E 2Y3 |
| Tel No.： | 778-650-5485 |
| Web Site： | www.snowlinegold.com |
| E-mail： | info@snowlinegold.com |
| Contact Person： | Stephanie Hansen |
| Position： | Director of Marketing & Investor Relations |
| Traded Market： | TSX | OTCQB |
| Traded Symbol： | SGD | SNWGF |
| Outstanding Shares： | 147 million |
| 52 Week High： | $ 6.40 |
| 52 Week Low： | $ 2.50 |
| Present Price： | Click Here |
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with an eight-project portfolio covering greater than 333,000 hectares. The Company is exploring its flagship greater than 94,000 ha Rogue gold 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, including Kinross's Fort Knox mine, Newmont's Coffee deposit and Victoria Gold's Eagle mine. The Company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
Investment Highlights
True District Scale in Top Jurisdiction
- Prospective >330,000 ha land package with 30+ gold targets across eight projects in underexplored Yukon Territory
Proven Success, With Industry-Leading Results
- Building on flagship Valley discovery, a best-in-class reduced-intrusion gold system with strong, consistent gold grades (up to 2.5 g/t Au over 553m from surface)
Strong Treasury & Management Team
- $34M+ treasury with highly experienced, Yukon focused management and technical teams
Commitment to Community & Responsible Exploration
- Recipient of the 2023 Robert E. Leckie Award for Snowline’s environmental stewardship efforts
A New Light on the Yukon
- Snowline’s flagship, district-scale gold projects occupy the intersection of two mineral belts
- Rapid growth, with potential Tier 1 gold discovery made on Rogue Project in Snowline’s first season
- Large proprietary dataset with first-mover land position in Canada’s newest gold district
Rogue Gold Project (Flagship Project)
Valley Discovery
- New, at-surface, bulk tonnage drill discovery with large, open 3D volume and strong gold grades ideally situated for efficient extraction
- Robust Grade Consistency: Strong continuity within and between holes, with highest grades at surface
- Exceptional Results: Unusually high gold grades for deposit model type, with setting, age and style comparable to multi-million-ounce deposits, including Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon
- Recent Results Show a New Dimension of Gold Mineralization
- V-23-070 – First hole to be drilled perpendicular to previous holes, returned 382.4 m averaging 2.12 g/t Au, including 113.4 m of 3.51 g/t Au from surface. The entirety of hole V-23-070 is mineralized, with the highest sustained grades closest to surface
- Open in Multiple Directions
- Continuity of strong mineralization extending to the southeast further demonstrates the open nature of >1 g/t mineralization at Valley
- Favourable Initial Metallurgy: with average gold recoveries between 94.1% (bottle roll) and 95.7% (carbon-in-leach) on 75 µm grind (48 hrs)
- Clean Mineralization: with strong natural buffering, low sulphur, low levels of deleterious elements
- Advanced Metallurgical Testing Underway: Large diameter 85 mm PQ drill hole in progress. Results pending
Gracie Target
- Kilometers-scale gold-in-soil/talus fines anomaly above intact intrusion
- 43 talus fine samples from a 1,600 x 800 m central area average 0.49 g/t Au, with 8 samples >1 g/t Au
- Visible gold and localized high grades observed in multiple drill holes
Aurelius Target
- Newly discovered 2,000 m by 500 m zone of anomalous gold values in soil and talus fines samples on Aurelius target, 12 km northwest of Valley target
- Two outcrop chip samples average 2.01 g/t Au over 17.0 m and 2.31 g/t Au over 14 m respectively (true widths unknown)
- Mineralization hosted in altered sedimentary and volcanic rocks near outcropping granodiorite
- Aurelius is a high priority exploration target at Rogue and a potential drill target in Snowline’s upcoming 2024 exploration program.
(See news release dated February 20, 2024)
Einarson Gold Project
Jupiter Discovery
- An epizonal orogenic gold system – a novel discovery for this region
- Widespread gold mineralization to 13.9 g/t Au over 6.0 m (including 45.0 g/t Au over 1.5 m) encountered in first-ever drill testing at Jupiter in 2021
- Multiple high-grade intercepts along individual drill holes. Gold found in quartz carbonate veins and disseminated through large zones of altered wall rock
- Blind target: all holes somewhat random tests of system
- Potential analogues include Agnico’s Fosterville Gold Mine and New Found Gold’s Queensway discoveries
The Road Ahead
- Snowline is well-financed and poised at the steepest value-add phase (discovery) of the “Lassonde curve” – with potential to stack curves through multiple discoveries
- Near-Term Catalysts include:
- Regional surface results from 2023, and 2024 Exploration Program Plans
- Advanced metallurgical testing from large diameter 85 mm PQ drill hole
- Ongoing district consolidation
2024 Exploration
Valley:
- Valley Phase IV drilling towards resource definition and expansion of the still-open system
- Focus on advanced permitting and economic evaluation to progress towards production decision
Rogue Drilling:
- Phase II drilling of multiple regional targets, following up on promising results from 2023
- Phase I drilling of additional reduced intrusion-related gold system (RIRGS) targets within the Rogue Plutonic Complex
Regional Greenfields Exploration:
- Extensive geochemical, geological and geophysical vectoring towards and advancement of mineralized intrusions thought to be siblings to gold-rich Valley Zone
Management and Directors
Scott Berdahl, M.Sc., MBA, P.Geo., CEO, Director, Co-Founder
Mr. Berdahl has over 15 years’ industry experience. Born and raised in the Yukon and based in Whitehorse, he brings a strong technical grounding in discovery-stage exploration alongside in-depth local knowledge. He has business development experience with a number of private and listed companies focused on gold and base metals.
Matthew Roma, CPA, CFO
Mr. Roma has over 10 years’ financial management experience working predominantly with junior mining companies.
Sergio Gamonal, M.Sc., Chief Geologist
Mr. Gamonal brings over 15 years’ exploration experience to the Company, having held senior roles at major mining companies Barrick and Kinross. Most recently, he served as country Exploration Manager with Barrick Gold.
Thomas Branson, M.Sc., P.Geo., VP Exploration
Mr. Branson has over 15 years’ industry experience. Having helped to organize and manage more than $55M in exploration expenditures and over 180,000 metres of drilling, he brings a range of experience from greenfields exploration through to feasibility level studies, which includes programs in the Wernecke Mountains and Wolverine mine in Yukon, Mount Milligan, Kemess and Scottie Gold mines in BC and Pure Gold Mine in Ontario.
Brian Hegarty, MSc, BSc, VP Sustainability & External Relations
Mr. Hegarty has more than 15 years’ experience in Indigenous, environmental and regulatory affairs, focused on mining in the Yukon. Most recently, he served as Vice President at C3 Alliance Corp.
Stephanie Hansen, BA, Director of Marketing & Investor Relations
Ms. Hansen brings nearly a decade of marketing experience to Snowline.
Steve Rennalls, M.Sc. Admin, B.Comm., Director of Operations
Mr. Rennalls brings a diverse background to Snowline’s team. In the field, he has worked as a geo-technician, prospector, and camp manager, gaining a thorough understanding of the complexities of exploration in the Canadian North along the way.
Zoë Goodyear, B.Sc., Database Manager
Ms. Goodyear is a geologist and database manager bringing 10 years of geoscience and industry experience to Snowline Gold Corp.
Andrew Turner, Exploration Manager
Mr. Turner is an exploration geologist. Over the last decade he has built a portfolio of multi-commodity experience in the Australian exploration and mining sector.
Craig Hart, PhD, FSEG, FGAC, Independent Chair
Dr. Craig Hart is a world-renowned scholar on gold and copper deposits. He most recently served as Director of the Mineral Deposit Research Unit at the University of British Columbia.
Sarah Weber, B.Sc., MBA, P.Geo., Independent Director
Ms. Weber has over 20 years of diversified experience in the natural resource sector. She is President and CEO of C3 Alliance Corp.
Calum Morrison, CPA, CFA, Independent Director
Mr. Morrison is a mining finance professional with nearly two decades of experience in business development, mergers and acquisitions, corporate strategy and capital markets. Most recently, Mr. Morrison was the Vice President of Business Development and CFO of Great Bear Resources Ltd., and the President and CEO of Great Bear Royalties Corp.
On November 12, 2024, Snowline Gold Intersects 380.4 m of 1.1 Grams Per Tonne Gold and 219.1 m of 1.4 Grams Per Tonne Gold from Surface at Valley, Rogue Project, and Identifies 500 m Gold and Silver Anomaly on Cynthia Project.
"We are encouraged to see results from Valley continuing to live up to the high standards set by the deposit model, in hole after hole-in our view, this is a key hallmark of a high-quality mineral deposit," said Scott Berdahl, CEO & Director of Snowline. "We are further encouraged by ongoing indications of widespread regional gold fertility across our extensive mineral tenure in the eastern Yukon, evidenced by advancement of yet another greenfield target, on our Cynthia Project, in the broader Rogue Plutonic Complex."
On October 10, 2024, Snowline Gold Corp. announced the additional analytical results from its 2024 Valley deposit drilling campaign on the Rogue Project in Canada's Yukon Territory alongside updates on its regional activities. Holes V-24-081 and V-24-084 returned strong, consistent gold grades from near-surface along the southwestern edge of the Valley deposit, outperforming the model used for the Company's initial mineral resource estimate (MRE) earlier this year. In addition, Snowline has completed the first phase of a reclamation program at the Plata mining camp near the Rogue Project, organizing and inventorying debris and abandoned equipment from historical mining activities in the region for future demobilisation. The Company awaits analytical results from the majority of its 2024 exploration campaign, including >24,600 m of drilling in 44 holes across 5 different targets.demobilisation. The Company awaits analytical results from the majority of its 2024 exploration campaign, including >24,600 m of drilling in 44 holes across 5 different targets.
"It is a testament to the consistency of mineralization at Valley that results like today's have become almost commonplace," said Scott Berdahl, CEO & Director of Snowline. "Nonetheless, they further demonstrate the strength of the system near surface, and key holes V-24-081 and V-24-084 outperform our model along the southwest margin of the deposit.
"We are also pleased to report completion of the first stage of a meaningful side project - the cleanup of the historical Plata staging area, which supported small-scale mining efforts in the region in the early 1980s. We would like to thank Honey Badger Silver Inc. and Archer, Cathro & Associates for their assistance in these efforts. This work builds on Snowline's commitment to contribute to a lasting positive legacy for mining in the Yukon."
On September 10, 2024, Snowline Gold Corp. has released additional analytical results from its 2024 Valley deposit drilling campaign on the Rogue project in Canada's Yukon Territory alongside updates on its regional exploration campaign. Hole V-24-078 returned some of the highest sustained grades seen at the deposit to date. Additional holes from Valley carry long intervals from surface in the southeastern part of the Valley deposit. Outside of Valley, Snowline's regional exploration team has discovered two promising new grassroots gold targets, Charlotte and Galatea, on the Rogue and Einarson projects, respectively. Drilling is continuing at Valley and on the Jupiter target, Einarson project, with assays pending for an additional 22,500 metres drilled to date.
- Hole V-24-078 returned 4.05 g/t (grams per tonne) Au over 244.9 m from surface, including 5.99 g/t Au over 101.0 m, emphasizing strong continuity of high-grade, near-surface gold mineralization at Snowline's Valley deposit, Rogue project.
- Charlotte target is a newly discovered reduced intrusion-related gold system on the Rogue project in and around an elongate 1.6-by-0.3-kilometre intrusion, with selective grab samples up to 28.4 g/t Au.
- Galatea target hosts a 1.3 km quartz-carbonate boulder train found along 12 km structural corridor between Jupiter and Avalanche Creek, Einarson project, with grab samples to 6.11 g/t Au.
- Assays pending for greater than 22,500 m across seven targets, with drilling continuing.
"The breadth, consistency and grade of near-surface gold mineralization at Valley continue to impress us," said Scott Berdahl, chief executive officer and director of Snowline. "V-24-078 has set another very high bar, carrying an average grade of over four grams per tonne gold over 244.9 metres from surface, with a sustained run of 101.0 m averaging 6.0 g/t Au, while holes from the southeast and northwest parts of the deposit show good near-surface continuity and grades.
"In addition, our regional exploration team continues to turn up exciting new prospects on our underexplored, greater-than-3,600-square-kilometre tenure, including a new reduced-intrusion related gold system. That we are still finding potentially significant new mineralized systems on surface in our fourth exploration season in this area is a testament to the scale and the fertility of the district."
On August 07, 2024, Snowline Gold Corp. has released analytical results from additional early-season drill holes on its 2024 exploration campaign and provided an exploration update from its continuing five-drill program in Yukon, Canada. Highlight intervals from the Valley deposit are summarized in the attached table. Holes V-24-075 and V-24-073 are the third-highest-ranking and fourth-highest-ranking holes in terms of contained gold from the Valley deposit to date, with V-24-075 exceeding projections based on the initial mineral resource estimate (MRE) by 9 per cent within the resource-limiting pit shell and by 140 per cent outside of it (18 per cent over all). At the Rogue project's Aurelius target, widespread alteration with oxide and sulphide mineralization is present in volcanic and sedimentary rocks, with granodiorite dikes intersected in two holes in the first-ever drill testing of the target. Drilling is continuing at Valley and on other targets, with assays pending for an additional 15,600 metres drilled to date.
"We had extremely high expectations for these latest holes at Valley, and they did not disappoint," said Scott Berdahl, chief executive officer and director of Snowline. "Based on the block model from our initial mineral resource estimate, we would expect a run of 448 metres averaging 2.1 grams per tonne gold for hole V-24-075. We meaningfully exceeded this target in both length and grade, with the hole averaging 2.38 g/t Au over the top 471.6 m from bedrock surface and with an internal interval of 6.48 g/t Au over 22.0 m from 160.0 m downhole, exceeding the grade of anything we had predicted. The results exceed the block model most dramatically outside of the current resource estimate boundary. We expect that this demonstration of robust continuity and of viability in our modelling will assist with derisking and upgrading mineralization, and it could potentially help to expand our resource-limiting pit shell, pending additional results from our ongoing drilling at Valley."
On July 31, 2024, Snowline Gold Corp. has filed an updated technical report for its Rogue project, located in the eastern Selwyn basin in Yukon, Canada.
The updated technical report for Rogue, entitled "Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate," with an effective date of May 15, 2024, is prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, and supports initial mineral resource estimate disclosures on the company's Valley deposit made in its June 17, 2024, news release.
The report can be found under the company's profile on SEDAR+ and on the company's website.
Exploration update - To date, the company has drilled over 16,000 metres as part of its more-than-25,000-metre planned drill program for 2024, with five drill rigs active and drilling continuing. Three drills are active on the Valley target, with roughly 12,500 metres drilled at Valley this season, while a fourth drill has completed roughly 2,000 metres of a planned 4,000-metre program at the Jupiter target on the Einarson project. The fifth drill has completed a three-hole, 1,067-metre phase II program at the Rogue project's Cujo target and is now drilling at the Aurelius target, where it has completed over 400 metres in one completed hole and is currently drilling a second hole of a planned 1,000-metre phase I program.
On July 24, 2024, Snowline Gold Corp. has released the analytical results from the first two drill holes of its 2024 exploration campaign and provided an exploration update from its continuing five-drill program in Canada's Yukon. Hole V-24-071, collared in the high-grade, near-surface section of the Valley deposit, averages 1.77 grams per tonne (g/t) gold (Au) over 449.7 metres (m) from surface, including 2.89 g/t Au over 169.2 m. This result exceeds that predicted by the company's initial mineral resource estimate (MRE) for Valley by 36 per cent over all. Hole V-24-072 averages 2.66 g/t Au over 295.3 m, including 4.67 g/t Au over 100.8 m from surface, in line with expectation but with slightly (1 per cent) more gold than predicted in the top half of the hole. At the Jupiter target on the nearby Einarson project, trace visible gold has been encountered in a 174 m stepout from previous holes, along with widespread mineralization. Drilling is continuing at Valley and on other targets, with assays pending for an additional 13,000 m drilled to date.
"We are encouraged by such a strong start to our 2024 exploration campaign and excited to have regional drilling under way," said Scott Berdahl, chief executive officer and director of Snowline. "Our first two holes of the season at our Rogue project's Valley deposit underscore the strength and consistency of the deposit, particularly when it comes to high-grade, near-surface gold mineralization. We eagerly await assay results from the many additional holes drilled within and adjacent to the current deposit, and we look forward to seeing results from additional Valley-style gold targets that are set to be drilled soon.
"I would also like to congratulate Snowline's team on their exploration success at on our Einarson project's Jupiter target, an orogenic gold system, where careful structural mapping and interpretation informed bold stepout holes that meaningfully expand the mineralized footprint of the target, which remains open in all directions. We are excited by these initial observations and we look forward to the analytical results from current holes along with the rest of the ongoing phase II drill program at Jupiter."
On June 18, 2024, The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Eric Winmill rates Snowline Gold "sector outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Winmill set a share target of $9. Mr. Winmill says in a note: "The company's flagship project is Rogue, an exploration stage gold project in the Yukon. In our view, the Valley discovery at Rogue represents one of the most exciting gold discoveries in recent years, with long intervals of near-surface gold mineralization encountered over a large target area, multiple areas remaining open and many nearby targets requiring follow-up exploration work. Not only does Valley exhibit strong gold grades across long intervals, but it also boasts a notable vein density, with many areas returning 10 plus veins per metre, meaning fewer tonnes needed to build gold ounces. Management has described this feature as 'monotonously exciting,' referring to the regularity and consistency of veins encountered in drilling to date. ... We estimate 6.4 million ounces Au could be contained at Valley, supporting future production potential of 300 koz Au annually over a 20 plus year horizon [and] subject to resource definition."
On June 17, 2024, Snowline Gold Corp. has released an initial mineral resource estimate prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects) standards for the Valley deposit, the first discovery on its 100-per-cent-owned 1,110-square-kilometre 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 multimillion-ounce gold deposit with continued exploration upside," said Scott Berdahl, chief executive officer and 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 one and two grams per tonne 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 under way, while testing multiple prospective greenfield targets in a region we believe has the potential to become a prolific minerals district."
On June 13, 2024, The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase and sale agreement dated April 22, 2024, among Snowline Gold Corp., a subsidiary of the company, and an arm's-length party (the seller), whereby the company acquired a 100-per-cent interest in certain mineral claims and a 30-per-cent interest in other mineral claims from the seller, which is the legal and beneficial owner of these claims, located in Yukon, Canada.
Under the terms of the agreement, the company acquired the property by: (i) making $1.2-million in cash payments on closing; and (ii) issuing 1,012,000 common shares of the company to the seller on closing. Additionally, the seller may receive up to seven $1-million cash bonuses if resource estimates exceeding one million ounces of gold on any of seven claim groupings.
On June 11, 2024, Snowline Gold Corp. has appointed Gil Lawson to the board of directors as an independent director.
Snowline Gold Board Chair Craig Hart stated that "Mr. Lawson's appointment will bring valuable experience, skill sets and new perspectives to the Board as well as adding technical strength in project development which is increasingly relevant to Snowline's growth."
Mr. Lawson indicated "I am excited to join the Snowline Gold team as an Independent Director and to work towards advancing this exciting project in Canada's newest gold district. I look forward to adding to the technical excellence of this fast-growing and dynamic team, and ensuring that Snowline's guiding principles of environmental respect, building community, going big and doing things right, shape the future".
On May 16, 2024, Snowline Gold Corp. has mobilized drilling personnel and geological staff to its Rogue project in Yukon, Canada, to kick off its 2024 exploration and drilling program. The 25,000+ metre (m) campaign will see two additional diamond drill rigs mobilized to complement the three rigs currently onsite at the Rogue Project's Valley target, with a phased start-up over the coming days and weeks. Roughly 15,000+ m are allocated for the expansion and advancement of Valley. An additional 10,000+ m are assigned to first pass or follow-up drilling on multiple additional targets, including the Rogue Project's newly identified Aurelius target and the Einarson Project's Jupiter target.
"We are excited to be back in the field for our earliest start and our largest exploration campaign to date," said Thomas Branson, Snowline's Vice President of Exploration. "At Valley, our drilling will push to expand the extent of known mineralization and to gain a more quantitative understanding of the discovery, both in terms of its overall gold endowment and in terms of assessing potential economics of the relatively high grade, near surface gold system. The construction of a second 50-person camp will increase efficiencies at Valley along with our capacity to support regional exploration with additional drills. Following our substantial progress in 2023, we are keen to continue to unlock the value of what is effectively an only-mover position in a rapidly emerging gold district."
On May 02, 2024, Snowline Gold Corp. has discovered three new reduced intrusion-related gold system (RIRGS) targets at its Rogue project, and an additional new RIRGS target at its adjacent Cynthia project in Yukon, Canada. Analytical results from the company's 2023 surface exploration program demonstrate widespread gold mineralization and RIRGS pathfinder elements associated with intrusions of the Rogue Plutonic complex, a 60-kilometre-by-30-kilometre geological feature which also hosts the company's flagship Valley target. Results include outcrop chip sampling to 5.12 grams per tonne (g/t) gold (Au) over 3.3 metres at the Livia target, and selective outcrop grab samples to 86.5 g/t Au at the Ramsey target. The new RIRGS targets are described in more detail below.
"While consistent drill results have dominated our headlines, Snowline's regional surface exploration team has done exemplary work behind the scenes, bolstering our exploration pipeline and demonstrating widespread gold fertility within the regional-scale Rogue Plutonic complex," said Scott Berdahl, chief executive officer and director of Snowline. "The presence of our Valley discovery shows that the geological ingredients needed to produce a uniquely robust form of RIRGS mineralization are present at Rogue. The results of our regional work suggest a strong potential for locating other such instances of gold endowment across much of the broader, more than 1,100 square km project area. With essentially the entire Rogue Plutonic complex under full ownership, we are thrilled to have the opportunity to systematically explore this nascent gold district, along with the resources and the team to make the most of this opportunity."
On April 25, 2024, Snowline Gold Corp. has completed its previously announced bought deal private placement of 3,685,750 charity flow-through common shares of the company at a price of $7.80 per flow-through share for aggregate gross proceeds of $28,748,850, including $3,749,850 from the full exercise of the underwriter option. Each flow-through share will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).
The company also completed a concurrent non-brokered private placement of 405,000 flow-through shares at the offering price for additional gross proceeds of $3,159,000, through which existing shareholder B2Gold Corp. subscribed to maintain its 9.9-per-cent interest in the company.
"The present financing provides Snowline the bandwidth to significantly expand the scope of our upcoming field season, allowing us to simultaneously pursue exploration at our Rogue project's Valley target alongside an aggressive regional drill campaign," said Scott Berdahl, chief executive officer and a director of Snowline. "We continue to be impressed both by the results from Valley and from our pipeline of regional targets, and we are keen to unlock value through discovery and efficient advancement of what we see as an emerging Canadian gold district. And we are grateful for the investment of supportive shareholders who have initiated, maintained or expanded on their positions in Snowline through this raise."
On April 25, 2024, Snowline Gold Corp. has entered into a purchase agreement that will result in the consolidation of 100-per-cent ownership of its Einarson project through purchase of a privately held 30-per-cent interest in 3,003 mineral claims (approximately 61,000 hectares). Einarson includes the company's Jupiter discovery, which saw 2021 phase 1 drill results of 13.2 grams per tonne (g/t) Au (gold) over 6.5 metres (m), including 43.5 g/t Au over 1.3 m and 10.4 g/t Au over five m within the same hole (see Snowline's press release dated Aug. 25, 2021), alongside other well-mineralized drill holes spanning 1.1 kilometres (km) of open strike length. Additionally, Einarson hosts multiple untested, kilometre-scale gold targets defined by prospecting and surface geochemistry. Einarson sits immediately to the north of and is contiguous with Snowline's 100-per-cent-owned Rogue project, which hosts the company's flagship Valley discovery. In addition to the consolidation, the company will acquire a 100-per-cent interest in the Venus target, a privately held gold target adjacent to Einarson with a reported 2012 drill intersection of 9.67 g/t Au over 38.7 m (true width unknown; results have not been directly verified by the company).
"We are thrilled to consolidate the Einarson project and to acquire a full 100-per-cent interest in our Jupiter discovery, alongside other promising targets," said Scott Berdahl, chief executive officer and director of Snowline. "The quantity and scale of the gold targets identified at Einarson through regional baseline work and follow-up prospecting were a big part of our motivation for launching Snowline Gold in 2021. The targets themselves are compelling, and they indicate strong regional gold fertility across Einarson, Rogue and our surrounding projects. The results of our phase 1 drilling at Einarson's Jupiter target underscore this potential, and we are excited to follow up on that discovery and other targets in the upcoming 2024 exploration season, which will soon be under way.
April 3, 2024, Snowline Gold Corp. Announces C$25.0 Million Bought Deal Private Placement of Flow-Through Shares
April 1, 2024, Snowline Gold Corp. announced that it has received $12.5-million from the early, voluntary exercise of five million warrants. The warrants were held by Ana Maria Cox de Gubbins. Through this acquisition, Ms. Cox has expanded her position to 10.6% of the outstanding shares of the Company.
February 20, 2024, Snowline Gold Locates New Reduced-Intrusion Related Gold Target with Outcrop Samples to 2.0 Grams per Tonne Gold Over 17.0 M within Open 2 Km Soil Anomaly at Its Rogue Project, Yukon