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： | Scott Berdahl |
| Position： | CEO & Director |
| Traded Market： | TSX-V | OTCQB |
| Traded Symbol： | SGD | SNWGF |
| Outstanding Shares： | 140.0 million |
| 52 Week High： | $ 4.10 |
| 52 Week Low： | $ 0.80 |
| Present Price： | Click Here |
Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a large project portfolio covering >280,000 ha. The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Initial drill programs on various targets yielded multiple significant gold discoveries, including the Company's bulk tonnage Valley target, with drill intersections up to 2.5 g/t Au over 319 m from surface, including 4.1 g/t over 108 m from surface within a large mineralized zone. Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross' Fort Knox mine, Newmont's Coffee deposit, and Victoria Gold's Eagle Mine. The Company's first-mover land position and extensive regional database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new Canadian gold district.
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
- “Elephant country” in the Selwyn Basin, an under-explored geological analogue to Nevada's Great Basin
- Two significant greenfield gold discoveries in 2021 (Jupiter and Valley) demonstrate presence of multiple deposit types and fertility of largely unexplored district
- Reduced intrusion related gold discovery at Rogue's Valley zone. High grade surface samples and a nine kilometre alteration trend makes Rogue highly prospective for multiple mineralized systems
- Epizonal orogenic gold at the Einarson project's Jupiter, Avalanche Creek and Mars zones, with similarities to Fosterville, Australia and Queensway, Newfoundland
- Kilometers-scale gold and pathfinder element anomalies for Carlin-style gold at Einarson's Mars, Odd and Misty zones, with geological potential to host multiple trends
Rogue Gold Project
Valley Discovery
- Near-surface, bulk tonnage drill discovery with unusually high gold grades for an reduced intrusion-related gold system (RIRGS) target
- Abundant visible gold, with up to 120 occurrences of trace visible gold within a single drill hole (V-22-010)
- Tombstone gold belt: setting, age and style comparable to multimillion ounce deposits, including Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon but with significantly higher gold grades
- Evidence for multiple overprinting events (grade enrichment)
V-22-032: 338.0 m of 1.32 g/t Au, including 207.0 m of 1.76 g/t Au
V-22-027: 250.0 m of 1.01 g/t Au, including 51.0 m of 1.90 g/t Au
V-22-026: 189.2 m of 1.25 g/t Au
V-21-014: 285.1 m of 1.45 g/t Au, including 128.1 m of 2.48 g/t Au
V-21-010: 318.8 m of 2.55 g/t Au, including 108.0 m of 4.14 g/t Au
V-21-007: 410.0 m of 1.89 g/t Au, including 146.0 m of 3.24 g/t Au
V-21-005: 331.3 m of 1.03 g/t Au, including 192.0 m of 1.52 g/t Au
V-21-003: 168.7 m of 1.25 g/t Au, including 58.6 m of 2.14 g/t Au
Gracie Target
- Kilometers-scale gold-in-soil/talus fines anomaly above intact buried intrusion
- 43 soil and 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 observed in 4 of 5 drill holes (all assays have been released)
Einarson Gold Project
Jupiter Discovery
- Multiple high-grade intercepts over broad intervals within 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
- Interpreted as an epizonal orogenic gold system – a novel discovery for this region
- Widespread gold mineralization to 63.9 g/t Au (over 0.3 m) encountered in first-ever drilling at Jupiter in 2021
- Open, 3 km zone of elevated to anomalous gold in soils – only 1.1 km drill-tested to date
- 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 multiple curves through multiple discoveries
- Near-Term Catalysts include:
- De-Risking Event: Metallurgical Results from Valley Zone
- An Aggressive 2023 Drill Program: C$14.2M exploration program is planned for Rogue in 2023, with the dual objectives of advancing the Valley discovery and making additional drill discoveries on high-priority intrusion-related gold targets
- Commencement of 2023 Campaign: Late May
2023 Exploration
Planning underway for aggressive 15,000+ m season, set to build value within Snowline's portfolio
Valley:
- Valley Phase III drilling
- Focus on expanding and defining high grade zones to grow potential resource
- Metallurgical testing (in progress)
Gracie:
- Gracie Phase II drilling
- Geochemical and geological vectoring towards mineralized intrusion, thought to be sibling to gold-rich Valley Zone
Others:
- Discovery-focused Phase I drilling of additional targets within Snowline's portfolio
- Widespread surface exploration across Snowline's portfolio
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.
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.
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.
Stephanie Hansen, BA, Director of Marketing & Investor Relations
Ms. Hansen brings nearly a decade of marketing experience to Snowline.
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.
Gunther Roehlig, Independent Director
Mr. Roehlig has 25 years of capital markets experience in the financial and investment industry.
On September 11, 2023, The TSX Venture Exchange has accepted for filing documentation with respect to a brokered private placement announced Aug. 15, 2023.
Number of shares: 2.2 million flow-through (FT) shares
Purchase price: $7.50 per FT share
Number of placees: 23 placees
Agents' fees: $534,375 cash, Cormark Securities Inc.; $178,125 cash, SCP Resource Finance LP
The company issued a news release on Sept. 6, 2023, confirming the closing of the private placement.
On September 11, 2203, Snowline Gold Corp. has released additional analytical results from its continuing drill program at the Valley target on its Rogue project in Yukon, Canada. All ten holes encountered mineralization, with the nine holes drilled inside the intrusion returning continuous mineralization over downhole intervals ranging from 143.2 m to 517.9 m in length. Holes V-23-045 and V-23-048 returned 517.9 m of 1.14 g/t Au and 265.2 m of 2.20 g/t Au respectively, from surface. This expands the width of the high-grade, near surface core seen in previous holes, while V-23-045 also extends the depth of known mineralization in the east. Other holes add substantial volumes of known mineralization to the margins of the system as currently tested. Analytical results for an additional 19 holes (7,116 m) at Valley are pending, with drilling at Valley and other Rogue Project targets ongoing.
On September 06, 2023, Snowline Gold Corp. has completed its previously announced bought deal private placement of 2.2 million flow-through common shares of the company at a price of $7.50 per FT share for aggregate gross proceeds of $16.5-million, including $1.5-million from the exercise of the underwriters' option. Each FT share will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada). Existing shareholder B2Gold Corp. participated in the financing to maintain its 9.9-per-cent interest in the company.
"We are encouraged by the strong support shown for this financing, both from existing shareholders including B2Gold and from a number of new, high-quality institutional shareholders," said Scott Berdahl, chief executive officer and director of Snowline. "Our strengthened treasury allows us to advance exploration on the Rogue project's Valley discovery and on other targets and generative programs across our highly prospective gold portfolio. The funds provide certainty, and they open the door to greater flexibility as we move forward."
On September 01, 2023, Snowline Gold Corp. has filed on SEDAR+ an independent technical report entitled "NI 43-101 Technical Report on the Rogue Gold Project, Yukon Canada, Mayo Mining District" and dated June 13, 2023, with an effective date of May 15, 2023. The technical report was prepared by Jean Pautler, PGeo, a consulting geologist.
The purpose of the technical report is to support scientific and technical information that relates to the company's Rogue project. There are no material differences in the technical report from the information disclosed in the company's May 2, 2023, news release. The technical report is available under the company's profile on SEDAR+ and on its website.
On August 15, 2023, Snowline Gold Corp. has entered into an agreement pursuant to which Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters, has agreed to purchase, on a bought deal private placement basis, two million charity flow-through shares of the company at a price of $7.50 per charity FT share for gross proceeds of $15-million. Each charity FT share will qualify as a flow-through share (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)).
"We are pleased to see the increased interest in our Rogue project following our initial results from the ongoing 2023 exploration season," said Scott Berdahl, chief executive officer and director of Snowline. "This raise, which brings in funds at a significant premium to market, enhances our team's ability to systematically explore our Valley discovery, the broader Rogue project and additional targets on our extensive Yukon-focused exploration portfolio. Combined with our current treasury, we are well positioned to focus on building value through discovery for multiple drill seasons."
On August 03, 2023, Snowline Gold Corp. has released additional analytical results from its ongoing drill program at the Valley target on its Rogue project in Yukon, Canada. Holes V-23-039 and V-23-037 returned the two strongest gold intersections from the project to date, demonstrating the presence of a high-grade, near-surface core to the gold system at Valley. Hole V-23-039 averages 2.47 g/t Au over 553.8 m from bedrock surface, including two distinct zones with multiple-gram-per-tonne gold mineralization, with a strong run of continuous mineralization at depth averaging 2.02 g/t Au over 233.0 m from 287.0 m downhole. Analytical results for an additional 19 holes (7,116 m) at Valley are pending, with drilling at Valley and other Rogue Project targets ongoing.
On July 18, 2023, Snowline Gold Corp. has provided analytical results from the second and third holes of its 2023 drilling program at the Valley target on its Rogue project in Canada's Yukon territory. Hole V-23-036, drilled to test the southeast edge of Valley's near-surface corridor of multiple-gram-per-tonne gold mineralization, succeeded in expanding its known extent roughly 75 metres farther to the southeast. The hole averaged 2.92 grams per tonne Au over 143.5 m from 23.5 m downhole, within a broader interval of 1.53 g/t Au over 414.5 m from bedrock surface. In addition, hole V-23-035 expanded known mineralization to the western edge of the Valley intrusion, returning 1.01 g/t Au over 396.5 m from bedrock surface. Analytical results for all 17 holes (6,650 m) beyond V-23-036 at Valley are pending, with drilling at Valley continuing.
- Hole V-23-036 returned 2.92 g/t Au over 143.5 m within broader mineralized interval averaging 1.53 g/t Au over 414.5 m from surface, extending near-surface, multiple-gram-per-tonne corridor on the Rogue project's Valley discovery by 75 m to the southeast.
- Hole V-23-035 returned 1.01 g/t Au over 396.5 m from surface, demonstrating robust near-surface mineralization to western margin of Valley intrusion.
- Phase II drilling under way at the Rogue project's Gracie target, a potential intact Valley-style gold system located in between the gold-bearing Valley and Reid targets.
- Multiple generations of sheeted quartz veins along with bismuthinite identified within an exposed intrusion on recently consolidated Cujo target within the Rogue plutonic complex.
On July 05, 2023, Snowline Gold Corp. has released preliminary assay results from the first hole of its 2023 drilling program at the Valley target on its Rogue project in Canada's Yukon. Hole V-23-034, drilled to test the northeast margin of Valley's near surface, well-mineralized corridor, hit the strongest gold grades sustained over >10 m downhole intervals at Valley to date, expanding the known spatial extent of multiple-gram-per-tonne gold mineralization within the target intrusion. Three drills are currently active at Valley, with >5,800 m of drilling and 13 holes completed on the target to date. Analytical results for all holes beyond V-23-034 are pending, with drilling ongoing.
"Our first drill hole of 2023 was drilled to test what we thought was the edge of a relatively high-grade gold corridor within the Rogue Project's Valley intrusion," said Scott Berdahl, CEO & Director of Snowline. "It ended up as Snowline's second-best drill hole to date. The entire 418 metre hole is mineralized. The consistency of gold grades over large distances is remarkable. Internal intervals ranging from 15 to 25 metres in length bear higher gold grades than we have previously seen at Valley. These results highlight the discovery potential still present within and around the broad spatial footprint that we tested with sparse drilling last season. We eagerly await the many forthcoming analytical results from our ongoing drill campaign at Valley, in addition to stepping out to drill test additional intrusion-related gold targets on the broader Rogue Project over the coming weeks."
On June 29, 2023, The TSX Venture Exchange has accepted for filing a claims purchase agreement dated May 19, 2023, between a wholly owned subsidiary of Snowline Gold Corp. and two arm's-length parties, whereby the company will purchase 92 minerals claims located in the Mayo mining district in Yukon. In consideration, the company will pay $1-million and issue 200,000 common share purchase warrants to one of the sellers. Each warrant will entitle the holder to acquire one common share of the company with an exercise price of $3.50 for a two-year period from the date of the issuance.
The company will grant a 1-per-cent net smelter return (NSR) royalty to each seller on the mineral claims they sell to the company. In addition, each seller will receive a cash bonus of $1-million on the same claims that they sell to the company, contingent upon the establishment, announcement, publication or declaration of certain resources.
On June 14, 2023, Snowline Gold Corp. has released results from initial, first-pass metallurgical testing of gold mineralization from the Valley discovery on its Rogue project, Yukon, Canada. Ten composite drill core samples representing various locations and grades within the Valley gold system were subject to bottle roll cyanidation, carbon-in-leach (CIL) and preliminary flotation amenability testing. Gold recovery from test work was favourable, varying from 81 per cent to 99 per cent across a range of head grades, material size and metallurgical approach. The results demonstrate that mineralization at Valley is non-refractory and highlight the applicability of multiple processing techniques as options for further consideration.
"These positive initial metallurgical results mark an important milestone in the advancement and derisking of our Rogue project's Valley discovery," said Scott Berdahl, chief executive officer and director of Snowline.
On June 09, 2023, Snowline Gold Corp. has staked substantially all remaining open ground over the Rogue plutonic complex, the broad geological feature responsible for gold mineralization at the Rogue project's Valley discovery and other nearby reduced intrusion-related gold system (RIRGS) targets. This staking expands Snowline's 100-per-cent-owned Rogue project by roughly 80 per cent to 94,397 hectares (944 square kilometres) and consolidates the 60 km by 30 km geological feature for systematic, comprehensive exploration. Additional strategic and targeted staking on the company's surrounding Cynthia, Einarson and Ursa projects brings its total Yukon mineral tenure holdings to 333,900 hectares (approximately 3,339 square km). The increased land position solidifies Snowline's competitive advantage in an emerging gold district host to multiple gold discoveries and mineralization styles.
On June 06, 2023, B2Gold Corp. has increased its ownership stake in Snowline Gold Corp. to 9.9 per cent by way of an on-market transaction. B2Gold has also agreed to vote its common shares in accordance with Snowline board's recommendations. Snowline has agreed to grant B2Gold an increase in its right to maintain its pro rata ownership of up to 9.9 per cent (formerly up to 5 per cent) in connection with future equity financings.
On June 01, 2023, Snowline Gold Corp. has agreed to purchase from two arm's-length entities of a mineral property portfolio comprising 92 claims in the vicinity of its Rogue project in Yukon, Canada. Historical work on these claims suggests the presence of multiple reduced-intrusion related gold systems (RIRGS) within the Rogue Plutonic Complex, the geological system which hosts Snowline's Valley discovery. A historical diamond drill intersection at the "Reid" target roughly 8 km east of Valley and 4 km east of Gracie reported 2.1 g/t Au over 96.0 m within 234.7 m of 0.94 g/t Au, including high-grade intersections of 76.9 g/t Au and 26.7 g/t Au over 1.5 m each, within a granodiorite stock with similarities to the Valley intrusion. These results have not been verified by the Company, but descriptions of geology and mineralization intersected by this drilling, including visible gold in sheeted quartz veins and the poly-phase nature of the intrusion, are consistent with observations made in drilling at Valley, demonstrating the potential for regional gold fertility.
On May 31, 2023, Snowline Gold Corp. has commenced its 2023 exploration and drilling program. Drill crews and geological staff recently mobilized to the company's 50-person Forks Camp, which supports its Rogue, Einarson, Ursa and Cynthia projects. Phase III diamond drilling is under way at the Valley zone on Snowline's flagship Rogue project to expand and advance the target toward an initial mineral resource estimate. Additional drilling and extensive surface work is planned across the Rogue project and Snowline's broader project portfolio.
May 5, 2023, Dr. Craig Hart Receives the J.C. Sproule Northern Exploration Award for Excellence in Northern Exploration and Development
On May 05, 2023, Snowline Gold Corp. is pleased to congratulate Dr. Craig Hart, Snowline's Chair, for his receipt of the 2023 J.C. Sproule Northern Exploration Award from the Canadian Institute of Mining, Metallurgy and Petroleum (CIM). The J.C. Sproule Award is presented annually to an individual or team "in recognition of eminent achievement or distinguished contributions to the exploration and development of Canada's mineral resources in the northern regions." The award was presented on May 3 at the CIM Convention in Montreal, Canada.
May 2, 2023, Snowline Gold Announces Listing on TSX Venture Exchange and Outlines 2023 Rogue Project Field Program
On March 28, 2023, Snowline Gold Corp. has completed its non-brokered private placement of 3,941,048 flow-through common shares of the company at a price of $4.862 per flow-through share for aggregate gross proceeds of $19,161,375.38 and strategic investment by B2Gold Corp. announced on March 14, 2023.
The gross proceeds from the issue and sale of the FT Shares will be used to support advancement of exploration on the Company's Yukon Territory mineral properties, which will qualify as "Canadian Exploration Expenses" and "flow-through mining expenditures", as those terms are defined in the Income Tax Act (Canada), which will be renounced to the initial purchasers of the FT Shares with an effective date no later than December 31, 2023.
On March 15, 2023, B2Gold Corp. has agreed to invest into Snowline Gold Corp. B2Gold will be the purchaser of common shares of the company on the back end of an initial non-brokered flow-through private placement arranged by Snowline. Pursuant to the initial non-brokered private placement, up to 3,941,048 flow-through (FT) common shares of the company will be issued at a price of $4.862 per FT share for aggregate gross proceeds to the company of up to $19,161,375.
"We are excited to welcome B2Gold as a growth-focused, long-term, value-driven investor," said Scott Berdahl, chief executive officer and director of Snowline. "B2Gold is a major global gold producer with a strong track record of growth built on a demonstrated commitment to communities, sustainable mining and employee safety. Their interest in Snowline is a sound endorsement of the company we are building along with the quality and geological potential of our assets."
On March 07, 2023, Snowline Gold Corp. has released additional preliminary assay results from the 2022 drilling programs at its Rogue project in Canada's Yukon. Hole V-22-030, drilled on the southeastern margin of Valley's central mineralized zone, returned 1.06 grams per tonne gold over 161 metres, before ending in strong mineralization (see attached tables). The result adds scale and tonnage to the southeastern side of this near-surface, well-mineralized zone. In addition, results from phase 1 drilling at Gracie confirm the existence of a second reduced intrusion-related gold system (RIRGS), with a high correlation between gold, bismuth and tellurium values in sheeted quartz veins. Phase 1 results will be used to guide a targeted phase 2 drill program at Gracie in 2023. It drilled 161 m of 1.1 g/t Au at Rogue.
On March 06, 2023, Snowline Gold Corp. has appointed Thomas Branson, MSc, PGeo, to the role of vice-president of exploration. Mr. Branson served as Snowline's exploration manager in 2022, playing a key role on Snowline's team during a transformative year for the Company that included initial delineation of the large, near-surface, and unusually high-grade bulk tonnage Valley gold discovery on Snowline's Rogue Project in Canada's Yukon Territory.
Prior to joining Snowline, Mr. Branson spent 15 years as an exploration geologist, gaining extensive experience in the Yukon and British Columbia, from greenfields exploration through to feasibility studies.
On February 24, 2023, Snowline Gold Corp. has released additional preliminary assay results from the 2022 drilling programs at its Rogue project in Canada's Yukon. Hole V-22-029 intersected sheeted quartz vein mineralization within the Valley intrusion, averaging 1.26 grams per tonne gold over 558.7 metres from surface, including 2.04 g/t Au over 202.0 m, with additional mineralization at dept. The hole was collared at a 207 m step-back perpendicular to strike from V-22-010 (318.8 m at 2.55 g/t Au from surface) to test the local width of Valley's near-surface, well mineralized corridor and the continuity of mineralization to depth.
It intersected 558.7m of 1.3 grams per tone gold from surface including 202.0m of 2.0 grams per tonne gold at its valley discovery, Rogue project, Yukon.
On February 22, 2023, Snowline Gold Corp. has appointed Calum Morrison to the board of directors as an 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 chief financial officer of Great Bear Resources Ltd., and the president and chief executive officer of Great Bear Royalties Corp. In February, 2022, Kinross Gold Corp. purchased Great Bear Resources for $1.8-billion and in September, 2022, Great Bear Royalties was purchased by Royal Gold Inc. for $200-million.
February 3, 2023, Snowline Gold Intersects 363.5 M of 1.4 Grams Per Tonne Gold From Surface Including 129.9 M of 2.0 Grams Per Tonne Gold at Its Valley Discovery, Rogue Project, Yukon.
January 18, 2023, Snowline Gold Intersects 189.2 M of 1.2 Grams Per Tonne Gold Near Surface in 170 M Step-Out and Commences Metallurgical Testing at Its Valley Discovery, Rogue Project, Yukon.
December 29, 2022, Snowline Gold Reviews Transformative Year as It Looks Ahead to 2023