While we wait for the SGD assays to come back for hole V-22-007 it's important to keep things in perspective by comparing operating mines in the Yukon with what Snowline is discovering at the Valley target. Also keep in mind that this is just one target and the Gracie target is equally as large.


Also the outer limits of the Valley target is yet to be found. In other words it is open in all directions. For anyone that knows how to calculate the possible number of ounces of gold in the ground by the dimensions being outlined in the first several drill holes of this discovery their mouth's must be watering because this discovery is absolutely huge. There is no other way to describe it. Bigger and better than anything else in the Yukon. Absolutely incredible!!!


 

  • Hole V-21-003 returned 1.56 g/t Au over 125.0 m from surface, within a broader mineralized zone averaging 1.25 g/t Au over 168.7 m

VANCOUVER, BC / ACCESSWIRE / June 30, 2022 / SNOWLINE GOLD CORP. (CSE:GD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has encountered 415 m of nearly continuous mineralization downhole from bedrock surface in V-22-007 at its Rogue Project's Valley Zone in Canada's Yukon Territory. Hole V-22-007 was a 340 m step-out along-strike to the southeast of 2021 drill hole V-21-003 (which intersected 168.65 m averaging 1.25 g/t Au from bedrock surface). A second drill rig mobilized to site and has completed drilling V-22-008, which intersected sheeted quartz veins 460 m from the nearest hole to date, further expanding the footprint of known mineralization at Valley.
 


 

In my opinion what Snowline Gold has just at the Valley discovery will be much larger and better grade than that of the Eagle mine (see below for details) owned and operated by Victoria Gold. VGCX has a market cap of around $700 million. 



Details on Victoria's Eagle mine below 

The property covers an area of approximately 555 square kilometres, and is the site of the company's Eagle and Olive gold deposits. The company issued a National Instrument 43-101 technical report for the Eagle gold mine dated Dec. 3, 2019. Since the date of the 2019 Eagle technical report, the company has produced gold from its Eagle mine. Based on the 2019 Eagle technical report and after adjusting for depletion through Dec. 31, 2021, the Eagle and Olive deposits include proven and probable reserves of 2.7 million ounces of gold from 133 million tonnes of ore with a grade of 0.64 gram of gold per tonne. Based on the 2019 Eagle technical report and after adjusting for depletion through Dec. 31, 2021, the mineral resource for the Eagle and Olive deposits has been estimated to host 207 million tonnes averaging 0.63 gram of gold per tonne, containing 4.2 million ounces of gold in the measured and indicated category, inclusive of proven and probable reserves, and a further 28 million tonnes averaging 0.61 gram of gold per tonne, containing 600,000 ounces of gold in the inferred category.