Snowline held up well today Given that gold and gold equities in general were down or flat today it was nice to see SGD up on strong volume. I'm confident that Snowline is on the cusp of an absolutely huge gold discovery in the Yukon that will rank among the largest in the world.
The SGD discovery will most likely be in the tens of millions of ounces of gold.These types of intrusion related gold deposits are well understood and they usually have large amounts of evenly distributed gold throughout that can be mined relatively cheap.
And luckily for SGD shareholders the Rogue property host a cluster of these deposits with the Valley and Gracie targets looking like they will be absolute monsters with perhaps 20 million plus ounces in each deposit given the huge footprint of the targets and the grade is comparable to other gold deposits in the region. This one is going to be huge!!!