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Snowline Gold Corp V.SGD

Alternate Symbol(s):  SNWGF

Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa claims. The Einarson property consists of two main claim blocks and several outlying claim groups covering a combined 61,690 hectares. The Rogue Property comprises 442 mineral claims covering 11,227 hectares. The Cliff Property covers approximately 2,724 hectares. The Tosh Property covers approximately 3,700 hectares and is located 20 kilometers (km) from the paved, all-season Alaska Highway. The Rainbow Property covers approximately 1,225 ha. The Cynthia Property covers approximately 1,399 hectares. The Ursa claims covers approximately 7,755 hectares.


TSXV:SGD - Post by User

Post by megacopperon Aug 28, 2022 6:16am
279 Views
Post# 34925044

Victoria Gold’s Eagle Deposit

Victoria Gold’s Eagle Deposit 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.
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