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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 Malpeque2on Nov 16, 2022 9:57pm
241 Views
Post# 35105511

From the Rogue Property Technical Report

From the Rogue Property Technical Report4.5 Royalties and Obligations 4.5.1 Private Royalties Snowline Gold Corp.’s interest in the Rogue project is subject to a 2% NSR in favour of 18526 Yukon Inc., 1% of which may be repurchased by Snowline at Snowline’s discretion in exchange for 1,000 oz of gold bullion. To maintain its interest in the Rogue project and other Yukon Territory mineral properties purchased from 18526 Yukon Inc., Snowline must complete four annual cash payments of $250,000 CDN to 18526 Yukon Inc. on anniversaries one through four of the Closing Date for the December 1, 2020 purchase agreement. Should a NI 43-101 compliant mineral resource exceeding 1,000,000 oz Au be defined in any category on the Rogue project, Snowline will be obliged to make a cash bonus payment to 18526 Yukon Inc. of $1,000,000 CDN. An area of interest exists around the claim block and is active for a period of four years. This AOI extends for two kilometres around existing Rogue property claims and covers additional areas identified by 18526 Yukon Inc. Claims staked or acquired by either party within this area, excluding pre-existing third-party claims, become part of the property and are subject to the NSR and cash bonus payments as outlined above
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