Snowline Gold Corp V.SGD

Alternate Symbol(s): SNWGF

Metals & Mining Gold

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

Snowline Gold Corp

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Post by megacopperon Dec 01, 2022 10:31am

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Post# 35142875

Gold up sharply

Gold price powers to 3.5-mo. High, more upside likely

Jim Wyckoff Thursday December 01, 2022 09:47

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(Kitco News) -The gold and silver market bulls have hit the accelerator in the wake of a dovish lean on U.S. monetary policy by Federal Reserve Chairman Jerome Powell in comments delivered Wednesday afternoon.

February gold futures this morning hit a 3.5-month high of $1,814.50 as of this writing. March silver futures prices hit a six-month high of $22.79. Buy stop orders were triggered in the gold futures market as prices pushed above former chart resistance at the November high of $1,806.00. Buy stops were also set off when silver pushed above its November high.

In the wake of Powell's remarks, the U.S. dollar index has dropped sharply, crude oil prices are solidly higher and U.S. Treasury yields have dropped—all bullish "outside market" elements that are also boosting precious metals markets.

The near-term technical postures for gold and silver have this week turned significantly more bullish. Price uptrends are in place on the daily charts for both metals, suggesting more sideways-to-higher price action is likely in the near term.

By Jim Wyckoff

For Kitco News

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