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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 Betteryear2on Jun 01, 2023 2:42pm
157 Views
Post# 35475432

Snowline Gold Purchases Mineral Property Portfolio

Snowline Gold Purchases Mineral Property Portfolio
  • Snowline purchases 92 long-held mineral claims (roughly 1,920 ha) constituting 10 targeted claim blocks within and adjacent to its Rogue Project
  • Claims include historical drill intersection of 2.1 g/t Au over 96.0 m from within poly-phase granodiorite "Reid" intrusion 8 km east of Snowline's Valley discovery, and on trend with the Gracie target
  • Additional targets with promising historical drill and surface sampling results throughout acquired portfolio solidify Snowline's position in the district and highlight broader potential of the Rogue Plutonic Complex.

VANCOUVER, BC / ACCESSWIRE / June 1, 2023 / SNOWLINE GOLD CORP. (TSX-V:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce purchase from two arm's-length entities of a mineral property portfolio comprising 92 claims in the vicinity of its Rogue Project in the Yukon Territory, Canada. Historical work on these claims suggests the presence of multiple reduced-intrusion related gold systems (RIRGS) within the Rogue Plutonic Complex, the geological system which hosts Snowline's Valley discovery. A historical diamond drill intersection at the "Reid" target roughly 8 km east of Valley and 4 km east of Gracie reported 2.1 g/t Au over 96.0 m within 234.7 m of 0.94 g/t Au, including high-grade intersections of 76.9 g/t Au and 26.7 g/t Au over 1.5 m each, within a granodiorite stock with similarities to the Valley intrusion. These results have not been verified by the Company, but descriptions of geology and mineralization intersected by this drilling, including visible gold in sheeted quartz veins and the poly-phase nature of the intrusion, are consistent with observations made in drilling at Valley, demonstrating the potential for regional gold fertility.

Snowline Gold Purchases Mineral Property Portfolio with Historical Drill Results Of 2.1 Grams Per Tonne Gold Over 96.0 Metres on Intrusive Target Near Rogue Project’s Valley Discovery (accesswire.com)

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