- Snowline Gold (TSXV:SGD) reveals drilling results from its 2024 campaign at the Valley Deposit in Yukon
- Drilling extended the known mineralization with seven holes confirming strong consistent gold grades from surface
- Over 21,400 metres drilled in 37 holes across five targets have been drilled in 2024, with results pending.
- Shares of Snowline Gold are down 2.03 to C$5:30 as of 10:47 a.m. ET
Snowline Gold (TSXV:SGD) reveals results from its 2024 drilling campaign at the Valley deposit on the Rogue Project in Yukon, along with regional exploration updates from its Cynthia Project.
In a press release, the company stated recent drilling at the Valley deposit has extended the known mineralization, with several holes, including V-24-088, confirming strong, consistent gold grades from surface and indicating that mineralization extends beyond the current resource boundaries.
Other highlights include:
- Hole V-24-088 was drilled to test the northeastern extension of gold mineralization at Valley and encountered significant gold-bearing zones, reinforcing the continuity of the deposit. This hole intersected coarse-grained granodiorite with fine-grained porphyritic granodiorite and weakly mineralized hornfels.
- The results are expected to support an updated resource estimate, with further assays from the current campaign still pending.
“We are encouraged to see continued strong results at Valley, with drill hole after drill hole reinforcing the high-quality nature of the mineralization. This consistency is a hallmark of a significant gold system,” Scott Berdahl, CEO of Snowline Gold, said in a statement.
Over at Snowline’s Cynthia Project, the company has identified a significant gold and silver anomaly in talus fines. Geochemical sampling outlined a 500 x 200 metre anomaly, with notable results including up to 0.52 grams per ton (g/t) gold and 28.5 g/t silver.
Additionally, a continuous 8-metre chip sample from a mineralized dike within the anomaly returned 0.58 g/t gold and 45.0 g/t silver, further demonstrating the potential of the Cynthia target. The mineralized dike is estimated to extend for at least 500 meters and averages 5-to-8 metres in width.
Over the course of 2024, Snowline has drilled over 21,400 metres in 37 holes across five different targets. The focus remains on advancing the Valley deposit, with additional exploration continuing across the broader Rogue Project, which encompasses the Rogue Plutonic Complex.
Snowline Gold is a Yukon-based gold exploration company focused on its flagship Rogue Project, with additional projects across the Tintina Gold Province. Snowline’s portfolio covers approximately 360,000 hectares and is strategically located in one of the world’s most prolific gold districts, offering significant upside potential through discovery and resource growth.
Shares of Snowline Gold are down 2.03 to C$5:30 as of 10:47 a.m. ET.
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(Top image: Snowline Gold)