Further assay results have been released by Snowline Gold (TSXV: SGD) from drilling conducted earlier this year at the Valley deposit, which is part of the Rogue property in the Yukon.
The latest results are said to continue to delineate consistent mineralization on the northwestern portion of the deposit, well beyond the limit of the current mineral resource estimate area of the deposit. The results meanwhile outperform the current resource model to the northeast.
Highlights from the results include:
- V-24-093: 1.35 g/t gold over 174.5 metres from a depth of 194. metres
- V-24-094: 1.03 g/t gold over 272.6 metres from a depth of 9.9 metres
- V-24-095: 0.65 g/t gold over 604.5 metres from a depth of 5.6 metres, including 1.13 g/t gold over 160.5 metres
- V-24-096: 1.08 g/t gold over 386.0 metres from a depth of 12.0 metres, including 2.00 g/t gold over 120.5 metres
The major intersect released this morning, V-24-096, was focused on drill testing a northeastern extension of strong gold mineralization predicted by the current block model. The hole, along with additional recent drilling, is expected to assist in upgrading this region of the resource estimate for the deposit.
“Our latest results from Valley continue to advance our goals for the 2024 drilling campaign. They upgrade our confidence in the initial mineral resource estimate, and they expand the physical limits of the mineralized system at Valley as we know it. It is exceptional to see such consistency across batch after batch of analytical results-and a hallmark of a top-tier gold deposit,” commented Scott Berdahl, CEO of Snowline Gold.
Assay results from 38 holes across four targets remain outstanding.
Snowline Gold last traded at $5.40 on the TSX Venture.
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