Snowline Gold (TSXV: SGD) has intersected substantial widths of mineralization as it continues to drill test its Valley target at the Rogue Project, found in Yukon, Canada.
The company this morning released a set of four assays for the target from recently conducted drilling, along with the results of drill programs conducted at numerous other targets on the property.
Highlights from the results include:
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- V-23-049: 539.4 metres of 1.20 g/t gold, including 151.5 metres of 2.41 g/t gold
- V-23-050: 423.3 metres of 1.08 g/t gold, including 252.0 metres of 1.45 g/t gold
- V-23-051: 82.5 metres of 1.52 g/t gold
- V-23-052: 146.0 metres of 0.42 g/t gold
The latest results at Valley are part of a drill program that has seen over 15,000 metres drilled under the current program in 2023, with a total of 36 holes completed to date. Assays remain pending for 19 holes from the program.
READ: Snowline Gold Hits 414 Metres Of 1.53 g/t Gold
Snowline also revealed this morning that a single hole program conducted at the Reid target intersected 174.5 metres of 0.27 g/t gold in hole LM-23-001, while drilling at Gracie is waiting on three assay results, with the company indicating hole G-23-006 intersected “localized intervals of anomalous gold mineralization,” amounting to 1.31 g/t gold over 1.0 metre. Snowline blamed the weaker result on an aborted hole due to pad stability issues. A single hole conducted at the Cujo target is still pending as well.
Over at the Cliff project, results from three holes were released. The results included:
- CL-23-001: 3.0 metres of 1.42 g/t gold
- CL-23-002: 1.5 metres of 1.32 g/t gold
- CL-23-003: 1.5 metres of 1.67 g/t gold, 6.0 metres of 0.94 g/t gold
Snowline Gold last traded at $4.62 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
