Snowline Gold (CSE: SGD) this morning appears to be the junior mining firm with the hottest drill results. The company has posted initial preliminary results from the drill program conducted this year at the Valley Zone of its Rogue Project in the Yukon.
Highlights from the results include:
- V-22-05: 1.03 g/t gold over 331.30 metres, including 1.52 g/t gold over 191.95 metres
- V-22-07: 2.30 g/t gold over 282.91 metres, including 3.24 g/t gold over 146.00 metres
Notably, the company was anxious to release the results of the second hole, V-22-007, with the firm only having receiving results to a depth of 288.0 metres, with the bottom 127.1 metres of the hole still awaiting assay results. The result of 2.30 g/t gold over 282.91 metres as a result could potentially be extended.
“In an aggressive step back 154 m to test the width of the system with Hole V-22-005 and an aggressive step out 340 m along the length of the system with V-22-007 we’ve encountered grades and intervals greater than those of our discovery holes last season. These high grades are associated with unusually high quartz vein densities that are present across a large area,” commented CEO Scott Berdahl.
Both holes exceeded the discovery hole, V-22-03, which was drilled last season and encountered 1.25 g/t gold over 168.7 metres from bedrock surface.
To date, the company has drilled 7,554 metres in total at the Valley Zone, of which 6,750 metres was conducted this year. Assays remain outstanding for the majority, with two drills continuing to drill test the zone.
Snowline Gold last traded at $3.02 on the CSE.
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.
