Snowline Gold Hits 414 Metres Of 1.53 g/t Gold
Snowline Gold (TSXV: SGD) is having substantial early success in its ongoing drill program at its flagship Rogue Project in the Yukon. Drill results from two holes were released this morning.
Highlights of the results include:
- V-23-035: 396.5 metres of 1.01 g/t gold from 20.0 metres depth
- V-23-036: 414.5 metres of 1.53 g/t gold from 4.0 metres, including 143.5 metres of 2.92 g/t gold from 23.5 metres depth.
The assays come from the second and third drill holes conducted under the ongoing 10,000 metre drill program focused on the Valley target, where two drill rigs are currently operating. 18 holes have been completed under the current program, with “significant additional drilling planned.”
Hole V-23-036 was focused on testing the southeast edge of a near-surface corridor of gold mineralization at Valley. The intersect has extended the known length of the target by 75 metres to the southeast.
“The gold grades and continuity in V-23-036 add a large tonnage of potentially high-value rock to this zone, which remains open further to the southeast. In addition, the breadth of the mineralized interval in V-23-035, drilled from the western margin of the intrusion, highlights the breadth of strong mineralization present outside of the highest-grade core at Valley, both laterally and to depth,” commented CEO Scott Berdahl.
17 holes at the Valley target are currently awaiting assay results.
Outside of the Valley target, a 2,000 metre drill program is currently underway at the Gracie target, found 4 kilometres to the west, which is to consist of four drill holes. Surface work meanwhile is ongoing at the Cujo target, which is also found at the Rogue project.
Snowline Gold last traded at $4.29 on the TSX Venture.
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