Snowline Gold (CSE: SGD) this morning released preliminary results from a 2022 drill program conducted at its Rogue Project, which is found in the Yukon. Results from a single hole were reported, with the results said to represent the largest mineralization intersection to date.
Hole V-22-029 intersected mineralization from a depth of just 4.4 metres through to 563.0 metres, representing an intersect of 558.7 metres, which encountered 1.26 g/t gold. The company also reported that the results include an interval of 2.04 g/t gold over 202.0 metres, beginning at a depth of 90.0 metres.
“V-22-029 exceeded our expectations, intersecting strong mineralization much higher in the hole than we originally anticipated and continuing to significant depth. It’s the longest continuously mineralized interval we’ve drilled at Valley to date, and like many of Valley’s best holes the interval begins at bedrock surface,” commented CEO Scott Berdahl on the results.
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A second interval of mineralization was encountered at a depth of 630.5 metres, where Snowline intersected 58.5 metres of 0.81 g/t gold.
The hole itself was a step-back from hole V-22-010, which encountered 2.55 g/t gold over 318.8 metres from surface, as a means of determining the width of the near-surface corridor of mineralization, and the continuity of mineralization at depth. Known widths of near surface mineralization have now been expanded at the Valley target following the results, and mineralization is confirmed to continue to depths beyond 400 metres.
Assays are said to still be pending on three holes conducted at Rogue in 2022.
Snowline Gold last traded at $2.21 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.
