Snowline Gold (TSXV: SGD) has continued to intercept long lengths of gold mineralization at its Valley deposit, which is part of the firms flagship Rogue Project in the Yukon.
The latest intercepts come from the northwest end of the deposit, where mineralization has been identified outside of the current resource footprint. The results are expected to upgrade and de-risk certain areas of the initial mineral resource estimate for Valley.
Highlights from the results include:
- V-24-088: 1.40 g/t gold over 219.1 metres, from a depth of 4.1 metres, including 2.11 g/t gold over 72.0 metres
- V-24-090: 0.73 g/t gold over 289.8 metres from a depth of 110.5 metres
- V-24-091: 1.06 g/t gold over 380.4 metres from a depth of 4.6 metres, including 2.00 g/t gold over 51.0 metres
- V-24-092: 0.83 g/t gold over 247.8 metres from a depth of 9.2 metres
“We are encouraged to see results from Valley continuing to live up to the high standards set by the deposit model, in hole after hole-in our view, this is a key hallmark of a high-quality mineral deposit,” commented CEO Scott Berdahl.
READ: Snowline Drills 2.10 g/t Gold Over 433.5 Metres At Valley
At the same time, Snowline also reported exploration results from field work conducted at a target on its Cynthia project. here, a 500 metre by 200 metre gold and silver anomaly has been identified to the north of the Intersection target. Out of 28 talus fine samples taken, 16 returned grades in excess of 0.1 g/t gold, with the average sample returning 0.19 g/t gold and 5.7 g/t silver. Chip samples collected from a felsic dike cutting across the anomaly reportedly assayed 0.58 g/t gold and 45.0 g/t silver over 8.0 metres in 8 contiguous 1 metre samples.
Snowline Gold last traded at $5.41 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.
