Snowline Gold (TSXV: SGD) has successfully intersected mineralization in a 300 metre step out to the east of its Valley deposit, which is found at the firms Rogue project. The step out was conducted as part of the 2024 drill program, further results for which were released this morning.
Highlights from the results include:
- V-24-115: 2.08 g/t gold over 15.5 metres, from a depth of 235.0 metres
- V-24-116: 0.95 g/t gold over 287.8 metres from a depth of 12.7 metres, including 1.24 g/t gold over 145.0 metres from a depth of 77.0 metres
- V-24-117: 1.14 g/t gold over 242.5 metres from a depth of 174.0 metres, including 1.64 g/t gold over 112.5 metres from a depth of 277.0 metres
- J-24-031: 6.84 g/t gold over 9.4 metres, from a depth of 423.7 metres
Of the highlighted results, hole V-24-115 represents a step out of the Valley deposit, with mineralization being intersected outside of the current resource model in a large and untested portion of the Valley intrusion. Holes V-24-116 and V-24-117 meanwhile demonstrate continuity of mineralization along multiple edges of the primary deposit area.
Hole J-24-031 meanwhile was conducted at Jupiter, part of the nearby Einarson project, with the hole confirming a secondary east-west structural control of mineralization at the project.
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“Today’s results from other parts of the Valley intrusion and from the separate Jupiter target are both great reminders that the Valley deposit was not created in a vacuum, but rather as a product of target-scale and regional-scale geological processes underpinned by gold fertility of the eastern Selwyn Basin. Hole V-24-115 highlights the potential of the Valley intrusion itself-outside of the current Valley deposit-to host additional zones of high-grade gold mineralization,” commented Scott Berdahl, CEO of Snowline.
Assay results from six drill holes conducted in 2024 remain outstanding, out of a total of 55 drill holes conducted last year at Valley. Results from the program are to be used for an updated mineral resource estimate, which is scheduled to be released in the first half of this year.
Snowline Gold last traded at $6.15 on the TSX Venture.
Information for this briefing was found via Sedar and the sources 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.
