Snowy Owl Gold Corp. reported that Geologica Groupe-Counseil of Val d'Or, Quebec, has completed a geoscientific compilation on the Company's 100% owned Panache Gold Project located in the Urban-Barry Greenstone Belt, Quebec, Canada. The geoscientific compilation was successful in identifying several prospective areas in which to focus exploration efforts. The claim, 676.74 hectare, Panache Gold Project is underlain by the same Urban-Barry Greenstone Belt geology which hosts the numerous Osisko Mining and Bonterra Resources' gold showings immediately surrounding the Property. Geophysically, within the Property the Urban-Barry formation displays several electromagnetic INPUT anomalies and high magnetic axis. In the southern half of the Property, a structural contact between the Urban-Barry Greenstone and a granitic pluton may be associated with a favourable metamorphic halo which could host altered fracture and mineralized zones. A fault is mapped in the northern portion of the property which may also represent a structural exploration target. Very little exploration work has been done on the Property, in 1989 a small-scale mapping and outcrop sampling program was conducted in the northern portion of the property. A single grab sample from this program retuned 10 ppb Au, and mapping revealed the presence of intermediate to mafic volcano- sedimentary rock containing quartz-carbonate vein and veinlet hosted pyrite, and cherty bands (exhalite) with 1-2% pyrite. The Property is located in the Quebec's Eeyou Istchee James Bay Region, approximately 100 km east of the town of Lebel-sur-Quevillon, it is easily accessible year-round via a network of logging roads.