SNOWLINE GOLD CORP. announced receipt of remaining assay results from Phase I drilling at the Jupiter zone on its district-scale Einarson gold project in the Yukon Territory, Canada. Among these results, hole J-21-020 returned 8.3 g/t Au over 4.7 meters, including 22.1 g/t Au over 1.1 meters in a quartz-carbonate vein breccia carrying visible gold. True widths for this intersection are not known but are estimated at approximately 90%
of the reported interval. The bottom of hole J-21-016 returned 0.95 g/t Au over 4.5 m from 175.8 m downhole. Holes 17 through 19 were drilled to test a possible parallel trend to the discoveries in holes 10-13 and 15, and they intersected grades of up to 3.2 g/t Au. Hole J-21-021, which was drilled at a steeper angle from the same pad as Hole 20, intersected a large pyritic zone with quartz carbonate material but generally subdued gold values (Table 1). The style of mineralization in Hole J-21-020 is consistent with that observed on surface in quartz-carbonate float boulders and in drill discoveries made by Snowline earlier in the season on Jupiter, suggesting the presence of a large mineralized system. It is also consistent with occurrences of near-source float mineralization observed at the Avalanche Creek target, some 12 kilometers to the south of Jupiter. This Phase I drill program represents the first ever drilling at Jupiter and marks the discovery of a new style of mineralization for this region of the Yukon. Jupiter is thought to represent an epizonal orogenic gold system, with similarities to systems like New Found Gold Corp.'s Queensway discoveries in Newfoundland and Agnico Eagle Mines Ltd.'s Fosterville mine in the Bendigo district of Australia. Jupiter is one of nine target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold's 70%-owned, district-scale Einarson project. Adjacent projects Rogue and Ursa are prospective for intrusion-related gold and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere.