Snowline Gold Corp. announced analytical results from additional exploration holes drilled on its Rogue Project in Canada's Yukon Territory. Hole V-23-061 returned 2.46 g/t Au over 519.6 m from surface, including 3.60 g/t Au over 265.6 m downhole, demonstrating a strong consistency of near-surface, multiple-gram-per-tonne-gold mineralization.

Holes V-23-059 and V-23-060 were drilled within the southeast extension of the system and add dimensionality and consistency to known mineralization in that direction. Assays for more than 5,475 m of diamond drilling from Snowline's 2023 exploration efforts remain pending. HOLE V-23-061: Hole V-23-061 is collared in coarse-grained granodiorite within the Valley intrusion roughly 60 m northeast of V-22-039 (553.8 m @ 2.48 g/t Au including 183.3 m @ 4.34 g/t Au from surface) and 51 m southwest of V-23-037 (383.8 m @ 2.47 g/t Au from surface including 120.0 m @ 4.06 g/t Au).

It continues in coarse-grained granodiorite for the length of the hole, intersecting two small (1 m scale) dikes of fine-grained granodiorite. The hole commences in strong, sheeted gold-bearing quartz vein mineralization from bedrock surface at 5.5 m downhole and continues in strong mineralization until approximately 270 m downhole, where the hole intersects a central, valley-parallel fault. Quartz vein densities drop off below the fault, but lower grade mineralization continues for the remainder of the hole.

Vein orientations in the lower part of the hole generally run at low angles to the drill core, whereas in the upper part of the hole they are consistent with the dominant, steeply dipping northwest striking vein array seen across the Valley intrusion. Overall, the top 519.6 m downhole from bedrock surface average 2.46 g/t Au, with an internal interval of 265.6 m averaging 3.60 g/t Au also beginning from surface. This sub interval is the strongest near-surface (upper 250 vertical metres from bedrock surface) mineralized intersection from the Valley target to date.

Within this, a zone of sustained higher grades beginning at 149.0 m downhole averages 6.47 g/t Au over 47.5 m. The consistency of strong, near-surface mineralization in V-23-061 is emphasized by the even distribution of grades. Within the top 265.6 m interval downhole from bedrock surface, 90% of assays (measured by core length) returned >1 g/t Au and no assays returned <0.4 g/t Au. As with many other holes at Valley, capping mineralization at 10 g/t Au has only a minor effect on grades-in the near surface interval, the capped average is 3.4% lower, at 3.48 g/t Au instead of 3.60 g/t Au over the 265.6 m downhole interval.

Within this, the 143.0 m downhole stretch from 68.5 m to 211.5 m represents the longest interval to date at Valley without a single assay value <1.0 g/t Au. Nearly half (46.1%) of the assays within this interval are above 4.0 g/t Au, and 82.8% returned greater than 2.0 g/t Au. (The average grade over this 143.0 m interval is 4.54 g/t Au.) Towards the bottom of the broader 519.6 m interval, beginning at 514.0 m downhole, a quartz vein roughly 2 cm wide running subparallel to the core for approximately 1 metre was intersected, with abundant millimetre to sub-millimetre scale instances of visible gold.

This interval yielded 154.7 g/t Au across 1.0 m downhole (with a localized true width closer to the 5.1 cm diameter of the drill core). The hole ends with a second interval of mineralization beginning at 534.0 m downhole and averaging 0.35 g/t Au over 64.0 m. Gold values within this interval have higher variance, owing to the lower vein density and the subparallel orientation of the veins to the drilling direction. HOLE V-23-059: Hole V-23-059 is collared in coarse-grained granodiorite of the Valley stock, on section between V-23-044 (295.9 m @ 1.32 g/t Au from surface including 157.0 m @ 2.03 g/t Au) roughly 132 m to its southwest and V-22-027 (481.5 m @ 0.69 g/t Au including 250.0 m @ 1.01 g/t Au,) roughly 108 m to its northwest.

The hole encountered sheeted gold-bearing quartz vein mineralization from bedrock surface at 6.9 m downhole. The full interval of continuous mineralization within the hole averages 1.01 g/t Au over 429.6 m from bedrock surface, with a higher-grade zone averaging 1.97 g/t Au over 105.5 m from 112.0 m downhole. A second interval of lower grade mineralization (0.28 g/t Au over 44.0 m from 450.0 m downhole) is present near the edge of the intrusion.

The hole exits the intrusion at 507.0 m downhole into primarily non-mineralized hornfels. Gold grades in V-23-059 are not affected by grade capping at 10 g/t Au, demonstrating the consistent nature of mineralization across the broad mineralized interval. Both V-23-059 and V-23-060 add breadth to the known extent of near-surface >1 g/t Au (to nearly 2.0 g/t Au in the case of V-23-059) mineralization in the southeast extension of the Valley gold system.

Regional Drilling: Gracie Target, Rogue Project: At Gracie, assays for G-23-008 and G-23-009 have been received. These holes were drilled in the western and southern parts of the zone of hornfels at Gracie, away from the primary planned hole locations which were postponed due to technical conditions at the pad sites. Both holes intersected long runs of hornfels sandstones, siltstones and cherts, with rare quartz veins and varying degrees of silicification along with biotite and chlorite alteration.

Gold values were generally low, with elevated to anomalous gold values of up to 1.57 g/t over 0.8 m. The results will be used alongside previous drilling, geophysics, surface geochemistry and mapping to determine an optimal follow-up drilling strategy for the Gracie target.