Snowline Gold Corp. announced discovery of a new reduced-intrusion related gold system (RIRGS) target 12 km from its Valley discovery on its Rogue Project in the Yukon Territory, Canada. Analytical results received from the 2023 surface exploration program at the Company's new Aurelius target reveal an open, 2,000 m long by up to 500 m wide zone of anomalous gold values in talus fines and soils, with concentrations of up to 14.9 g/t Au complemented by anomalous values for RIRGS pathfinder elements bismuth and tellurium.

Rock chip samples from outcrops roughly 235 m apart averaging 2.01 g/t Au over 17.0 m (open) and 2.31 g/t Au over 14.0 m (true widths not known) demonstrate the potential for significant scale and a local source to the anomaly. Based on these results, Aurelius is a high priority exploration target at Rogue and a potential drill target in Snowline's upcoming 2024 exploration program. Plan view of the Aurelius anomaly, showing the open extent of anomalous gold values in surface geochemistry and the location of the continuous rock chip samples.

The presence of outcropping granodiorite in the vicinity of the anomaly, along with widespread magnetic highs suggest that an intact, causative intrusion may be located near surface. Background colours show geology, with green and orange units showing volcanic rocks (andesites and tuffs), while shades of yellow show sedimentary rocks (sandstones and siltstones). White areas are covered and/or have not been mapped.

Location map showing Aurelius relative to Valley and other drilled, gold-bearing RIRGS targets on Snowline'sRogue Project. The new target is on trend with a prominent linear northwest-southeast trending valley that hosts Snowline's Valley discovery. and contour sampling of talus fine and soils at Aurelius delineates an open, 2,000 x 500 m zone of consistently elevated to anomalous gold concentrations, to a maximum of 14.9 g/t Au in talus fines.

Eighty-nine of 192 samples (46%) returned >0.05 g/t Au, with 62 of these exceeding 0.1 g/t Au. Strong results along the southern, southeastern and northwestern limits of the survey suggest potential for a larger target area, as do anomalous talus fine results to the southwest of the main anomaly and high gold values in historical stream sediment samples from surrounding drainages. Gold values at Aurelius have elevated bismuth (up to 352 ppm) and tellurium (up to 21.9 ppm) values along with generally low levels of arsenic-a geochemical signature similar to that of Snowline's Valley discovery.

Elevated to anomalous concentrations of tungsten, silver, lead and copper are also present and correlate with gold. Two exposed outcrops at Aurelius were sampled by continuous rock chip sampling, across distances of 100 m and 22 m respectively. The outcrops themselves are roughly 235 m apart.

The 100 m section, sampled in 2 m subsections, returned a continuously mineralized interval of 14.0 m averaging 2.31 g/t Au and 21.1 g/t Ag, including 4.0 m @ 3.59 g/t Au and 10.2 g/t Ag, and 2.0 m @ 5.49 g/t Au and 82.9 g/t Ag, along with other zones of elevated gold values (0.1 g/t to 0.4 g/t Au, with one additional 2.0 m subsection @ 3.48 g/t Au). The 22 m section, sampled in 1 m subsections, returned a continuously mineralized interval of 17.0 m averaging 2.01 g/t Au, including 2.0 m @ 4.22 g/t Au, and 2.0 m @ 4.94 g/t Au at the open edge of the 22 m section. These rock chip samples were taken by hand using rock hammers and are thus not as representative as drill core samples.

True widths for the mineralized intervals are not known, but the samples were oriented nearly perpendicular to north-south and northeast-southwest structures that appear to control mineralization. Plan view showing relative locations of the two continuous outcrop chip samples taken at Aurelius . Both samples come from a tuff unit that caps a prominent east-west ridge top in the southern part of the larger geochemical anomaly.

Aurelius is underlain by a sequence of interlayered Paleozoic sedimentary and volcanic rocks, cut by steeply dipping north-south and northeast-southwest structures and altered by fluids from subsequent emplacement of intrusive rocks. Alteration takes the form of silicification, clay alteration associated with the structures and hornfels in sedimentary rocks. The highest gold values are associated with pervasive silicification in tuff sequences.

The target sits 4.5 km west of the mid-Cretaceous Old Cabin Pluton. Airborne magnetics and the observation of outcropping granodiorite roughly 600 m west of the target highlight the presence of additional intrusive rocks in the vicinity of the anomaly, and the potential for a Valley-style mineralized intrusion located near surface at Aurelius. The Company plans to follow up on the target aggressively in 2024, with additional surface sampling and mapping, an airborne ZTEM geophysical survey to assist in targeting, and potentially Phase I drilling.

Historical work at Aurelius is sparse. The "Horn" mineral occurrence (Yukon Minfile 105O 010) roughly 1 km west of Aurelius was noted and sampled as a copper occurrence in 1970. In 1982, two soil lines intersected parts of the anomaly, returning high gold values that have not been directly verified by the Company.

Snowline had previously identified the broader area west of the Old Cabin pluton, including Aurelius, as a primary target area for exploration based on historical results and magnetic anomalism. The discovery of Aurelius marks the delineation of a new RIRGS target on the Rogue Project. With steep, rocky terrain and poor soil development on parts of Aurelius, many surface geochemistry samples are classified as talus fines.

Talus fines samples are produced by mechanical weathering of rocks and are less modified by chemical weathering than typical soils. Some elements in talus fine samples may have stronger geochemical responses than soils from over a bedrock geochemical anomaly. Talus fine samples are also more susceptible to a sampling bias wherein more easily weathered mineralized zones, such as sulphide-rich veins, can contribute a larger portion of the talus fine sediment load than the more durable and relatively barren country rock, resulting in a concentration of associated elements like gold.