SNOWLINE GOLD CORP announced analytical results from three additional drill holes from its 2023 exploration campaign at the Valley target on its Rogue Project in Canada's Yukon Territory. All three holes, collared near the open eastern boundary of Valley's well-mineralized, near surface gold corridor, returned broad intervals of robust mineralization. Hole V-23-066 averages 2.00 g/t Au over 383.0 m downhole from surface, including 3.95 g/t Au over 107.5 m. Within this is one of the highest-grade sustained intervals seen to date at Valley, averaging 7.52 g/t Au over 16.0 m downhole.

Hole V-23-067 averages 1.62 g/t Au over 418.4 m, including 2.91 g/t Au over 152.0 m with a higher grade zone of 5.58 g/t Au over 29.0 m. Assays for more than 2,640 m of diamond drilling from Snowline's 2023 exploration efforts are forthcoming. HOLE V-23-067: The entire hole is mineralized. V-23-067 averages 1.62 g/t Au across 418.4 m downhole from bedrock surface (at 3.6 m downhole) to the end of hole at 422.0 m. From 62.0 m downhole, the hole averages 2.91 g/t Au over 152.0 m, including 29.0 m of 5.58 g/t Au (influenced by a 3.0 m run averaging 21.87 g/t Au).

Despite localized higher grades, mineralized intervals are carried by consistently anomalous gold values, as indicated by the high remainder values (which exclude higher grade sub-intervals) along with the high capped values (limiting any assay to a maximum of 10 g/t Au). V-23-067 is collared 54 m to the northwest of V-23-065 and 39 m to the southwest of V-22-007 (410.0 m @ 1.89 g/t Au from surface including 3.24 g/t Au over 146.0 m Au starting at 56.0 m depth). This hole is collared in coarse-grained granodiorite and continues in coarse-grained granodiorite, with minor xenoliths and dikes of finer-grained intrusive rock, until intersecting the finer-grained intrusive at 300 m where gold grades are lower with a corresponding decrease in quartz vein density.

The hole remained in the fine-grained intrusive rock to 351 m, where it continued to intersect course-grained granodiorite until to the end of the hole at 422 m. V-23-067 is the northeastern most in a SW-NE fence of holes drilled perpendicular to the NW-SE strike of the mineralized trend at Valley. It extends the known boundary of multiple-gram-per-tonne gold mineralization roughly 65 m to the northeast along this section and demonstrates the open nature of strong mineralization at Valley. HOLE V-23-066: Hole V-23-066 is collared in coarse-grained granodiorite within the Valley intrusion roughly 48 m northwest of the nearest hole, V-22-007 (410.0 m @ 1.89 g/t Au from surface including 3.24 g/t Au over 146.0 m Au starting at 56.0 m depth) and 58 m southeast of V-23-037 (383.8 m @ 2.47 g/t Au including 120.0 m @ 4.06 g/t Au from surface.

The hole commences in strong, sheeted gold-bearing quartz vein mineralization from bedrock surface at 3.5 m downhole and continues in predominantly strong mineralization until approximately 100 m downhole, near where the hole intersects a central, valley-parallel fault at 98 m downhole. Quartz vein densities and occurrences of visible gold increase below the fault, with higher grade mineralization continuing until a second valley-parallel fault at 277 m downhole. Below the second fault, quartz vein densities and occurrences of visible gold decrease along with the gold grade, though low grade mineralization continues to the end of the hole at 386.5 m, where the hole terminates within the intrusion.

Multiple gold-bearing quartz vein orientations are present, with a dominant sheeted vein array striking northwest and steeply dipping to the northeast, as commonly seen in the primary mineralized zone at Valley. Overall, the entire 383 m downhole from bedrock surface averages 2.00 g/t Au, with an internal interval of 107.5 m averaging 3.95 g/t Au beginning from 110.0 m downhole. Within this, the highest grades are seen in the core with a subinterval of 16.0 returning 7.52 g/t Au.

The presence of such high and consistent gold grades beginning at surface in a large gap in previous drilling further de-risks the mineral system at Valley, demonstrating strong continuity within the well-mineralized multi-gram gold zone. A twinned PQ-diameter hole, V-23-MET-001, was drilled from the same drill pad with similar orientation to V-23-066. Material from this hole will be used for additional metallurgical and processing test work over the coming months.

HOLE V-23-065: V-23-065 is collared 69 m to the southwest of V-22-027 (481.5 m @ 0.69 g/t Au, starting from 11.5 m depth), and 83 m to the northeast of V-23-036 (414.5 m @ 1.53 g/t Au starting at 4.0 m depth), with all three holes forming a fence across the southeastern part of the well-mineralized, near-surface corridor within the Valley intrusion. This hole is collared in coarse-grained granodiorite, with minor xenoliths and dikes of finer-grained intrusive rock, until intersecting the finer-grained intrusive at 343 m where gold grades are lower with a corresponding decrease in quartz vein density. The hole remained in the fine-grained intrusive rock until its termination at 428.0 m. The hole exhibits a moderately strong mineralized interval, demonstrating the strength and scale of the system in this area.

V-23-065 averages 1.14 g/t Au across 344.5.0 m downhole from bedrock surface (at 5.4 m downhole), with an internal interval of 1.60 g/t Au over 177.5 m from 58.0 m downhole. A second mineralized interval begins just below this, averaging 0.54 g/t Au over 72.0 m from 356.0 m downhole, continuing to the end of the hole. V-23-065 adds breadth to the known extent of near-surface >1 g/t Au mineralization in the eastern part of the Valley gold system, which remains open.

This hole and the others in this release demonstrate the robustness of the system, as drilling has yet to define the edges of the well-mineralized, near-surface corridor within the Valley intrusion.