Snowline Gold Corp. (CSE: SGD) has discovered the “Ridge” zone, a 1.0 km stretch of anomalous gold in soils, talus fines and rock samples on the northeast shoulder of the Valley intrusion on its Rogue gold project in the Yukon Territory, Canada.
The company has received additional surface sampling results from its “Ridge” zone, immediately adjacent to its Valley discoveries at Rogue.
Contour soil and talus fine samples as well as rock grab samples reveal a 1.0 km zone of anomalous gold concentrations on the northeast edge of the Valley intrusion associated with sheeted quartz veins arrays.
A continuous stretch of 18 contour soil and talus fine samples spanning 750 m within the zone averaged 0.21 ppm Au, with values up to 0.758 ppm Au. The zone is open in all directions.
“These reconnaissance sampling results significantly expand the scale of the mineralised system at Valley,” said Scott Berdahl, CEO and director of Snowline Gold.
“The tenor of our September 2021 drill discoveries, with drilled intersections of up to 1.25 g/t Au over 168.7 m from surface, provide context for the inherent potential of this sibling zone, located on an adjacent shoulder of the Valley intrusion and exhibiting a similar style of mineralisation.
“Overall, the broader Valley area is looking more and more like the type of large, robust gold system that we founded Snowline Gold Corp to find.
“With a drill parked on site, permits in place and a strong treasury, we are looking forward to an exciting and discovery-filled exploration season in 2022.”
In addition to locating additional sheeted vein arrays, prospecting by Snowline’s field team confirmed historical discoveries of arsenopyrite vein material sourced from the Ridge zone, just outside of the Valley intrusion.
Historical grab sample assays of this material run as high as 152 g/t Au, and check assays by Snowline and an independent qualified person hired by the company returned up to 58.4 g/t Au.
While this occurrence was known to the company, the extent of high gold values in soils, talus fines and rock samples and the extent of sheeted veining demonstrate the presence of a significant new zone for targeted future exploration.
Higher on the ridge and farther east of the intrusion, prospecting by Snowline personnel encountered mineralised dikes, additional gold bearing sulphide veins and skarn-like alteration, demonstrating the extent and fertility of the Valley reduced-intrusion related gold system (RIRGS).
These observations suggest that the intrusion itself may laterally beneath sedimentary units to the east, in the direction of Snowline’s adjacent “Gracie” RIRGS prospect.
Upcoming Exploration
With over C$8.5M in the treasury, Snowline is actively preparing for a busy 2022 exploration season. The upcoming programme will see at least two drills turning on an 8,000+ m programme focused on the company’s Valley and Jupiter discoveries along with nearby targets. This work continues to build toward establishing North America’s newest gold district in the Yukon’s Selwyn Basin.
The company currently has a diamond drill under contract and on site at Valley, overwintering for a quick and cost-effective resumption of drilling in Spring 2022. Given the scale of the associated geochemical anomaly, the extent of sheeted veins observed on surface and the potential for high vein densities within the intrusion, a 3000+ m drill programme is planned at Valley to better understand the scale and continuity of the mineralised zone.
For further information please visit: https://snowlinegold.com/
