Snowline Gold Corp. (TSXV:SGD) has staked substantially all remaining open ground over the Rogue Plutonic Complex, the broad geological feature responsible for gold mineralization at the Rogue Project’s Valley discovery and other nearby reduced intrusion-related gold system (RIRGS) targets in the Yukon.
This staking expands Snowline’s 100% owned Rogue Project by roughly 80% to 94,397 hectares (944 km2) and consolidates the 60×30 km geological feature for systematic, comprehensive exploration.
Additional strategic and targeted staking on the company’s surrounding Cynthia, Einarson and Ursa projects brings its total Yukon Territory mineral tenure holdings to 333,900 hectares (~3,339 km2). The increased land position solidifies Snowline’s competitive advantage in an emerging gold district host to multiple gold discoveries and mineralization styles.
“We know from our 2022 drill results at Valley that the Rogue Plutonic Complex has the necessary geological ingredients to produce a significant gold system,” said Scott Berdahl, CEO and director of Snowline Gold.
“The Valley discovery highlights the geological potential of the rest of this regional-scale geological feature, where limited historical work and our own efforts have produced an abundance of intriguing results, anomalies and discoveries.
“We have actively built, progressively and systematically, not just a first-mover position but effectively an ‘only-mover’ position in a fertile area that we believe has the potential to become a new gold district. We can now comprehensively and responsibly explore this area, focusing not only on advancing our existing targets but on making additional discoveries as well.”
In addition to staking, the Snowline technical team has been compiling and digitizing historical work from various campaigns in the Rogue project area carried out in the late 1960s, early 1980s and mid-1990s, adding it to the company’s extensive database from the work done in and around the project area in the early 2010s and recently by the company itself.
Areas of Interest
Roughly 21% of the 2,530 newly staked claims fall within or partly within the fixed 2km areas of interest (AOIs) defined in Snowline (formerly Skyledger Tech Corp)’s December 1, 2020 deal with Yukon-based company 18526 Yukon Inc., through which Snowline acquired its extensive Yukon datasets and its initial Yukon mineral properties.
Claims staked within the AOIs are subject to a 2% net smelter return (NSR) and are incorporated into existing buy-down provisions which allow Snowline to reduce NSR to 1% on a project-by-project basis.
For further information please visit: https://snowlinegold.com/
