Core Cutting Unveils New Potential Riches
Snowline Gold Corp. (CSE: SGD) has encountered visible gold in its latest exploration activities on its Einarson, Rogue and Ursa projects in the Yukon Territory, Canada.
Core cutting for drill core sampling in Hole J-21-020 revealed two instances of visible gold, the first visible gold observed in the Jupiter zone.
It is Snowline’s second discovery of visible gold in drill core on a previously untested target in two weeks.
At Rogue, additional visible gold has been observed in drill holes V-21-003 and 004, complementing previously observed trace visible gold mineralisation in V-21-001 and 002. At Ursa, an extensive aerial versatile time domain electromagnetic (VTEM) survey has been completed across 439 km, covering most of the claim block at 200m line spacings in preparation for possible drilling.
“This is icing on the cake for our successful Phase I drill programme at Jupiter,” said CEO, Scott Berdahl.
“On September 3, we released a photo from this drill hole given the potential significance of intersecting mineralized quartz in such a large, blind step-out. I said then it was ‘almost as good as we could hope for.’
With this visible gold, that ‘almost’ can be removed. Hole 20 joins a majority of the 21 holes drilled at Jupiter for which we eagerly await assay results.
‘Apart from our Hole 11 ‘discovery hole,’ which we rushed, we have yet to receive assays back from any of the largest quartz-arsenopyrite intervals we have seen in holes 10 and higher.
“We expect a steady stream of assays back from these holes and from our drilling at Valley on the Rogue project over the coming weeks and months.”
Jupiter is thought to represent an epizonal orogenic gold system. It is one of ten target zones prospective for orogenic and/or Carlin-style gold mineralisation currently recognized on Snowline Gold’s 70%-owned, district-scale Einarson project.
Adjacent projects Rogue and Ursa are prospective for intrusion-related gold, and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere. Readers are cautioned that without assay results, the true significance of the intersections reported herein is uncertain.
Ursa Project Update
At Ursa, a 439 line-kilometre VTEM survey was conducted in early September by Geotech Inc. across most of the northernmost Ursa claim block at a line spacing of 200 m. The survey covers an area of roughly 7,750 ha. It will provide the Company with information on the conductivity and chargeability of rock units underlying the trend of anomalous geochemistry, allowing for better understanding of the underlying geology and potentially mapping out anomalous geophysical targets directly related to base metal or gold mineralisation.
A small programme of additional surface sampling was completed by the Company in a prospective part of the Ursa base metals trend to gain further insight on the origin of the anomalous zinc, nickel, copper, vanadium and silver values in soil and stream geochemical sampling encountered in historical sampling across a wide area, and to provide context for results of the geophysical surveying.
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