Snowline Gold Corp. (CSE: SGD) has intersected a wide zone of shallow gold in its Phase I drill and exploration programme at the Valley zone on its Rogue gold project in the Yukon Territory, Canada.
Holes V-21-003 and V-21-004 each intersected broad zones of high gold values associated with visible gold in sheeted vein arrays.
V-21-003 averaged 1.56 g/t Au over 125.0 m from surface, within a broader sheeted vein array zone 1.25 g/t Au over 168.7 m, also from surface.
Hole V-21-004, collared farther from the intrusion, also encountered strong gold grades in sheeted veins, running 0.90 g/t Au over 69.5 m from 65.0 m depth.
Local “hot spots” of up to 16.2 g/t Au over 1.5 m are present within the mineralised intervals, but the broader intervals are carried largely by consistently anomalous gold values.
“These results build on what was already a remarkably successful first season for Snowline,” said Scott Berdahl, CEO and director of Snowline Gold Corp.
“V-21-003 and V-21-004 were drilled specifically to crosscut and better test the width of the sheeted vein arrays at Valley. Hole V-21-003 began in a mineralised interval, so that width remains open.
“That it intersected a higher total gold content than any other hole drilled by Snowline in 2021 is a promising sign both for the Valley target and the broader Rogue project.
“Hole V-21-004 also hit strong grades, demonstrating that the system is open along its length, which continues beyond the margins of the intrusion. We are eager to follow up on these results with a significant drill programme at Valley in 2022.”
Based on the geological setting, the style of mineralisation and the geochemical and mineral associations observed in drill core, Valley is interpreted to be a reduced intrusion-related gold system (RIRGS).
Elsewhere, RIRGS gold deposits are known to form important commercial gold resources, including Victoria Gold Corp.’s Eagle Mine in the Yukon and Kinross Gold Corporation’s Fort Knox Mine in Alaska. Both deposits are hosted in intrusive rocks analogous to those at Valley.
Valley is currently a discovery-stage bulk-tonnage prospect with no estimated resources nor reserves. At this early stage it is not possible to determine the size of the mineralised system nor whether it will prove to be economically viable.
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 Jupiter and Valley 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 higher 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/
