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Snowline Gold Corp reports robust mineralization at surface at the Valley Zone on its flagship Rogue project in the Yukon

Snowline Gold Corp. (CSE:SGD) has reported promising additional preliminary assay results from its 2022 drilling program at the Valley Zone on its flagship Rogue project in the prospective Selwyn Basin, in the Yukon, and the launch of metallurgical testing.

“Each round of Valley drill results has increased not just the known extent of mineralization at the target, but to our understanding of its geology and the geometry of its highest-grade zones,” Snowline CEO Scott Berdahl said in a statement.

“The most robust and consistent mineralization we have seen so far at Valley begins in a broad zone at surface, lending itself to promising potential economics for the project, and reducing the drill meters required to advance the discovery,” he added.

READ: Snowline Gold posts its 2023 exploration plans, reflects on trajectory over past 12 months

The Yukon Territory-focused gold exploration company, with a 17-project portfolio covering over 280,000 hectares, highlighted the following:

  • Hole V-22-026 was collared within the Valley intrusion, along strike with the intrusion’s well-mineralized corridor and 172 meters (m) from the collar site for V-22-014 with 285.2m at 1.45 grams per ton (g/t) gold (Au) including 128.2m at 2.48 g/t Au. It encountered quartz veins and abundant visible gold in its upper sections, returning 1.25 g/t Au over 189.2m from bedrock surface at 10.8m depth, within a broader interval returning 0.90 g/t Au over 289.7m. The hole extends the known strike length of broad, near-surface, gram to multiple-gram-per-tonne gold mineralization at Valley to more than 550m from mineralization encountered in 2021 drilling. The zone of mineralization remains open in multiple directions.
  • HOLE V-22-027 was collared in the Valley intrusion as a step back to the northeast to test the well-mineralized central corridor between holes V-22-014 and V-22-026 at depth. It encountered light to dense quartz vein mineralization from surface bearing bismuthinite and visible gold, before exiting the western boundary of the intrusion into hornfels at 594m downhole depth. Local zones of up to 1.90 g/t Au over 51m (from 268.5m downhole) were encountered, within a wide zone of moderate to strong mineralization averaging 1.01 g/t Au across 250m from 102m downhole. It returned the longest mineralized intersection seen at Valley to date, with potential for higher grades immediately above this hole based on nearby results.
  • Assays remain pending for 6,003m of the 2022 Rogue drill program.
  • Results from surrounding holes, including V-22-007 and V-22-014, suggest that the trace of V-22-027 would have passed underneath the southwestern extension of the near-surface, multiple-gram per-ton gold zone encountered in those holes. Drilling in 2023 will test shallower parts of this area.

Metallurgical Testing

Snowline said it has initiated metallurgical testing of the Valley gold system to determine recovery parameters and processing options. Initial metallurgical testing of drill core from the system is set to begin following shipping of sample material to a third-party lab.

The program will see 10 composite samples of 10 kg each, representing different parts of and different gold grades within the Valley intrusion undergo head analysis, bottle roll tests and rougher flotation tests to establish potential gold recoveries for the system and relative suitability of certain potential means of ore processing.

Overall sulphur content of mineralization in Valley is low, typically less than 0.5% in well-mineralized zones. This, along with the distribution of abundant visible gold, is encouraging from a metallurgical perspective, said the company.

Snowline drew comparisons with gold systems with similar styles of mineralization, including Kinross’s Ft Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon.

“We eagerly await remaining 2022 drill assay results that will shed additional light on this substantial gold discovery,” noted Berdahl. “Our current metallurgical program will provide additional value in outlining gold recoverability, an important milestone as the project moves forward.”

Contact the author Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive

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