Snowline Gold Corp. (CSE:SGD) has announced additional preliminary assay results from its 2022 drilling program at the Valley Zone within the Rogue Project in Yukon.
A key highlight was hole V-22-028 which intersected a zone of sheeted quartz vein mineralization within the Valley intrusion averaging 1.40 grams per ton (g/t) gold (Au) across 363.5 metres (m) from surface, including zones of 2.03 g/t Au over 129.9m and 2.15 g/t Au over 42.3m, with additional mineralization at depth.
"We are continually impressed not only by the scale but by the continuity of gold mineralization at Valley," said Scott Berdahl, CEO & director of Snowline in a statement.
WATCH: Snowline Gold preliminary results from Valley Zone at Rogue Project returns positive results
"Today's results build on earlier holes, with V-22-028 adding significant tonnage with strong gold grades. The hole demonstrates a wide breadth to the mineralized zone and grade continuity between previous holes. In addition, promising mineralization seen in V-22-019 shows potential for the near-surface higher grades to continue to the southeast, while V-22-020 shows widespread mineralization within the Valley intrusion beyond the main gold zones known to us at present. We look forward to receiving additional assays from the 2022 season as we gear up for an exciting exploration program in 2023," he added.
Rogue's Valley Zone is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production like Kinross's Fort Knox Mine in Alaska and Victoria Gold's Eagle Mine in the Yukon.
The early drill results demonstrate unusually high gold grades for such a system present near-surface across intersections of hundreds of metres, the company said, adding that gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays along the margins of and within a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.
Snowline Gold is a Yukon Territory-focused gold exploration company with a seventeen-project portfolio covering more than 280,000 hectares. The company is exploring its flagship more than 137,000-hectare Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin.
Contact the author at jon.hopkins@proactiveinvestors.com