Snowline Gold Corp (CSE:SGD) boosted its land position around its Cliff and Tosh gold projects in southwestern Yukon, it reported Tuesday.
The junior company added 2,121 hectares covering three target areas around Cliff and another 2,069 hectares to connect gold mineralization zones at Tosh.
In a statement, Snowline told investors that the new claims consolidate the land positions at each project and cover additional prospective zones with historical elevated gold-in-soil sampling results.
READ: Snowline Gold reveals details of its Tosh Gold Project in the Yukon
"We are excited to have consolidated Snowline's position around the Cliff and Tosh projects," Snowline CEO Nikolas Matysek said.
"Our expanded claims now fully cover all of the high-priority targets, as well as prospective adjacent ground, identified by earlier prospecting. Snowline has developed a diversified portfolio of gold projects throughout the Yukon, and we will examine all our options as we continue to advance our portfolio of projects this summer."
Expanded land package in prospective territory
Both additions significantly expand the company’s existing land package in the territory. At Cliff, the total size of the project increased by nearly five times to 2,724 hectares. The new staking also covers three priority targets: Hi, Strike and Spruce, all of which provide better coverage around the main Cliff zone including a major fault zone downslope from the target.
Snowline said it plans to follow up this year with a detailed mapping and prospecting program.
Nearby at Tosh, Snowline added another 99 claims to more than double the project size to 3,700 hectares. The claims consolidate high priority target areas into a single claim block and allow for the first detailed systematic look at the mineralizing system and better coverage along strike of kilometre-scale mineralized trends, according to Snowline.
The firm is planning regional assessment to advance existing targets in 2021, it told shareholders. The regional assessment will be done through detailed stream sediment surveys and geophysical surveying and geological mapping will guide target advancement.
Vancouver-based Snowline is a Yukon Territory focused gold exploration company with a seven-project portfolio covering over 70,000 hectares, including its flagship 64,000-hectare Einarson and Rogue gold projects in the territory’s Selwyn Basin.
Contact Angela at angela@proactiveinvestors.com
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