Snowline Gold Corp revealed new drill intercepts from the Jupiter zone on its Einarson project highlighted by sulphide-bearing quartz-carbonate veins in a 460-metre step-out.
The junior resource company said that the presence of the mineralization could be a “significant positive indication” of the potential at Jupiter, and may be a parallel structural corridor.
Snowline has completed its 4,300-metre phase I drill program on the property, which is located in Canada’s Yukon territory.
READ: Snowline Gold hails discovery of 'sizeable gold system' at Jupiter zone of Einarson project
Assay results from the holes are delayed due to laboratory backlogs, according to Snowline.
"With such a big step-out, we were swinging for the fences," said Scott Berdahl, CEO of Snowline, in a statement.
"While we don't yet have assays for these holes, it's starting to look a bit like a home run.”
Berdahl told investors that the hole hit similar veins, alteration and gold pathfinder minerals to those of Snowline’s recent J-21-011 discovery hole around 1.1 kilometres to its south – a result that Berdahl deemed “almost as good as we could hope for.”
“This caps off a very successful Phase I drill program at Jupiter, with exciting intervals already in hand and most assay results still forthcoming. We look forward to returning to Jupiter next year,” the CEO added.
Additionally, Snowline said it has started drilling at the Valley zone on its Rogue project, located just south of Einarson, its first-ever drill test on the zone.
Berdahl said that the firm is optimistic that it will reveal further discoveries this season.
Snowline is concentrated on exploring its flagship 72,000-hectare Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin.
Contact Angela at angela@proactiveinvestors.com
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