Snowline Gold Corp has reported more Phase 1 drill results from Jupiter zone on its Einarson gold project in Canada’s Yukon Territory, which have expanded the high grade gold footprint at the property.
The latest hole was found to have hit a large, sulphide-bearing quartz-carbonate vein, the company said, and assayed 13.72 grams per ton (g/t) gold over an intersection of 3.6 metres (m) from a depth of 119.1m. That included a length of 0.95m at 25.2 g/t starting from a depth of 121.8m.
Notably, this hole was sunk 153m northwest of recent high grade discovery holes, said Snowline.
READ: Snowline Gold intersects high-grade gold at its Einarson project in the Yukon
"We are excited to intersect additional high-grade gold mineralization in this significant step-out from our discovery holes," said Scott Berdahl, CEO of Snowline, in a statement.
"Jupiter is a blind target — it's close to the surface but covered by thin overburden. We did not have a mineralized discovery outcrop to trench nor to drill, so our Phase 1 holes were somewhat random tests of a blind system.
"Nonetheless, these drill holes are regularly hitting gold, and this latest intersection further expands the footprint of known in-situ mineralization. We still have a lot to learn, and have yet to delineate the length, depth or even the breadth of the gold system. We are eagerly awaiting assay results from the remaining five holes at Jupiter, as well as all four holes from the Valley zone on our Rogue project," he added.
Drilling at Jupiter has so far tested only parts of a 1.1 kilometre (km) length within a roughly 3 km long gold-in-soil anomaly.
The strongest assay results thus far are from the south end of this partially tested length and visible gold was encountered at its north end. The gold system remains open in all directions, the company noted.
Snowline Gold is a Yukon Territory-focused gold exploration company with a seven-project portfolio covering more than 90,000 hectares.
It is exploring its flagship 72,000-hectare Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin.
Contact the author at giles@proactiveinvestors.com