Snowline Gold Corp said it is well positioned with over C$8.5 million in its treasury to help advance its Yukon property portfolio in 2022.
In a shareholder letter, the Vancouver-based firm recapped its first year as a public company as it looks ahead to a “transformative” 2022.
“Our core assets were seven carefully selected greenfield gold projects in Canada’s Yukon Territory. After listing, we immediately set to launch a safe, efficient, and effective field campaign during a pandemic, relying largely on local expertise and relationships with First Nations owned and partnered companies,” the company wrote.
“Remarkably, our first two drill programs – both on never-before drill tested targets – resulted in two new and significant gold discoveries: Jupiter and Valley. These discoveries serve as strong proof-of-concept towards our thesis of a new North American gold district within our project portfolio.”
READ: Snowline Gold announces more positive drill assays from Valley bulk-tonnage gold target at Rogue project
The company is now hoping to further consolidate its land position in Yukon, home to Snowline’s Rogue, Einarson, Ursa and Cynthia projects.
It is also planning to drill at least 8,000 metres at several targets and advance other targets to a drill-ready stage through surface exploration.
“While 2021 was a big year for us, we are just getting started,” the company told investors.
“We are already well underway with preparations for the upcoming field season. Key pieces in place include a drill on site at our Valley target, a second drill under contract, and a permit secured for a new, centralized exploration camp that will allow for more cost-effective exploration.”
Snowline has a seven-project portfolio covering over 100,000 hectares. The company is 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
Follow her on Twitter @AHarmantas