Snowline Gold Corp has announced additional surface sampling results from its Ridge zone, immediately adjacent to its Valley discoveries on its Rogue gold project in the Yukon Territory, Canada.
Contour soil and talus fine samples, as well as rock grab samples, revealed a 1-kilometer zone of anomalous gold concentrations on the northeast edge of the Valley intrusion associated with sheeted quartz veins arrays.
A continuous stretch of 18 contour soil and talus fine samples spanning 750 meters (m) within the zone averaged 0.21 parts per million (ppm) gold (Au), with values up to 0.758 ppm Au. The zone is open in all directions, the company noted.
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"These reconnaissance sampling results significantly expand the scale of the mineralized system at Valley," said Scott Berdahl, CEO of Snowline Gold in a statement. "The tenor of our September 2021 drill discoveries, with drilled intersections of up to 1.25 grams per tonne Au over 168.7 m from surface, provide context for the inherent potential of this sibling zone, located on an adjacent shoulder of the Valley intrusion and exhibiting a similar style of mineralization.”
He added that overall, the broader Valley area is looking more and more like the type of large, robust gold system that Snowline Gold was established to find. “With a drill parked on-site, permits in place, and a strong treasury, we are looking forward to an exciting and discovery-filled exploration season in 2022," he said.
In addition to locating additional sheeted vein arrays, prospecting by Snowline's field team confirmed historical discoveries of arsenopyrite vein material sourced from the Ridge zone, just outside of the Valley intrusion.
Historical grab sample assays of this material run as high as 152 g/t Au, and check assays by Snowline and an independent qualified person hired by the company returned up to 58.4 g/t Au. While this occurrence was known to the company, the extent of high gold values in soils, talus fines, and rock samples and the extent of sheeted veining demonstrate the presence of a significant new zone for targeted future exploration.
With over C$8.5 million in the treasury, Snowline is actively preparing for a busy 2022 exploration season. The upcoming program will see at least two drills turning on an 8,000+ m program focused on the company's Valley and Jupiter discoveries along with nearby targets. This work continues to build toward establishing North America's newest gold district in the Yukon's Selwyn Basin.
Snowline said it currently has a diamond drill under contract and on-site at Valley, overwintering for a quick and cost-effective resumption of drilling in Spring 2022. Given the scale of the associated geochemical anomaly, the extent of sheeted veins observed on the surface and the potential for high vein densities within the intrusion, a 3000+ m drill program is planned at Valley to better understand the scale and continuity of the mineralized zone, the company said.
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