Snowline Gold Corp told investors it had increased its footprint in the Yukon to 1,273 square kilometres (sq km) by staking new claims, solidifying its competitive advantage in an emerging gold district.
The company has expanded its wholly-owned Rogue and Cynthia projects in east central Yukon through staking 1,172 new claims over 232 sq km.
"Our successful exploration campaign in 2021 demonstrated a high level of mineral potential in a previously underappreciated and sparsely explored region," said Scott Berdahl, CEO of Snowline in a statement.
"It cements our first-mover position as we aim to explore not just a discovery, but a potential new gold district. Our soon-to-begin 2022 exploration program will build on last season's discoveries alongside first-ever drill testing of multiple new targets," he added.
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Snowline also revealed that it has started building a 45-person camp between its Jupiter and Valley drill discoveries and near more prospective targets including Gracie, Ursa and Avalanche Creek.
The firm said it was "on track" to welcome geologists and drillers to the new camp on May 27, 2022, and aims to begin this year's program on June 1.
The camp is permitted for the next five field seasons and lies next to the pre-existing Forks airstrip.
"By improving the Forks Airstrip to a safe length and condition, we can transition from float to wheeled planes, increasing our payload by up to 40% per flight and reducing total flights," noted Steve Rennalls, the company's operations manager. "At the same time, the new camp's central location shortens flight time to targets, resulting in a smaller environmental footprint through reduced emissions."
Staking at Rogue expanded Snowline's ground by 2.4 times to 22,045 hectares (Ha) around the Valley drill discovery and its Gracie anomaly as well as several additional exploration targets.
The Cynthia project was expanded by nearly 3 times to 13,326 Ha, connecting Snowline's company's original Cynthia claim block with nearby mineral claim blocks currently under option from Epica Gold Inc - a subsidiary of HighGold (TSX-V:HIGH, OTCQX:HGGOF) Mining Inc.
At Einarson, the company said various fractional claims were staked as part of this spring's staking campaign to consolidate land positions and reduce the potential for "nuisance staking" near "key target areas".
Snowline Gold is a Yukon Territory-focused gold explorer with a seven-project portfolio. Its flagship asset is the Einarson and Rogue gold projects in the highly prospective yet underexplored Selwyn Basin.
Contact the author at giles@proactiveinvestors.com