Snowline Gold Corp. (CSE:SGD) has announced additional preliminary assay results from its 2022 drilling program at Valley Zone within the Rogue Project in Yukon.
The Yukon Territory-focused gold exploration company said hole V-22-010 intersected a broad zone of sheeted quartz vein mineralization within the Valley intrusion, averaging 2.55 grams per ton (g/t) gold (Au) over 318.8 metres (m) from bedrock surface at 3.0m downhole.
The hole was collared more than 165m from any previously announced hole, and expands to the southeast of the known width of the zone of high vein densities within the Valley intrusion.
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"In the context of our initial 2022 drill assays from V-22-005 and V-22-007, these latest results highlight a continuity of mineralization at Valley that we were hoping to see, with grades exceeding our expectations," said Scott Berdahl, CEO and director of Snowline Gold in a statement.
"The results change once again the way we think about the Valley gold system, and they continue to challenge conventional perceptions of reduced-intrusion-related gold systems in general. We eagerly await the many forthcoming analytical results from our 2022 drill programs at Valley and Gracie, along with those from our very active surface exploration season across Snowline's Yukon portfolio," he added.
Rogue project
The company said it has initiated environmental baseline monitoring in the vicinity of the project. As of early October 2022, 11 water quality monitoring stations have been established for monthly sampling by an independent third-party environmental firm, alongside five hydrometric stations to measure stream flow levels within and around the Valley intrusion.
It added that it has engaged a metallurgical consultant for an initial evaluation of mineralization at Rogue through gravity, leaching and commognition tests. Early identification of potential gold recovery processes will help to de-risk the project while guiding further drilling and future economic studies to optimize exploration and potential development at Valley and other targets on the property.
Three drill rigs will be wintered on site to allow for an early, rapid, and cost-effective start to the next phase of exploration at Rogue, the company said.
Snowline Gold has a seventeen-project portfolio covering more than 254,000 hectares. The company is exploring its flagship more than 111,000-hectare Einarson and Rogue gold projects in the highly-prospective yet underexplored Selwyn Basin.
Contact the author at jon.hopkins@proactiveinvestors.com