A Cornerstone Position in a New Gold District in the Yukon
This Snowline Gold profile is part of a paid investor education campaign.*
Gold mining plays an important role in the economy of the Yukon Territory in Canada. From 1978 to 2017, the single-year value of gold production in the Yukon reached peaks upwards of US$91.1 million in mineral production.
The Selwyn Basin in the Yukon, however, remains relatively underexplored and undervalued. Exploration companies looking to acquire and develop highly prospective projects in the region have the ability to leverage excellent discovery potential and exciting early-stage investment opportunities.
Snowline Gold (CSE:SGD) is an emerging Yukon Territory-based exploration company focused on exploring highly prospective gold properties with a “cornerstone position in a new gold district, and an established jurisdiction in the Yukon,” according to CEO Nikolas Matysek.
Snowline Gold’s management team includes noteworthy members: Technical Advisor Paul Matysek is a geologist with over 40 years of experience, and has sold five publicly listed exploration and development companies; Technical Advisor Dr. Quinton Hennigh led exploration at First Mining’s (TSX:FF, OTCQX:FFMGF), formerly Gold Canyon Resources, Springpole alkaline gold project near Red Lake in Ontario; and incoming Chairman Dr. Craig Hart a world-renowned scholar on gold and copper deposits. He most recently served as Director of the Mineral Deposit Research Unit at the University of British Columbia, where he initiated industry-sponsored research projects that focused on gold systems and development of novel exploration methods.
The company is currently working to develop and explore its flagship Einarson and Rogue gold projects and recently acquired Cliff, Tosh and Rainbow properties. The company’s diverse asset base covers approximately 70,000 hectares at the intersection of established mineral belts.
The Einarson property covers five primary target areas with high-grade surface grab samples and wide-scale gold anomalies in the soil. Additionally, the Rogue project hosts two prospective targets, which cover a newly-discovered Tombstone series intrusion, and a potential buried intrusion with visible gold observed within its sulfide veining structures.
Snowline Gold advantageously leverages existing geological data from exploration work completed by the previous private operator. This data helps enable fast-tracked development and more rapid, low-cost entry to exploration.
In March 2021, the company announced it had staked additional claims around the Cliff and Tosh gold properties. These claims consolidated the land positions at each project, outlining expansion by 2,121 hectares and 2,069 hectares, respectively.
Upcoming developments for Snowline Gold in 2021 include an over 4,200-meter drilling program to better gauge the full potential of its land position.
The company’s solid share structure has a post-RTO total of over 89,197,000 shares and consists of several strategic shareholders, management and insiders. It has secured over CAD$$6.2 million in working capital for the 2021 exploration season following recent financings. Snowline Gold has a committed 30 percent insider share position.
Snowline Gold’s Company Highlights:
- Snowline Gold is an emerging gold exploration company focused in the Yukon Territory, Canada. The company has a diverse asset portfolio of seven gold projects covering 70,000 hectares.
- Key projects include the flagship Einarson and Rogue projects and recently acquired and 100 percent owned Cliff, Tosh and Rainbow properties. The company has a cornerstone position in the prospective yet underexplored Selwyn Basin.
- The Einarson and Rogue gold projects sit at the intersection of established mineral belts and host defined gold targets with high-grade potential at world-class scales.
- Snowline Gold plans for an aggressive and funded field campaign in 2021. This program will focus on drilling across multiple untested high-grade gold targets.
- The company has a world-class management and technical advisory team with over 80 years of combined experience in geological exploration, project prospecting and global gold discovery.
Snowline Gold’s Key Projects
Einarson Gold Project
The Einarson gold project covers 61,690 hectares across Yukon’s mineral-rich and underexplored Selwyn basin. The property encompasses multiple kilometers-long geochemical anomalies associated with thrust-faulted carbonate and Carlin-type gold deposits. Snowline Gold holds a 70 percent interest in 3,016 claims and 100 percent interest in the remaining 25 claims covering the project.
The property hosts multiple structurally controlled quartz mineralization occurrences with grab samples grading up to 34.2 g/t gold. Extensive work of past private operators Anthill Resources and 18526 Yukon Inc. include securing the property’s mineral tenure, collecting more than 25,000 soil samples and 4,500 stream sediment samples, and conducting limited preliminary drilling.
Advanced past exploration totaling upwards of CAD$20 million primes the company for low-cost entry and fast-tracked development across the project’s primary target areas. These areas include the Mars NE, Avalanche Creek, Mars, Misty and Odd zones. The Mars NE zone will be the initial focus of exploration efforts at the Einarson project during the 2021 field season.
Rogue Gold Project
The Rogue gold project comprises 105 mineral claims over 2,439 hectares in a ten by two-kilometer claim block and several nearby satellite blocks totaling 16 additional claims. All claims are 100 percent owned by Snowline Gold. The main target areas include the Valley and Gracie zones.
The main block covers a 9-kilometer trend of hornfels alteration consisting of anomalous gold in rocks, soils and stream sediment. Initial surface rock grab samples collected by previous operators and an independent qualified person contracted by the company include gold grades as high as 152.0g/t, 95.3g/t and 44.8g/t gold at Valley.
Snowline Gold suspects the main trend hosts two members of the Tombstone plutonic suite, the set of Cretaceous intrusions responsible for multi-million ounce reduced intrusion-related gold systems seen at Kinross’s Fort Knox mine and Victoria Gold’s Eagle Mine.
The company intends on conducting an aggressive follow-up exploration program for both targets in 2021, including geological mapping, soil sampling, geophysical surveying and drilling.
Tosh Gold Project
The Tosh gold project in southwestern Yukon covers 3,700 hectares in a similar geological and structural setting to Newmont’s Coffee deposits. The project has the potential to become a significant orogenic gold camp due to high-strain schists and intercalated marble geological profile. Snowline Gold owns 100 percent of the Tosh gold project.
Past exploration has revealed mineralized rock samples of up to 6.8g/t gold and 1,146g/t silver over a 15-kilometer area. Likewise, the company has reported multiple open-ended soil anomalies at least 2.1 kilometers in length, with soil concentrations grading upwards of 5.8g/t gold and 62.1g/t silver.
At Tosh, Snowline Gold expects to commence follow-up exploration and focus on delineating high-priority drill targets in 2021.
Cliff Gold Project
The Cliff gold project covers 2,724 hectares in southwestern Yukon’s Ruby Range placer gold district, a region that has produced over 50,000 ounces of gold since 1991. The property leverages a nearby road-accessible airstrip, hydroelectric station and resources from the Haines Junction township. Snowline Gold owns 100 percent of the Cliff gold project.
Early exploration on the property returned stream sediment grades of up to 480ppb gold and a gold-in-soil anomaly of up to 850ppb gold. In 2013, quartz arsenopyrite vein material found in schists assayed 7.3g/t gold with additional evidence pointing towards high-grade altered granodiorite material.
Snowline Gold remains excited to continue exploring and developing this highly prospective project.
Rainbow Gold Project
The 125-hectare Rainbow Gold Project is located within the Tintina Gold Belt. It covers a gold and pathfinder element soil anomaly associated with surface alteration caused by a recently discovered intrusion, thought to belong to the mid-Cretaceous Tombstone Plutonic Suite. Other Tombstone-related gold deposits within the Tintina Gold Belt include Fort Knox (~11 million ounces Au), and Eagle (~4.8 million ounces Au).
A program of drone surveying, geochemical sampling and structural mapping is planned to establish suitable drill targets on the Rainbow property.
Snowline Gold’s Management Team
Nikolas Matysek, BSc. — CEO, Director & Co-Founder
Nikolas Matysek is a trained geologist with over a decade of experience in resource exploration and development in a wide variety of roles. He has worked in multiple jurisdictions on four continents and has been part of two transactions worth almost CAD$400 million.
Matysek holds an Honours Geology degree from the University of British Columbia.
Scott Berdahl, MSc, MBA, P.Geo. — COO, Director & Co-Founder
Scott Berdahl is a professional geologist with over 15 years of industry experience. Born and raised in the Yukon and based in Whitehorse, he brings a solid technical grounding in discovery-stage exploration alongside in-depth local knowledge. He has business development experience with several private and listed companies focused on gold and base metals.
Berdahl earned a BSc in Geology from the Massachusetts Institute of Technology, an MSc in Earth Science & Engineering from KAUST in Saudi Arabia, and an MBA from INSEAD in France and Singapore.
Natasha Tsai, CPA, CA — CFO
Natasha Tsai is a graduate of Sauder School of Business at UBC and received her Chartered Accountant designation in 2007. She was the former co-chair of the Young CA Forum at the Institute of Chartered Accountants of BC. Tsai has experience as a CFO and company controller in public companies across a range of industries.
Paul Matysek, MSc. — Technical Advisor
Paul Matysek is a geologist/geochemist by training, a successful alpha entrepreneur and creator of shareholder value with over 40 years of experience in the mining industry. Since 2004 as either CEO or Executive Chairman, Matysek has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion. Currently, he is the CEO and director of Gold X Mining.
Quinton Hennigh, Ph.D. — Technical Advisor
Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold-related. Early in his career, he worked for major mining firms, including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corp. He has been involved with several Canadian-listed gold companies, including Gold Canyon Resources, where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a five million-ounce gold asset that was recently sold.
Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.
Craig Hart, PhD,– Independent Director, Incoming Chair
Dr. Craig Hart is a world-renowned scholar on gold and copper deposits. He most recently served as Director of the Mineral Deposit Research Unit at the University of British
Columbia, where he initiated industry-sponsored research projects that focused on gold and porphyry systems and development of novel exploration methods. He has published over 150 technical papers and spent 14 years with the Yukon Geological Survey.
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