VANCOUVER, BC ACCESSWIRE March 2, 2021 SNOWLINE GOLD CORP. is pleased to announce it has begun trading under its new name and symbol, effective March 1, 2021. Through its recently completed transaction with 18526 Yukon Inc., the Company acquired seven high-potential gold projects covering ~67,000 hectares in the Yukon Territory, Canada. The two previously completed over-subscribed private placement financing for ...
  • Snowline Gold Corp. has acquired seven high-potential gold properties covering ~67,000 hectares in the Yukon Territory, Canada

    • Einarson, Rogue, Tosh, Cliff, Rainbow, Cynthia, and Ursa

  • Cornerstone position in the Selwyn Basin presents opportunity as first-movers to develop and control a new greenfield district-scale gold system

  • The 61,690-hectare Einarson project covers five primary target areas for Carlin style and epizonal orogenic gold mineralization, with surface grab samples up to 34.2 g/t Au and soils up to 9.1 g/t Au along kilometres-scale trends

  • The 2,439-hectare Rogue project covers a newly-discovered Tombstone series intrusion and suspected buried intrusion with intact carapace, with surface grab samples up to 152.0 g/t Au and visible gold observed in sulphide veins

  • Paul Matysek has joined Snowline as Lead Strategic Advisor. Mr. Matysek is a consistent creator of shareholder value and has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion CDN

  • Two recently completed over-subscribed private placements for gross proceeds of $7,810,000 CDN will fully fund 2021 exploration campaign

  • Snowline has filed with Canadian securities regulators technical reports prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on each of the Einarson project and the Rogue project

VANCOUVER, BC / ACCESSWIRE / March 2, 2021 / SNOWLINE GOLD CORP. (CSE:SGD) (the "Company" or "Snowline") is pleased to announce it has begun trading under its new name and symbol, effective March 1, 2021. Through its recently completed transaction with 18526 Yukon Inc., the Company acquired seven high-potential gold projects covering ~67,000 hectares in the Yukon Territory, Canada. The two previously completed over-subscribed private placement financing for gross proceeds of $7,810,000 CDN will fully fund 2021 exploration of the Einarson and Rogue projects, with maiden drilling of several targets scheduled for this summer. Snowline has appointed industry veteran Paul Matysek as Lead Strategic Advisor to the Company as it explores an emerging gold district in the Yukon's Selwyn Basin.

Snowline's flagship Einarson and Rogue gold projects cover ~64,000 hectares in the prolific yet underexplored Selwyn Basin. The projects occupy a distinct structural zone near the Rackla gold belt, host to ATAC Resources' 1.7 Moz Au Carlin-type Conrad deposit. Rogue sits within the Tombstone gold belt, which hosts multiple million-ounce-plus deposits including Victoria Gold's 3.6 Moz Au producing Eagle mine, Kinross's 11 Moz Au producing Fort Knox mine and Golden Predator's 1.8 Moz Au Brewery Creek deposit. Snowline's first-mover claim position on these projects presents the opportunity to explore and expand a new greenfield, district-scale gold system.

"The acquisition of the Einarson and Rogue projects along with five additional holdings throughout the Yukon represents Snowline's strong belief in the massive untapped mineral potential of the Territory," said Nikolas Matysek, Chief Executive Officer of Snowline. "We have assembled a commanding position in the highly prospective yet overlooked Selwyn Basin that gives us an incredible opportunity to create value for all our stakeholders as we responsibly develop our projects. I am honoured to join a team that includes renowned geologists Quinton Hennigh, PhD and Craig Hart, PhD who will provide valuable insights. I also trust Paul Matysek's golden touch will continue to shine bright in Canada's premier exploration jurisdiction. I look forward to building mutually beneficial relationships with the communities and First Nations where we operate."

The Company's claims in the Yukon were privately assembled over three decades by prospectors Ron Berdahl and Scott Berdahl. With the closing of the transaction, Scott Berdahl, MSc, MBA, P.Geo. has joined Snowline as Chief Operating Officer to continue advancing the property portfolio.

"The team, the projects, the resources to explore-there are a lot of reasons I am excited to join Snowline," said Scott Berdahl. "We are in a fortunate position as first movers in a truly greenfield, district-scale geological system with multiple new gold discoveries. With an extensive in-house database to build on, we are well positioned to move several targets quickly to initial drill testing in 2021. The scale and nature of the anomalies and mineralization we've encountered to date highlight the unique opportunity in front of us."

Einarson Project

The Einarson project is located in the Yukon's metal-endowed Selwyn basin which has been underexplored for gold. Einarson encompasses multiple kilometres-scale geochemical anomalies associated with thrust-faulted domal uplifts of interbedded carbonate and siliciclastic stratigraphy prospective for Carlin-type gold deposits. There are also multiple instances of structurally-controlled quartz mineralization with grab samples grading up to 34.2 g/t Au. Prospective geological units at the Einarson project are relatively flat-lying and tectonically shortened.

Snowline benefits from the extensive work of past operators Anthill Resources and 18526 Yukon Inc. These groups secured the large Einarson mineral tenure, collected more than 25,000 soil samples and 4,500 stream sediment samples on and around the project, conducted preliminary prospecting and geological mapping and performed limited drilling.

Primary target areas include:

  • Mars NE - an orogenic gold target with abundant mineralized quartz float boulders grading up to 25.2 g/t Au associated with zones of clay-alteration in bedrock, and a 3 kilometre zone of anomalous gold in soils to a maximum 5.3 g/t Au.

  • Avalanche Creek - an orogenic gold occurrence discovered in September 2020 along a major fault structure. Twenty-two grab samples of a mineralized boulder train averaged 7.8 g/t Au and graded up to 34.2 g/t Au.

  • Mars - Gold mineralization in silicified structural zones with intervals of up to 0.571 g/t Au over 21.16 metres, so far only the southernmost end of a 3.5 kilometre gold in soil anomaly has been drilled. Surface channel sampling at this south end yielded an interval of 7.09 g/t Au across 5.0 metres within a broader 33.5 metres averaging 1.65 g/t Au.

  • Misty - a 30-kilometer-long zone of consistently elevated to anomalous gold and Carlin pathfinder elements in soils corresponding to a variably faulted, doubly plunging anticlinal structure exposing carbonate stratigraphy known locally to host Carlin-type gold.

  • Odd - a pronounced 3.5-kilometer-long gold and Carlin pathfinder element soil and stream sediment anomaly corresponding to a thrust-faulted domal exposure of carbonate stratigraphy.

The Mars NE zone will be the initial focus of exploration efforts at the Einarson project during the 2021 field season. Snowline holds a majority 70% interest in 3,016 of 3,041 claims at the Einarson project, and 100% of the additional 25 claims. The remaining non-carried 30% interest is held by Anthill Resources, a private Vancouver, BC based company.

Rogue Project

The 2,439-hectare Rogue project comprises 105 mineral claims in a 10 by 2 kilometre claim block as well as several nearby satellite blocks totalling 16 additional claims, all 100% owned by Snowline. The main block covers a 9-kilometre trend of hornfels alteration complemented by anomalous gold in rocks, soils and stream sediment samples. Along this trend are two suspected members of the Tombstone plutonic suite, the set of Cretaceous intrusions responsible for multi-million ounce reduced intrusion-related gold systems (RIRGS) such as those at Kinross's Fort Knox mine, Alaska and Victoria Gold's Eagle Mine, Yukon.

Although RIRGS deposits typically represent large, bulk-tonnage systems, there is early evidence for high-grade zones within both target areas. Initial surface rock grab samples collected by previous operators and by an independent qualified person contracted by Snowline for the Rogue technical report include:

  • 152.0 g/t Au; 95.3 g/t Au; 58.4 g/t Au; 44.8 g/t Au & 38.1 g/t Au at Valley.

  • 57.0 g/t Au; 20.1 g/t Au & 15.1 g/t Au at Gracie.

Aggressive follow-up exploration is planned for both targets in 2021, including geological mapping, additional soil sampling, geophysical surveying and drilling.

Not all previous work at the Einarson project and the Rogue project, nor samples from either project have been verified by the Company, and readers are cautioned not to place undue weight on such results. Highlighted samples are selected from a larger population of samples and are not indicative of the average grade of mineralization hosted on either project. See technical reports available on the Company's website and under the Company's profile on SEDAR, www.sedar.com, for a complete description of the results of previous sampling.

Both projects are early-stage exploration properties without established mineral resources, and no guarantee can be made at this time that economically viable mineral resources are present. As such, the projects represent a high degree of risk.

Further Information on the Properties

Further information concerning the projects is included in the technical reports prepared in accordance with NI 43-101 that are available on the Company's website, www.snowlinegold.com, and under the Company's profile on SEDAR, www.sedar.com.

Technical Advisors and Board

Concurrent with the closing of the transaction previously announced on February 26th, Snowline appointed Paul Matysek, Quinton Hennigh, and Craig Hart as technical advisors. Sarah Weber also joined Nikolas Matysek, Scott Berdahl, and Gunther Roehlig, as an independent member of the board of directors.

Mr. 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, Mr. Matysek has sold five publicly listed exploration and development companies, in aggregate worth over $2 billion. Currently, Mr. Matysek is the CEO and director of Gold X Mining.

Dr. Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related. Early in his career, he explored for major mining companies including Homestake Mining Company, Newcrest Mining Ltd. and Newmont Mining Corp. He has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

Dr. 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, regional metallogeny and development of novel exploration methods. He has published over 150 technical papers and played a key role in developing intrusion-related gold models. Previously, Craig spent 14 years with the Yukon Geological Survey, including a role as Director of Mineral Services for the Territory. He holds a PhD in Geology from the University of Western Australia.

Ms. Weber is a Professional Geoscientist with over 20 years of diversified experience in the natural resource sector including extensive experience working with Indigenous Communities and government within BC. She is President and CEO of C3 Alliance Corp. where she provides leadership in building positive relationships between industry, Chambers of Commerce, municipal governments, Provincial governments, Indigenous communities, and NGOs. Sarah holds a B.Sc. in Geology from the University of British Columbia and an Executive MBA from the Beedie School of Business, Simon Fraser University.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Scott Berdahl, P. Geo., Chief Operating Officer of Snowline and a Qualified Person for the purpose of NI 43-101. This information comes from past exploration as summarized in the technical reports for the Einarson project and the Rogue project, available on the Company's website and under the Company's profile at www.sedar.com.

ON BEHALF OF THE BOARD

Nikolas Matysek
CEO & Director

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory based gold exploration company. The Company is exploring its flagship Einarson and Rogue gold projects that cover ~64,000 hectares in the prospective yet underexplored Selwyn Basin. Snowline's projects all lie in the prolific Tintina gold province that hosts multiple million-ounce-plus gold mines and deposits from Kinross' Fort Knox to Newmont's Coffee. Snowline's first-mover claim position presents a unique opportunity to explore and expand a new greenfield, district-scale gold system.

For further information, please contact:
Snowline Gold Corp.
Nikolas Matysek, CEO
+1-778-228-3020
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the resumption of trading of the common shares of the Company; the planned exploration programs; the potential for discovery of mineral resources; the timing for the start of drilling. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks and uncertainties relating to timing for the resumption of trading; risks related to uncertainties inherent in drill results and the estimation of mineral resources; and risks associated with executing the Company's plans and intentions. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

SOURCE: Snowline Gold Corp.



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Green River Gold Corp. Commences Exploration Drilling at Its High-Grade Quesnel Nickel/Cobalt/Talc Project in British Columbia

Green River Gold Corp. Commences Exploration Drilling at Its High-Grade Quesnel Nickel/Cobalt/Talc Project in British Columbia

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to announce an Initial Phased Exploration Drill Program at its wholly owned Quesnel NickelCobaltTalc Project in British Columbia, Canada.

Further to the news release of October 28, 2021, the Company is pleased to announce that is has begun drilling short holes using a backpack drill with multiple new targets identified. Core samples have been transported to the Company's facility in Quesnel to be logged and sent for assay. The talc showing outcrops at several locations on the Company's claims, making drilling a relatively simple process and allowing for drilling throughout the Winter.

The Company has contracted a drilling company to test a "modified backpack drilling technique". If successful, this technique could result in drilling up to 20 meters deep. The drilling company has arrived in Quesnel and trail cutting to access the drill targets is currently underway. A larger diamond core drill rig capable of reaching depths exceeding 100 meters has been located and will be used for deeper drilling during this Winter's drill program. The larger drill is expected to be mobilized within the next two weeks.

The Quesnel Nickel/Cobalt/Talc Project is adjacent to the Company's Fontaine Gold Project. The two projects border Osisko Development Corp.'s Cariboo Gold Project, which contains 5 million ounces of gold and is expected to go into production late in 2023.

Drilling short holes will determine the grade and quality of the talc exposures, which outcrops at multiple locations in the Project area. The Company will also drill deeper holes to determine the vertical extent of the talc mineralization. Depending on the results of the initial drilling, the Company will undertake additional drilling throughout the Winter to further determine the extent of the talc mineralization.

The area to be targeted with the drilling program is host to talc and nickel mineralization (see the Sovereign nickel showing, Minfile 093A 130). The area covered by these mineral rights was subject to an exploration program targeting the potential for a commercial talc deposit during the 1980's. The exploration resulted in the preparation of a preliminary talc mining plan in 1986.1

The drilling completed on the talc showing in the 1980's consisted of relatively shallow holes. The holes resemble what can be achieved by using the modified backpack drilling technique that the Company will employ this Winter. Follow-up drilling with a larger drill rig will be able to explore potential talc mineralization to depths exceeding 100 meters versus the shallow exploration completed in the past.

Quesnel Nickel/Cobalt/Talc Project Highlights:

There are 3 BC MINFILE occurrences as follows:

  • 093A 013 - Sovereign Creek - developed prospect containing talc and magnesite, and a co-incident nickel sulfide showing.
  • 093A 130 - Sovereign - showings containing talc and nickel sulfides. 093H 061 - R.T. - showing containing nickel, chromium, and cobalt.

Talc is a soft mineral used in a variety of industries. Talc is used in the production of plastics, ceramics, paint, paper, roofing, rubber, and for other industrial uses. The U.S. Geological Survey (USGS) indicates that total sales of talc by U.S. Producers in 2020 was about 430,000 tons valued at about US $100 million. The USGS estimates total mine production worldwide in 2020 was 5,800,000 tons with about 220,000 tons produced in Canada. To the best of the Company's knowledge, there are no talc mines in Western Canada.

In addition to acquiring more knowledge of the talc occurrences on the Property, the Company intends to drill using the larger rig to gain more knowledge of the potential for nickel and cobalt in the same general area as the talc. The Company will be concentrating on known and potential new nickel and cobalt targets with the plan to continue drilling with larger RC/DD rigs in 2022.

The recently completed UAV-MAG survey results over the Quesnel Nickel/Cobalt/Talc Project area indicates the presence of highly magnetic rocks co-incident with the interpreted surface exposure and down-dip projection of a favorable ultramafic rock assemblage. This is similar to the aeromagnetic response in the area of nickel-alloy mineralization found throughout the BC Decar District.

Kyle Townsend, Mine Manager for Green River Gold Corp., says, "I am very excited for the trial run of the modified backpack drilling technique. If successful, this technique will greatly lower our exploration costs while producing valuable results quickly. The first target we chose is twinning drill hole 86-1, drilled by Trifco Minerals in 1986. The existing records indicate favorable conditions for this drilling method. Our intent is to delineate the talc mineralization indicated by Trifco Minerals. This round of drilling is an exciting step towards obtaining the important data we need."

Perry Little, Green River Gold's President and CEO stated, "We are very pleased with the progress made within a few short weeks. We are excited to expand our exploration program at the Quesnel Nickel/Cobalt/Talc Project. In addition to finding out more about the potential for a commercial talc deposit, the focus will be on nickel and cobalt. Preliminary metallurgical work completed in 1971 has suggested the presence of nickel sulfide or nickel alloy minerals. One focus in the initial phase of exploration is to prioritize the multiple Nickel/Cobalt targets within the project area for a follow-up RC/DD drill program and to expand the areas of mineralization in 2022."

Regional Exploration Plan:

Additionally, there will be some upcoming exploration plans for the Fontaine Lode Gold Project, which is contiguous to the Quesnel Nickel/Cobalt/Talc Project and also contiguous to Osisko Development Corp.'s Cariboo Gold Project. Green River is also awaiting assay results from the recent grab sampling program completed at both the Quesnel Nickel/Cobalt/Talc Project and the Kymar Silver Project.

Qualified Person:

Stephen P. Kocsis is the qualified person as defined by National Instrument 43-101 and he has reviewed and approved the technical information in this news release.

About Green River Gold Corp.

Green River Gold Corp. is a Canadian mineral exploration company focused on its wholly owned, high-grade Fontaine Gold Project, Quesnel Nickel/Cobalt Project and Kymar Silver Project which are located in renowned mining districts in British Columbia. The properties straddle an 18km length of the Barkerville and Quesnel Terranes and are contiguous to Osisko Development Corp.'s mineral claim group containing a proposed mine location at its Cariboo Gold Project.

The Kymar Silver Project is located in southeast BC, approximately 28 kilometers west of the town of Invermere in the Golden Mining Division. The property is made up of two mineral tenures, totaling 1,440 hectares, along the southeast flank of Mount Catherine.

For more information contact:

Green River Gold Corp.
Mr. Perry Little - President and Chief Executive Officer
perry.little@greenrivergold.ca
780-993-2193

Additional information about Green River Gold Corp. can be found by reviewing its profile on SEDAR at www.sedar.com.

Forward Looking Information: This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Expressions such as "anticipates", "expects", "believes", "estimates", "could", "intends", "may", "plans", "predicts", "projects", "will", "would" and other similar expressions, or the negative of these terms, are generally indicative of forward-looking information. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. In addition, the forward-looking information contained in this release is based upon what management believes to be reasonable assumption. Readers are cautioned not to place undue reliance on forward-looking information as it is inherently uncertain, and no assurance can be given that the expectations reflected in such information will prove to be correct. The forward-looking information in this release is made as of the date hereof and, except as required under applicable securities legislation, the Company assumes no obligation to update or revise such information to reflect new events or circumstances.

The securities of the Company have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This release is issued for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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