The Selwyn Basin in the Yukon remains a relatively underexplored and undervalued region with huge potential for gold deposits. 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 a Yukon Territory focused gold exploration company with a seventeen-project portfolio covering >280,000 ha. The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin. Snowline’s project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits including Kinross’ Fort Knox mine, Newmont’s Coffee deposit, and Victoria Gold’s Eagle Mine. The Company’s first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.
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 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 2022, Snowline Gold purchased a large portfolio in the Yukon Territory
, the Golden Oly project, from StrikePoint Gold Inc. (TSXV:SKP
), which comprises 10 gold properties in the Selwyn Basin.
Snowline Gold CEO Scott Berdahl said the Golden Oly project covers at least seven distinct reduced intrusion-related gold targets, with each target geologically similar to the company’s ongoing Valley discovery on the Rogue Project. “We have acquired not just the properties, but also extensive geochemical, geophysical and geological datasets which will accelerate our exploration efforts – all for roughly the cost of staking,” he said in a statement.
The company commenced its 2022 exploration and drilling program in June 2022. Phase 2 diamond drilling is underway at Rogue's Valley zone to test the extent of gold mineralization encountered by drilling in September 2021 within a soil and talus fine anomaly spanning roughly two kms.
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. Snowline Gold has a committed 30 percent insider share position.
- Snowline Gold is an emerging gold exploration company focused on the Yukon Territory in Canada. The company has a diverse asset portfolio of eight gold projects covering >280,000 hectares.
- The Company is exploring its flagship >137,000 ha Rogue and Einarson gold projects in the highly prospective yet underexplored Selwyn Basin.
- The Rogue and Einarson gold projects sit at the intersection of established mineral belts and host defined gold targets with high-grade potential at world-class scales.
- The company is led by a highly experienced exploration-focused management team
- Rogue’s Valley Zone is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multi-million-ounce deposits currently in production like Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon. Early drill results demonstrate unusually high gold grades for such a system present near surface across intersections of hundreds of metres.
- Snowline Gold acquired the Golden Oly project comprised of ten gold properties in the Yukon's Selwyn Basin.
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. includes 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 C$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 was the initial focus of exploration efforts at the Einarson project during the 2021 field season.
As the company advanced its Einarson project, it announced it has intersected 7.05 meters at 3.96 g/t gold, including 0.7 meters at 10.65 g/t gold, and 4 meters at 4.10 g/t gold, including 0.5 meters at 17.95 g/t gold in initial drill program at the Jupiter Zone. Highlights of the drill program include the following:
- The initial drill program has intersected mineralization in 15 of 15 holes drilled across 930 m within a 3-km soil anomaly.
- Step-out drill holes up to 930 m along the trend continue to hit mineralization.
- The Jupiter property is thought to host a shallow epizonal orogenic gold system. It is one of eight target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold’s 70-percent-owned Einarson project
On January 12, 2022, Snowline Gold announced receipt of the remaining assay results from Phase I drilling at the Jupiter zone on its district-scale Einarson gold project. The results indicated hole J-21-020 returned 8.3 g/t gold over 4.7 meters, including 22.1 g/t gold over 1.1 meters in a quartz-carbonate vein breccia carrying visible gold. True widths for this intersection are not known but are estimated at approximately 90 percent of the reported interval.
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-km 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 g/t, 95.3 g/t and 44.8 g/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 reported preliminary assay results from its 2022 drilling program demonstrating the increasing scale and fertility in the Valley Zone “with grades exceeding expectations.” The results included:
- 2.30 g/t gold over 282.9 m from bedrock surface, including 3.24 g/t gold over 146.0 m from 56.0 m downhole from the top drill hole V-22-007;
- 1.52 g/t Au over 192.0 m from 132 m downhole, within a broad interval of 1.03 g/t Au over 331.3 m from bedrock surface to end of hole from drill hole V-22-005;
- 2.55 g/t Au over 318.8 m, including 4.14 g/t Au over 108.0 m from bedrock surface from hole V-22-010
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 6.8 g/t gold and 1,146 g/t silver over a 15-km area. Likewise, the company has reported multiple open-ended soil anomalies at least 2.1 kms in length, with soil concentrations grading upwards of 5.8 g/t gold and 62.1 g/t silver.
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 480 parts per billion (ppb) gold and a gold-in-soil anomaly of up to 850 ppb gold. In 2013, quartz arsenopyrite vein material found in schists assayed 7.3 g/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 gold), and Eagle (~4.8 million ounces gold).
A program of drone surveying, geochemical sampling and structural mapping is planned to establish suitable drill targets on the Rainbow property.
Scott Berdahl - Director, CEO, Co-Founder
Scott Berdahl is a professional geologist with over 15 years’ industry experience. Born and raised in Canada’s Yukon Territory and based in Whitehorse, he brings a strong technical grounding to discovery-stage exploration alongside in-depth local knowledge. He has business development experience with several private and listed exploration companies focused on gold and base metals. He studied at the Massachusetts Institute of Technology, earning two degrees including a BSc in Geology, and he went on to gain his MSc in Earth Science & Engineering from KAUST in Saudi Arabia and an MBA from INSEAD in France and Singapore.
Matthew Roma - CFO
Matthew Roma is a Chartered Professional Accountant (CPA) and is a principal of Roma Capital Corp., a private company providing corporate finance, accounting and capital advisory services to private and public companies. In this role, Roma serves as a director and/or officer to a number of junior public companies in the natural resource sector. Roma articled at Deloitte LLP where he specialized in assurance and advisory services for publicly listed mining companies based both in Canada and the United States.
Sergio Gamonal - Chief Geologist
Sergio Gamonal brings over 15 years' exploration experience to the company, having held senior roles at major mining companies Barrick and Kinross. Most recently, he served as country exploration manager for Argentina and then Chile with Barrick Gold, where he led the development of a robust pipeline of early to advanced stage gold targets throughout the Andes. Prior to this, he spent over 10 years with Kinross in the roles of senior specialized geologist and exploration geologist, integrating geological and geochemical datasets with assessment and exploratory fieldwork at project sites in Russia, Africa, and South America.
Thomas Branson - VP Exploration
Thomas Branson served as Snowline's exploration manager in 2022, playing a key role on Snowline's team during a transformative year for the company that included initial delineation of the large, near-surface, and unusually high-grade bulk tonnage Valley gold discovery on Snowline's Rogue Project in Canada's Yukon Territory. Prior to joining Snowline, Branson spent 15 years as an exploration geologist, gaining extensive experience in the Yukon and British Columbia, from greenfields exploration to feasibility studies. He has been involved with organization and management of over 190,000 cumulative meters of exploration and resource drilling on programs in the Wernecke Mountains and Wolverine mine in Yukon, Mount Milligan, Kemess and Scottie Gold mines in BC and elsewhere. Branson earned a BSc in earth and ocean science from the University of British Columbia and an MSc in exploration geology from Rhodes University in South Africa. He is a licensed professional geologist with engineers and geoscientists in British Columbia.
Zoë Goodyear - Database Manager
Zoë Goodyear is a geologist and database manager bringing 10 years of geoscience and industry experience to Snowline Gold Ltd. She brings a strong technical understanding of geologic databases with a sound knowledge of grassroots exploration and target generation. Previously managed 600,000 meters of drilling data and the regional exploration database on the Cariboo Gold Project for Osisko Development.
Steve Rennalls - Director of Operations
Steve Rennalls brings a diverse background to Snowline’s team. In the field, he has worked as a geo-technician, prospector, and camp manager, gaining a thorough understanding of the complexities of exploration in the Canadian North along the way. In the office, his academic and work history in marketing gives him a unique ability to translate Snowline’s vision and values into practical application.
Stephanie Hansen - Director of Marketing and Investor Relations
Stephanie Hansen brings nearly a decade of marketing experience to Snowline, including a background in branding, communications and event marketing in a variety of industries including tourism, fishing, luxury and home and hearth. She will be leading Snowline’s major marketing initiatives including branding, communications and investor relations.
Craig Hart - Independent 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.
Sarah Weber - Independent Director
Sarah 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.
Gunther Roehlig - Independent Director
Gunther Roehlig has 25 years of experience in the financial and investment industry with a background in managing, financing, transitioning and restructuring junior public companies. With an extensive skill set focused on connecting business investment opportunities with established and experienced executive management, negotiating with legacy debt holders and understanding corporate governance and capital structure frameworks, Roehlig has successfully orchestrated more than two dozen RTOs and IPOs on the TSX-V and CSE across a variety of high tech, mining and junior resource corporate platforms. Roehlig currently serves as CFO and director on the board of Hello Pal International Inc as well as an independent director on several other issuers. In 2011, Roehlig served as the president of Terra Ventures Inc., which was acquired by Hathor Exploration, which was subsequently acquired by one of the world’s largest mining companies Rio Tinto.