Precious Metals

  • 1172 new claims staked adding 23,229 hectares across three existing projects
  • Expands total Yukon land position by 22% to roughly 127,300 hectares
  • New, centrally located 45-person camp under construction in preparation for 2022 field season
  • Drill program scheduled to commence June 1

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has expanded its 100% owned Rogue and Cynthia projects in the east central Yukon through staking. In total, 1,172 new claims were staked covering 23,229 hectares (232 km2), bringing the company's Yukon mineral tenure holdings to 127,310 hectares (1,273 km2) across its seven projects. Claims were staked to bolster existing property positions following the Company's recent drill and surface sampling discoveries. The claims cover additional geochemical anomalies and connect properties, which will enhance exploration efficiency. The increased land position further solidifies Snowline's competitive advantage in an emerging gold district that hosts multiple gold discoveries and mineralization styles

"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 and director of Snowline Gold. "This targeted expansion reflects our renewed, results-based conviction behind our exploration thesis. 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."

Snowline has also commenced construction of its new 45-person camp, centrally located between the Company's Jupiter and Valley drill discoveries and proximal to additional prospective targets including Gracie, Ursa and Avalanche Creek. The camp is permitted for the next five field seasons and is located adjacent 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," said Steve Rennalls, Operations Manager for Snowline Gold. "At the same time, the new camp's central location shortens flight time to targets, resulting in a smaller environmental footprint through reduced emissions. It also allows for up to 10% more daily field hours per person, and it simplifies drill support, all of which will help to reduce our ‘dollars-per-meter' operational costs. And despite record snow levels, we have a jump on the season. We are on track to welcome geologists and drillers to the new camp on May 27 with the goal of commencing our 2022 drill program on June 1."

ROGUE STAKING
Expanded 2.4 times to 22,045 hectares.

Snowline Gold Corp., Wednesday, May 25, 2022, Press release picture
Figure 1 - Newly staked claims on the Rogue project connect previously separate claim blocks, cover additional prospective ground and offer protection against competitive encroachment on known targets.

Staking at Rogue expanded Snowline's tenure around its Valley drill discovery and its Gracie anomaly as well as around several additional exploration targets. Expanded claim positions were selected based on geology, field observations and data contained within Snowline's extensive regional database. Previously isolated land tenure positions at Rogue were connected, allowing for efficient allocation of exploration expenditures towards annual claim assessments across different areas.

CYNTHIA STAKING
Expanded 2.9 times to 14,326 hectares.

Snowline Gold Corp., Wednesday, May 25, 2022, Press release picture
Figure 2 - Newly staked claims on the Cynthia project redefine the scope of the prospect, connecting the Cynthia/X zones with the REA claims and covering historical anomalies for both gold and zinc. The broader claim block boundaries were selected based on a combination of public and proprietary geochemical data.

The Cynthia project was expanded by nearly 3 times, connecting the Company's original Cynthia claim block with nearby mineral claim blocks currently under option from Epica Gold Inc., a subsidiary of HighGold Mining Inc. The expanded claim position covers potential sources of elevated gold content in historical soil and silt samples, including bulk-leach extractable gold samples, that are present across a wide area. Elevated zinc values are also present in historical soil and silt samples. The underlying geology at Cynthia is thought by the Company to be prospective for multiple deposit types, with two mid-Cretaceous Mayo series intrusions of the Rogue plutonic complex intruding a structural transition zone present in Selwyn Basin stratigraphy.

EINARSON STAKING

Various fractional claims were staked on the Einarson project as part of the Spring 2022 staking campaign to consolidate land positions and reduce the potential for "nuisance staking" in the vicinity of key target areas.

AREAS OF INTEREST

Certain newly staked claims fall within the areas of interest (AOIs) defined in Snowline (formerly Skyledger Tech Corp)'s December 1, 2020 deal with Yukon-based company 18526 Yukon Inc., through which Snowline acquired its extensive Yukon datasets and its seven Yukon mineral properties. Claims staked within the AOIs are subject to a 2% net smelter return (NSR) and are incorporated into existing buy-down provisions which allow Snowline to reduce NSR to 1% on a project-by-project basis. 18526 Yukon Inc. is a privately held project generation company that is owned 40% by Snowline's CEO and Director Scott Berdahl.

QUALIFIED PERSON

Information in this release has been prepared and approved by Scott Berdahl, P. Geo., Chief Executive Officer of Snowline and a Qualified Person for the purposes of National Instrument 43-101.

Snowline Gold Corp., Wednesday, May 25, 2022, Press release picture
Figure 3 - Updated project location map for Snowline Gold's eastern Selwyn Basin properties.

ABOUT Snowline Gold Corp.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >106,000 ha. The Company is exploring its flagship 72,000 ha Einarson and Rogue 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. Snowline's first-mover land position provides a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

ON BEHALF OF THE BOARD

Scott Berdahl, MSc, MBA, PGeo
CEO & Director

For further information, please contact:
Snowline Gold Corp.
+1 778 650 5485
info@snowlinegold.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system. 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 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.



View source version on accesswire.com:
https://www.accesswire.com/702611/Snowline-Gold-Expands-Its-100-Owned-Flagship-Projects-Through-Staking-and-Constructs-45-Person-Camp

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Snowline Gold Provides Exploration Update on Its Valley Drill Program, Rogue Project, Yukon

Snowline Gold Provides Exploration Update on Its Valley Drill Program, Rogue Project, Yukon

  • Sheeted quartz veins with trace amounts of visible gold present in hole V-22-005
  • Location of hole expands known width of Valley mineralized corridor by 150 metres
  • Drilling ongoing, with assay results and full drill core evaluation pending.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to report that it has intersected mineralization from bedrock surface in its first hole of 2022, drilled at the Rogue project's Valley Zone in Canada's Yukon Territory. V-22-005 encountered thin (1-60 mm) sheeted quartz veins through to at least its present depth of 233 metres (as of Sunday, June 12, 2022; drilling ongoing at time of writing). Seven separate veins hosting trace visible gold were observed between 39 and 220 metres downhole during initial logging. The collar location is a 154-metre step-back from 2021 hole V-21-003 which also encountered a broad zone of mineralization from the bedrock surface

Snowline Gold Corp., Monday, June 13, 2022, Press release picture

Figure 1 - Closeup of V-22-005 drill core at 197 m downhole. Seven grains of visible gold (red circles) were identified along the margins of a single quartz vein here during initial evaluation of the drill core. Visible gold has also been identified in six other veins throughout the hole. Note that this figure highlights one feature of V-22-005 and is not meant to be representative of the entire hole. Assays for this and the rest of the hole remain pending. Core shown is 4.76 cm in diameter.

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Snowline Gold Commences 8,000 Metre Drill Program on Its Flagship Yukon Projects

Snowline Gold Commences 8,000 Metre Drill Program on Its Flagship Yukon Projects

  • Phase II drilling underway at Valley, a bulk tonnage gold discovery made in late 2021
  • Upwards of 8,000 metres drilling planned across at least four targets in 2022
  • Potential for significant new drill discoveries along with expansion of Snowline's Valley and Jupiter zones

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has commenced its 2022 exploration and drilling program. Drill crews and geological staff recently mobilized to the Company's new Forks Camp, built to support its Rogue, Einarson, Ursa and Cynthia projects. Phase II 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 kilometers

Snowline Gold Corp., Tuesday, June 7, 2022, Press release picture
Figure 1 - Location of V-22-005, Snowline's first drill hole of the 2022 exploration season, currently underway at Valley. The hole is a 150m step back from V-21-003, which intersected 1.25 g/t Au over 168.7 m from surface. The step back will provide a better measure of the width of the mineralization and constrain the broader orientation of the zone, in addition to testing the mineralization encountered in V-21-003 at depth.

"Following an exceptional first season with two drill discoveries on our adjacent Rogue and Einarson projects, we are very excited to return to the field," said Scott Berdahl, CEO and Director of Snowline. "Our team has already done a tremendous job setting up for an early season start amidst our new camp build and a record-breaking spring snowpack. Snowline's 2022 drill program gives our shareholders much to look forward to as we simultaneously build on recent successes and position ourselves to make additional discoveries. Our results will shed new light on our large and relatively unexplored land package, which we believe has the potential to become a new North American gold district."

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Snowline Gold Further Strengthens Its Management Team

Snowline Gold Further Strengthens Its Management Team

  • Sergio Gamonal, most recently Chile Exploration Manager for Barrick, joins as Snowline's Lead Geologist
  • Stephanie Hansen, marketing specialist, joins as Snowline's Marketing and Investor Relations Manager

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce updates to the Company's management team, with the recent appointments of Sergio Gamonal as Lead Geologist and Stephanie Hansen as Marketing and Investor Relations Manager

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. Mr. Gamonal holds an M.Sc. in Geology from the Mineral Deposit Research Unit at the University of British Columbia.

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Snowline Gold Locates 5.1 km Long Trend of Anomalous Gold-In-Soils Grading to 1.7 g/t AU at Gracie, Rogue Project, Yukon

Snowline Gold Locates 5.1 km Long Trend of Anomalous Gold-In-Soils Grading to 1.7 g/t AU at Gracie, Rogue Project, Yukon

  • 5.1 km zone of anomalous gold values found in soil and talus fine samples at Gracie
  • 43 soil samples from a 1,600 x 800 m central area average 0.49 g/t Au, with 8 samples >1 g/t Au
  • Zone underlain and adjacent to probable unexposed intrusion only 4 km from Snowline's 2021 "Valley" discovery
  • Intact carapace at top of intrusion presents high priority drill target for 2022.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to provide an update on generative exploration results from its Rogue project in the Yukon Territory, Canada. Geochemical assay results received from late season 2021 contour soil and talus fine sampling reveal a large zone of anomalous gold values to 1.71 gt Au on top of and around a probable, near-surface, gold-bearing intrusion at the Company's Gracie target

Figure 1 - Soil, talus fine and rock geochemical results from Snowline's Rogue project on top of ZTEM electromagnetic survey results. Surface sampling performed late in the 2021 field season demonstrates the scale of gold anomalism associated with a probable buried intrusion, with values of up to 1.71 g/t Au from talus fines at Gracie. Dashed blue ovals indicate zones of anomalous results. Samples from the central zone have an average of 0.49 g/t. North and south zones of anomalous gold values are along stratigraphic and structural trend with the unexposed intrusion. The Valley intrusion and suspected Gracie intrusion are expressed in in the ZTEM image as cooler colours representing relative electrical resistors, consistent with other known intrusions in the survey area.

"These results add to strong evidence that Gracie could host a large and fertile reduced-intrusion related gold system," said Scott Berdahl, CEO and director of Snowline. "What excites us about this-beyond the potential to duplicate our Valley discovery-is that the intrusion at Gracie hasn't been exposed by erosion. These gold systems can be most prospective at the very top of an intrusion, where initial cooling of the edges creates a brittle carapace that fractures to accommodate later gold bearing fluids. An intact carapace at Gracie thus makes for a compelling exploration target adjacent and complementary to the Company's 2021 Valley and Ridge discoveries."

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Snowline Gold Expands Valley Gold Mineralization to >2 km with Discovery of Ridge Zone on Its Rogue Project, Yukon

Snowline Gold Expands Valley Gold Mineralization to >2 km with Discovery of Ridge Zone on Its Rogue Project, Yukon

  • Snowline has discovered the "Ridge" zone, a 1.0 km stretch of anomalous gold in soils, talus fines and rock samples on the northeast shoulder of the Valley intrusion
  • Gold-bearing sheeted quartz veins within this new zone similar are to those hosting Snowline's 2021 Valley drill discoveries
  • Ridge zone significantly increases bulk-tonnage scale potential and further demonstrates fertility of the Valley intrusion.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce additional surface sampling results from its "Ridge" zone, immediately adjacent to its Valley discoveries on its Rogue gold project in the Yukon Territory, Canada. Contour soil and talus fine samples as well as rock grab samples reveal a 1.0 km zone of anomalous gold concentrations on the northeast edge of the Valley intrusion associated with sheeted quartz veins arrays. A continuous stretch of 18 contour soil and talus fine samples spanning 750 m within the zone averaged 0.21 ppm Au, with values up to 0.758 ppm Au. The zone is open in all directions

Figure 1 - Soil, talus fines, rock and magnetic results around the Valley intrusion delineates an open, 1.0 km zone of anomalous gold concentrations to 0.758 g/t Au in soils near sheeted quartz vein arrays. Background colours show detailed total magnetic field data, with pinks and purples denoting high field values and blues low.

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NEXUS GOLD Plans to Spinout Canadian Assets

NEXUS GOLD Plans to Spinout Canadian Assets

(TheNewswire)

Nexus Gold Corp.

Vancouver, Canada TheNewswire - June 28, 2022 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) announces its intent to spinout (the " Spinout ") the Company's existing Canadian projects (collectively, the " Canadian Projects "), which include the McKenzie Gold Project, located in Red Lake, Ontario, and the 13,000-hectare Cyclone Gold-Nickel-Copper project, located in the James Bay region, Quebec.

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TomaGold reports the outcome of its annual meeting

TomaGold reports the outcome of its annual meeting

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the results of its annual general and special meeting of shareholders, which was held today on a hybrid basis. All the nominees listed in the Corporation's management proxy circular dated May 30, 2022, were re-elected as directors.

Shareholders holding 53,106,180 shares, or 33.04% of TomaGold's issued and outstanding shares were present or represented by proxy at the meeting.

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GoldON Commences Exploration at Springpole East Property in the Red Lake Mining District, Ontario

GoldON Commences Exploration at Springpole East Property in the Red Lake Mining District, Ontario

The Property adjoins First Mining Gold's Springpole Project one of the largest undeveloped gold deposits in Canada at 3.8Moz probable reserves

GoldON Resources Ltd. (TSXV: GLD) ("GoldON" or the "Company") is pleased to announce that the summer exploration program has commenced at its Springpole East property (the "Property") in the Red Lake Mining District, Ontario.

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Lahontan Drills New "Bonanza" High-Grade Zone at Santa Fe: 25.9m Grading 20.36 gpt Au Incl. 4.6m Grading 112.3 gpt Au

Lahontan Drills New "Bonanza" High-Grade Zone at Santa Fe: 25.9m Grading 20.36 gpt Au Incl. 4.6m Grading 112.3 gpt Au

Lahontan Gold Corp. (TSXV:LG) (formerly, 1246765 B.C. Ltd.) (the "Company" or "Lahontan") is pleased to announce drill results from two reverse-circulation rotary ("RC") drill holes exploring the Santa Fe pit area of the Company's 19 km2 Santa Fe Project in Nevada's Walker Lane. The two drill holes, totaling 518.2 metres, were completed in late 2021. These drill holes targeted northwest and down-dip step outs from known gold and silver mineralization along the Santa Fe fault. Highlights include

  • SF21-014R: This RC drill hole is located approximately 350 metres northwest of the newly discovered Big Horn high-grade zone and intercepted yet another area of high-grade gold mineralization: 25.9 metre interval grading 20.36 gpt Au (please see table and map below). This newly discovered high-grade zone, called "Bonanza", has set a new standard with the highest-grade Au assays in project history: 4.6m grading 112.3 gpt Au. The Company has now identified three distinct high-grade gold zones along nearly 800 metres of strike length on the Santa Fe fault that remain open at depth and to the northwest.
  • SF21-009R: This hole was drilled from the same site as SF21-014R and intercepted shallow transition and oxide gold mineralization: 35.1m grading 1.07 gpt Au, expanding the envelope of oxide and transition mineralization in this corner of the Santa Fe pit and producing new targets for further step-out drilling.

Kimberly Ann, CEO, President, Director, and Founder of Lahontan Gold Corp commented: "The discovery of yet another high-grade zone along the Santa Fe fault underscores the opportunity for finding additional high-grade zones at the Santa Fe Project. The grades seen in the Bonanza and Big Horn zones are exceptional for a Carlin-style gold deposit. The distribution of high-grade gold and silver mineralization occurs in a "string of pearls" manner, with each "pearl" corresponding to the intersection between the northwest-trending Santa Fe fault and easterly-trending structures. This interpretation generates multiple high-grade targets northwest of the Bonanza zone and can also be applied elsewhere in the district as we search for additional high-grade mineralization. The BH, Big Horn, and Bonanza high-grade zones are open down-dip, down-rake, and the Bonanza zone remains open to the northwest with the high-grade resource potential unconstrained at depth by drilling."

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OTC Markets Group Welcomes Collective Mining Ltd to OTCQX

OTC Markets Group Welcomes Collective Mining Ltd to OTCQX

OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Collective Mining Ltd (TSX-V: CNL; OTCQX: CNLMF), an exploration and development company focused on identifying and exploring prospective mineral projects in South America, has qualified to trade on the OTCQX® Best Market. Collective Mining Ltd upgraded to OTCQX from the Pink® market.

Collective Mining Ltd begins trading today on OTCQX under the symbol "CNLMF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .

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Puma Exploration Completes Its Winter Drilling Program and Outlines Its Summer Field Exploration Program at Williams Brook

Puma Exploration Completes Its Winter Drilling Program and Outlines Its Summer Field Exploration Program at Williams Brook

Puma Exploration Inc. (TSXV: PUMA, OTCQB: PUMXF) (the "Company" or "Puma") has completed its winter-spring drilling program and launched its fully-funded 2022 summer field exploration program at its Williams Brook Gold Project in New Brunswick, Atlantic Canada.

COMPLETION OF THE 10,000 METRES DRILLING PROGRAM ALONG THE OGT

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