Gold

Diamond drill hole J-21-020 returned 8.3 gt Au over 4.7 m in the first drill test of a new, covered target area at Jupiter Quartz breccia hosts fine-grained visible gold assayed 22.1 gt Au over 1.1 m within above 4.7 m interval Hole J-21-020 was collared 1.1 km north of high-grade hits in holes J-21-010, 011, 012 & 013, demonstrating scale of mineralizing system Assays still pending for all 4 holes at Snowline's ...
  • Diamond drill hole J-21-020 returned 8.3 g/t Au over 4.7 m in the first drill test of a new, covered target area at Jupiter
  • Quartz breccia hosts fine-grained visible gold assayed 22.1 g/t Au over 1.1 m within above 4.7 m interval
  • Hole J-21-020 was collared 1.1 km north of high-grade (>20 g/t Au) hits in holes J-21-010, 011, 012 & 013, demonstrating scale of mineralizing system
  • Assays still pending for all 4 holes at Snowline's Valley zone bulk-tonnage target 32 km south of Jupiter, each of which intersected visible gold and extensive zones of sheeted veins

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce receipt of remaining assay results from Phase I drilling at the Jupiter zone on its district-scale Einarson gold project in the Yukon Territory, Canada. Among these results, hole J-21-020 returned 8.3 gt Au over 4.7 meters, including 22.1 gt Au 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% of the reported interval

Figure 1 - J-21-020, from 106.0 m to 111.4 m downhole, as previously shown in a September 3, 2021 Company release. The wide, stylolitic, acicular arsenopyrite-bearing quartz carbonate vein breccia from 108.9 m to 110.0 m downhole returned 22.1 g/t Au over 1.1 m. Instances of fine-grained visible gold were observed at 109.6 m and 109.8 m downhole. This sits within a broader zone of mineralized quartz carbonate veins and pyrite- and arsenopyrite-bearing siltstones from 106.0 m to 110.7 m downhole which averaged 8.3 g/t Au (including the above interval). Intersections are perpendicular to the core axis and thus suggest a close approximation of true widths, although the geometry of the mineralization is not yet known

"We are pleased to see high grades associated with the visible gold discovered in this new part of the Jupiter zone," said Scott Berdahl, CEO and Director of Snowline Gold Corp. "While the area lacks mineralized outcrops to guide our decision-making at Jupiter, this target was particularly blind but it does have a broad geochemical anomaly. As a random shot through this target, today's results are particularly encouraging-they give us a foot in the door in locating and delineating this new mineralization center. With results from widely space drilling over 1.1 km we are just scratching the surface. We look forward to expanding on this discovery and others as we further test the 3-km-long geochemical anomaly at Jupiter in the upcoming
2022 field season."

Figure 2 - Location of J-21-020 and other drill holes plotted on Jupiter area soil and rock geochemical results. Diamond drill hole collars are shown as circles coloured by the highest grade assay returned along a given hole. The vast majority of the 3 km Jupiter zone anomaly remains to be tested, within and outside of the 1.1 km area drilled to date. Inset shows Jupiter and surrounding zones in context of local geology and major faults. Snowline's 2021 drill campaign is the first ever drill testing of Jupiter on the district-scale Einarson gold project. True widths of the above intervals are not yet known.

The bottom of hole J-21-016 returned 0.95 g/t Au over 4.5 m from 175.8 m downhole. Holes 17 through 19 were drilled to test a possible parallel trend to the discoveries in holes 10-13 and 15, and they intersected grades of up to 3.2 g/t Au. Hole J-21-021, which was drilled at a steeper angle from the same pad as Hole 20, intersected a large pyritic zone with quartz carbonate material but generally subdued gold values (Table 1).

Drillhole ID

Coordinates (NAD83 Zn9)

Orientation (True)

Interval* (metres)

Grade (Au g/t)

Easting Northing

Azimuth

Dip

From

To

Width*

J-21-016

381844

7089270

250

-80

164.2

165.4

1.20

0.68

175.8

180.3

4.50

0.95

J-21-017

381673

7089298

250

-60

44.5

45.0

0.5

0.12

J-21-018

381677

7089296

80

-60

104.5

105.5

1.0

1.23

and

109.0

110.5

1.5

1.63

J-21-019

381675

7089292

60

-80

67.8

69.7

1.9

2.47

J-21-020

381917

7090263

250

-50

106

110.7

4.7

8.32

including

108.9

110.0

1.1

22.10

remainder

3.6

4.11

J-21-021

381919

7090265

250

-75

168.5

170.0

1.5

0.36

Table 1 - Hole details and notable intervals in holes 16 though 21 at Jupiter. *True widths are not yet known with certainty but in hole J-21-020 are estimated to be roughly 90% or more of the reported interval.

The style of mineralization in Hole J-21-020 is consistent with that observed on surface in quartz-carbonate float boulders and in drill discoveries made by Snowline earlier in the season on Jupiter, suggesting the presence of a large mineralized system. It is also consistent with occurrences of near-source float mineralization observed at the Avalanche Creek target, some 12 kilometers to the south of Jupiter.

This Phase I drill program represents the first ever drilling at Jupiter and marks the discovery of a new style of mineralization for this region of the Yukon. Jupiter is thought to represent an epizonal orogenic gold system, with similarities to systems like New Found Gold Corp.'s Queensway discoveries in Newfoundland and Agnico Eagle Mines Ltd.'s Fosterville mine in the Bendigo district of Australia.

Jupiter is one of nine target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold's 70%-owned, district-scale Einarson project. Adjacent projects Rogue and Ursa are prospective for intrusion-related gold and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere.

Figure 3 - Jupiter zone location map in relation to surrounding Snowline Gold Corp. projects. At the Rogue project's Valley target, assay results for all four holes (each of which intersected trace amounts of visible gold) remain pending.

FORTHCOMING RESULTS

The Company awaits assay information for its four drill holes from the Valley zone on the nearby Rogue project, some 32 kilometers to the south of Jupiter. All four holes at Valley intersected trace amounts of visible gold in drill core. Valley is a reduced intrusion-related gold target that presents a bulk-tonnage gold exploration model where gold is hosted in widespread arrays of centimetre-scale sheeted quartz veins within and around a felsic intrusion.

In hole V-21-001, sheeted quartz veins were observed across its entire 161 m length. Thirty-one of the many veins observed in this hole contained trace amounts of visible gold, with up to five gold grains observed in a given vein. Visible-gold bearing veins were distributed roughly evenly across the length of the hole.

QA/QC AND QUALIFIED PERSON

On receipt from the drill site, drill core was systematically logged for geological attributes, photographed and sampled. Smaller sample lengths were used to isolate zones of interest, otherwise a default 1.5 m downhole sample length was used. Core was cut in half lengthwise, with one half collected for analysis and one half stored as a record. Standard reference materials, blanks and duplicate samples were inserted by Snowline personnel at regular intervals into the sample stream. Bagged samples were sealed with security tags to ensure integrity during transport. They were delivered by expeditor and by Snowline personnel to ALS Laboratories' preparatory facility in Whitehorse, Yukon, with analysis completed in Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref 4028 for its laboratory analysis. Samples were crushed by ALS to >70% passing below 2 mm and split using a riffle splitter. 250 g splits were pulverized to >85% passing below 75 microns. An aqua regia digest with an inductively coupled plasma mass spectroscopy (ICP-MS) finish was used for 51-element analysis on 50 g samples (ALS code: Au-ME-TL44). Any sample returning >50 ppb Au was re-analysed for gold content by fire assay with an inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish on 30 g samples (ALS code: Au-ICP21). Over-limit samples of >10 g/t Au were analyzed by fire assay with a gravimetric finish again on a 50 g sample (ALS code: Au-GRA22). Where more than one gold assay exists for a sample, assays reported herein prioritize these methods in reverse order.

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.

ABOUT Snowline Gold Corp.

Snowline Gold Corp. is a Yukon Territory focused gold exploration company with a seven-project portfolio covering >100,000 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.



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Snowline Gold

Snowline Gold

Overview

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 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 intersected 7.05 metres at 3.96 gt Au, including 0.7 metres at 10.65 gt Au, and 4.00 metres at 4.10 gt Au, including 0.5 metres at 17.95 gt Au in initial drill program at the Jupiter Zone on its Einarson project in the Yukon Territory, Canada.
  • The initial drill program has intersected mineralization in 15 of 15 holes drilled across 930 metres within a 3 kilometre soil anomaly.
  • Step-out drill holes up to 930 metres 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%-owned Einarson project

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 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 will be the initial focus of exploration efforts at the Einarson project during the 2021 field season.

As the company advances its Einarson project, it recently announced it has intersected 7.05 metres at 3.96 gt Au, including 0.7 metres at 10.65 gt Au, and 4.00 metres at 4.10 gt Au, including 0.5 metres at 17.95 gt Au 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 metres within a 3 kilometre soil anomaly.
  • Step-out drill holes up to 930 metres 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%-owned Einarson project

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.

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. Phase I drilling at the Jupiter zone is nearing completion, having achieved its initial objective of discovering a mineralized structural zone thought to be partially responsible for gold-bearing quartz float boulders that grade up to 25.2 g/t Au previously found on the surface. While encouraged by phase I drill results, which indicate the in-situ presence of an extensive epizonal orogenic gold system, the Company awaits assay results to better assess their significance.

Additionally, the Company closed a C$1,000,000 non-brokered private placement with Crescat Capital in July 2021. The proceeds of the offering will be used to advance the Ursa gold and base metals project, and fund a future 1,500 metre diamond drill programme.

The company’s solid share structure has a total of 89.2M shares and consists of several strategic shareholders, management and insiders including Keith Neumeyer of First Majestic Silver Corp, Eric Sprott, Quinton Hennigh and Dr. Craig Hart. Snowline Gold has a committed 30 percent insider share position.

Snowline Gold’s Management Team

Scott Berdahl, MSc, MBA, P.Geo. – CEO, 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.

Matthew Roma – CFO and Corporate Secretary

Matthew Roma is a Chartered Professional Accountant (CPA) with over 10 years of financial management experience working predominantly with junior mining companies. Mr. 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

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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CORRECTION: Snowline Gold Announces Completion of C$7 Million Non-Brokered Private Placement

CORRECTION: Snowline Gold Announces Completion of C$7 Million Non-Brokered Private Placement

This press release replaces the press release disseminated December 20, 2021 at 8:00 AM ET. The press release had an incorrect headline. No changes to the content of the release have been made.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has completed its previously announced non-brokered private placement, issuing 757,575 flow-through common shares of the Company (the "FT Shares") at a price of C$0.66 per FT Share and 8,783,783 premium flow-through common shares of the Company (the "Premium FT Shares") at a price of C$0.74 per Premium FT Share, for aggregate gross proceeds of approximately C$7 million. Each FT Share and Premium FT Share is accompanied by one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable for one common share of the Company at an exercise price of C$0.75 until December 17, 2023(the "Offering

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The Gross Proceeds from the Issue and Sale of the FT Shares and the Premium FT Shares Will Be Used to Support Advancement of Exploration on the Company's Yukon Territory Mineral Properties

The Gross Proceeds from the Issue and Sale of the FT Shares and the Premium FT Shares Will Be Used to Support Advancement of Exploration on the Company's Yukon Territory Mineral Properties

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has completed its previously announced non-brokered private placement, issuing 757,575 flow-through common shares of the Company (the "FT Shares") at a price of C$0.66 per FT Share and 8,783,783 premium flow-through common shares of the Company (the "Premium FT Shares") at a price of C$0.74 per Premium FT Share, for aggregate gross proceeds of approximately C$7 million. Each FT Share and Premium FT Share is accompanied by one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable for one common share of the Company at an exercise price of C$0.75 until December 17, 2023(the "Offering

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Snowline is Pleased to Announce That Its Previously Announced Non-Brokered Private Placement is Over-Subscribed

Snowline is Pleased to Announce That Its Previously Announced Non-Brokered Private Placement is Over-Subscribed

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that its previously announced non-brokered private placement is over-subscribed. As a result, the Company has increased the number of premium flow-through common shares of the Company (the "Premium FT Shares") to be issued to a maximum of 8,783,783 Premium FT Shares at a price of C$0.74 per Premium FT Share for gross proceeds of up to C$6,500,000. The number flow-through common shares of the Company (the "FT Shares") remains at a maximum of 757,575 FT Shares at a price of C$0.66 per FT Share for gross proceeds of up to C$500,000. Each FT Share and Premium FT Share will be accompanied by one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable for one common share of the Company at an exercise price of C$0.75 for a period of two years(the "Offering

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Snowline Gold Announces C$5 Million Non-brokered Private Placement

Snowline Gold Announces C$5 Million Non-brokered Private Placement

The gross proceeds from the issue and sale of the FT Shares and the Premium FT Shares will be used to support advancement of exploration.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has arranged to issue, on a non-brokered private placement basis, (a) up to 757,575 flow-through common shares of the Company (the "FT Shares") at a price of C$0.66 per FT Share for gross proceeds of up to C$500,000, and (b) up to 6,081,081 premium flow-through common shares of the Company (the "Premium FT Shares") at a price of C$0.74 per Premium FT Share for gross proceeds of up to C$4,500,000. Each FT Share and Premium FT share is accompanied by one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"), with each Warrant being exercisable for one common share of the Company at an exercise price of C$0.75 for a period of two years(the "Offering

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Snowline Gold Extends High Grade Footprint with 13.7 Grams Per Tonne Gold over 3.6 metres at Its Jupiter Zone, Einarson

Snowline Gold Extends High Grade Footprint with 13.7 Grams Per Tonne Gold over 3.6 metres at Its Jupiter Zone, Einarson

  • Assay results received for holes J-21-008, 014, 015 and most of 016 from Jupiter zone
  • Hole J-21-015 intersected a large, sulphide-bearing quartz-carbonate vein assaying 13.7 g/t Au over 3.6 m, including 25.2 g/t Au over 0.95 m (true widths unknown). The hole was collared 153 m northwest of recent high grade discovery holes
  • Assays pending for 5 additional holes at Jupiter, including J-21-020 which intersected visible gold 1.1 km north of discovery holes, within a 3 km gold-in-soil anomaly.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce additional assay results from Phase I drilling at the Jupiter zone on its district-scale Einarson gold project in the Yukon Territory, Canada. The highlight of these results are from Hole J-21-015, which was collared 153 metres northwest of previous holes J-21-010 to J-21-013 (see Snowline press releases dated August 25, 2021 and October 13, 2021). The hole intersected a wide, mineralized quartz-carbonate breccia which averaged 13.7 gt Au over 3.6 metres beginning at 119.1 metres downhole

Figure 1 - J-21-015, from 119.0 m to 124.2 m downhole. Brecciated and stylolitic textures dominate the quartz carbonate zone. Siltstone wall-rock clasts and acicular arsenopyrite comprise grey areas, with pyrite also present. Sample boundaries on the core are marked in red. The predominantly siltstone section immediately above the main vein (119.1 - 119.75 m) returned 17.5 g/t Au over 0.65 m. The 0.95 m interval at the base of the zone (121.75 - 122.7 m) returned 25.2 g/t Au. The two 1.0 m samples from between these returned 7.17 and 6.89 g/t Au. True width of the zone is not known but is estimated between 50-70% of the downhole width.

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WHEATON PRECIOUS METALS ANNOUNCES THE ACQUISITION OF A PRECIOUS METALS STREAM FROM ADVENTUS MINING'S CURIPAMBA PROJECT

TSX | NYSE | LSE: WPM

Wheaton Precious Metals™ Corp. ("Wheaton" or the "Company") is pleased to announce that its wholly-owned subsidiary, Wheaton Precious Metals International Ltd. ("Wheaton International") has entered into a definitive Precious Metal Purchase Agreement (the "PMPA") with Alliance Metals International, a subsidiary of Adventus Mining Corporation (collectively "Adventus") (TSX: ADZN) in respect to the Curipamba Project ("Curipamba" or the "Project") located in Ecuador . Curipamba is forecast to be a high-margin mine in the lowest half of the copper cost curve with a 10-year open-pit mine life and the potential to transition into an underground mine subsequent to the open pit 1 .

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Mako Gold

Extensional Drilling At Tchaga & Gogbala Delivers Further High-Grade Gold

Mako Gold Limited (“Mako” or “the Company”; ASX:MKG) is pleased to advise that it has received assay results from 32 reverse circulation (RC) and diamond drilling (DD) holes from the 10,000m drilling program at the Gogbala Prospect, and 7 RC/DD holes from the ongoing 10,000m drilling program at the Tchaga Prospect, at the Company’s flagship Napié Project in Côte d’Ivoire. Gogbala and Tchaga are located on a +23km soil anomaly and coincident 30km-long Napié Fault (Figure 4).

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AMEX Announces C$33.7 Million Bought Deal Private Placement

AMEX Announces C$33.7 Million Bought Deal Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Amex Exploration Inc. ("Amex" or the "Company") (TSXV: AMX) is pleased to announce that it has entered into an agreement with PI Financial Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 7,000,000 flow-through common shares (the "Flow-Through Shares") of the Company, at a price per Flow-Through Share of $4.82 (the "Issue Price"), for gross proceeds of C$33,740,000 (the "Offering").

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The Power Play by The Market Herald Releases Interviews With Rover Metals, Northstar, Baseload Energy, Stratabound Minerals, and CoinSmart

The Power Play by The Market Herald Releases Interviews With Rover Metals, Northstar, Baseload Energy, Stratabound Minerals, and CoinSmart

The Power Play by The Market Herald has announced the release of a new interviews with Rover Metals, Northstar, Baseload Energy, Stratabound Minerals, and CoinSmart on their latest news

The Power Play by The Market Herald provides investors with a quick snapshot of what they need to know about the company's latest press release through exclusive insights and interviews with company executives.

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Marvel's SPINCO Power-One Resources, NI-PGE-REE's-Uranium Project, Moves Forward Finalizes Financing and Listing Process

Marvel's SPINCO Power-One Resources, NI-PGE-REE's-Uranium Project, Moves Forward Finalizes Financing and Listing Process

Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T1), (OTCQB:MARVF); (the "Company") Further to the Company's news releases March 17, 2021 and April 23, 2021 the Company received final approval on the plan of arrangement under the Business Corporations Act (British Columbia) involving Power-One Resources Corp. ("Power-One"). The Company received the required shareholder approval in connection with the arrangement at its special meeting of shareholders held April 23, 2021. As part of the transaction, Marvel shareholders received 16,000,000 common shares with Marvel receiving 5,000,000 common shares for transferring the Serpent River Pecors Project (Elliott Lake, Ontario), and the Wicheeda Project (Prince George, BC) to Power-One

Marvel currently holds an equity stake in Power-One of approximately 26%.

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Gold Bull Logo

Gold Bull commences 4000m drill program at Sandman

Gold Bull Resources Corp. (TSX-V: GBRC) (" Gold Bull " or the " Company ") is pleased to announce that it has commenced drilling at its 100% owned Sandman Project (" Sandman " or the " Project ") located in Humboldt County, Nevada, USA. Please refer to announcement released 12 th January 2022 for details relating to the drill program here.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6d8e0ce9-98bc-4926-8538-fd8a2c55033d

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