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Snowline Gold Drills 404.8 m of 2.3 Grams per Tonne Gold Including 100.8 m of 4.7 Grams per Tonne Gold From Surface, Outperforming Valley Deposit Initial Resource Estimate in First Holes of 2024
Hole V-23-071, collared in a large gap in coverage at the Rogue Project's Valley deposit, returne...
About this update from Snowline Gold Corp.
[{"type":"text","content":"Snowline Gold Drills 404.8 m of 2.3 Grams per Tonne Gold Including 100.8 m of 4.7 Grams per Tonne Gold From Surface, Outperforming Valley Deposit Initial Resource Estimate in First Holes of 2024Hole V-23-071, collared in a large gap in coverage at the Rogue Project's Valley deposit, returned 449.7 m averaging 1.77 g/t Au from surface, including 169.2 m of 2.89 g/t Au, surpassing initial MRE block model grade predictions by +36%Hole V-23-072 returned 404.8 m averaging 2.27 /t Au, including 100.8 m averaging 4.67 g/t Au from surface, consistent with MRE block model prediction overall and slightly outperforming the model near surfaceMineralization, including visible gold, encountered in large step-outs in first holes of Phase II program at Einarson Project's Jupiter target. VANCOUVER, BC / ACCESSWIRE / July 24, 2024 / SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the \"Company\" or \"Snowline\") is pleased to announce analytical results from the first two drill holes of its 2024 exploration campaign and to provide an exploration update from its ongoing 5-drill program in Canada's Yukon Territory. Hole V-24-071, collared in the high-grade, near-surface section of the Valley deposit, averages 1.77 g/t Au over 449.7 m from surface, including 2.89 g/t Au over 169.2 m. This result exceeds that predicted by the Company's initial mineral resource estimate (MRE) for Valley by 36% overall. Hole V-24-072 averages 2.66 g/t Au over 295.3 m, including 4.67 g/t Au over 100.8 m from surface, in line with expectation but with slightly (1%) more gold than predicted in the top half of the hole. At the Jupiter target on the nearby Einarson Project, trace visible gold has been encountered in a 174 m step-out from previous holes, along with widespread mineralization. Drilling is ongoing at Valley and on other targets, with assays pending for an additional 13,000 m drilled to date. Table 1 - Highlight summary of Snowline's latest assay results. Note that the headline interval for V-24-072 comprises multiple intervals separated by small gaps; see Table 2 for details. *Interval widths reported; true widths of the system are not yet known.\"We are encouraged by such a strong start to our 2024 exploration campaign and excited to have regional drilling underway,\" said Scott Berdahl, CEO & Director of Snowline. \"Our first two holes of the season at our R...