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Snowline Gold Further Expands Mineralized Footprint of Valley Zone and Mobilizes Third Drill to Its Rogue Project, Yukon
Sheeted vein mineralization observed across 700 m by 800 m area at Valley, with mineralizat...
About this update from Snowline Gold Corp.
[{"type":"text","content":"Snowline Gold Further Expands Mineralized Footprint of Valley Zone and Mobilizes Third Drill to Its Rogue Project, YukonSheeted vein mineralization observed across 700 m by 800 m area at Valley, with mineralization open in all directions and wider step-outs plannedCentral corridor of high vein density up to 300 m wide, 600 m long (open) and 430 m deep (open) encountered in holes V-22-005, 007, 010, 012, 014 and 015V-22-015 in system for entire 554 m length, with broad zones of high vein densityAll assay results and latest drill core evaluations pending, drilling ongoing.VANCOUVER, BC / ACCESSWIRE / August 3, 2022 / SNOWLINE GOLD CORP. (CSE:SGD) (OTCQB:SNWGF) (the \"Company\" or \"Snowline\") is pleased to announce that it has encountered gold bearing quartz vein mineralization in multiple large step-out holes at its Rogue project's Valley Zone in Canada's Yukon Territory (Figure 1). Characteristic sheeted veins are present at various intensities across the roughly 800 m width of the intrusion and extending into the surrounding hornfelsed rocks, and along 700 m of strike length tested to date. Of note is a corridor of high vein densities (commonly >15 veins/m) up to 300 m wide intersected across 600 m of strike length and open along strike, with robust mineralization intersected at 430 m below surface and open to further depth.Figure 1 - Drilling progress at the Valley Zone, showing quartz vein densities in drill core. Veins range in thickness from several mm to 30 cm true width. Vein densities are considered by the Company a general indicator of gold potential, though other factors can influence grade within and between holes. Assays remain pending for all holes drilled in 2022. A potential southeastern extension of the Valley intrusion is suspected based on aerial magnetic data collected in 2021 and 2022.\"We are very encouraged by the scale of the mineralized system we are seeing at Valley,\" said Scott Berdahl, CEO & Director of Snowline. \"Each successful step-out across hundreds of metres adds significantly to the bulk-tonnage potential of the target, and mineralization is present from surface to the bottoms of the deepest holes we've drilled to date-to 554 m downhole corresponding to 430 m below surface. Of course, we won't know the true significance of the discovery until we have drill core assays back. Lab estimat...