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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 Locat...
About this update from Snowline Gold Corp.
[{"type":"text","content":"Snowline Gold Provides Exploration Update on Its Valley Drill Program, Rogue Project, YukonSheeted quartz veins with trace amounts of visible gold present in hole V-22-005Location of hole expands known width of Valley mineralized corridor by 150 metresDrilling ongoing, with assay results and full drill core evaluation pending.VANCOUVER, BC / ACCESSWIRE / June 13, 2022 / 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.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.\"Hole V-22-005 was designed to get a better sense of the width of the sheeted quartz vein arrays that constitute the Valley Zone,\" said Scott Berdahl, CEO and Director of Snowline. \"That we encountered mineralization at surface is encouraging, as this expands the known surface width of the Valley Zone by roughly 150 metres, and the width remains open. The true significance of the mineralization awaits assay results, but we are pleased to see this initial demonstration of scale. Subsequent holes will begin to test the strike length and depth of the mineralized system.\"Figure 2 - V-22-005 drill core from 200.9 to 227.5 m downhole. Sheeted quartz vein densities of between 10 and 20 veins per metre occur from 205 to 227 m downhole, within a coarse-grained biotite-hornblende diorite intru...