Snowline Gold (TSXV: SGD; OTCQB: NWGF) said the first two holes of its 2024 drill campaign returned high grades from the Valley deposit at the Rogue gold project. One hole returned 100.8 metres grading 4.67 g/t gold from surface.
These highlights were reported:
- Hole V-23-071, collared in a large gap in coverage at the Rogue project’s Valley deposit, returned 449.7 metres averaging 1.77 g/t gold from surface, including 169.2 metres of 2.89 g/t gold, surpassing initial resource block model grade predictions by +36%.
- Hole V-23-072 returned 404.8 metres averaging 2.27 g/t gold, including 100.8 metres averaging 4.67 g/t gold from surface, consistent with the block model prediction overall and slightly outperforming the model near surface.
“We are encouraged by such a strong start to our 2024 exploration campaign and excited to have regional drilling underway,” said Scott Berdahl, CEO and director of Snowline. “Our first two holes of the season at our Rogue project’s Valley deposit underscore the strength and consistency of the deposit, particularly when it comes to high-grade, near-surface gold mineralization.”
Additional assay results from more holes within and adjacent to the Valley deposit are pending. Three drills are active.
The initial resource estimate was released last month. It contains 76 million indicated tonnes at 1.66 g/t gold, containing about 4.1 million oz., and 81 million inferred tonnes at 1.25 g/t, containing about 3.3 million oz. of gold.
Snowline is also drilling its Einarson project’s Jupiter target. The company says mineralization, including visible gold, has been encountered there in large step-outs in the first holes of the Phase 2 program.
Both projects are located east of Mayo, Yukon, near the border with Northwest Territories, in the traditional territory of the Na-Cho Nyäk Dun First Nation.
More information, including geological details, are posted on www.SnowlineGold.com.
