Snowline Gold (TSXV: SGD | OTCQB: SNWGF) has announced additional analytical results from its ongoing drill programme at the Valley target on its Rogue project in the Yukon.
Rogue is Snowline’s flagship project that is a newly discovered, bulk tonnage style, reduced intrusion-related gold system, with geological similarities to multi-million-ounce deposits currently in production such as Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in the Yukon.
“Drill hole V-23-039 is the best drill hole reported at the Rogue project’s Valley target to date and ranks among the best drill holes ever drilled for gold in the Yukon,” commented Snowline CEO Scott Berdahl.
“The grades are exceptional for a reduced intrusion-related gold system, where resource grades for most known deposits are well below 1.0g/t Au.”
Results confirm and improve upon strong grade and continuity of well mineralized, near-surface corridor on the Rogue Project’s Valley target, while identifying a new zone of >2g/t Au mineralization at depth along the western margin of the intrusion.
Highlights included:
- Hole V-23-039: 2.48g/t Au over 553.8m from surface
- including 4.98g/t Au over 132.0m from 6.0m downhole
- Hole V-23-037: 2.47g/t Au over 383.8m from surface
- including 4.06g/t Au over 120.0m, roughly 115m across strike from V-23-039
Analytical results for an additional 19 holes (7,116m) at Valley are pending, with drilling at Valley and other Rogue project targets ongoing elsewhere on Snowline’s 100%-owned, 94,000ha project.
According to the company, high gold recoveries from non-refractory metallurgy and the deposit’s location in a favourable mining jurisdiction, the Valley target is emerging as one of the top recent gold discoveries on a global scale.
For further information, please visit: www.snowlinegold.com
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