Expanded 4,300m Phase 1 Jupiter Programme Now Complete
Snowline Gold Corp. (CSE: SGD) has intersected sulphide-bearing quartz-carbonate veins in a 460m step-out testing what may be a parallel structural corridor in its exploration activities on its flagship Einarson and Rogue projects in the Yukon.
The significant step-out involved holes J-21-020 and J-21-021, the final two holes of an expanded 4,300m phase I drill programme on the Einarson’s Jupiter zone.
CEO, Scott Berdahl, said assay results from these holes are not anticipated for some time due to laboratory back-logs, but the company recognizes the presence of such mineralisation to be a significant positive indication of the potential of the Jupiter zone.
“With such a big step-out, we were swinging for the fences,” Mr Berdahl, said. “While we don’t yet have assays for these holes, it’s starting to look a bit like a home run.
“This hole hit similar veins, alteration and gold pathfinder minerals to those of our recent J-21-011 discovery hole some 1.1 km to its south. It is almost as good as we could hope for.
“This caps off a very successful Phase I drill programme at Jupiter, with exciting intervals already in hand and most assay results still forthcoming. We look forward to returning to Jupiter next year.”
Hole J-21-021 was drilled from the same pad as J-21-020, also at an azimuth of 250°, but with a steeper dip of -75°. It encountered a similar zone of quartz veining from 98-105 m depth with abundant pyrite, but it lacked obvious occurrences of arsenopyrite.
Jupiter is thought to represent an epizonal orogenic gold system. It is one of nine target zones prospective for orogenic and/or Carlin-style gold mineralisation currently recognised on Snowline Gold’s 70%-owned, district-scale Einarson project.
Adjacent projects Rogue and Ursa are prospective for intrusion-related gold and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere. Readers are cautioned that without assay results, the true significance of the intersections reported herein is uncertain.
Rogue Drilling Underway
A 600-metre, phase I drilling programme has commenced at the Valley zone on the Rogue project, located south of Einarson. This drilling targets intrusion-related gold mineralisation in sheeted veining and gold-bearing structures within and around a newly-discovered intrusion thought to belong to the prolific Tombstone plutonic suite.
Snowline CEO Berdahl continued, “With the drill now turning on the first-ever drill test of the Valley zone, we’re optimistic that further discovery awaits Snowline Gold this season,” Mr Berdahl said.
For further information please visit: https://snowlinegold.com/
