New 100% Owned Bulk Tonnage Yukon Gold Target
Snowline Gold Corp. (CSE: SGD) has unveiled its recently acquired, 100% owned, 710 hectare Cynthia Gold Project – located in the Selwyn Basin, eastern Yukon Territory.
The Cynthia claims cover a four square kilometre area of gold mineralisation between two adjacent exposures of a Cretaceous Tombstone suite intrusion. Mineralisation is controlled by district-scale fault zones and is especially intense in the central part of the project.
Surface grab samples in these zones commonly assay from 200 ppb to three grams per tonne gold, with values up to 16 g/t Au in a central zone.
Cynthia is along strike of the past producing Plata silver mine, and is within eight km of an inactive heavy equipment winter access trail that connects to the North Canol Road.
The Gold Project is interpreted to have both bulk-tonnage and high grade, structurally-controlled exploration potential. Historical first pass drilling in 2010 returned broad zones of elevated gold associated with extensive quartz veining and stockwork, including 1.2 g/t Au over 6.5 m within a broader interval of 0.43 g/t Au over 32 m (drilled widths given, true widths unknown).
COO and Director, Scott Berdahl, said approximately 1,100 m of historical drilling was completed on the property in seven holes.
“The scale of anomalous gold values and accompanying alteration at Cynthia is hard to ignore,” Mr Berdahl said.
“Given its proximity to our flagship Rogue project and its associated dataset, we have the opportunity to assess historical results at Cynthia in regional context and to advance exploration at relatively low cost. The mineralisation itself lends further weight to our interpretation of the broader Rogue-Einarson area as a potential new gold district.”
Snowline is reviewing the complete project portfolio it acquired from 18526 Yukon Inc. in late February 2021 and is focused on prioritising exploration to maximise shareholder value. Specifically, it is examining multiple options for its non-core assets, including targeted exploration and joint venture arrangements.
