Rushed Assays Confirmed High-Grade Gold Intervals In Yukon
Snowline Gold Corp. (CSE: SGD) has received additional promising results from its ongoing Phase I drilling of the Jupiter Zone on its district-scale Einarson project in the Yukon Territory, Canada.
CEO, Scott Berdahl, said two distinct intervals of high-grade gold (>10 g/t Au, with assays up to 63.9 g/t Au) in hole J-21-011 indicate the discovery of a robust in-situ gold system.
“Assay results from hole 11 confirm the discovery of a sizeable gold system at Jupiter,” Mr Berdahl said.
“Initially we patted ourselves on the backs for hitting mineralisation consistently with our first holes on a blind target. But now, with evidence of the system in 19 for 19 holes over 930 m lateral extent—including mineralisation in holes off-trend and a hole drilled directly away from our “target”—we may have simply discovered a gold system that is tough to miss.
“What excites us even more is that Jupiter is the first of many targets left to test on our Einarson, Rogue and Ursa projects. It’s a successful proof-of-concept in what we believe to be a previously unrecognized and unexplored gold district.”
Mr Berdahl said hole J-21-011 represents a 710m step-out along trend from earlier holes at Jupiter It was drilled on a pad along with J-21-010, 012 and 013, for which assays are still pending. Mineralisation occurs in and around quartz-carbonate veins, breccias and possibly quartz-flooded fold hinges in deformed siltstones of the Selwyn Basin’s Narchilla formation.
Gold values are associated with fine-grained sooty-looking to acicular arsenopyrite occurring as patches, disseminations and stylolites in quartz, with metres-scale zones of disseminated arsenopyrite and up to tens of metres of disseminated pyrite in clay-altered wall rock.
Drilling to date has tested parts of a 930 m area that is open in length, breadth and depth within a three km area of elevated to anomalous gold in soils.
The final Phase I holes at Jupiter will test anomalous soil geochemistry and quartz float to the north of other targets, 460m from any previous hole and roughly 1.1 km from J-21-011. Optical, acoustic and induced polarisation downhole surveys are planned this season prior to closing holes to better constrain structural and lithological controls on mineralization.
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.
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