Initial Mineral Resource Estimate defined for the Valley Gold Deposit, located on Snowline's 100% owned Rogue Project in the Yukon Territory, Canada: Indicated Mineral Resource: 76 Mt at 1.66 g/t Au for 4.05 million ounces Inferred Mineral Resource: 81 Mt at 1.25 g/t Au for an additional 3.26 million ounces Resource is constrained within a revenue factor 0.72 pit shell and reported above a 0.40 g/t Au cut-off grade Quality of discovery highlighted by continuous, non-refractory gold mineralization, with a significant component of higher-grade mineralization starting from bedrock surface (see Table 3) providing strength and optionality for potential future development scenarios Initial resource has clear potential for expansion, with open zones of 1-2 g/t Au mineralization across multiple broad edges of the deposit and with abundant mineralization encountered beyond the limits of the current pit shell The Valley Deposit sits on <0.01% of the Company's land holdings, within a cluster of high priority targets sharing key geological characteristics with Valley highlighting district level potential 2024 drill program at Valley ongoing, with three drills active on the Valley Deposit and roughly 4,000 m drilled to date (assays pending).
VANCOUVER, BC / ACCESSWIRE / June 17, 2024 / SNOWLINE GOLD CORP. (TSX-V:SGD)(US OTCQB:SNWGF)
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