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By A.J. Roan 

Snowline shines new light on the Yukon

Mining Explorers 2022 - January 19, 2023

 

Last updated 1/18/2023 at 8:59am

Geologists standing on a hill overlooking the expansive region of Selwyn Basin.

Snowline Gold Corp.

As a relatively new junior to the rich fields of the Yukon, Snowline has made it quickly apparent it aims to cement its position as a top Yukon explorer.

Just shy of two years after its inception, Snowline Gold Corp., a junior mining company with deep prospecting roots in the Yukon and backed by savvy investment partners, is quickly emerging as one of northern Canada's most active and enticing gold explorers.

As a more recent addition to the North of 60 Mining News coverage area, Snowline has rapidly positioned itself into some of Yukon's most exciting new gold.

"We've really gone out to new parts of the Yukon that haven't been looked at intensively before," said Snowline CEO and co-founder Scott Berdahl.

This includes the Rogue, Einarson, Ursa, Cynthia, and Rainbow in the Selwyn Basin near Yukon's eastern border with Northwest Territories and the Tosh and Cliff projects closer to Yukon's western border with Alaska.

Its cornerstone position in the Selwyn Basin already represents the opportunity as first-movers in developing a new greenfield district-scale gold system, and so immediately sought to expand its holdings by acquiring even more of this prospective region.

Already holding a substantial position within the Selwyn Basin, Snowline nearly doubled its landholding to roughly 254,000 hectares (628,000 acres) with the acquisition of StrikePoint Gold Inc.'s Yukon gold exploration properties.

Given its ongoing exploration success at the Rogue project, Snowline determined to acquire the surrounding claims from StrikePoint, which the company believes to be prospective for a similar style of mineralization.

The properties acquired from StrikePoint included the Golden-Nug-Oly, Can East, Horn, How, MacEast, Nordic, Otter, PPM, TET, and Tintina.

In addition to its newest targets, Snowline also significantly expanded its properties through staking. Newly acquired areas were identified by the Snowline team as having an elevated potential to host gold deposits based on geological, geochemical, and geophysical information and based on the company's evolving understanding of rock and mineralization in this area through its surface and drill campaigns.

In March, the company launched a 13,320-meter drill program to expand upon exciting gold zones on its flagship 72,000-hectare (195,120 acres) Einarson and Rogue projects.

This drilling cut thick zones of strong gold mineralization that extend from surface to depths greater than 300 meters.

Highlights from initial assays from 2022 drilling at the Valley zone on the Rogue property include:

331.3 meters averaging 1.03 g/t gold in hole V-22-005.

288 meters averaging 2.3 g/t gold in hole V-22-007.

318.8 meters averaging 2.55 g/t gold in hole V-22-010.

258.2 meters averaging 1.45 g/t gold in hole V-22-014.

Map of Rogue, one of several targets that Snowline is advancing in the Yukon.

Snowline Gold Corp.

Just shy of the Yukon-Northwest Territories border, within the Selwyn Basin, Rogue is one of seven prospective targets that make up Snowline's portfolio.

"The continuity of strong grades from Valley's central zone, seen both within holes along hundreds of metres and between holes spaced hundreds of metres apart, demonstrates the presence of a large and robust, unusually rich bulk tonnage gold system," said Berdahl. "Comparable quartz vein densities –often with numerous instances of trace visible gold – in many holes for which assays have yet to be received have the potential to carry similar grades."

With a plethora of properties, intuitive investors, and a wealth of experience in this rugged northern territory, Snowline has only just begun to shine its light on parts of the Yukon that have never seen extensive exploration before.

"Our competitive advantage was to go out to places and get onto the green areas that are not on the beaten path. We really bring a lot of parts that haven't been seen before. We've really shone a new light on the Yukon. We're happy to be shining light on that potential," finished Berdahl.

Assays were pending from 80% of the 2022 assays at the time of this report.

 

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