North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Snowline Gold Corp. Sept. 11 announced the next batch of assays from its ongoing drill program at the company's Valley target on its Rogue property in eastern Yukon.

As part of a targeted 10,000-meter program, the company has blown past that with more than 13,000 meters drilled at Valley. So far, completing 29 holes with an additional two in progress, this year's program represents more drilling at Valley than the sum of all previous drilling on the target to date.

"This latest round of results from our Rogue project's Valley target demonstrates high continuity of mineralization in three dimensions and adds considerable scale to the extent of the known system, which remains open," said Snowline Gold CEO Scott Berdahl.

Located within the Selwyn Basin near Yukon's eastern border with NWT, Rogue is an 11,227-hectare (27,743 acres) property that comprises 442 mineral claims with a main block that covers a roughly nine-kilometer (5.6 miles) trend of metamorphic rock hornfels complemented by anomalous gold in rocks, soils, and stream sediment samples.

The primary target of interest, Valley, is a recently discovered intrusive stock with sheeted gold-bearing quartz veins within the intrusion and visible gold found in sulfide veins in the surrounding hornfels.

Reporting the next ten holes, all encountered mineralization, with nine drilled inside the intrusion returning continuous mineralization over downhole intervals of up to 517.9 meters in length.

In particular, two of these holes, V-23-045 and V-23-048, returned 517.9 meters averaging 1.14 grams per metric ton gold and 265.2 meters averaging 2.2 g/t gold, respectively, from surface.

Snowline says these results expand the width of the high-grade, near-surface core seen from previous holes, while 045 extends the depth of the known mineralization to the east; other holes added substantial volumes of known mineralization to the margins of the system currently tested.

"These holes primarily tested undefined margins of the well-mineralized corridor within the Valley intrusion," said Berdahl. "That they returned such strong grades-with holes running at multiples of the 0.64 g/t gold and 0.37 g/t gold average reserve grades seen at the nearest operating mines of this type, across hundreds of metres-speaks to the unique nature of the Valley discovery amongst reduced intrusion-related gold systems and among bulk tonnage gold systems in general.

Highlights from this latest round of assays include:

• 517.9 meters averaging 1.14 g/t gold from surface (3.1 meters) in hole V-23-045, including 125.5 meters averaging 1.75 g/t gold.

• 256.2 meters averaging 2.2 g/t gold from surface (8.8 meters) in V-23-048, including 100.2 meters averaging 3.28 g/t gold.

• 295.9 meters averaging 1.32 g/t gold from surface (6.1 meters) in V-23-044, including 157 meters averaging 2.03 g/t gold.

• 228.6 meters averaging 1.62 g/t gold from surface (3.5 meters) in V-23-047, including 110.5 meters averaging 2.03 g/t gold.

• 383 meters averaging 0.92 g/t gold from surface (5 meters) in V-23-042, including 166.4 meters averaging 1.54 g/t gold.

• 244.5 meters averaging 1.03 g/t gold from a depth of 191.5 meters in V-23-038.

While all were impressive, the extent of mineralization in 045 and 048 is what has caught Snowline's attention.

Collared within the Valley intrusion as a 100-meter step back along the section from previous hole V-23-037 (383.3 meters averaging 2.47 g/t gold from surface), reported at the beginning of August as one of the best drill holes reported at Valley to date, V-23-045 was a step direction perpendicular to the dominant trend of mineralization, which strikes northwest-southeast.

Therefore, the results added to the previously known width of the system.

Additionally, 045 was also collared 67 meters from V-22-029 (558.7 meters averaging 1.26 g/t gold from surface) and ended in patchy lower-grade mineralization and fault gauge within a fine-grained, porphyritic phase of the granodiorite.

This hole is the northeasternmost hole testing Valley's well-mineralized corridor to date and thus extends the envelope of known greater than one g/t gold mineralization considerably in that direction, where it still remains open.

The hole also carries mineralization to depth, further expanding the known vertical footprint and highlighting the vertical exploration potential within the Valley intrusion.

Snowline Gold Corp.

At a glance, one can see how extensively Snowline has targeted the Valley intrusion.

Hole V-23-048 was collared within the Valley intrusion as well, as a 95-meter step-along section to the southwest of V-23-039 (553.8 meters averaging 2.48 g/t gold from surface) and 72 meters south of its nearest hole, V-22-010 (318.8 meters averaging 2.55 g/t gold from surface).

Mineralization within V-23-048 is reported as robust and consistent, but like 045, it has a mineralized extent that shows the kind of unique resource Valley is.

Snowline says that despite the impressive grades, as with many other holes at Valley, grade profiles see the highest levels at surface, as only one assay exceeded 10 g/t. Hence, grade capping has virtually no effect on results but does underscore the remarkable continuity within the system.

"With two rigs currently active on the target and one more on the nearby Gracie target, we look forward to learning much more about these targets in the coming months," finished Berdahl.

Analytical results for an additional 19 holes (7,116 meters) at Valley are pending.