Snowline Gold Drills Mineralization 300 M Beyond Current Resource in Expansion Drilling at The Valley Deposit, Rogue Project

Published: 2025-02-20 09:05:52 ET SGD.V

VANCOUVER - SNOWLINE GOLD CORP (TSX-V:SGD)(OTCQB:SNWGF) (the 'Company' or 'Snowline') is pleased to announce further results from its 2024 drill campaign on the Valley deposit, Rogue Project, and from its Jupiter target on the adjacent Einarson Project, Yukon.

At Valley, holes V-24-114 and V-24-115 both returned intervals of strong gold mineralization outside of the existing MRE, demonstrating the presence of gold within a large and still untested part of the Valley intrusion. Additional holes V-24-116 and V-24-117 show continuity of >1 g/t gold grades along multiple edges of the primary deposit area at Valley. These results will help to inform an updated MRE for Valley anticipated in the coming months. At Jupiter, roughly 30 km north of Valley on the adjacent Einarson Project, three of four reported holes intersected >8 g/t Au mineralization, with an interval of 20.9 g/t Au over 2.1 m (true width) in J-24-031 confirming a secondary east-west structural control on mineralization that could assist with future targeting at Jupiter and regionally. Results are pending for an additional >2,500 m of drilling in six holes from infill and expansionary drilling at the Valley deposit, Rogue Project. 'The near-surface, high-grade part of the Valley intrusion that hosts Snowline's Valley gold deposit rightfully commands a lot of attention,' said Scott Berdahl, CEO & Director of Snowline. 'Today's results from other parts of the Valley intrusion and from the separate Jupiter target are both great reminders that the Valley deposit was not created in a vacuum, but rather as a product of target-scale and regional-scale geological processes underpinned by gold fertility of the eastern Selwyn Basin. Hole V-24-115 highlights the potential of the Valley intrusion itself-outside of the current Valley deposit-to host additional zones of high-grade gold mineralization. Roughly 30 km to the north, at our Jupiter target, the grades seen in J-24-031 are encouraging and further enhance our understanding of this structurally-controlled system. Both results support Snowline's founding conviction that a previously unrecognized gold district could exist within our project boundaries in the eastern Yukon Territory.

'My congratulations go to Snowline's team for the innovative, data- and observation-driven thinking that led to these drill holes and today's discoveries. We are excited to get back out into the field in 2025 as we continue to advance these ideas and others throughout our robust, district-scale project pipeline.'

VALLEY DRILLING, ROGUE PROJECT

The seven holes reported herein from Valley primarily target the margins of the known deposit as well as untested areas beyond these margins (e.g. V-24-113, 114 & 115). The results continue to build on the Company's understanding of the Valley deposit through de-risking and potential expansion.

Roughly 25,000 m were drilled at Valley in 55 holes in 2024 - nearly double the amount of drilling (27,911 m) used to inform the Company's initial MRE for Valley. The results of this drilling will be used to produce an updated MRE on the Valley deposit in Q1 or Q2 of 2025, as well as to inform future economic studies.

Hole V-24-112

Drilled as a 50 m step-out from V-22-015 along the eastern edge of the Valley deposit, V-24-112 intersected multiple mineralized intervals, including a 237.0 m length averaging 0.75 g/t Au from 147.5 m downhole. This mineralization-at nearly double the 0.4 g/t Au mill cutoff grade used for the 2024 Valley MRE-expands the breadth of the company's understanding of the eastern edge of the Valley deposit.

Hole V-24-113

V-24-113 is a 140 m step back along section from V-24-097 and a 60 m step to the north of V-23-038, testing mineralization at depth beyond what is currently the northeastern edge of the Valley deposit. The strongest interval of mineralization averaged 0.50 g/t Au over 234.0 m from 207.5 m downhole, with this interval occurring entirely outside the limits of the block model used to inform the 2024 MRE for Valley.

Hole V-24-114

Drilled towards the northwest, away from the eastern edge of the Valley deposit, V-24-114 encountered muted grades initially before intersecting 122.2 m averaging 0.47 g/t Au from 93.5 m downhole. Vein density and instances of visible gold increase with depth down the hole. The hole ends in mineralization, with the final 10.5 m downhole averaging 1.35 g/t Au well outside the Valley MRE, adjacent to on an open void in drill coverage.

Hole V-24-115

Like V-24-114, V-24-115 is also oriented northwest, drilled into a large volume of the Valley intrusion that has seen little to no drill testing, crosscutting an east-west oriented vein trend observed in this area. The hole hit multiple zones of mineralization, most notably a 100.5 m intersection averaging 0.53 g/t Au from 172.0 m downhole, with a 15.5 m downhole intersection averaging 2.08 g/t Au.

Notably, the drill hole primarily encountered coarse-grained granodiorite-the host phase to most of the mineralization in the Valley deposit-as opposed to a medium-grained phase expected based on previous hole V-22-017 (collared from the same site but drilled southwest). The 15.5 m interval of 2.08 g/t Au is associated with a dike of fine-grained porphyritic granodiorite, which is thought to be a causative intrusive phase for the high grades seen in the main part of the Valley deposit.

The hole ended in coarse-grained granodiorite and did not intersect the northeastern wall of the Valley intrusion, which remains unconstrained at depth.

Hole V-24-116

V-24-116 infills a 130 m gap in section between V-23-041 and V-23-042, on the southeastern side of the deposit. An interval of 287.8 m downhole averaging 0.95 g/t Au from bedrock surface at 12.7 m downhole, including 145.0 m at 1.24 g/t Au from 77.0 m downhole, confirms continuity of strong mineralization in this part of the Valley deposit.

Hole V-24-117

Collared outside of the Valley intrusion and drilled from west to east, V-24-117 encountered sparse zones of mineralization in the hornfels zone followed by a broad zone of mineralization on entering the Valley intrusion, returning 242.5 m at 1.14 g/t Au from 174.0 m downhole, including 112.5 m at 1.64 g/t Au from 277.0 m downhole. This interval, which spans the edge of the resource limiting pit-shell constraint for the 2024 Valley MRE, adds dimensionality to a zone of mineralization encountered at depth in previous hole V-23-039.

Hole V-24-118

V-24-118 is among the southernmost holes drilled at Valley. The hole averages 0.71 g/t Au over the top 221.9 m from bedrock surface at 18.6 m downhole, with the bottom 59.0 m of this interval occurring outside of the resource-limiting pit constraint used for the 2024 Valley MRE.

ABOUT ROGUE

Snowline Gold's 100%-owned, flagship Rogue Project, in Canada's Yukon Territory, covers a 60 x 30 km cluster of intrusions in the eastern Tombstone Gold Belt known as the Rogue Plutonic Complex.

Since its launch in 2021, Snowline has progressed the Rogue Project's Valley deposit from a greenfield prospecting discovery to a significant bulk tonnage gold resource, with 4.05 Moz gold Indicated mineral resource at 1.66 g/t Au and an additional 3.26 Moz Inferred mineral resource at 1.25 g/t Au within a pit-shell constraint. The resource estimate numbers are supported by the recent technical report for Rogue, prepared in accordance with NI 43-101 standards, entitled 'Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate,' authored by Heather Burrell, P. Geo., Daniel J. Redmond, P. Geo., and Steven C. Haggarty, P. Eng., with an effective date of May 15, 2024.

Exploration of the open Valley deposit is ongoing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multi-million-ounce RIRGS deposits currently in production, like Kinross's Fort Knox Mine in Alaska, but with substantially higher gold grades. Gold is associated with bismuthinite and telluride minerals hosted in sheeted quartz vein arrays within and along the margins of a one-kilometer-scale, mid-Cretaceous aged Mayo-series intrusion.

The Rogue Project area hosts multiple intrusions similar to Valley along with widespread gold anomalism in stream sediment, soil and rock samples. Elsewhere, RIRGS deposits are known to occur in clusters. For these reasons, Snowline considers the Rogue Project to have district-scale potential to host additional reduced intrusion-related gold systems.

ABOUT SNOWLINE GOLD CORP.

Snowline Gold Corp. is a Yukon Territory focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). The Company is advancing its Valley deposit-a large, low-strip, near surface, >1 g/t Au bulk tonnage gold system located in the eastern Yukon-while continuing regional exploration of surrounding targets on the Rogue Project and the broader district in the highly prospective yet underexplored Selwyn Basin.

Snowline's project portfolio sits within the prolific Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits across the central Yukon and Alaska. The Company's comprehensive first-mover position and extensive exploration database provide a distinct competitive advantage and a unique opportunity for investors to be part of multiple discoveries, the advancement of a significant gold deposit, and the creation of a new gold district.

Contact:

Scott Berdahl

CEO & Director

Snowline Gold Corp.

Tel: +1 778 650 5485

Email: [email protected]

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including statements regarding the significance of analytical results, the significance of visual drill core observations and visible gold, the potential effects of current analytical results on future mineral resource estimates including expansion of the pit shell and de-risking of the current estimate, the discovery potential within the Valley intrusion and on other exploration targets, the potential for investors to participate in multiple future discoveries, the Rogue Project having district-scale prospectivity, the creation of a new gold district and the Company's future plans and intentions. Wherever possible, words such as 'may', 'will', 'should', 'could', 'expect', 'plan', 'intend', 'anticipate', 'believe', 'estimate', 'predict' or 'potential' or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to uncertainties inherent in drill results and the estimation of mineral resources and risks associated with executing the Company's plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.