Snowline Gold Corp. announce analytical results received from two additional exploration holes drilled on its Rogue Project's Valley target in Canada's Yukon Territory. Both holes--drilled to the northeast as opposed to the usual southwest orientation of holes at Valley--demonstrated consistent and considerable widths of strong mineralization in different parts of the system. Hole V-23-054 returned 424.0 m of 1.43 g/t Au, downhole from bedrock surface, expanding the known width of mineralization across the southern extent of the well mineralized zone at Valley. In a separate interval in the same hole, the final 30.0 m downhole length averaged 0.70 g/t Au, representing a newly recognized area of deep mineralization at Valley that remains open. Both holes ended in mineralization. Assays for more than 11,400 m of diamond drilling from Snowline's 2023 exploration efforts remain pending. HOLE V-23-054: Hole V-23-054 is collared in coarse-grained granodiorite within the Valley intrusion as an 84 m step along strike to the southeast of the nearest hole, V-22-028 (363.5 m @ 1.40 g/t Au from surface including 129.9 m @ 2.03 g/t Au. The hole is drilled to the northeast to efficiently test the near-surface southwestern margin of
the Valley intrusion, and it tests the northeastern part of the mineralized corridor at depth in an orientation that crosscuts the dominant northwest strike of sheeted quartz veins. From bedrock surface at 23.5 m downhole, an interval of continuous mineralization averages 1.43 g/t Au over the next 424.0 m, with a zone of generally higher grades averaging 1.85 g/t
Au over 186.5 m from 66.0 m downhole. Two notable higher-grade zones average 4.73 and 4.79 g/t Au over 7.5 m and 9.0 m respectively, from 202.0 and 305.5 m downhole. A second mineralized interval begins 9.0 m downhole from the end of the first and continues to the end of the hole at 497.0 m depth, averaging 0.54 g/t Au over 40.5 m and ending in drops the overall grade of the first interval by just 0.73% from 1.43 g/t Au to 1.42 g/t Au, and does not affect the grade of the second interval. The results of V-23-054 demonstrate a robust width to strong grades in the southeastern part of the well-mineralized, near-surface corridor at Valley. In addition, the mineralization and grades seen in the bottom of the first interval and through the second interval reveal a new and open zone within the Valley intrusion where strong, consistent gold grades are present at depth. HOLE V-23-053: Hole V-23-053 is collared in hornfels sedimentary rock west of the Valley intrusion and is drilled to the northeast, roughly perpendicular to the general southwest orientation of most drill
holes to date at Valley. A mineralized interval begins in the hornsfels and continues to the end of the hole, averaging 0.97 g/t Au over 424.5 m from 58.5 m downhole. Grades increase when the drill trace crosses into coarse-grained granodiorite of the Valley intrusion at 80.5 m downhole, averaging 1.04 g/t Au over 387.0 m downhole, including 153.0 m at 1.61 g/t Au from 172.0 m downhole. The hole crosses into a fine-grained porphyritic phase of the intrusion at 333.0 m depth and stays in this phase to the end of hole. The hole ends in mineralization, with the final 30.0 m of the hole averaging 0.50 g/t Au. Gold grades in V-23-053 are not affected by grade capping at 10 g/t Au (highest assay is 9.62
g/t Au over 1.5 m from 412.0 m downhole), demonstrating the consistent nature of mineralization across the broad mineralized interval. The consistent gold grades encountered in the hole suggest strong grade continuity between holes drilled in the roughly perpendicular southwest orientation. They also provide further evidence that a zone of mineralization, open to expansion, extends to depth along the western edge of the Valley intrusion, potentially as a halo around the fine-grained porphyritic phase encountered in the bottom of the hole
mineralization. The final 30 m of the hole average 0.70 g/t Au. As with previous holes at Valley, mineralization within these intervals is remarkably consistent.