Snowline Gold Corp. (TSX-V: SGD; OTC: SNWGF) has unveiled a transformative update to its Mineral Resource Estimate (MRE) for the Valley deposit, part of its 100%-owned Rogue Project in Yukon, Canada. The new figures nearly double the Measured and Indicated gold ounces, marking a pivotal advancement in the project’s development.
Updated Mineral Resource Estimate
The revised MRE, prepared in accordance with National Instrument 43-101 standards, is based on 52,736 meters of drilling across 123 holes. The updated resources are:
- Measured Resources: 69.7 million tonnes at 1.41 g/t gold, totaling 3.15 million ounces.
- Indicated Resources: 134.3 million tonnes at 1.11 g/t gold, totaling 4.79 million ounces.
- Inferred Resources: 44.5 million tonnes at 0.62 g/t gold, totaling 0.89 million ounces.
This represents a 96% increase in Measured and Indicated gold ounces compared to the previous estimate.
Geological Context and Exploration Success
The Valley deposit is characterized as a reduced intrusion-related gold system (RIRGS), hosted within a polyphase granodiorite intrusion. Gold mineralization is primarily found in sheeted quartz vein arrays, with native gold associated with minor bismuth and tellurium minerals. The deposit exhibits low sulphur content and favorable metallurgy, with metallurgical testing demonstrating high gold recoveries using conventional processing techniques.
Recent drilling has continued to yield impressive results, highlighting both the consistency and expansion potential of the Valley deposit. For instance, hole V-24-119 intersected 617.6 meters at 1.68 g/t gold from near-surface, including a higher-grade interval of 202.0 meters at 3.24 g/t gold.
Regional Significance
The Rogue Project, encompassing the Valley deposit, is situated within the prolific Tintina Gold Province, home to several multi-million-ounce gold deposits, including Kinross’s Fort Knox Mine in Alaska and Victoria Gold’s Eagle Mine in Yukon. However, Valley distinguishes itself with higher grades and a unique geological setting.
Snowline Gold’s extensive land holdings in the underexplored Selwyn Basin position the company to capitalize on the district-scale potential of the area. The presence of multiple intrusions similar to Valley, along with widespread gold anomalies in stream sediment, soil, and rock samples, suggests the possibility of discovering additional RIRGS deposits within the region.
Looking Ahead
With the updated MRE, Snowline Gold is advancing towards a Preliminary Economic Assessment (PEA) for the Valley deposit, expected to be finalized in the coming weeks. The company is also preparing for the 2025 field season, aiming to further expand the Valley deposit and explore regional targets within the Rogue Project.
As Snowline Gold continues to unlock the potential of the Valley deposit, the company stands at the forefront of a new era in Yukon gold exploration, with the Valley deposit’s emergence as a high-grade, near-surface gold resource underscoring the region’s untapped potential.
Disclaimer
This Rock Report article has been prepared for informational purposes only and is intended solely for the use of the client. The interpretations, conclusions, and recommendations presented herein are based on data available at the time of preparation and are subject to the limitations inherent in geological investigations. No warranty or guarantee, express or implied, is made regarding the completeness, accuracy, or reliability of the information contained in this report.The findings and opinions expressed are those of the author and do not constitute legal, environmental, or financial advice. Any reliance on this report by third parties is at their own risk. The author and associated entities disclaim any liability for damages or losses arising from the use of this report by unauthorized parties.This report should not be reproduced, distributed, or used for any purpose other than that for which it was prepared without the prior written consent of the author.
