Mr. Scott Berdahl reports
SNOWLINE GOLD ANNOUNCES EXPANSION OF LEADERSHIP TEAM WITH APPOINTMENT OF VP ENGINEERING AND TRANSITION OF CHIEF FINANCIAL OFFICER
Snowline Gold Corp. has expanded its management team through appointment of Victor Vdovin, MBA, PEng, to vice-president of engineering, along with Lauren McDougall, CPA, CMA, to chief financial officer, replacing Matthew Roma, who will be departing the company on May 4, 2025, but will continue as consultant during a transitionary period.
Scott Berdahl, chief executive officer and director of Snowline, stated: "On behalf of the board of directors and Snowline Gold, I would like to thank Matt for his years of dedicated and high-quality service to the company. During Matt's tenure, the company has grown from a small, grassroots company to a leading junior explorer and nascent developer today. We are grateful for his efforts and wish him the very best going forward."
Mr. Berdahl continued: "I am delighted to welcome Victor and Lauren to Snowline's senior management team. Both individuals bring a strong work ethic and highly relevant experience to Snowline at a key time for the company as we take big steps to rapidly and responsibly advance our flagship Valley gold deposit on our 100-per-cent-owned Rogue project."
Management appointments
Mr. Vdovin, vice-president, engineering: Mr. Vdovin brings over 20 years of relevant engineering experience to Snowline, having held advanced engineering and leadership positions with Newmont, Goldcorp and Centerra, working on projects including Penasquito, Los Filos and Kumtor. Most recently, he served as head of technical services for Greece at Eldorado Gold. Mr. Vdovin is a licensed professional engineer through the Professional Engineers of Ontario. He holds an MSc in applied geotechnics from the Camborne School of Mines in Camborne, United Kingdom, and an MBA from the University of Toronto's Rotman School of Management.
Ms. McDougall, chief financial officer: Ms. McDougall has 15 years of experience in corporate finance roles within the mining industry. Her most recent position was chief financial officer and corporate secretary of Northwest Copper Corp. commencing in 2021, following its transition from Sun Metals Corp., where she served as chief financial officer and corporate secretary from 2018 to 2021. Ms. McDougall is a chartered professional accountant (CPA/CMA). She holds a BCom in finance and international business from Carleton University.
Stock options and restricted share units
In addition, the company announces the award of an aggregate of 175,000 restricted share units under the company's omnibus incentive plan to officers of the company. Each RSU represents a right to receive one common share of the company, following the vesting of such restricted share units over a three-year period.
The company has also granted an aggregate of 300,000 stock options under the company's omnibus incentive plan to offers of the company. The options are exercisable for one share each at $8.29 per share for a period of five years from the date of grant and vesting over 2.5 years.
About rogue
Snowline Gold's 100-per-cent-owned Rogue project, in Canada's Yukon, covers a 60-kilometre-by-30-kilometre cluster of intrusions in the eastern Tombstone gold belt known as the Rogue plutonic complex, including the company's flagship Valley gold deposit.
Since its launch in 2021, Snowline has progressed Valley from a greenfield prospecting discovery to a significant bulk-tonnage gold resource, with 4.05 million ounces gold indicated mineral resource at 1.66 grams per tonne gold and an additional 3.26 million ounces inferred mineral resource at 1.25 grams per tonne gold within a pit shell constraint. The resource estimate numbers are supported by the technical report for Rogue, prepared in accordance with National Instrument 43-101 standards, entitled "Rogue Gold Project: NI 43-101 Technical Report and Mineral Resource Estimate," written by Heather Burrell, PGeo, Daniel J. Redmond, PGeo, and Steven C. Haggarty, PEng, with an effective date of May 15, 2024.
Exploration of the open Valley deposit is continuing. Valley is a reduced intrusion-related gold system (RIRGS), geologically similar to multimillion-ounce RIRGS deposits currently in production, such as 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-kilometre-scale, mid-Cretaceous-aged Mayo-series intrusion.
The Rogue plutonic complex 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 Valley-like gold systems.
About Snowline Gold Corp.
Snowline Gold is a Yukon-focused gold exploration and development company with an eight-project portfolio covering roughly 360,000 hectares (3,600 square kilometres). The company is advancing its Valley deposit -- a large, low-strip, near-surface, greater-than-one-gram-per-tonne-gold 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 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 potential creation of a new gold district.
Qualified person
Information in this release has been prepared under supervision of and approved by Thomas Branson, MSc, PGeo, vice-president of exploration for Snowline Gold, as qualified person for the purposes of NI 43-101.
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