05:49:34 EDT Tue 01 Jul 2025
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Snowline Gold Corp
Symbol SGD
Shares Issued 160,623,166
Close 2025-05-16 C$ 7.02
Market Cap C$ 1,127,574,625
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Snowline Gold begins 30,000 m drill program in Yukon

2025-05-20 10:13 ET - News Release

Mr. Scott Berdahl reports

SNOWLINE GOLD COMMENCES FULLY FUNDED 30,000 M EXPLORATION AND PROJECT ADVANCEMENT PROGRAM

Snowline Gold Corp. has begun its 2025 exploration, drilling and project advancement campaign on its flagship Rogue project and surrounding exploration projects in Canada's Yukon. The primary objective of the campaign will be efficient, rapid advancement of the Rogue project's Valley gold deposit to inform potential future technical and economic studies and project permitting. This work includes 5,000 metres of geotechnical and condemnation drilling, engineering studies, and expanded environmental monitoring. Complementing this is 25,000 metres of exploration drilling at the Valley deposit and on multiple regional gold targets on the Rogue, Cynthia and Einarson gold projects.

"We're excited to be back in the field, picking up again after a very big year in 2024," said Scott Berdahl, chief executive officer and director of Snowline. "While the Valley gold deposit remains open to further expansion, the scale and the quality of the near-surface resource discovered to date make rapid advancement of the current resource a key value driver for Snowline. We are fortunate to own such an asset. We are working hard on multiple fronts to advance this opportunity for our shareholders towards feasibility studies while setting groundwork for successful project permitting. This is of course in addition to the significant exploration upside remaining in the vicinity of the Valley deposit and regionally in our surrounding, district-scale project portfolio, which we will continue to explore in 2025 with multiple drills on multiple targets. Combined with the upcoming preliminary economic assessment for Valley, we have a lot to look forward to at Snowline in the weeks and months ahead."

2025 program plans

Valley

Of the 30,000 m drilling planned for 2025, approximately 20,000 m will be allocated to advancing understanding of the Rogue project's Valley deposit. Roughly 15,000 m of this will be split between: (i) exploration drilling within the Valley intrusion but distal to the current resource, targeting the potential for additional hot spots of gold mineralization within the intrusion; and (ii) expansion and upgrading of the most recent mineral resource estimate for Valley (see Snowline news release dated May 15, 2025). The remaining 5,000 m is allocated to geotechnical, condemnation and sonic drilling, seeking to better define parameters to inform detailed engineering studies in the near term.

Beyond drilling, work at Valley is planned to assess and optimize processing methods, to characterize overburden at the deposit and at possible future infrastructure locations, to improve knowledge of surface and groundwater hydrology around the deposit, and to expand environmental baseline surveying on multiple fronts. The work will inform potential technical and advanced economic studies for Valley while positioning the project for future project permitting.

Regional exploration

Fieldwork at Valley will be complemented by an intensive regional drilling and surface exploration campaign. Roughly 10,000 m of exploration drilling will be allocated to regional targets on the Rogue project outside of Valley, in addition to the Cynthia and Einarson projects, with an emphasis on reduced-intrusion related gold systems (RIRGS). This will include follow-up drilling on targets like Gracie -- an intact RIRGS located roughly four kilometres east of the Valley deposit -- in addition to first-ever drill testing of multiple targets.

Extensive regional surface work will complement drilling efforts while advancing the numerous targets within Snowline's exploration pipeline. A 2,500 km airborne magnetic survey will expand and enhance previous regional-scale surveys, which are useful in detecting the presence of RIRGS-hosting intrusions, complemented by satellite hyperspectral data collection and interpretation. Field crews will conduct mapping, geochemical sampling and delineation work across much of the Snowline project portfolio. The early start to the 2025 exploration season will provide time during the field program for follow-up and potential phase 1 drilling on select areas with promising results.

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, bulk-tonnage, greater-than-one-gram-per-tonne gold system located in 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 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, a qualified person for the purposes of National Instrument 43-101.

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