04:48:19 EDT Fri 21 Jun 2024
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Snowline Gold Corp
Symbol SGD
Shares Issued 146,907,470
Close 2024-01-22 C$ 5.50
Market Cap C$ 807,991,085
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Snowline appoints Hegarty as VP, sustainability

2024-01-22 16:30 ET - News Release

Mr. Scott Berdahl reports


Snowline Gold Corp. has appointed Brian Hegarty to its management team as vice-president of sustainability and external relations.

"We are excited to have Brian Hegarty join our team at a key juncture for Snowline, with a major gold discovery in hand at our Rogue Project's Valley target and a large, target-rich mineral claim portfolio taking shape around it," said Scott Berdahl, chief executive officer and director of Snowline. "Mr. Hegarty brings highly relevant experience to the company along with a complementary skill set to strengthen our commitment to our core values of community building, environmental respect and integrity. His appointment reflects a strategic focus on generating positive external impacts through Snowline's activities while building shareholder value through the derisking and progression of the Valley target past the exploration stage in an environmentally sound manner."

Mr. Hegarty has more than 15 years experience in indigenous, environmental and regulatory affairs, focused on mining in Yukon. He began his career working as a project manager on development-stage projects preparing for environmental assessment with BC Hydro and Port Metro Vancouver in British Columbia, followed by the Kudz Ze Kayah mine development in Yukon. Most recently, he served as vice-president at C3 Alliance Corp., a Canadian-based consultancy that works with first nations communities, resource companies and government to identify and enact mutually beneficial solutions for resource development. Prior to this, he worked as a consultant to Newcrest Mining on the implementation of its project agreements with first nations on their operating Canadian assets, and as vice-president of the Dena Nezziddi Development Corp., the economic and business development arm of Yukon-based Ross River Dena Council, which is a Kaska Nation. Mr. Hegarty holds an MSc in environmental and infrastructure planning from the University of Groningen and a BSc in spatial planning and environmental management from the Technological University Dublin.

The new role will focus primarily on advancement and derisking of the Valley target and other targets in areas beyond of geological exploration, with key responsibilities including strengthening existing working relationships with first nations, governments, communities and other key contacts, overseeing advanced permitting, planning and managing environmental baseline work, and engaging with technical advisers on other aspects of early project development.

About Rogue

The Valley target on Snowline's flagship Rogue project is a newly discovered, bulk tonnage style, reduced intrusion-related gold system (RIRGS), with geological similarities to multimillion-ounce deposits currently in production such as Kinross's Fort Knox mine in Alaska and Victoria Gold's Eagle mine in Yukon. Early drill results demonstrate unusually high gold grades for such a system, present near surface across drill intersections of hundreds of metres. 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-suite intrusion. Valley is an early-stage exploration project without a resource estimate, and while initial results are encouraging, the presence or absence of an economically viable orebody cannot be determined until additional work is completed.

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. The Rogue project is thus considered by the company to have district-scale potential for additional reduced intrusion-related gold systems.

About Snowline Gold Corp.

Snowline is a Yukon-territory-focused gold exploration company with an eight-project portfolio covering greater than 333,000 hectares. The company is exploring its flagship greater-than-94,000-hectare Rogue gold project 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, including Kinross's Fort Knox mine, Newmont's Coffee deposit and Victoria Gold's Eagle mine. The company's first-mover land position and extensive database provide a unique opportunity for investors to be part of multiple discoveries and the creation of a new gold district.

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