Valley Deposit Has Consistent Mineralization From Infill Holes

VANCOUVER - Snowline Gold Coporation reported further results from its 2024 drill campaign on the Valley deposit along with analytical results at its nearby Aurelius target on the Rogue Project, Yukon. At Valley, holes V-24-105 and V-24-111 delivered strong, consistent mineralization from infill holes in gaps along the margins of the high-grade, near-surface core of the deposit. Additional expansionary holes delivered broad intervals above the cut-off grade used in the initial Mineral Resource Estimate (MRE) for Valley, including mineralization outside of the resource-limiting pit shell. These results will help to inform an updated MRE for Valley anticipated in the coming months. Results are pending for an additional >7,200 m of drilling in 17 holes across two different targets: Valley (Rogue Project) and Jupiter (Einarson Project).

"It is encouraging to see how well the Valley gold deposit holds up to the scrutiny of additional drilling, with highlight holes consistently appearing as we fill in the blanks," said Scott Berdahl, CEO & Director. "Each round of results has brought large intervals with strong gold grades. We are gaining confidence and pushing the boundaries of our understanding of this unique and continuous near-surface gold deposit.

"At our nearby Aurelius target, we are intrigued by the widespread gold anomalism encountered on surface and in Phase I drilling. The hunt will continue, at Aurelius and at other targets, building on our expanding data and knowledge bases as we seek to establish a new gold district in the fertile and proven Selwyn Basin rocks around Valley."