Snowline Gold Discovers Four New Reduced-Intrusion Related Gold System Targets at its Rogue and Cynthia Projects, Yukon, with Visible Gold in Outcrop Samples to 86.5 Grams per Tonne Gold - Seite 2

LIVIA TARGET, ROGUE PROJECT

The Livia target comprises a cluster of at least three mineralized zones located roughly 3 km east of the Company's newly identified Aurelius target (see Snowline press release dated February 20, 2024) and 1-2 km west of the mid-Cretaceous Old Cabin pluton. The newly discovered gold mineralization occurs both within sheeted quartz veins hosted in <1 km diameter outcropping granodiorite stocks, and within silicified country rock (Figure 2).

Foto: Accesswire

Figure 2 - Plan view of the Aurelius and Liva targets, showing the known extent of anomalous gold values in surface geochemistry and the location of various rock samples. Zones of elevated to anomalous gold mineralization are present across an open 4 x 2.5 km area, centered roughly 3 km east of Snowline's Aurelius target.

Historical surface sampling of silicified country rock near the south end of Livia returned grab samples of up to 16 g/t Au. Follow up by the Company identified a 1000 x 300 m northeast-trending structural corridor defined by two parallel structures hosted in mudstone and volcanic rocks, extending northeast from the historical sample site. A continuous rock chip sample from the southernmost fault hosted in silicified mudstone returned 3.3 m @ at 5.12 g/t Au including 0.3 m @ at 14.40 g/t Au (and 39.9 g/t Ag) with similar silicification and pathfinder element association to the Aurelius target. Additional selective rock chip samples from 200 m to the northeast within the same corridor returned seven mineralized vein samples out of eight with an average of 4.47 g/t Au (up to 7.39 g/t Au).

Serendipitously, the granodiorite stocks at Livia were initially identified and mapped by Snowline's Chair Dr. Craig Hart during the field component of his undergraduate Honours thesis, before his role in developing the RIRGS deposit model. The stocks are hosted by the same volcanic and sedimentary rocks hosting mineralization at Aurelius and are located between steep NW-SE and N-S structures. Mineralization is characterized by sheeted quartz vein arrays with arsenopyrite and galena. A 110 x 50 m corridor of sheeted veins, with a vein density up to five veins per meter, was identified in one of these granodiorite stocks. This showing returned 18 mineralized vein samples out of 19 (Figure 2), hosted both in granodiorite and the surrounding hornfels lithologies, with an average of 2.22 g/t Au (up to 7.17 g/t Au, and 41.4 g/t Ag).