- Snowline Gold Corp. (SGD) reported additional preliminary gold assay results from its 2022 drill program at the Valley Zone on its Rogue Project in Yukon
- Three holes were completed for these latest assays, with low to average grades found throughout several intercepts
- One hole, V-22-032, was drilled further than the other two to test a previously defined system and found low grades of gold
- Further assay results are pending for more than 5,000 metres of drilling done on the zone
- Snowline Gold Corp. (SGD) is down 22.93 per cent and is trading at $2.97 per share as of 12:50 p.m. EST
Snowline Gold (SGD) reported additional preliminary gold assay results from its 2022 drill program on its Rogue Project in Yukon.
Three holes were completed for these latest assays, with low to average grades found throughout several intercepts.
One hole, V-22-032, was drilled further than the other two to test a previously defined system. The entire hole reached about 532.70 metres and ended in mineralized rock with low grades of gold.
Scott Berdahl, CEO and Director of Snowline Gold, stated,
“The shape, the size, and the distribution of grades that we’re seeing at Valley, with many of the highest grades encountered to date starting at surface, bode very well for the potential economics of the discovery.”
Further assay results from the company’s 2022 drill program are on the way, which includes more than 5,000 metres of drilling. Also, results from five holes from the neighbouring Gracie target are still pending.
The Rogue Project hosts several intrusions that are like the one recently found at the Valley Zone, which the company believes has the potential to be a district-wide system.
Snowline Gold Corp. (SGD) is down 22.93 per cent and is trading at $2.97 per share as of 12:50 p.m. EST.