Snowline Gold significantly expands property holdings in Yukon's Selwyn Basin

Snowline Gold Corp (CSE:SGD) (OTCPINK:SNWGF) announced that it has staked additional claims, significantly expanding its land position around its fully-owned Rogue, Rainbow, Cynthia, and Ursa projects in mountainous east-central Yukon, in Canada. 

The Yukon territory-focused gold exploration company revealed that 782 new claims were staked in total for an additional 18,864 hectares. “This brings Snowline’s mineral tenure in the Yukon to 89,724 hectares across its seven projects,” said the company. 

The company explained that the new claims were “strategically staked” to cover structures, trends, and gold anomalies that extended beyond the bounds of its original holdings. The enhanced land position cements Snowline’s cornerstone position in an emerging gold district in the prospective Selwyn Basin. 

READ: Snowline Gold outlines exploration plans for its newly acquired Cynthia gold property in Yukon

“Snowline launched with seven high-quality exploration projects throughout the Yukon and an extensive privately-owned exploration database built over decades,” Snowline Gold CEO Nikolas Matysek. 

“A comprehensive geological review led by Dr Quinton Hennigh and Dr Craig Hart determined that the bulk of Snowline’s properties may only cover the tip of the iceberg. This new staking has expanded Rogue, Rainbow, Cynthia, and Ursa’s footprint to better cover high priority exploration targets and to cement Snowline’s cornerstone position in the Selwyn Basin.”

The company said the staking has expanded the Rogue Project by 4.6 times to 11,227 hectares covering high priority gold targets that Snowline is intending to further explore in the upcoming season.

Snowline’s mineral tenure at Rogue was significantly increased with the staking of 321 new claims in three blocks – Arrowhead, Old Cabin and JP -targeting reduced intrusion-related gold systems associated with members of the Cretaceous-aged Tombstone Plutonic Suite.

Similarly, the staking has expanded the Rainbow Project 10 times, now totalling 1,255 hectares. Rainbow covers a gold and pathfinder element soil anomaly associated with surface alteration. “Staking expands the property to include parts of the historical soil anomaly previously outside its boundaries, including a northwest zone with anomalous gold in soils to 0.93 grams per metric ton (g/t) gold, silver in soils exceeding a 100 g/t assay limit, and anomalous bismuth, tungsten and antimony. The new land position also covers a 3km magnetic signature extending eastward from the soil anomaly.

Meanwhile, recent staking has expanded the Cynthia Project 6 times, now totalling 1,399 hectares. “This staking gives secures a wider margin around known mineralized zones, and covers additional prospective ground on the altered shoulders of two intrusive exposures,” said the company.

Lastly, the recent staking “has expanded the Ursa Project 54 times, now totalling 7,755 hectares,” according to the company.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Story by ProactiveInvestors