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Snowline Gold plans to launch fully funded exploration program at its flagship Einarson and Rogue projects in Yukon

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Snowline Gold Corp (CSE:SGD) (OTCPINK:SNWGF) has said that it will initiate a fully funded 2021 exploration program in the first week of June at its flagship Einarson and Rogue projects in Yukon’s metal-rich Selwyn Basin, in Canada.

The Yukon territory-focused gold exploration company said that discovery-stage drilling at Einarson and Rogue is designed to follow up multiple zones of high-grade gold found on surface, which included up to 34 grams per metric ton (g/t) of gold (Au) at Einarson, and up to 152 g/t Au at Rogue.

“Geological programmes will also include the assessment of structural and lithological controls on mineralization in the region,” said the company.

READ: Snowline Gold significantly expands property holdings in Yukon’s Selwyn Basin

Separately, Snowline said its coronavirus (COVID-19) operational plan has been approved by the Yukon government and will safeguard its employees and the communities in which it operates.

Significantly, Snowline noted that it has been awarded a $40,000 grant from the Yukon government to support its initial exploration of the nearby Ursa project.

“We have a lot to look forward to this season,” Snowline Gold CEO Nikolas Matysek said in a statement. “Our initial exploration campaign is set to test some very low hanging fruit, including some previously untested areas. We’re excited to put the initial drill holes in at Einarson’s ‘Mars NE’ zone and Rogue’s ‘Valley’ zone, both of which have significant potential.”

Meanwhile, Snowline Gold’s COO Scott Berdahl pointed out that limited exploration to date in the broader Rogue, Einarson and Ursa area has focused largely on “constrained targets and deposit models.”

“We’ve recognized the potential for a continuum of near-surface gold deposit types across these three adjacent Selwyn Basin projects,” said Berdahl. “Possible end-member analogues include some of the world’s better-known districts and deposits, like Nevada’s Carlin trend and Australia’s Fosterville and Bendigo districts for Einarson, Alaska’s Fort Knox deposit for Rogue, and Russia’s Sukhoi Log deposit for Ursa.”

Snowline’s seven-project portfolio covers more than 90,000 hectares (222,394 acres). The company noted that it is well funded to explore its Einarson and Rogue gold projects with drilling in June.

“The 2021 drill program will test the Mars NE zone, a 3-kilometre zone of anomalous gold in soils accompanied by three interpreted source areas for mineralized quartz float, which assays in the range of 1 to 7 g/t Au, up to a maximum of 25 g/t Au,” said the company.

Early season geochemical, drone surveying, trenching and mapping work at Mars NE will allow for efficient use of the drill and increase the odds of a successful drill discovery. Additional mapping and sampling will identify the source area for another mineralized quartz float train in the Avalanche Creek zone, said the company. Twenty-two grab samples of the float train averaged 7.8 g/t Au and graded up to 34.2 g/t Au.

Meanwhile, at the 11,000-hectare (27,181-acre) Rogue project, grid and contour geochemical sampling is planned to infill data gaps at the Valley zone, prior to the start of drilling later in the summer. Here surface grab samples with visible gold have assayed up to 152 g/t Au and a single soil line yielded a gold-in-soil value of 4.6 g/t Au.

“Drone supported, high-resolution orthophotography and digital elevation model generation will provide a baseline for mapping and geochemical sampling,” said the company. A second drone survey will provide detailed magnetic information over the Valley zone. The information will be used for targeting first pass drilling in the Valley zone.

“Contour soil sampling, prospecting and geological mapping will be performed across the greater Valley-Gracie trend, and on secondary claim blocks, to assess for additional targets,” said the company.

Meanwhile, Ursa’s proximity to Snowline’s Rogue and Einarson projects will allow for “efficient exploration” during the 2021 field season, said the company. Geochemical sampling, prospecting, and mapping are planned to better understand the sources of the gold and base metal anomalies.

Contact the author Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/950488/snowline-gold-plans-to-launch-fully-funded-exploration-program-at-its-flagship-einarson-and-rogue-projects-in-yukon-950488.html


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