SNOWLINE GOLD CORP. announce initial drill results from Phase I drilling at the Valley zone on its Rogue gold project in the Yukon Territory, Canada. Hole V-21-002 intersected a broad zone of gold mineralization associated with visible gold in sheeted vein arrays.

The hole averaged 1.01 g/t Au over 136.75 m from 35.25 m downhole, within a broader zone of mineralization averaging 0.85 g/t Au over 186.0 m from 31.5 m downhole. These results mark the in-situ discovery of a potentially significant gold system and demonstrate the fertility of the bulk-tonnage Valley gold target. Drill hole V-21-002 totalled 242 m in length and averaged 0.69 g/t Au over 239 m (excluding the top 3 m of overburden which was not assayed).

The hole ended in elevated to anomalous gold mineralization, with the final 6.5 m of drilling averaging 0.25 g/t Au, including 1.01 g/t Au over 0.5 m from 235.5 m. V-21-002 was collared in hornfels Ordovician siltstones of the Road River group on the edge of a newly-discovered Cretaceous-aged felsic intrusion belonging to the fertile Mayo plutonic suite. It was drilled obliquely towards the intrusion and encountered alternating zones of sediments and intrusive rocks, interpreted as dikes along the edges of the Valley stock. Gold is thought to be carried primarily in arrays of subparallel ("sheeted"), low-sulphide quartz veins present throughout the core, with the total volume of quartz in each sample acting as a control on grade.

Trace amounts of visible gold was observed in sixteen veins along the hole, commonly associated with bismuthinite. Valley is a discovery-stage bulk-tonnage prospect with no estimated resources nor reserves. It is still too early-stage to determine the size of the mineralized system nor whether it will prove to be economically viable.