SNOWLINE GOLD CORP announce additional analytical results from its ongoing drill program at the Valley target on its Rogue Project in Canada's Yukon Territory. All ten holes encountered mineralization, with the nine holes drilled inside the intrusion returning continuous mineralization over downhole intervals ranging from 143.2 m to 517.9 m in length. Holes V-23-045 and V-23-048 returned 517.9 m of 1.14 g/t Au and 265.2 m of 2.20 g/t Au respectively, from surface.

This expands the width of the high-grade, near surface core seen in previous holes, while V-23-045 also extends the depth of known mineralization in the east. Other holes add substantial volumes of known mineralization to the margins of the system as currently tested. Analytical results for an additional 19 holes (7,116 m) at Valley are pending, with drilling at Valley and other Rogue Project targets ongoing.

Hole V-23-045 is collared within the Valley intrusion as a 100 m step back along section from V-23-037 (383.3 m @ 2.47 g/t Au from surface including 120.0 m @ 4.06 g/t, see Snowline news release dated August 3, 2023). This step direction is perpendicular to the dominant trend of mineralization, which strikes northwest-southeast. Thus, the results add to the previously known width of the system, which remains open.

The hole is collared 67 m from the nearest hole, V-22-029 (558.7 g/t Au @ 1.26 g/t Au, see Snowline news release dated February 24, 2023). The hole ends in patchy lower grade mineralization and fault gauge within a fine-grained, porphyritic phase of the granodiorite. The hole encountered a continuous zone of quartz vein mineralization in granodiorite over 517.9 m downhole from bedrock surface at 3.1 m, averaging 1.14 g/t Au along this length and showing a high degree of continuity.

Within this zone, a 125.5 m downhole interval beginning at 196.5 m averages 1.75 g/t Au. Another interval of 16.5 m downhole beginning at 406.0 m depth averages 5.07 g/t Au. Instances of trace visible gold were noted in quartz veins throughout the length of the hole.

Capping grades at 10.0 g/t Au reduces the average grade of mineralization within the broader interval only 2.4% to 1.11 g/t Au. V-23-045 is the northeastern-most hole testing Valley's well-mineralized corridor to date, and it extends the envelope of known >1 g/t Au mineralization considerably in this direction, where it still remains open. The hole also carries mineralization to depth, further expanding the known vertical footprint and highlighting the vertical exploration potential within the Valley intrusion.

Hole V-23-048 is collared within the Valley intrusion as a 95 m step along section to the southwest of V-23-039. Mineralization within V-23-048 is robust and consistent, averaging 2.20 g/t Au over 256.2 m, including a higher-grade zone averaging 3.28 g/t Au over 100.2 m from bedrock surface at 8.8 m downhole. The top 30.2 m of the hole, measured downhole from bedrock surface, averages 5.03 g/t Au.

As with many other holes at Valley, this grade profile sees the highest grades of the system beginning at surface. Despite the high grades, only one assay exceeded 10 g/t Au (10.1 g/t Au over 1.0 m from 23.0 m downhole). Grade capping at 10.0 g/t thus has virtually no effect on results.

As with other holes seen at Valley, this underscores the remarkable grade continuity within the system. The hole crosscuts abundant sheeted quartz veins within the intrusion, in places carrying trace amounts of visible gold within the veins. It exits the intrusion into lightly mineralized hornfels and a series of 1-2 m wide dikes at 255.9 m downhole.