Snowline Gold (TSX-V: SGD) reported today intersects of 553.8 m of 2.5 grams per tonne gold from surface including 5.0 grams per tonne gold over 132.0 m along with robust mineralization at depth at the Valley target on its Rogue Project in Canada’s Yukon Territory.
Snowline traded up 13% to $5.57 a share.
“Drill hole V-23-039 is the best drill hole reported at the Rogue Project’s Valley target to date, and it ranks among the best drill holes ever drilled for gold in the Yukon," said CEO Scott Berdahl. "Along with V-23-037—which would have otherwise been the target’s best hole—it confirms and builds upon the strong continuity and grade of the Valley gold discovery across significant distances beginning at surface. The grades are exceptional for a reduced intrusion-related gold system, where resource grades for most known deposits are well below 1 g/t Au."
