(Kitco News) - Finding gold mineralization at scale and continuity was among Snowline Gold’s (TSXV:SGD) top 2023 accomplishments, says CEO and Director Scott Berdahl.
In February Berdahl spoke to Kitco Mining at the BMO Global Metals, Mining & Critical Minerals Conference 2024 in Hollywood, Florida.
Snowline Gold is one of the most exciting exploration plays to emerge out of the Yukon. A 2023 hole returned 2.5 grams per tonne gold over 553 meters at the Valley discovery, making it one of the best drill holes ever drilled in the Yukon Territory’s 125-year history.
Snowline Gold’s Rogue project also stands out for its planned use of solar power. The company received the 2023 Robert E. Leckie Award for Excellence in Environmental Stewardship from the Yukon government.
Berdahl received Kitco Mining’s CEO of the Year Award in the non-producing category.
He suggested the Rogue project has expansion potential: “It's still growing as we step out and test open edges of that system, and more broadly we've established the presence of a district.” The company has staked over 3,000 square kilometers.
The Rogue Plutonic Complex hosts a 60- by 30-kilometer area of small and large intrusions that are like Valley in their geology, geochemistry and gold anomalism.
“We found some really compelling targets on a regional scale that suggest that Valley may not be alone out there,” Berdahl said. New target Aurelius, announced on Feb. 20, is a 2,000- by 500-meter zone located 12 km northwest of Valley. Two outcrop chip samples averaged 2.01 g/t Au over 17m and 2.31 g/t Au over 14m respectively.
This year, Snowline Gold plans to establish a mineral resource at Valley, including delineating the higher-grade, near-surface zone. In 2023 B2Gold (TSX:BTO) invested CAD$19.2 million in the company. Snowline currently has $35 million in the treasury plus $15 million in warrants.
Coverage of the BMO Global Metals, Mining & Critical Minerals Conference sponsored by First Majestic Silver (NYSE:AG).
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