Snowline Gold Corp Announces Significant Increase in Gold Ounces at Valley Deposit

Snowline Gold Corp, operating in the Yukon Territory, Canada, revealed a significant update to its Mineral Resource Estimate (MRE) for the Valley gold deposit. The updated MRE shows a 96% increase in Measured and Indicated gold ounces, totaling 7.94 million ounces at an average grade of 1.21 g/t Au. This represents substantial growth from the initial MRE in 2024, which only reported 4.052 Moz of Indicated resources.

The Valley deposit, part of their 100% owned Rogue Project, remains open to expansion. New drill tests suggest potential for discovering higher-grade gold zones. The resource quality is highlighted by a 40% conversion to Measured ounces. Snowline is also advancing a Preliminary Economic Assessment expected shortly, aimed at evaluating long-term mining potential.

The updated MRE utilizes data from 123 drill holes totaling 52,736 meters. Despite the newly classified Measured and Indicated resources, inferred resources stand at 0.89 Moz of gold, indicating further exploration opportunities.