is pleased to announce it has staked additional claims, significantly expanding its land position around its 100% owned Rogue, Rainbow, Cynthia, and Ursa projects in the east central Yukon.
“Snowline launched with seven high quality exploration projects throughout the Yukon and an extensive privately owned exploration database built over decades” said the Company’s Chief Executive Office Nikolas Matysek.
Elsewhere, a soil sample returned 1.32 grams per tonne gold where an inferred fault striking north northeast from the Gracie zone crosses a contour soil sampling line, some 3.5 km northeast of the central Gracie target area.
Streams draining the claim block consistently returned values in the hundreds of parts per billion gold., One particular stream draining from the magnetic anomaly returned gold-in-sediment values ranging from 233 to 1150 ppb Au.
The third block, JP, comprises 28 new claims above and around a 900 by 600 m exposure of an intrusive stock 7 km southwest of the Valley target.
Staking expands the property to include parts of the historical soil anomaly previously outside its boundaries, including a northwest zone with anomalous gold in soils to 0.93 g/t Au, silver in soils exceeding a 100 g/t Ag assay limit, and anomalous bismuth, tungsten and antimony.
Cynthia is along strike of the past producing Plata silver mine, and is within 8 km of an inactive heavy equipment winter access trail that connects to the North Canol Road.
Ursa cover a 9 km trend of anomalous gold in stream sediment and soil samples, thought to be associated with sulphide minerals hosted in tightly folded Cambrian and Ordovician shales and cherts.
It should be noted that all exploration results discussed above are historical in nature.
The Company is exploring its flagship 72,000 ha Einarson and Rogue gold projects in the prospective yet underexplored Selwyn Basin, with drilling expected to commence in mid-2021.
This news release contains certain forward-looking statements, including statements about the Company reviewing its newly acquired project portfolio to maximize value, reviewing options for its non-core assets, including targeted exploration and joint venture arrangements, conducting follow-up prospecting and mapping this summer and plans for exploring and expanding a new greenfield, district-scale gold system.
These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.