New Reduced-Intrusion Related Gold Target At Rogue Project

VANCOUVER – Snowlike Gold Corp. announced discovery of a new reduced-intrusion related gold system (RIRGS) target 12 km from its Valley discovery on its Rogue Project in the Yukon Territory, Canada. Analytical results received from the 2023 surface exploration program at the Company’s new Aurelius target reveal an open, 2,000 m long by up to 500 m wide zone of anomalous gold values in talus fines and soils, with concentrations of up to 14.9 g/t Au complemented by anomalous values for RIRGS pathfinder elements bismuth and tellurium. Rock chip samples from outcrops roughly 235 m apart averaging 2.01 g/t Au over 17.0 m (open) and 2.31 g/t Au over 14.0 m (true widths not known) demonstrate the potential for significant scale and a local source to the anomaly. Based on these results, Aurelius is a high priority exploration target at Rogue and a potential drill target in Snowline’s upcoming 2024 exploration program.

“We are excited to see such strong and consistent gold numbers from the field team’s discovery at Aurelius,” said Scott Berdahl, CEO & Director. “The scale, consistency and geochemistry of the surface anomaly-which remains open-demonstrates a strong gold-bearing hydrothermal system driven by a nearby intrusion. The outcrop samples show that the country rock hosts gold mineralization, a typical feature of reduced-intrusion related gold systems. Thus, we have two immediate exploration targets: country rock-hosted mineralization directly outcropping at Aurelius and driving the gold anomalism over a large area, and the potential for an intact, near-surface Valley-like intrusion-hosted target. Valley itself is visible from the new target along a prominent structural corridor that connects the two locations-we consider Aurelius a prospective location for a sibling discovery.”

The Company plans to follow up on the target aggressively in 2024, with additional surface sampling and mapping, an airborne ZTEM geophysical survey to assist in targeting, and potentially Phase I drilling.

Historical work at Aurelius is sparse. The “Horn” mineral occurrence (Yukon Minfile 105O 010) roughly 1 km west of Aurelius was noted and sampled as a copper occurrence in 1970. In 1982, two soil lines intersected parts of the anomaly, returning high gold values that have not been directly verified by the Company. Snowline had previously identified the broader area west of the Old Cabin pluton, including Aurelius, as a primary target area for exploration based on historical results and magnetic anomalism. The discovery of Aurelius marks the delineation of a new RIRGS target on the Rogue Project.

With steep, rocky terrain and poor soil development on parts of Aurelius, many surface geochemistry samples are classified as talus fines. Talus fines samples are produced by mechanical weathering of rocks and are less modified by chemical weathering than typical soils. Some elements in talus fine samples may have stronger geochemical responses than soils from over a bedrock geochemical anomaly. Talus fine samples are also more susceptible to a sampling bias wherein more easily weathered mineralized zones, such as sulphide-rich veins, can contribute a larger portion of the talus fine sediment load than the more durable and relatively barren country rock, resulting in a concentration of associated elements like gold.