Snowline Gld - SNWGF STOCK NEWS

Snowline Gold Corp. (CSE:SGD) (OTCQB:SNWGF) reported positive initial drill results from its Jupiter Zone at the Einarson project in Yukon, intersecting mineralization in all 15 holes drilled across a 930-metre soil anomaly. Notable findings include 3.96 g/t gold over a 7.05-metre interval in hole J-21-006 and 4.10 g/t gold over a 4-metre interval in hole J-21-007. Additional assays are pending for holes J-21-008 to J-21-011, which showed broader zones of mineralization. The results indicate the potential for a large, robust mineralizing system at Jupiter.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) has successfully completed a non-brokered private placement, raising C$999,999.70 through the issuance of 2,857,142 Units at C$0.35 each. Each Unit includes one common share and half a warrant, exerciseable at C$0.53 until July 16, 2023. Proceeds will be used to advance the Ursa gold project. Crescat Capital maintains a pre-emptive right to retain its stake as long as it holds more than 2% of the shares. All securities are subject to a four-month hold period, expiring on November 17, 2021.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) has secured a strategic investment from Crescat Capital LLC as part of a C$1,000,000 non-brokered private placement. The funds will support the Ursa gold and base metals project and a 1,500 metre diamond drill programme. This placement aims to enhance exploration in the Selwyn Basin, Yukon. Crescat will own approximately 6.7% of Snowline post-offering. The Ursa project showcases significant geochemical anomalies, indicating potential for substantial mineral discovery.

Snowline Gold Corp. announced positive results from its Phase I drilling at the Jupiter Zone, with all nine holes intersecting a near-surface mineralized structure over a 230-meter strike length. Drilling has recovered 1,560 meters of core, with widths ranging from 0.2 to 21.7 meters, and assay results are pending. The initial findings suggest potential for an extensive gold-bearing system, with the company also advancing exploration at the Rogue Project. Full assay results are expected by mid-August, providing further insights into the mineralization's significance.

Snowline Gold Corp. (CSE:SGD)(OTCQB:SNWGF) announced the appointment of Matthew Roma as Chief Financial Officer (CFO) and Corporate Secretary, effective immediately. With over 10 years of experience in financial management, predominantly within junior mining, Roma's expertise follows Natasha Tsai stepping down to pursue other opportunities. Additionally, the company granted 700,000 stock options to directors and consultants, exercisable at C$0.35 until July 2026. Snowline Gold continues to explore its significant portfolio in the Yukon Territory, focusing on its flagship Einarson and Rogue projects.

Snowline Gold Corp. has announced its common shares' approval for trading on the OTCQB Venture Market, commencing under the symbol SNWGF. This upgrade reflects the company's commitment to high financial standards and governance. Snowline, focused on gold exploration in the Yukon Territory, holds a significant 7-project portfolio covering over 90,000 hectares. Its flagship projects, Einarson and Rogue, in the Selwyn Basin, are set for drilling in June 2021, tapping into a region known for substantial gold deposits.

Snowline Gold Corp. (SNWGF) has initiated drilling at the Einarson gold project in Yukon, targeting the newly defined Jupiter zone, which is 3 km long and shows significant gold potential, with surface boulders assaying up to 25.2 g/t Au. The first drill program will consist of 1,500 meters of diamond drilling to assess mineralization along this promising structure. A second phase is planned to further explore other targets within the extensive 61,000 hectare property. Ongoing exploration efforts also include trenching and mapping at the Rogue project.

Snowline Gold Corp. has announced a fully funded 2021 exploration program to begin in June, focusing on its Einarson and Rogue projects in Yukon, Canada. The drilling will target high-grade gold zones, with historical surface samples showing up to 152 g/t Au. The Yukon Government has approved Snowline's COVID-19 operational plan and awarded a $40,000 grant for initial exploration at the Ursa project. Exploration will also involve regional assessments to identify further mineralization opportunities across its seven-project portfolio.

Snowline Gold Corp. has announced its 100% owned Ursa project in Yukon, covering 7,755 hectares. The project features a 9 km gold anomaly associated with pyrite in black shales and a 14 km trend of elevated zinc and other metals. Ursa's geological setting is comparable to the Sukhoi Log gold deposit, which hosts 67 million ounces of gold. The company plans exploration activities in 2021 to further assess these geochemical trends.