Snowline Gld Stock Price, News & Analysis

Snowline Gold Corp. has successfully completed a non-brokered private placement, issuing 757,575 flow-through common shares at C$0.66 each and 8,783,783 premium flow-through common shares at C$0.74 each, garnering approximately C$7 million. The funds will be allocated toward exploration of the Company’s Yukon mineral properties, qualifying as Canadian Exploration Expenses. Each share purchase is accompanied by a warrant exercisable at C$0.75 until December 17, 2023. The deal strengthens Snowline's financial position for the upcoming exploration program.

Snowline Gold Corp. announced an over-subscribed private placement, increasing the number of Premium flow-through common shares to a maximum of 8,783,783 at C$0.74 per share, aiming for gross proceeds of up to C$6,500,000. Additionally, the company will issue 757,575 regular flow-through shares at C$0.66 each for up to C$500,000. Proceeds will support exploration in the Yukon Territory. The offering is expected to close on December 15, 2021.

Snowline Gold Corp. has announced a non-brokered private placement to issue up to 757,575 flow-through common shares at C$0.66, generating gross proceeds of up to C$500,000, and up to 6,081,081 premium flow-through shares at C$0.74, with gross proceeds projected at C$4,500,000. The funds will be allocated to advancing exploration on the company's Yukon mineral properties. The offering's closing is anticipated around December 15, 2021, pending approval from the Canadian Securities Exchange.

Snowline Gold Corp. reported assay results from its Jupiter zone, revealing significant gold mineralization. Notably, hole J-21-015 intersected a sulphide-bearing quartz-carbonate vein averaging 13.7 g/t Au over 3.6 m, with a peak of 25.2 g/t Au over 0.95 m. This hole was 153 m northwest of previous discoveries. Assays for five additional holes are pending, including J-21-020, which encountered visible gold. The drilling suggests an expanding gold footprint, although definitive widths remain undetermined.

Snowline Gold Corp. (CSE:SGD, OTCQB:SNWGF) announced significant gold assay results from its Phase I drilling at the Jupiter zone, Einarson gold project, Yukon. The highlight includes drillhole J-21-012, which returned 13.9 g/t Au over 6 m, with further intervals showing 45.0 g/t Au over 1.5 m. Drilling revealed multiple mineralized structures across a broad zone. Results from nine additional holes are pending, including J-21-020, which reportedly contained visible gold. The upcoming data could bolster the potential of the Jupiter discovery and support further exploration activities.

Snowline Gold Corp. has acquired five claim blocks in Yukon Territory, increasing its land position by 18% to approximately 106,500 hectares. This acquisition includes a historical dataset showing a 350 x 200 m zone with gold soil samples exceeding 1 g/t Au, enhancing its Ursa trend to over 30 km. The company will pay $100,000 and issue 1 million shares over time to the vendors, with a 2% net smelter returns royalty. CEO Scott Berdahl highlights the strategic importance of these claims for potential gold and base metal discoveries.

Snowline Gold Corp. (US OTC: SNWGF) reported its first two drill holes at the Valley target in the Yukon, revealing trace visible gold over significant lengths of 161 m and 242 m. A 900 x 150 m soil anomaly associated with gold content was identified, with soil samples showing grades up to 3.36 g/t Au. The company's exploration efforts include soil sampling and identifying auriferous quartz veins, leading to positive prospects for a gold district in the Selwyn Basin. However, actual resource potential remains uncertain until assay results are obtained, projected to take 1-2 months.

Snowline Gold Corp. (SNWGF) reported significant drilling results from the Jupiter Zone at its Einarson project in Yukon. Notable findings from drill hole J-21-011 include high-grade gold intervals of 13.2 g/t Au over 6.5 m, and 10.4 g/t Au over 5.0 m. The average gold grade found across 163.5 metres is 1.14 g/t Au. The ongoing drilling phase is nearing completion, with results from additional holes pending, indicating the potential for a substantial gold system. The company aims to further explore its promising gold project portfolio.