Snowline Gld Stock Price, News & Analysis

Snowline Gold Corp. (OTCQB: SNWGF) reported significant gold-bearing quartz vein mineralization in the Valley Zone of its Rogue project in Yukon, covering an area of approximately 700 m by 800 m. The latest drilling revealed a central corridor with high vein densities, reaching up to 300 m wide and extending 430 m deep. All assays are pending, but the exploration team remains optimistic about the scale of the mineralization, with drilling ongoing and a third drill mobilized to further explore the area.

Snowline Gold Corp. has successfully completed the second tranche of its non-brokered private placement, raising C$2,927,866 by issuing 2,342,293 units at C$1.25 each. Each unit includes one common share and half a warrant, the latter exercisable at C$2.50 until August 2, 2024. Proceeds will support exploration in the Yukon Territory and general working capital. Crescat Capital LLC participated to maintain its interest, constituting a related party transaction. All securities are subject to a four-month hold period.

Snowline Gold Corp. has announced a five-year lease with Nacho Nyak Dun Development Corporation for a 27 kW solar generator at its Forks camp in the Yukon. This system, operational now, is expected to significantly reduce diesel consumption by up to 12,572 liters annually, leading to a 90% decrease in carbon emissions. The collaboration also supports economic impacts for the First Nations community. The project enhances operational efficiency, improves working conditions for employees, and exemplifies Snowline's commitment to sustainable practices and innovation.

Snowline Gold Corp. (CSE:SGD) (US OTC:SNWGF) has announced a non-brokered private placement to issue up to 7,000,000 flow-through common shares at C$1.40 each, raising up to C$9.8 million, and up to 12,342,293 units at C$1.25 each, for total proceeds of C$15.4 million. Proceeds will support exploration in the Yukon Territory and for general working capital. The offering is expected to close in two tranches, with specific conditions and a four-month hold period. The company's projects are positioned within the Tintina Gold Province, offering potential for significant discoveries.

Snowline Gold Corp. (CSE:GD, OTCQB:SNWGF) reports significant findings from drill hole V-22-007 at its Rogue Project's Valley Zone, encountering 415 m of intense mineralization including 26 visible gold instances. This drill represents a 340 m extension from previous drilling and confirms a robust mineralizing system. A second drill rig is now operational, having intersected mineralization in hole V-22-008, expanding the known mineralization footprint. Assay results for all holes are pending, indicating that while visual results are promising, full evaluations depend on the upcoming assays.

Snowline Gold Corp. (OTCQB: SNWGF) reports significant mineralization in its first drill hole, V-22-005, at the Rogue project's Valley Zone in Yukon, Canada. The hole has intersected sheeted quartz veins with visible gold, expanding the known mineralized corridor by 150 metres. Drilling is ongoing, with assay results pending. CEO Scott Berdahl emphasized the encouraging initial findings, yet the true significance awaits the assay data. Snowline has a seven-project portfolio in the Yukon, highlighting its potential for gold discoveries.

Snowline Gold Corp. announced the start of a significant 2022 exploration and drilling program at its Valley gold discovery in the Yukon, following a successful initial drilling season. A total of 8,000 metres of drilling is planned across multiple zones, including the Valley and Jupiter zones. The program aims to explore and expand known mineralization, with initial drilling focusing on areas previously identified as having high gold grades. Snowline aims to position itself as a key player in a potentially new gold district.

Snowline Gold Corp. (OTCQB:SNWGF) has staked 1,172 new claims, enhancing its Yukon land position by 22% to approximately 127,310 hectares. This expansion spans three projects and aims to bolster exploration efficiency by connecting existing claims and covering additional geochemical anomalies. A new 45-person camp is under construction for the 2022 field season, with drilling set to commence on June 1. Snowline aims to solidify its first-mover advantage in a promising gold district, building on successful discoveries from 2021.

Snowline Gold Corp. announces key appointments to its management team, naming Sergio Gamonal as Lead Geologist and Stephanie Hansen as Marketing and Investor Relations Manager. Gamonal, with over 15 years of experience at major mining firms like Barrick and Kinross, aims to leverage his expertise in advancing Snowline's gold exploration projects. Hansen, who has nearly a decade of marketing experience, will enhance the company's communication efforts to investors. These appointments are expected to bolster Snowline's strategic focus as it approaches its 2022 field season.