Snowline Gold’s (CSE:SGD) CEO, Scott Berdahl, spoke to Sonia Madigan from The Market Herald about the company’s recent gold discovery at the Rogue Project in the Yukon.
Results from a new discovery, the Valley zone, showed visual gold in a drill core sample, which the company stated is encouraging for the vein’s density. An additional 3,000 metres of drilling has been planned for the rest of this year, with one drill turning and another being mobilized.
The company has identified five targets at Rogue, including the Valley zone, which boasts a two-kilometre anomaly overlying a freshly discovered intrusion. It also drilled a small section of Valley which showed mineralized continuity.
The Rogue Property holds 442 mineral claims, which are entirely owned by Snowline Gold. The main block covers a trend hosting anomalous gold. Along this area are two suspected members of the Tombstone suite, the set of intrusions responsible for multi-million-ounce related gold systems like the ones at Fort Knox, Alaska and Eagle, Yukon.
Due to exploring in such a remote location, the company deals with its own unique challenges, but the results seen thus far have been encouraging, which it believes supports the ongoing work. The dollar per ounce discovered figure is compelling.
Snowline Gold expects a short-term bumpy ride with the rest of the market during the current global turmoil but envisions a medium-term potential for gold as a stable retaining asset.
