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Thread: Snowline Gold Corp. (TSX-V: SGD) (OTCQB: SNWGF)

  1. #1

    Default Snowline Gold Corp. (TSX-V: SGD) (OTCQB: SNWGF)

    "Vancouver, B.C. – September 6, 2023 – Snowline Gold Corp. (TSX-V: SGD) (OTCQB: SNWGF) (the “Company” or “Snowline”) is pleased to announce that it has completed its previously announced “bought deal” private placement of 2,200,000 flow-through common shares of the Company (the “FT Shares”) at a price of C$7.50 per FT Share for aggregate gross proceeds of C$16.5 million (the “Offering”), including C$1.5 million from the exercise of the underwriters’ option. Each FT Share will qualify as a “flow-through share” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Existing shareholder B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) (“B2Gold”) participated in the financing to maintain their 9.9% interest in the Company.

    “We are encouraged by the strong support shown for this financing, both from existing shareholders including B2Gold and from a number of new, high-quality institutional shareholders,” said Scott Berdahl, CEO & Director of Snowline. “Our strengthened treasury allows us to advance exploration on the Rogue Project’s Valley discovery and on other targets and generative programs across our highly prospective gold portfolio. The funds provide certainty, and they open the door to greater flexibility as we move forward.”

    The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s projects in the Yukon Territory, on or before December 31, 2024, and to renounce all the Qualifying Expenditures in favour of the subscribers of the FT Shares effective December 31, 2023.

    The Offering was made through a syndicate of underwriters led by Cormark Securities Inc. and including SCP Resource Finance LP (collectively, the “Underwriters”). The Underwriters received a cash commission equal to 5% of the gross proceeds of the Offering (other than on certain orders on which a cash commission of 2.5% was paid).

    All securities issued in connection with the Offering are subject to a hold period of four months and one day from the closing of the Offering, in accordance with applicable Canadian securities laws, expiring on January 7, 2024.

    The securities issued under the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and were not to be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful."
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  2. #2

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    "SNOWLINE GOLD INTERSECTS 256.2 M OF 2.2 GRAMS PER TONNE GOLD AND 517.9 M OF 1.1 GRAMS PER TONNE GOLD, BOTH FROM SURFACE, AT ITS VALLEY DISCOVERY, ROGUE PROJECT, YUKON

    Hole V-23-048 returned 2.20 g/t Au over 265.2 m including 3.28 g/t Au over 100.2 m from surface (with the top 30.2 m averaging 5.03 g/t Au) in a 100 m step across strike to SW from previous hole V-23-039
    Hole V-23-045 returned 1.14 g/t Au over 517.9 m from surface in 102 m step across strike to NE from previous hole V-23-037, adding significant scale that remains open
    Multiple additional holes at Rogue Project’s Valley target demonstrate large intervals of strong mineralization outside the edges of previously known mineralization.


    Vancouver, B.C., September 11, 2023: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce additional analytical results from its ongoing drill program at the Valley target on its Rogue Project in Canada’s Yukon Territory. All ten holes encountered mineralization, with the nine holes drilled inside the intrusion returning continuous mineralization over downhole intervals ranging from 143.2 m to 517.9 m in length. Holes V-23-045 and V-23-048 returned 517.9 m of 1.14 g/t Au and 265.2 m of 2.20 g/t Au respectively, from surface. This expands the width of the high-grade, near surface core seen in previous holes, while V-23-045 also extends the depth of known mineralization in the east. Other holes add substantial volumes of known mineralization to the margins of the system as currently tested. Analytical results for an additional 19 holes (7,116 m) at Valley are pending, with drilling at Valley and other Rogue Project targets ongoing."
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  3. #3

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    "SNOWLINE GOLD INTERSECTS 372.9 M OF 1.5 GRAMS PER TONNE GOLD INCLUDING 212.4 M OF 2.1 GRAMS PER TONNE GOLD FROM SURFACE HIGHLIGHTING STRONG GRADE CONTINUITY AT ITS VALLEY TARGET, ROGUE PROJECT, YUKON

    Hole V-23-056 returned 372.9 m averaging 1.45 g/t Au, including 2.07 g/t Au over 212.4 m from surface, demonstrating strong continuity of near-surface >2 g/t Au grades across a large area on the Rogue Project’s Valley target
    Hole V-23-055 returned 359.4 m averaging 1.34 g/t Au from surface including 1.71 g/t Au over 132.5 m, extending near-surface >1 g/t Au mineralization by over 100 m towards the open northeast edge of the mineralized system at Valley
    Analytical results pending for 8,300 m from 21 holes (including one metallurgical hole at Valley) across 4 targets in addition to results of extensive surface exploration campaign.


    Vancouver, B.C., November 9, 2023: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce further analytical results from exploration holes drilled on its Rogue Project in Canada’s Yukon Territory. Holes drilled within the Valley intrusion show consistent gold mineralization across broad intervals from surface. Hole V-23-055 averages 1.34 g/t over 359.4 m downhole from surface and expands the known limits of near-surface >1 g/t mineralization by >100 m from previous hole V-23-047. Hole V-23-056 averages 2.07 g/t Au over 212.4 m downhole from surface, within a broader mineralized interval of 1.45 g/t Au over 372.9 m, demonstrating strong grade continuity between previous widely spaced holes with significant >2 g/t Au intervals that also begin at surface. Assays for more than 8,300 m of diamond drilling from Snowline’s 2023 exploration efforts remain pending. "
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  4. #4

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    "“The latest results from our Rogue Project’s Valley target further de-risk the discovery, adding to the known footprint of near-surface gold mineralization and demonstrating strong consistency of higher (>2 g/t Au) gold grades,” said Scott Berdahl, CEO & Director of Snowline. “Intervals of hundreds of metres averaging >1 g/t Au or even multiple grams per tonne gold have not only become the norm at Valley but are without exception among 32 holes drilled to date within a core area spanning up to 600 m by up to 400 m in the western part of the intrusion. This consistency results in higher efficiency and reduced risk in exploration, as well as in subsequent deposit modelling, in project development, and ultimately in responsibly and cost-effectively producing gold. We eagerly await assay results for 12 additional holes drilled in and around this zone at Valley, along with additional holes and surface work from other parts of our >330,000 ha land position.”

    See Snowline's website for more details.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  5. #5

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    "SNOWLINE GOLD INTERSECTS STRONG MINERALIZATION AT OPEN EASTERN EDGE OF ITS VALLEY TARGET, ROGUE PROJECT, YUKON, WITH DRILL RESULTS OF 383.0 M AT 2.0 GRAMS PER TONNE GOLD FROM SURFACE INCLUDING 107.5 M OF 4.0 GRAMS PER TONNE GOLD

    Hole V-23-066 returned 383.0 m averaging 2.00 g/t Au, including 107.5 m of 3.95 g/t Au from surface (with an interval of 16.0 m averaging 7.52 g/t Au), showing strong continuity of multiple-gram-per-tonne, near-surface gold mineralization across a gap in previous drilling.
    Holes V-23-065 and V-23-067 show high grades and strong consistency in the eastern part of the Valley target, returning 344.5 m averaging 1.14 g/t Au (including 1.60 g/t Au over 177.5 m) and 418.4 m averaging 1.62 g/t Au (including 2.91 g/t Au over 152.0 m) respectively, with the wider interval for each hole beginning from surface.
    Analytical results pending for 2,640 m from 8 holes (including one metallurgical hole at Valley) across two projects—Rogue and Tosh.


    Vancouver, B.C., January 15, 2024: SNOWLINE GOLD CORP (TSX-V: SGD) (OTC: SNWGF) (the “Company” or “Snowline”) is pleased to announce analytical results from three additional drill holes from its 2023 exploration campaign at the Valley target on its Rogue Project in Canada’s Yukon Territory. All three holes, collared near the open eastern boundary of Valley’s well-mineralized, near surface gold corridor, returned broad intervals of robust mineralization. Hole V-23-066 averages 2.00 g/t Au over 383.0 m downhole from surface, including 3.95 g/t Au over 107.5 m. Within this is one of the highest-grade sustained intervals seen to date at Valley, averaging 7.52 g/t Au over 16.0 m downhole. Hole V-23-067 averages 1.62 g/t Au over 418.4 m, including 2.91 g/t Au over 152.0 m with a higher grade zone of 5.58 g/t Au over 29.0 m. Assays for more than 2,640 m of diamond drilling from Snowline’s 2023 exploration efforts are forthcoming."

    More details at: https://snowlinegold.com/
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

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