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Snowline Gold (CSE:SGD) CEO Scott Berdahl is ready to prove that its flagship Einarson #gold project in the #Yukon Territory, Canada has the potential to be a gold district.
“I’m happy to stand behind the claim because this is really a district scale area, just Einarsson itself initially covered it. The data footprint we have covers an area the size of Luxembourg. We have 100 kilometers north to south and 80 kilometers east to west with very little exploration prior to our work out there. We founded the company around the idea that this is a new gold district. and we couldn’t have asked for a better proof of concept. It certainly looks a lot like a gold district to us at this point,” said Berdahl.
The remaining assay results from Phase I drilling at the Jupiter zone on Snowline’s district-scale Einarson gold project revealed 8.3 grams per tonne gold over 4.7 metres including 22.1 grams per tonne over 1.1 metres in 460 meter step-over. Meanwhile, Snowline also intersected 1.27 grams per tonne over 108.0 metres in a second hole from its bulk-tonnage valley discovery at the Rogue Project.
According to Berdahl, their projects are both prospective and intriguing given all the discoveries they made.
“We’ll be revisiting the Einarson project with more drilling at the Jupiter discovery and we’ll have a second drill at a Rogue Project. We might also scale up the program and look at ways to sort of increase the pace of what we’re doing out there. We’re looking to get the drill back to Jupiter and move them on to secondary targets late in the season. We want to double down and make additional discoveries that we think are hiding out there.”
“We have the resources available plus a US$7 million raise that we closed in December. Our longer term objective is to prove that we really do have a gold district. I think that comes down to striking a balance between getting out there and exploring more of these targets. We will be doubling down where we have made big discoveries and starting to build those out. We want to show where these ounces are and what they look like and really prove that to the world.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
