Snowline Gold - Q1 Recap: Drill Results, Upcoming Resource Update, Over $63 Million in The Treasury
Scott Berdahl, CEO of Snowline Gold (TSX.V:SGD - OTCQB:SNWGF) joins me to recap key developments from Q1 and outline what’s ahead for this Yukon-focused gold explorer.
The company drilled 35,000 meters in 2024, including 25,000 meters at the Valley deposit, on the Rogue Project, which already hosts a 7.3 million ounces of gold resource. Recent results include 617 meters of 1.7 g/t gold from surface, with 202 meters at over 3 g/t. All the drilling from last year will factor into an updated resource estimate coming in the near term.
Scott also discusses Valley’s high-grade starter zone, the potential for additional high-grade pockets within the system, and progress on the Preliminary Economic Assessment (PEA). With over $63 million in the treasury following a $20M financing, Snowline is fully funded through 2026.
Looking ahead, five rigs will return in May for a similarly sized drill program focused on advancing Valley and testing regional targets. Scott shares how early discoveries and consistent geology continue to support the district-scale opportunity Snowline is targeting.
If you have any follow up questions for Scott please email me at Fleck@kereport.com.
