Snowline Gold – One Of The Best Drill Results To Date, 519.6 Meters of 2.5g/t Gold At The Valley Zone, Rogue Project
Scott Berdahl, CEO and Director of Snowline Gold (TSX.V:SGD – OTCQB:SNWGF) (“Snowline” or the “Company”) joins me to recap the December 6th news release reporting drill results from the Valley Zone and Gracie Target on the Rogue Project, in Yukon. 3 holes from the Valley Zone were reported with hole 61 being the headline result of 519.6 m averaging 2.46 g/t Au, including 3.60 g/t Au over 265.6 m from surface. The other two holes, Hole 59 and 60 were in the south-eastern portion of the Valley Zone.
I have Scott compare the results from hole 61 to the best holes ever drilled on the Project. He notes the significance of the upper part of the hole which was the higher grade intercept and near surface. We also discuss what the Company has learned about the south-eastern part of the Valley Zone and growth potential in the area. This all ties into a discussion on the potential drill program for next year and what areas will be focused on.
On the cash front I have Scott provide an update on the cash position of the Company, which stands at around $35 million plus around $18million worth of warrants in the money. I also ask about the potential of another major, joining B2Gold, as a shareholder of Snowline.
Please email me if you have any follow up questions for Scott. My email address is Fleck@kereport.com.
Click here to read over the full news release.