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.
Agree…………… will the Whales be buying???
ENDEAVOUR…..
Endeavour’s Peruvian Expansion Confirms Growing Risks in Mexican Mining
Endeavour’s Defensive Pivot: Abandoning this playbook to enter Peru – implies diminished confidence in Mexico’s stability.
Endeavour Silver’s $145 million acquisition of Peru’s Kolpa mine serves as a strategic pivot that aligns with analyst Jon Little’s warnings about rising jurisdictional risks in Mexico under President López Obrador’s Morena party. This move reflects a calculated effort to diversify geopolitical exposure amid Mexico’s escalating resource nationalism and leftist policy shifts. Here’s how the transaction validates Little’s theory:
I think you may be correct on your call Jerry, the other day I reported on Equinox gold’s closing of The Los Filos mine also in Mexico. The socialists feel entitled to a bigger slice of the pie, as always it ends badly for the country. DT
DT,,,,,,,,,,,thanks for the comment ….
https://ibb.co/jmTJcsb
S&P 500 3x ETF
Quick Pic
If replicating 1929, much farther down
for a few days into next week.
(New low: 129.80).
GDX & GDXJ are holding up well.
Relatively unchanged.
Kinross (KGC) and Harmony (HMY) rose!
Newmont releases its first quarter 2025 earnings report. This will be an important gauge to assess profitability in this industry. DT
Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) will release its first quarter 2025 results after North American markets close on Wednesday, April 23, 2025. A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time the same day, which is 7:30 a.m. Australian Eastern Standard Time on Thursday, April 24, 2025. A replay of the webcast will be available through the Company’s website.