Snowline gold announces initial mineral resource at its valley gold deposit

Initial mineral resource estimate defined for the valley gold deposit, located on snowline's 100% owned rogue project in the yukon territory, canada: indicated mineral resource: 76 mt at 1.66 g/t au for 4.05 million ounces inferred mineral resource: 81 mt at 1.25 g/t au for an additional 3.26 million ounces resource is constrained within a revenue factor 0.72 pit shell and reported above a 0.40 g/t au cut-off grade quality of discovery highlighted by continuous, non-refractory gold mineralization, with a significant component of higher-grade mineralization starting from bedrock surface (see table 3) providing strength and optionality for potential future development scenarios initial resource has clear potential for expansion, with open zones of 1-2 g/t au mineralization across multiple broad edges of the deposit and with abundant mineralization encountered beyond the limits of the current pit shell the valley deposit sits on 0.40 g/t gold) within internal shells incremental pit shells mineral resources and waste tonnage (t x 1000) gold grade (au g/t) contained gold (ounces x 1000) between surface & shell-1 indicated resources 25,463 2.45 2,006 inferred resources 13,533 2.16 939 waste material 3,304 between shell-1 & shell-2 indicated resources 22,129 1.46 1,041 inferred resources 22,250 1.22 870 waste material 19,274 between shell-2 & shell-3 indicated resources 13,916 1.25 559 inferred resources 25,291 1.03 837 waste material 48,450 between shell-3 & shell-4 indicated resources 14,328 0.97 446 inferred resources 19,965 0.96 614 waste material 69,096 mineral resource total indicated resources 75,836 1.66 4,052 inferred resources 81,039 1.25 3,260 waste material 140,124 table 2 highlights the low sensitivity to cut-off grades in valley's initial mre, demonstrating a resilience to increases in cost assumptions and to decreases in the price of gold. using the current cost assumptions, for example, the break-even price of gold for the 0.6 g/t au cut-off would be us$1,350 per ounce.
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