“In just two full exploration seasons, Snowline has advanced its Valley target from greenfield discovery holes to a robust multi-million-ounce gold deposit with continued exploration upside,” CEO Scott Berdahl said. “Valley has excellent potential for continued growth, as evidenced by broad intervals of 1-2 grams per tonne gold mineralization returned in drilling on multiple edges of the system.”
Major B2Gold (TSX: BTO) invested into Snowline early last year as drilling solidified the 1,100-sq.-km Rogue as part of the Tombstone gold belt arcing across the region. Kinross Gold’s (TSX: K; NYSE: KGC) Fort Knox mine in Alaska, and Victoria Gold’s (TSX: VGCX) Eagle, the Yukon’s only operating hard rock gold mine, are geologically similar. They’re in the same type of reduced intrusion-related gold system while Valley has much higher grades.
Other companies with projects in the Yukon’s part of Tombstone include Sitka…
