“The breadth, consistency and grade of near-surface gold mineralization at Valley continue to impress us,” Snowline CEO and director Scott Berdahl said in a release. “V-24-078 has set another very high bar…while holes from the southeast and northwest parts of the deposit show good near-surface continuity and grades.”
The results add to the strong momentum Snowline has enjoyed this summer, coming just over a month after assays at Valley exceeded the projections of its initial resource. Valley’s initial resource, released in June, showed the deposit is the largest in grade and contained metal in that part of the Tombstone gold belt that stretches under the region.
Snowline shares gained 4.6% to C$5.16 apiece on Tuesday morning in Toronto, valuing the company at C$820.1 million. Its shares traded in a 52-week range of C$3.88 to C$6.40.
Another result, in hole V-24-080 returned 485 metres at 0.91 gram gold from 5 metres…
