Gold exploration company Snowline Gold has staked an additional 40,000 hectares (ha) of open ground on its Rogue Project in Yukon, Canada.
With the move, the company has secured nearly all remaining open mineral tenure over the regional geological feature comprising the Valley discovery and other gold targets.
Snowline said the staking expands the Rogue Project by 80% to 94,397ha. It also consolidates the 60km x 30km geological feature for systematic, comprehensive exploration.
Snowline Gold CEO and director Scott Berdahl said: “We know from our 2022 drill results at Valley that the Rogue Plutonic Complex has the necessary geological ingredients to produce a significant gold system.
“The Valley discovery highlights the geological potential of the rest of this regional-scale geological feature, where limited historical work and our own efforts have produced an abundance of intriguing results, anomalies and discoveries.”
The company’s total Yukon Territory mineral tenure could reach 333,900ha with additional targeted staking on the surroundings of its Cynthia, Einarson and Ursa projects.
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Berdahl added: “We have actively built, progressively and systematically, not just a first-mover position but effectively an ‘only-mover’ position in a fertile area that we believe has the potential to become a new gold district.
“We can now comprehensively and responsibly explore this area, focusing not only on advancing our existing targets but on making additional discoveries as well.”
The Rogue Project area comprises multiple intrusions similar to Valley Zone along with gold anomalism in stream sediment, soil and rock samples.
Snowline anticipates the project to hold gold district-scale potential for additional reduced intrusion-related gold systems.