Promising Quartz-Sulphide Veins In 460 Meter Step-Out At Jupiter
VANCOUVER - Snowline Gold Corporation reported on exploration activities on the Einarson and Rogue projects. Holes J-21-020 and J-21-021, the final two holes of an expanded 4,300 m phase I drill program on Einarson's Jupiter zone, intersected sulphide-bearing quartz-carbonate veins in a 460-meter step-out testing what may be a parallel structural corridor. Assay results from these holes are not anticipated for some time due to laboratory back-logs, but the Company recognizes the presence of such mineralization to be a significant positive indication of the potential of the Jupiter zone.
"With such a big step-out, we were swinging for the fences," said Scott Berdahl, CEO and Director. "While we don't yet have assays for these holes, it's starting to look a bit like a home run. This hole hit similar veins, alteration and gold pathfinder minerals to those of our recent J-21-011 discovery hole some 1.1 km to its south. It is almost as good as we could hope for. This caps off a very successful Phase I drill program at Jupiter, with exciting intervals already in hand and most assay results still forthcoming. We look forward to returning to Jupiter next year"
Hole J-21-020, drilled at an azimuth of 250° and dipping -50°, encountered multiple zones of arsenopyrite and pyrite including a 9.2 m zone of trace to high concentrations of arsenopyrite from 101.5 m to 110.7 m downhole, with abundant quartz veining from 106.5 m to 110.0 m. Hole J-21-021 was drilled from the same pad as J-21-020, also at an azimuth of 250°, but with a steeper dip of -75°. It encountered a similar zone of quartz veining from 98-105 m depth with abundant pyrite, but it lacked obvious occurrences of arsenopyrite.
Jupiter is thought to represent an epizonal orogenic gold system. It is one of nine target zones prospective for orogenic and/or Carlin-style gold mineralization currently recognized on Snowline Gold's 70%-owned, district-scale Einarson project. Adjacent projects Rogue and Ursa are prospective for intrusion-related gold and sediment-hosted gold and base metal deposits. No resources nor reserves have been calculated on any of these targets, and while current results are encouraging, they do not guarantee that economically viable ore bodies will be encountered at Jupiter or elsewhere.