Snowline Gold Corp Enhances Ownership of Major Gold Project and Acquires Adjacent Target

Snowline Gold Corp has announced the acquisition to consolidate 100% ownership of its Einarson Project in Yukon, which includes the Jupiter gold discovery. This strategic move also involves the purchase of an adjacent gold target known for a historic high-grade drill report of 9.67 grams per tonne gold across 38.7 meters. The company’s recent actions have expanded its land holdings by 22,000 hectares, bringing its total to over 360,000 hectares.

This acquisition not only strengthens Snowline's control over its existing projects but also adds significant potential with the inclusion of the Venus gold target. Despite unverified historical results, this brings promise to the portfolio. CEO Scott Berdahl highlighted the importance of these gold targets in reinforcing the company’s base in the Yukon region.

Financial details include a C$1,200,000 cash payment and over a million in Snowline shares to a third-party vendor. The agreement also stipulates potential substantial cash bonuses tied to resource estimates that exceed one million ounces of gold.