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Snowline Gold - 2026 Outlook: Development, Drilling & District Scale Potential

The KE Report Jan 13, 2026

Summary

Snowline Gold is shifting from explorer toward developer in 2026 — its pre-feasibility study is underway alongside initial Yukon permitting on Valley.

About 14,000 metres of 2025 drilling awaits assay results — 11,000 metres at Valley plus 2,900 metres spread across five regional RIRGS targets on Rogue.

A $105 million treasury gives Snowline runway through to the feasibility study; 2025 spend was roughly $45 million, suggesting comparable 2026 outlays.

Regional targets Gracie, Aurelius, and Jupiter — reduced intrusion-related gold systems within roughly 12 kilometres of Valley — offer district-scale upside.

Key 2026 milestones are PFS delivery, a project description for Yukon permitting, and the remaining assays that could reshape the 2026 drill plan.

Key points on Snowline Gold Corp

  • CEO Scott Berdahl argues the pre-feasibility study at the Valley deposit is the critical path for 2026, with engineering, environmental and team-build work done in 2025 to de-risk it, and the company now entering the Yukon permitting process via a project description.
  • About 14,000 meters of drill results are still pending from the 2025 program, per Berdahl — roughly 11,000 meters at Valley (exploration, infill, condemnation and metallurgical holes) and about 2,900 meters across five regional targets on the Rogue project.
  • Berdahl says the company has a $105 million treasury entering 2026 after a $122 million Canadian raise in 2025, with 2026 spending expected to be similar to the $45 million spent in 2025, giving runway through the PFS and into the feasibility study.
  • Berdahl flags Gracie (about 4 km from Valley, an intact reduced intrusion-related gold target) and Aurelius (about 12 km northwest of Valley on the same structural corridor) as the most interesting regional targets for follow-up, with Aurelius drill results expected later this month.
  • Host Cory Fleck notes Snowline trades on the TSX as SGD and on the OTCQB as SNW GF, recapping 2025 milestones of about 30,000 meters drilled, a PEA on the Rogue project, leadership and board additions, $122 million Canadian raised, community/environmental awards, and a 240% share-price gain.

Scott Berdahl's takeaways

  • Top takeaway Berdahl argues that moving the Valley deposit through the pre-feasibility study and into early Yukon permitting via a project description is the critical path for 2026, even though a formal permit application is not imminent, because de-risking and project advancement are what drive value at this stage.
  • He expects 2026 spending to be similar to the roughly $45 million spent in 2025, possibly a bit higher, funded by the $105 million treasury, which he says gives runway through the PFS and into the feasibility study.
  • He highlights Gracie and Aurelius as the most promising regional targets, citing Gracie's geochemical and alteration footprint about 4 km from Valley and Aurelius's location about 12 km northwest on the same structural control that runs through Valley.
  • He says regional exploration in 2026 will likely be more focused than 2025 and biased toward targets that could benefit from the infrastructure Valley would eventually bring, lowering the bar on what those targets need to deliver.

Cory Fleck's takeaways

  • Top takeaway Host Cory Fleck frames Snowline as a standout in the sector, recapping 2025 milestones of about 30,000 meters drilled, a PEA on the Rogue project, leadership and board additions, a $122 million Canadian raise, community and environmental awards, and a 240% share-price gain.
  • Fleck presses for near-term news flow, drawing out the disclosure that about 14,000 meters of 2025 drill results are still outstanding, and suggests Snowline's 2026 task is to keep showing the market how much value the Valley project can generate.