General Disclaimer
Welcome to the website (this “Website”) of Snowline Gold Corp. ("Snowline” or the "Company")Your use of this Website is governed by applicable law and is subject to the disclaimers and terms of use set forth below.
This Website is purely a public resource of general information about Snowline and is not intended to be a comprehensive review of all matters and developments concerning the Company.. Users should not rely on information on this Website for any purpose other than for gaining general knowledge about Snowline and, without limiting the generality of the foregoing, should not be used for the purpose of making investment decisions concerning Snowline. Material may be changed or updated and access to this Website may be subject to interruptions and downtime without notice.
Website is Provided as a Service Only
The information contained on this Website should not be construed as a prospectus; a support to any capital raising activity; an invitation, solicitation or advice to anyone in any respect or of any kind; or an offer of any securities for sale or an offer to sell or the solicitation of an offer to buy any securities or instruments of Snowline or any of its associates in any jurisdiction. No securities commission or other regulatory authority in Canada or any other country or jurisdiction has in any way passed upon the merits of this information and no representation or warranty is made by Snowline to that effect. The information on this Website is not intended to modify, qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to Snowline.
Cautionary Note Regarding Forward-Looking Information
Except for statements of historical fact, this Website may contain “forward-looking information” within the meaning of applicable Canadian securities legislation, that reflects the Company’s current expectations and projections about its future results. When used on this Website , words such as “will”, “may”, “could”, “might”, “should”, “believe”, “estimate”, “intend”, “suggest”, “expect”, “plan”, “seek”, “predict”, “propose”, “consider”, “potential”, “prospective”, “target”, “anticipate”, “continue”, “scheduled” and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company’s future operational or financial performance. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. All statements, other than statements of historical fact, may be forward-looking information. Information concerning mineral resource estimates may also be deemed to be forward-looking information in that it reflects a prediction of mineralization that would be encountered if a mineral deposit were developed and mined.
Forward-looking information is not historical fact, and includes but is not limited to:
- Estimates, including the mineral resource estimate for the Company’s Rogue project located in the Yukon Territory, Canada (the “Rogue Project”),and its underlying assumptions;
- Results of the Rogue Project PEA (as defined below), and all underlying assumptions and the economic and scoping-level parameters of the Rogue Project PEA; the anticipated timeline for completion of a potential pre-feasibility study; the cost and timing of any development of the gold deposit located on the Rogue Project (the “Valley Deposit”); the proposed mine plan and mining methods; dilution and mining recoveries; processing method and rates; production rates; projected metallurgical recovery rates; infrastructure requirements; energy sources; capital, operating and sustaining cost estimates; the projected life of mine and other expected attributes of the Valley Deposit; the net present value, internal rate of return and payback period of capital; future metal prices; the timing of any engineering, environmental assessment or Indigenous consultation processes; the expansion of environmental baseline monitoring programs; government regulations and future permitting timelines; tailings storage facility and management; access to the Valley Deposit; water management; estimates of reclamation and closure costs; requirements for additional capital; future drill programs; and the Rogue Project plutonic complex having the potential to host Valley-style mineralization;
- Statements regarding plans, objectives and expectations with respect to the effectiveness of the Company’s business model, future operations, the impact of regulatory initiatives on the Company’s operations and market opportunities;
- The Company’s planned exploration (including without limitation, in respect of exploration targets), research and development programs;
- General industry and macroeconomic growth rates;
- Corporate development initiatives, mission statement and guiding principles; and
- Statements regarding future performance.
Although forward-looking information contained on this Website is based on the beliefs of management, which we consider to be reasonable, as well as assumptions made based on information currently available to management, there is no assurance that the forward-looking information will prove to be accurate. Forward-looking information used on this Website is subject to various known and unknown risks, uncertainties and other factors, most of which are difficult to predictand generally beyond the control of the Company, that could cause actual results, performance or achievements of the Company to differ materially from those that are disclosed in or implied by such forward-looking information. Such factors include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including fluctuation in the market valuation for commodities; governmental regulation of the mining industry, including environmental regulation; difficulties in obtaining required approvals for the development of a mineral project; impacts resulting from lack of community support; geological, technical and drilling problems; unanticipated operating events; negotiation of commercial access agreements, competition for and/or inability to retain required services and to obtain undeveloped lands, skilled personnel, equipment and inputs; reliance on third parties; potential or ongoing joint ventures; the availability of capital on acceptable terms; uncertainties associated with estimating mineral resources, including uncertainties relating to the assumptions underlying mineral resource estimates; unanticipated resource grades and recoveries; whether mineral resources will ever be converted into mineral reserves; uncertainties regarding cost estimates; the use of non-GAAP measures in financial performance accounting; liabilities and risks, including environmental liabilities and risks inherent in mineral exploration operations; health and safety risks; risks related to unknown financial contingencies, including litigation costs, on the Company’s operations; risks of changes in current and future trade agreements, legislation, regulations, import tariffs and other similar trade barriers, including material changes in the U.S.-Mexico-Canada Agreement; unanticipated results of exploration activities; unpredictable weather conditions; unanticipated delays in preparing technical studies; inability to generate profitable operations; restrictive covenants in debt instruments; stock market volatility; liabilities inherent in the mining industry; risks related to war(such as Russia’s invasion of Ukraine and the war in the Middle East); changes in tax laws and incentive programs relating to the mining industry; conflicts of interest; dependency on key personnel; fluctuations in currency and interest rates, inflation and general economic conditions; as well as those factors discussed in the section entitled “Risk Factors” in the Company’s most recently filed annual information available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Although the Company believes that the assumptions and expectations reflected in such forward-looking information are reasonable, the Company can give no assurance that these assumptions and expectations will prove to be correct. Readers are cautioned not to place undue reliance on the forward-looking information, which speaks only as of the date posted on this Website or as of the date otherwise specifically indicated. All forward-looking information contained on this Website is expressly qualified in its entirety by this cautionary statement. Due to risks, uncertainties and other factors, including the risks, uncertainties and other factors identified above and elsewhere on this Website and in the Company's filings with securities regulators, actual events may differ materially from current expectations. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise except as required by securities law. Additional information about these assumptions and risks and uncertainties is contained in the Company’s filings with securities regulators, including the Company’s most recent annual information form and management’s discussion and analysis for its most recently completed financial year and, if applicable, interim financial period, which are available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
Mineral resources are not mineral reserves, and do not have demonstrated economic viability, but do have reasonable prospects for economic extraction. Measured and indicated mineral resources are sufficiently well defined to allow geological and grade continuity to be reasonably assumed and permit the application of technical and economic parameters in assessing the economic viability of the mineral resource. Inferred mineral resources are estimated on limited information not sufficient to verify geological and grade continuity or to allow technical and economic parameters to be applied. Inferred mineral resources are too speculative geologically to have economic considerations applied to them to enable them to be categorized as mineral reserves. The Company has not declared a mineral reserve estimate in respect of its mineral projects and there is no certainty that mineral resources of any classification can be upgraded to mineral reserves through continued exploration.
The Company’s mineral resource figures are estimates and the Company can provide no assurances that the indicated levels of mineral will be economically produced, or at all. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that its mineral resource estimates are well established and the best estimates of the Company’s management, by their nature mineral resource estimates are imprecise and depend, to a certain extent, upon the analysis of drilling results and statistical inferences which may ultimately prove unreliable. If the Company’s mineral resource estimates are inaccurate or are reduced in the future, this could have an adverse effect on the Company’s future cash flows, earnings, results of operations and financial condition.
Cautionary Note Regarding References to Mineral Resources
This Website contains information regarding current mineral resources on the Rogue Project. National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI43-101”) accords a set of requirements developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Unless otherwise indicated, all resource estimates on this Website have been prepared in accordance with NI 43-101 and the guidelines set out in the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Standards for Mineral Resources and Mineral Reserves, Definitions and Guidelines, May 2014 (the “CIM Standards”). NI 43-101 differs from the requirements of the U.S. Securities and Exchange Commission (the “SEC”), and information with respect to mineralization and mineral resources contained herein may not be directly comparable to similar information disclosed by U.S. companies.
The SEC has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements under the U.S. Securities Exchange Act of 1934, as amended. These amendments became effective February 25, 2019 (the “SEC Modernization Rules”) with compliance required for the first fiscal year beginning on or after January 1, 2021. Under the SEC Modernization Rules, the historical property disclosure requirements for mining registrants included in Industry Guide 7 under the U.S. Securities Act of 1933, as amended, were rescinded and replaced with disclosure requirements in subpart 1300 of SEC Regulation S-K. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources.” In addition, the SEC has amended its definitions of “proven mineral reserves” and “probable mineral reserves ”to be “substantially similar” to the corresponding standards under NI 43-101.While the SEC will now recognize “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”, U.S. readers should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. readers are cautioned not to assume that any mineral resources that the Company reports are or will be economically or legally mineable. Further, “inferred mineral resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Therefore, U.S. readers are also cautioned not to assume that all or any part of the “inferred mineral resources” exist. There is no assurance that any mineral resources that the Company may report under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.
Cautionary Note Regarding Adjacent or Similar Mineral Properties
This Website contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties, and any production therefrom or economics with respect thereto, are not indicative of mineral deposits on the Company’s properties or the potential production from, or cost or economics of, any future mining of any of the Company’s exploration and evaluation assets.
