Carson Block Backs Snowline Gold: A Bullish Take

Activist investor Carson Block, known for his critical reports, has made a rare bullish call on Canadian junior miner Snowline Gold. Block believes Snowline has made a unique gold discovery in the Yukon Territory, with its Rogue Projects Valley deposit estimated to hold eight million ounces of gold. This significant find could attract major gold producers, making Snowline a strong candidate for a takeover within the next three years. The company, headquartered in Vancouver, has seen impressive stock growth and successfully raised over one hundred million Canadian dollars for its projects. Snowlines annual drilling program is ahead of schedule, with a preliminary economic assessment indicating robust potential for the Valley project.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.