Scottie Resources Announces 2,000 Metre Drill Program on the Scottie Gold Mine and Bow Properties
20 Août 2019 - 2:30PM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to announce that its Phase 1 drilling program of 2000
metres to be split between their Scottie Gold Mine and Bow
properties located in the Golden Triangle mining district in
northern BC. Drilling is expected to commence by mid-September.
The 100% owned Scottie Gold Mine, operated from
1981 to 1985 with milled vein material averaging 16.2 g/t recovered
gold and produced 95,426 ounces of gold from just 183,147 tonnes of
ore. While 13 distinct gold bearing vein zones have been identified
between the contiguous Scottie and Bow properties, mine production
was primarily from one vein (the M-zone). Scottie Resources Corp.
has the option to acquire a 100% interest in the 471.92 hectare Bow
property.
The Company’s initial 12 hole (2,000 m)
drill program is designed to : (a) follow-up and step out
from multiple high-grade historic intercepts of near surface
high-grade mineralization at the Bow property, and (b) to assess a
newly discovered zone on the Scottie Gold property recently exposed
from glacial retreat. Gold mineralization at the Scottie Gold Mine
and Bow properties is hosted in Jurassic age Hazelton Group
volcanics and sediments and associated with phases of the Texas
Creek Plutonic Suite; similar geological setting to the nearby
Brucejack and Premier mines.
Select highlights from the Bow historical drill
hole intercepts include the following:
- 84-7: 70.15 g/t Au over 4.17
metres
- 91-5: 57.94 g/t Au over 2.60
meters
- 91-6: 28.11 g/t Au over 2.64
meters
- 05-03: 18.48 g/t Au over 1.83
meters
- 05-10: 23.01 g/t over 4.66
meters
All intercepts are true widths, and are located
at vertical depths of less than 45 m. To date, no drilling has
tested the mineralization below 55 m vertical depth.
Bradley Rourke, President and CEO of Scottie
Resources commented: “Based on the historical drilling and
extensive fieldwork conducted over the last 2 years, the initial
drill program is designed to expand and confirm the geometry and
continuity of high grade gold zones. The 2019 fieldwork and drill
program will lead to a larger more targeted exploration program on
the Scottie and Bow properties, as well as our newly acquired
Summit Lake claims in 2020. We are excited to commence drilling and
accelerate and advance the Scottie Mine site and regional
exploration.”
Thomas Mumford, Ph.D., P.Geo and VP Exploration
of Scottie, a qualified person under National Instrument 43-101,
has reviewed the technical information contained in this news
release on behalf of the Company.
ABOUT SCOTTIE RESOURCES
CORP.
Scottie owns 100% interests in the high grade,
past-producing Scottie Gold Mine property, the Stock property, the
Ruby Silver property and the Black Hills property. Scottie
has the option to purchase 100% interests in the Bow property, the
Bitter Creek property and the Summit Lake property.
All of the Company’s properties are located in
the area known as the Golden Triangle of British Columbia which is
among the world’s most prolific mineralized districts.
Further information on Scottie can be found on
the Company’s website at www.scottieresources.com and at
www.sedar.com, or by contacting Bradley Rourke, President and CEO
at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke”
President & CEO
FORWARD LOOKING STATEMENTS
This news release may contain forward‐looking
statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by
the words “expects”, “plans”, “anticipates”, “believes”, “intends”,
“estimates”, “projects”, “potential” and similar expressions, or
that events or conditions “will”, “would”, “may”, “could” or
“should” occur. Although the Company believes the expectations
expressed in such forward‐looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from
those in forward looking statements. Forward‐looking statements are
based on the beliefs, estimates and opinions of the Company’s
management on the date such statements were made. The Company
expressly disclaims any intention or obligation to update or revise
any forward‐looking statements whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
release.
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