Scottie Announces Encouraging Results From the Bitter Creek Property
12 Novembre 2019 - 2:30PM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to provide an update on 2019 field work performed on its
recently acquired Bitter Creek property (see news release dated
March 6, 2019) located in BC’s Golden Triangle.
Targeted geological mapping and sampling during
the 2019 field season on the 4832 ha Bitter Creek Property has
delivered several promising results, including a new showing (Blue
Goat) located 1 km along strike from a past producing adit, as well
as high-grade gold grab samples from historic trenches.
New Showing – Blue Goat:The
Blue Goat showing is located in a 175 m long, 10 m wide mineralized
corridor consisting of massive sphalerite-quartz-Fe-carbonate
veining in a variably sulphidized and veined volcanic host rock.
The orientation of the mineralized corridor is on strike with the
historic Blue Grouse adit, located 1 km to the southwest (see
figure below). The mineralized corridor is situated perpendicular
to the edge of the Cambria Icefield, and was exposed due to glacial
retreat, mineralization is projected to extend beneath the
ice.
Outcrop samples from the area exhibit favourable
polymetallic grades, including up to 5380 g/t Ag, 8.22 g/t Au,
>30 % Zn, 3.2 % Pb, and 0.8 % Cu.
Similarities in structural style/orientation,
ore mineralogy, and grades strongly support the hypothesis that the
mineralized structure hosting the Blue Goat is a continuation of
the Blue Grouse showing. Mineralization remains open along strike:
to the northeast the corridor is covered by a glacier and to the
southwest the zone is truncated by faulting (follow-up work is
required). The separation between the showings provides a 1 km zone
in which to target future exploration.
High-Grade Gold – Barney
showing:Grab sampling of historic trenches around the
Barney showing have returned significant gold values.
Mineralization in multiple hand trenches consists of arsenopyrite
and pyrrhotite occurring as discreet veins and as disseminations.
Mineralization appears to be associated with a faulted lime-rich
siltstone unit. Despite the high-grade nature of the showing, it
has never been drilled. Future targeted exploration in the area
will be greatly aided by the detailed mapping and contour soil
sampling completed this season.
Sample |
Gold (g/t) |
Silver (g/t) |
Y610613 |
24.1 |
21.18 |
Y610617 |
9.15 |
5.17 |
Y610618 |
2.3 |
6.2 |
Bradley Rourke, President and CEO of Scottie
Resources commented: “We had a great season working on the Cambria
Project our >10,000 ha package of claims that borders the
western boundary of Ascot Resources’ Red Mountain Project. These
results on the Bitter Creek property exemplify the potential in the
area, and we are excited to put out more strong results as assays
continue to trickle in.”
The Bitter Creek Property is subject to a 2.5%
net smelter return, of which the Company can purchase up to 60% for
$1,500,000.
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 a 100% interest in the high-grade,
past-producing Scottie Gold Mine property and has the option to
purchase a 100% interest in the Bow property and the Summit Lake
claims which are contiguous with the Scottie Gold Mine
property. Scottie owns 100% interests in the Ruby Silver and
Black Hills properties and has the option to purchase a 100%
interest in the Bitter Creek property which joins the Ruby Silver
property with the Black Hills 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
policies of TSX Venture Exchange) accepts responsibility for the
adequacy of accuracy of this release.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a67aa726-31ca-4828-a90d-7145bf9d64b0
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