Scottie Resources Releases Encouraging Assay Results on Newly Discovered Kingpin And Lone Wolf Showings, Summit Lake Property...
17 Décembre 2019 - 3:00PM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to provide report assay results from two new showings
(Kingpin and Lone Wolf) discovered during the 2019 exploration
program. Grades from the two new showings range up to 26.9 g/t gold
and 370 g/t silver. The Summit Lake Property surrounds the 100%
owned, past-producing Scottie Gold Mine located in British
Columbia’s Golden Triangle.
Table 1 – Select 2019 grab
samples from Kingpin, Lone Wolf and 6 oz Zone Showings
SampleNumber |
Gold (g/t) |
Silver (g/t) |
Copper (%) |
Lead (%) |
Zinc (%) |
Kingpin |
Y610790 |
1.695 |
67 |
0.363 |
1.79 |
1.07 |
Y610791 |
26.9 |
168 |
0.043 |
1.95 |
1.18 |
Y610794 |
1.54 |
237 |
0.138 |
1.2 |
0.793 |
Y610796 |
2.53 |
166 |
0.331 |
2.13 |
2.81 |
Y611631 |
8.33 |
198 |
0.127 |
4.39 |
0.422 |
Y611636 |
3.6 |
223 |
0.409 |
5.43 |
6.7 |
Y611637 |
12.8 |
370 |
0.754 |
4.13 |
0.933 |
6 oz Zone |
Y611045 |
0.642 |
32.6 |
0.03 |
0.662 |
0.314 |
Y611047 |
2.05 |
14.2 |
0.016 |
0.174 |
0.111 |
Y611069 |
51.6 |
424 |
0.379 |
6.52 |
6.56 |
Y611071 |
6.14 |
213 |
0.13 |
4.97 |
0.513 |
Y611073 |
2.5 |
4.6 |
0.006 |
0.1 |
0.228 |
Y611083 |
1.19 |
121 |
0.179 |
0.482 |
0.626 |
Y611084 |
0.214 |
125 |
0.065 |
16.1 |
0.152 |
Lone Wolf |
Y610551 |
1.03 |
12.9 |
0.085 |
0.032 |
0.375 |
Y610815 |
0.474 |
19.2 |
0.009 |
1.13 |
4.1 |
Y610817 |
4.04 |
90 |
0.234 |
0.149 |
1.83 |
Y610819 |
0.289 |
33 |
0.183 |
0.168 |
0.153 |
Other zones |
Y611608 |
9.78 |
16.1 |
0.104 |
0.008 |
0.014 |
Y611611 |
10.95 |
37 |
0.124 |
2.27 |
1.1 |
Y611619 |
3.64 |
884 |
0.871 |
0.363 |
0.703 |
“These two new showing further illustrate the
extent and high-grade nature of mineralization prevalent on the
Summit Lake property” said Dr. Thomas Mumford, the Company’s VP,
Exploration, “This summer was extremely productive at finding new
high-grade discoveries on surface, and we look forward to drill
testing many of these targets next year while continuing to perform
surficial work on this exciting land package.”
The discovery of the sulphide-bearing
mineralization at the Kingpin and Lone Wolf showings (reported
August 27, 2019) was a result of mapping in areas of subjected to
recent glacial retreat. The Lone Wolf showing is located just 300
west of the E-W striking M-zone in the past-producing Scottie Gold
Mine (95,426 oz of gold at a recovered grade of 16.2 g/t).
Figure 1 – 2019 Grab sampling
of Kingpin, Lone Wolf and 6 oz Zone Showings on the Summit Lake and
Scottie Gold Mine
Propertieshttps://www.globenewswire.com/NewsRoom/AttachmentNg/bb2c02f9-b9f5-49aa-95c6-0b6ab56b1109
In addition to the Kingpin and Lone Wolf
showings, select high-grade assay data is presented here for the
follow-up sampling around the 6 oz Zone, and other sampling done in
the area (grades up to 51.6 g/t Gold and 424 g/t Silver. The 6 oz
Zone, discovered in 2016, was named after a float sample which
graded 187 g/t (6 oz’s) that was recovered from a steep gully.
Upslope of the float sample, multiple sulphide bearing veins were
identified and sampled during the 2019 field season, but so far
none have returned assays equivalent to the float sample. It is
possible that the primary source vein may still be overlain by the
adjacent glacier to the west (Figure 1).
Overall, these assay results - combined with
previous releases on the Summit Lake property (August 27 / November
14 / December 5) - have proven the Summit Lake property to be
exceptionally imbued with high-grade mineralization. The 2020
exploration program on the Summit Lake property will drill test
multiple well defined targets; follow-up sampling and detailed
mapping will advance other prospective areas in order to delineate
drill targets for future programs.
A portion of the claims in the Summit Lake
Property are subject to a 1.8% gross smelter return, of which the
Company can purchase up to 0.8% for $1,000,000 at any time.
Quality Assurance and
Control
Results from samples were analyzed at ALS Global
Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO
9001:2008 accredited facility). The sampling program was undertaken
by Company personnel under the direction of Thomas Mumford. A
secure chain of custody is maintained in transporting and storing
of all samples. Gold was assayed using a fire assay with atomic
absorption spectrometry and gravimetric finish when required (+10
g/t Au). Individual grab samples taken during the project represent
point locations in the field, and were typically collected from
rocks covering an area of less than 0.5 m2. Grab samples from
outcrop/bedrock are selective by nature and they may not be
representative of the mineralization hosted on the
project.
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
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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.
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