Scottie Resources Intersects 73.32 g/t Gold and 71.01 g/t Silver over 4.38 Metres on Bend Vein, Bow Property
03 Janvier 2020 - 3:00PM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to announce that recent drilling continues to confirm
and expand the Bend Vein target on the Bow Property. During
September, the Company completed 877.7 metres of diamond drilling
on the Bend Vein within the Bow Property, which is located just 2
km NE of the 100% owned, past-producing Scottie Gold Mine located
in British Columbia, Canada’s Golden Triangle region.
Results from drill hole SR19-11 include
73.32 g/t gold and 71.01 g/t
silver over 4.38 m core length, which
includes 152.5 g/t gold and 143.56 g/t
silver over 1.89 m. These results
exemplify the high-grade gold and silver potential of the Bow
Property.
Table 1 – Selected Results from
the 2019 Drilling on the Bend Vein target, Bow Property
Drill Hole |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
Area |
SR19-01 |
|
40.61 |
43.21 |
2.60 |
2.73 |
4.66 |
Bend Vein |
SR19-02 |
|
61.91 |
63.05 |
1.14 |
46.53 |
51.83 |
Bend Vein |
SR19-04 |
|
82.05 |
84.84 |
2.79 |
1.49 |
69.38 |
Bend Vein |
SR19-08 |
|
37.50 |
38.50 |
1.00 |
2.97 |
5.40 |
Bend Vein |
SR19-11 |
|
25.53 |
29.81 |
4.28 |
73.32 |
71.01 |
Bend Vein |
including |
26.45 |
28.34 |
1.89 |
152.50 |
143.56 |
Bend Vein |
*not true width, most intervals are estimated to be 80-90% of true
width |
The 2019 drilling program was designed to
confirm historical results and expand the known extent of the
high-grade gold and silver mineralization at the Bend Vein. The
company integrated the historical data and recent 2018 and 2019
exploration work into new structural models to better understand
the geometry of mineralization.
“The assays from the Bend Vein confirm the
superb results of previous studies, and demonstrate a truly
underexplored high-grade gold and silver target,” said Bradley
Rourke, the Company’s CEO and President. “Past drilling on the Bend
Vein only probed to a maximum vertical depth of ~55 m. Our drilling
this season proves that the mineralized structure extends deeper
than previously tested, and substantially increased the strike
length of known mineralization. Drilling during the 2020 season
will allow us to further prove the scale of this structurally
controlled high-grade vein deposit.”
Bend Vein
Prior to the Company’s 2019 drill program, the
Bend Vein had only seen limited reported drilling, totalling
1525.23 m over three short drill programs (Table 2). Drilling
during these programs was focused on demonstrating the extent of a
near surface, high-grade block of gold and silver ore to feed into
the Scottie Gold Mine mill – no exploration style drilling was done
to test along the Bend Fault structure to assess a bigger system.
Drilling during the 2019 program has substantiated the grades
contained in the high-grade ore block, and tested the structure at
depth and along strike. Results from SR19-08 demonstrate that gold
mineralization continues east along the Bend fault structure,
extending the area of known mineralization for an additional 375 m
(Figure 1, Table 1). Future drilling of the Bend vein will focus on
significant step outs to test geophysical and geochemical anomalies
along the Bend Fault, as well as testing plunge controls on the
high-grade ore block.
Figure 1 is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d369bfcb-56e0-43b1-a4c9-95f84157ddb7
The Bend Vein is a quartz-carbonate-chlorite
sulphide bearing vein system located in/along the east-northeast
trending Bend Fault, whose strike has been traced for more than 700
m. Sulphide mineralization within the vein consists of up to 60%
combined pyrrhotite and pyrite, along with minor chalcopyrite and
arsenopyrite. Late stage faulting has brecciated the footwall of
the Bend Vein, and minor related shears have cut the vein into
steeply plunging segments.
Table 2 – Historic results from
the Bend Vein target, Bow Property
Drill Hole |
Year |
Width* (m) |
Gold (g/t) |
Area |
84-7 |
1984 |
4.17 |
63.64 |
Bend Vein |
91-5 |
1991 |
2.60 |
52.56 |
Bend Vein |
91-6 |
1991 |
2.64 |
25.50 |
Bend Vein |
05-03 |
2005 |
1.83 |
16.76 |
Bend Vein |
05-09 |
2005 |
2.10 |
11.60 |
Bend Vein |
05-10 |
2005 |
4.66 |
20.87 |
Bend Vein |
05-15 |
2005 |
2.04 |
8.09 |
Bend Vein |
*not true width, most intervals are estimated to be 80-90% of true
width |
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).
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.
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