Scottie Resources Intersects 7.44 g/t Gold over 34.78 Metres on Blueberry Vein, Bow Property in the Golden Triangle
09 Janvier 2020 - 3:00PM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to report recent drilling success from the Blueberry
Vein on the Bow Property. Results from drill hole SR19-20 include
7.44 g/t gold and
1.29 g/t silver
over
34.78 m, which includes
14.29 g/t
gold over
14.00 m. During September, the
Company completed 630.2 metres of diamond drilling on the Blueberry
Vein within the Bow Property, which is located just 2 km NE of the
100% owned, past-producing Scottie Gold Mine located in the “Golden
Triangle” area of British Columbia, Canada.
Table 1 – Selected Results from
2019 Drilling on the Blueberry Vein target, Bow Property
Drill Hole |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
Area |
SR19-16 |
|
54.75 |
57.02 |
2.27 |
5.49 |
2.05 |
Blueberry Vein |
including |
55.20 |
56.22 |
1.02 |
11.95 |
5.00 |
Blueberry Vein |
SR19-18 |
|
20.87 |
21.52 |
0.65 |
4.76 |
2.80 |
Blueberry Vein |
and |
49.34 |
55.21 |
5.87 |
1.32 |
0.38 |
Blueberry Vein |
including |
54.76 |
55.21 |
0.45 |
10.00 |
0.70 |
Blueberry Vein |
SR19-19 |
|
27.05 |
29.22 |
2.17 |
1.73 |
1.80 |
Blueberry Vein |
SR19-20 |
|
71.00 |
105.78 |
34.78 |
7.44 |
1.29 |
Blueberry Vein |
including |
71.00 |
85.00 |
14.00 |
14.29 |
2.17 |
Blueberry Vein |
and including |
71.00 |
80.00 |
9.00 |
20.53 |
2.85 |
Blueberry Vein |
and including |
71.00 |
71.88 |
0.88 |
143.50 |
14.60 |
Blueberry Vein |
including |
97.00 |
105.78 |
8.78 |
6.01 |
1.02 |
Blueberry Vein |
*not true width, most intervals are estimated to
be 80-90% of true width
Thomas Mumford, the Company’s VP, Exploration
commented: "The high-grade intersection in SR19-20 opens up a lot
of potential for the Blueberry Vein system. The location of the
intercept suggests that we may have pierced a new zone, a potential
splay off of the surficial exposure of the Blueberry Vein. As this
was our last hole of the 2019 season, the zone remains completely
open to the north, and at depth. This will be a priority drill
target to follow up early in the 2020 field season.”
Blueberry VeinHistoric
trenching and channel sampling of the Blueberry Vein include
results of 223.50 g/t over 1.90 metres, and 114.02 g/t gold over
1.43 metres. Despite high-grade surficial samples and easy road
access, the Blueberry Vein has only limited reported drilling. The
last drill program with documentation was in 1985 and consisted of
just 5 drill holes; the best intercept was 26.56 g/t gold and 21.3
g/t silver over 1.59 metres.
2019 Drilling SummaryDrilling
during 2019 confirmed grades from the previous exploration
programs, as well as increasing the known extent of mineralization.
Results from SR19-20 demonstrate that significant intervals of
high-grade mineralization are present within the Blueberry Vein
structure, and that they are wider and extend deeper than
previously tested. The location of the intercept in SR19-20
suggests that there may be a significant splay off of the Blueberry
vein, this will be tested with future drilling.
Figure 1 – Drill Collars and
Traces of 2019 Drill Holes on the Blueberry Vein
[https://bit.ly/2sbYnHO]
The Blueberry Vein is a moderately dipping, SW
striking, chlorite-rich pyrrhotite-pyrite vein; on surface the vein
ranges from 0.2 – 2.0 m in width. The vein is hosted in andesitic
volcanics and siltstones of the Unuk River Formation of the
Hazelton Group, and is situated in a minor shear with a small
displacement. Bounding narrow shears within the hanging wall and
footwall of the vein locally control the thickness of the vein,
forming rolls in the vein. The orientation of these rolls is
typically moderate plunging and trending to the southwest.
The Bow property is road accessible from the
town of Stewart, BC, and is subject to a 3% net smelter return, of
which the Company can purchase 2% for $600,000 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).
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
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“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.
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