Scottie Resources Mobilizes Second Drill Rig and Extends Drill Program at Scottie Gold Project in B.C.
13 Août 2020 - 1:55PM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to announce the
addition of a second drill rig on its 100% owned Scottie Gold
Project. The second drill rig will increase the amount of drilling
by 40%, an additional 2,000 metres to the follow up drill campaign.
Scottie is now targeting a total of 7,000 metres of drilling during
the 2020 summer field season.
President and CEO, Bradley Rourke commented,
“With our strong financial position, favourable market conditions
and abundance of drill targets, we have decided to increase the
metres drilled this summer. The addition of a second drill rig
allows us to test new prospective zones and improve the cost
efficiency of drilling additional metres given that all the
infrastructure and personnel are already in place.”
Scottie’s 2020 drill program will follow up on
the Company’s successful drill campaign of the 2019 season,
including intercepts of 7.44 g/t gold over 34.78 metres on the
Blueberry vein, 11.72 g/t gold over 10.95 metres on the
past-producing Scottie Gold Mine M-zone, and 73.32 g/t gold over
4.38 metres on the Bend vein. In addition to the follow-up
drilling, the Company will test other prospective targets,
including the newly discovery Domino Zone, which has a strike
length of 700 metres and a width of 200 metres, and returned grab
samples of up to 536 g/t gold.
Scottie has completed a total of 2,220 metres in
10 diamond drill holes since the commencement of drilling on July
9 and are excitedly waiting for assay results. The drill
results will be reported in batches as they are received.
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 and Bow properties and has the
option to purchase a 100% interest in Summit Lake claims which are
contiguous with the Scottie Gold Mine property. Scottie also owns
100% interest in the Cambria Project properties and the Sulu
property. Scottie Resources holds 24,589 ha of mineral claims in
the Golden Triangle.
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 http://www.scottieresources.com and at
www.sedar.com, or by contacting Bradley Rourke, President and CEO
at (250) 877-9902 or Rahim Lakha, Corporate Development at (416)
414-9954.
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.
Scottie Resources (TSXV:SCOT)
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