Scottie Resources Reports Initial Drill Results, Including 109.4 g/t Gold and 32.4 g/t Silver Over 2.53 Metres on O-zone Targ...
06 Octobre 2020 - 1:55PM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to report on
the first assays of the 2020 drill program, including a high-grade
intercept on the Scottie Gold Mine O-Zone of
109.4
g/t gold and
32.4 g/t silver over
2.53 metres. The Scottie Gold
Mine, which operated from 1981 to 1985, milled vein material
averaging 16.2 grams per tonne gold, producing 95,426 ounces of
gold from 183,147 tonnes of mineralization. Previous exploration
work has indicated 13 different gold-bearing veins on the Scottie
Gold project. During the 2020 field season, Scottie completed a
total of 7040 metres of diamond drilling - assays for 38 holes are
currently pending, and subsequent drill hole results will be
released in batches as they become available.
CEO, Bradley Rourke commented: “The 2020 drill
results continue to intersect gold and silver mineralization.
Drilling at Blueberry and the O-Zone continues to expand
mineralization down dip and along strike beyond previous
extents.”
Table 1: Selected results from Blueberry and O-zone
drill holes received this season.
https://www.globenewswire.com/NewsRoom/AttachmentNg/e4d907bd-1d62-4c37-96e6-3468f85e4005
* true width is estimated to be 80-90% of interval
width
Scottie Gold Mine O-Zone
The O-Zone is the northern most of 6 parallel
mineralized structures identified during operation of the
past-producing Scottie Gold Mine, and it contained some of the
highest grade intercepts from the mine, including 107 g/t gold over
4.18 metres. However, the near surface target saw only negligible
production prior to the mine shutting down in 1985, and despite its
exceptional gold grades has seen no exploration drilling since.
Drill hole SR20-27 was designed to test a proposed
ore-plunge orientation in an open direction. The intercepted
mineralization is a 30 metre down plunge step out from the nearest
historical intercept on the O-Zone. Hosted in undifferentiated
andesite of the Unuk River Formation, the mineralization
intercepted in the hole occurs in a zone of intense chloritization
hosting sheared semi-massive sulphide mineralization
(pyrite>pyrrhotite>galena).
SR20-27: Cross Section Looking NW (+/- 10 m view
window)
https://www.globenewswire.com/NewsRoom/AttachmentNg/5b52f0da-2654-4e46-aecd-2f97d1cfe598
Blueberry Vein
The Bow Property’s Blueberry Vein is located just 2
km NE of the 100% owned, past-producing Scottie Gold Mine located
in British Columbia, Canada’s Golden Triangle region. Historic
trenching and channel sampling of the Blueberry Vein include
results of 103.94 g/t gold over 1.43 metres, and 203.75 g/t over
1.90 metres. Despite high-grade surficial samples and easy road
access, the Blueberry Vein has only limited reported drilling. The
target was significantly advanced during Scottie’s 2019 drill
program when an interval grading 7.44 g/t gold over 34.78 metres
was intersected in a new splay off zone of the main Blueberry Vein.
This near surface zone is much wider than indicated in previous
exploration models, and expansion of it was a strong focus during
the 2020 drill program. Results from drilling and mapping of the
area indicates that the mineralization extends well past the
historic Blueberry Vein and into the host rock, and henceforth
reported mineralization in the vicinity will be described as the
“Blueberry Zone”.
Drill holes SR20-21, 22, and 23 tested the
continuity of the mineralized zone discovered in 2019. Step outs
were between 25 to 50 metres, in both vertical and lateral
directions from the 2019 discovery. Intersections of the structure
in holes SR20-22 and 23 suggest that the ore shoot plunges
moderately to the north, and contains high-grade intervals (13.1
g/t gold over 1 metre), located in broader zones of mineralization
(1.79 g/t gold over 28.74 metres). A total 1609 metres in 11 holes
were drilled into the Blueberry Zone during 2020.
Quality Assurance and Control
Results from samples were analyzed at MSALABS in
Langley, Canada (an ISO 9001 accredited facility). The sampling
program was undertaken by Company personnel under the direction of
Dr. 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 (+9 g/t Au). Analysis by four acid digestion
with 48 element ICP-MS analysis was conducted on all samples with
silver and base metal over-limits being re-analyzed by emission
spectrometry.
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 more than 25,000 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.
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