Scottie Resources Reports 12.4 g/t Gold and 8.7 g/t Silver Over 2.69 Metres at the Newly Discovered Domino Zone
21 Janvier 2021 - 1:55PM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to report assay
results for the first ever drill program at the Domino Zone,
including a high-grade intercept of
12.4 g/t gold
and
8.7 g/t silver over
2.69
metres in which the hole ended in mineralization at a
depth of 121.5 metres. Drilling also revealed near surface
mineralization grading
19.9 g/t gold and
71.6 g/t silver over
0.94 metres
hosted in a wider zone of moderate mineralization grading
2.48 g/t gold and
8.63 g/t silver
over
15.46 metres. The Domino Zone was discovered
in 2019, when high-grade surficial samples (up to 536 g/t gold)
were collected in an area of recent glacial retreat. The zone is
located on strike, 2 kilometres west of the known high-grade
deposit of the past-producing Scottie Gold Mine.
CEO, Bradley Rourke commented: “These drill
results confirm our hypothesis of a high-grade gold mineralizing
system occurring along strike from the past-producing Scottie Gold
Mine. The 900 metre strike length of the Domino zone, combined with
the 2 kilometer separation from the mine provides exceptional
potential to host a large high-grade deposit. Drilling in 2021 will
continue to target large high-grade dilatational zones, similar to
the Scottie Gold Mine throughout the length of this structure.”
Highlights
- Initial drilling
program on Domino produced numerous high-grade intervals,
including:• 12.4 g/t gold and 8.7 g/t
silver over 2.69
metres• 19.9 g/t gold and
71.6 g/t silver over 0.94
metres• 13.4 g/t gold and 8.11 g/t silver
over 1.07 metres
- Three new
high-grade showings were discovered proximal to the Domino
Zone• Each zone marked by a grab sample with > 50
g/t gold
- Surficial sampling
results and geophysics indicate that the mineralizing system
present at Domino is at least 900 metres x 450 metres
- New induced
polarization (IP) grid defines prospective drill targets coincident
with new high-grade grab sampling
- A ~634 line-km
AirTEM Electromagnetic (EM) survey was flown over the entire
Scottie Gold Mine Project, including the Domino Zone, data
processing and interpretation is underway
Drill Hole |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
SR20-29 |
|
10.54 |
26.00 |
15.46 |
2.48 |
8.63 |
including |
24.00 |
24.94 |
0.94 |
19.9 |
71.6 |
and including |
24.54 |
24.94 |
0.40 |
35.5 |
154 |
|
54.00 |
56.00 |
2.00 |
1.19 |
0.59 |
SR20-30 |
|
20.00 |
22.68 |
2.68 |
2.22 |
48.7 |
including |
21.50 |
22.68 |
1.18 |
4.13 |
82.5 |
SR20-31 |
|
17.09 |
20.25 |
3.16 |
1.12 |
6.32 |
|
52.36 |
54.64 |
2.28 |
3.06 |
0.55 |
|
62.93 |
69.80 |
6.87 |
2.5 |
2.48 |
including |
62.93 |
64.00 |
1.07 |
13.4 |
8.11 |
SR20-32 |
|
67.00 |
68.44 |
1.44 |
1.82 |
19.5 |
SR20-36 |
|
29.4 |
33.42 |
4.02 |
0.73 |
96.3 |
including |
33.00 |
33.42 |
0.42 |
4.86 |
17.7 |
and |
72.3 |
73.35 |
1.05 |
1.52 |
0.61 |
SR20-37 |
|
108.14 |
121.5 (EOH) |
13.36 |
2.69 |
3.54 |
including |
118.81 |
121.5 (EOH) |
2.69 |
12.4 |
8.69 |
SR20-44 |
|
39.5 |
46 |
6.50 |
3.29 |
2.23 |
SR20-46 |
|
41.28 |
45.4 |
4.12 |
2.42 |
3.46 |
SR20-47 |
|
30 |
32 |
2.00 |
1.01 |
1.25 |
SR20-49 |
|
46 |
78.7 |
32.70 |
0.54 |
4.47 |
including |
46 |
49 |
3.000 |
1.51 |
3.07 |
and |
77.73 |
78.7 |
0.97 |
7.91 |
63.7 |
SR20-61 |
|
51.03 |
54.15 |
3.12 |
3.99 |
30.0 |
SR20-66 |
|
55.78 |
57.5 |
1.72 |
0.68 |
7.77 |
SR20-33, 35, 39, 41, 43, 63 - no signficant intercepts |
Table 1: 2020 Domino Zone drill
*True width is estimated to be 80-90% of interval width.
Domino Zone
Located ~2 km due west of the Scottie Gold Mine,
the Domino Zone exhibits similar mineralization style, grade, and
orientation to the past-producing mine. Glacial retreat has only
recently exposed this area, leading to the 2019 discovery of
multiple large (10+ m long) massive sulphide lenses. During the
2019 program, first pass surficial sampling returned 9 samples over
5 g/t gold, including a 5.3 m long chip sample averaging 10.5 g/t
gold, with the highest-grade grab sample grading 536 g/t gold and
129 g/t silver.
The 2020 field season marked the first ever
drill program at the Domino Zone with a total of 18 holes (Figure
2). Preliminary mapping and sampling of the Domino Zone indicate
that mineralization is linked to two intersecting sets of discreet
shear structures. Drilling was done with an oriented core setup in
order to provide maximum value from the data collected. The
information garnered from the 2020 drill program will be combined
with newly acquired geophysics and detailed structural mapping to
drill target structurally controlled high-grade ore shoots in this
mineralized corridor during 2021. This release includes all drill
results from the Domino Zone.
Figure 1: Plan view map of the
Domino-Scottie Mineralizing corridor is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d3773c7d-19ea-49f8-bbc4-de65bdc147d4.
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.
Figure 2: Plan view map of the
2020 Domino zone drilling program is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6d215ff1-037b-4883-b00a-b891f8dec1d7.
Note that doubled up drill traces indicate the presence of an
underlying steeper down-dip hole.
Figure 3: Drill hole SR20-29 –
Textural example of high-grade gold mineralization present within
the Domino zone – sample above graded 19.9 g/t gold and 71.6 g/t
silver over 0.94 metres is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/aa6058ae-d8ec-43da-8222-eab6a0326e95.
The host felsic volcanic rocks are cut by an oxidized, vuggy,
sheared quartz vein with intense limonite alteration. All primary
textures have been destroyed by strain and alteration. Thin bands
of chlorite and sericite trend along shear fabric. Shear contains
~15% pyrite and ~5% pyrrhotite.
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.
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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