Scottie Resources Commences Drilling at Georgia Project
29 Juillet 2021 - 3:00PM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to announce
that a 2,000 metre diamond drill program has commenced on its
Georgia Project, following up on bonanza grade gold hits from 2020
drilling. The Georgia Project was acquired from the recent merger
with AUX Resources and hosts the past-producing Georgia River Mine.
Georgia is located on the Portland Canal tidewater, 16 kilometres
south of the town of Stewart, BC, in the prolific Golden Triangle.
CEO, Bradley Rourke
commented: “The location and the geology of the Georgia Project
make is a very complementary asset for Scottie. Given its proximity
to Stewart and our Cambria project, Scottie’s geologists are well
acquainted with the rocks and were able to put together a
well-designed drill program to advance newly identified ore shoots
on this very high-grade gold target. With the addition of this
drill to the Georgia project, we now have 3 drills turning in the
Stewart mining camp.”
Drill highlights from the 2020 drill
program on the Georgia Project
Drill Hole |
Target |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
GE20022 |
SW Vein |
|
60.26 |
62.50 |
2.24 |
62.5 |
36.6 |
|
|
including |
61.40 |
62.50 |
1.10 |
126 |
73.8 |
|
|
and |
85.10 |
87.80 |
2.70 |
3.11 |
0.8 |
|
|
including |
86.54 |
87.80 |
1.26 |
6.10 |
1.2 |
|
|
and |
97.65 |
100.40 |
2.75 |
1.07 |
0.7 |
GE20023 |
SW Vein |
|
66.30 |
70.44 |
4.14 |
69.1 |
35.5 |
|
|
including |
67.70 |
70.44 |
2.74 |
103.6 |
52.7 |
|
|
and |
93.50 |
95.00 |
1.50 |
2.16 |
1.0 |
GE20024 |
SW Vein |
|
108.00 |
109.25 |
1.25 |
1.26 |
1.0 |
About the Georgia Project
Exploration in and around the Georgia River Mine
began in 1911 with the majority of work focused on the Bullion, SW,
and Gem veins. The mine was put into production in 1937 with a head
grade of 22.6 g/t gold. There was a hiatus in mining and
exploration activities between 1939 and 1979. Between 1979 and
2003, exploration continued and included geochemical exploration
and mapping, drill programs, as well as airborne magnetic and VTEM
surveys.
The most recent documented, unclassified
historic resource estimate for the SW Vein of the Georgia River
Mine was completed in 1990 (BC Assessment Report 19,983) and
estimated 276,403 tonnes of 27.6 g/t gold and 20.9 g/t silver. The
estimate was based on 50 drill holes and considers a minimum mining
width of 1.22 metres. The SW Vein historical estimate does not
comply with CIM Definition Standards on Mineral Resources and
Mineral Reserves as required by NI 43-101 and has no comparable
resource classification. The reliability of the historical estimate
is considered reasonable, but a qualified person has not done
sufficient work to classify the historical estimate as a current
mineral resource and the Company is not treating the historical
resource as a current resource.
Historic drill intercepts at Georgia
include:
- 178.4
g/t gold and 171 g/t silver over 0.49 metres (110.79 to
111.28 metres)
- 119.2
g/t gold and 66.4 g/t silver over 1.4 metres (72.71 to
74.09 metres) including 342.5 g/t
gold and 190.6 g/t silver over 0.3 metres (73.48
to 73.78 metres)
- 140.8
g/t gold and 213.5 g/t silver over 0.6 metres (33.93 to
34.54 metres)
Quality Assurance and Control
Results from samples during the 2020 field
season 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. Craig Stewart. 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 Georgia Project which contains the high-grade
past-producing Georgia River Mine, as well as the Cambria Project
properties and the Sulu property. Altogether Scottie Resources
holds more than 52,000 ha of mineral claims in the Stewart Mining
Camp in the Golden Triangle.
The Company’s focus is on expanding the known
mineralization around the past-producing mines while advancing near
mine high-grade gold targets, with the purpose of delivering a
potential resource. The Company’s focus is on expanding the known
mineralization around the past-producing mine while advancing near
mine high-grade gold targets, with the purpose of delivering a
potential resource.
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.
Additional Information
Additional Information
Brad
Rourke |
Gordon
Robb |
President and CEO |
Business Development |
+1 250 877 9902 |
+1 250 217 2321 |
brad@scottieresources.com |
gordon@scottieresources.com |
|
|
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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