Scottie Resources Reports Intercepts 16.5 g/t Gold Over 10.0 Metres and 28.8 g/t Gold Over 4.94 Metres in Northern Blueberry Zone Extension
07 Octobre 2021 - 2:30PM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to report
additional new assays on the previously announced northern
extension of the Blueberry Zone, including intercepts of 16.5 g/t
gold over 10.0 metres and 28.8 g/t gold over 4.94 metres. Recent
drilling at the Blueberry Zone has extended it to more than 550
metres in strike length, and it remains open along strike and at
depth (September 21, 2021). The Blueberry Zone is located on the
Granduc Road, 2 km north-northeast of the past-producing high-grade
Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC.
“These additional high-grade hits on the
northern extension of the Blueberry Zone confirm that the structure
has both grade and continuity,” comments President and CEO, Brad
Rourke: “We continue to advance this zone by additional drilling
holes along strike and down dip from these strong results. So far
this season our drilling has been quite successful in increasing
the size potential of the zone, adding hundreds of metres to the
strike length. In addition to being a high-grade near surface
target, the access to the Blueberry Zone is what sets it apart,
existing alongside an all-season road is something truly unique in
the Golden Triangle.”
Table 1: Selected results from new
drill assay results (uncut) from the Blueberry Zone.
DrillHole |
|
From(m) |
To(m) |
Width*(m) |
Gold(g/t) |
Silver(g/t) |
SR21-81 |
|
43.06 |
48.00 |
4.94 |
28.8 |
2.50 |
|
including |
43.06 |
46.06 |
3.00 |
47 |
3.96 |
|
and |
68.15 |
70.74 |
2.59 |
2.37 |
5.90 |
SR21-82 |
|
28 |
38 |
10.00 |
16.5 |
3.24 |
|
including |
29.46 |
34.06 |
4.60 |
34.8 |
4.90 |
|
including |
29.46 |
30.83 |
1.37 |
106 |
18.90 |
* True thicknesses of
mineralized intercepts are undetermined
Following on successful drill results from 2020
– including intercepts of up to 22.3 g/t gold over 6.10 metres –
drill targeting at the Blueberry Zone has focussed on testing the
north-south contact between andesitic rocks and siltstones of the
Early Jurassic Hazelton Group and their relation to intersecting
ENE-trending pyrrhotite-rich veins. Detailed surficial mapping of
the contact combined with modelling of the subsurface mineralized
structures identified in 2020, has been effective in predicting the
orientation and extent of the mineralized zone.
A total 5,000 metres of drilling has been
allocated to testing the Blueberry Zone during the 2021 season,
which has been drilled in two phases in order to utilize assays
from phase 1 to refine targets in phase 2. Drilled hole lengths
vary between 40 and 320 metres, testing both near surface targets
as well as deeper plunging ore-shoots along the primary north-south
structure.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/770092e4-81b5-476c-9217-d72e21e35c0d
About the Blueberry Zone
The Blueberry Zone is located just 2 km
northeast 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
gold over 1.90 metres. Despite high-grade surficial samples and
easy road access, the Blueberry Vein had only limited reported
drilling prior to the Company’s exploration work. 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. The drill results
received in 2020, coupled with surficial mapping and sampling
suggest that this splay is in fact a major N-S mineralizing
structure, of which the Blueberry Vein was only a secondary
structure. This near surface zone is much wider than pursued in
previous exploration models and drilling in 2021 aims to expand its
strike length. The Blueberry Zone is located on the Granduc Road,
20 km north of the Ascot Resources’ Premier Project, which is in
the process of refurbishing their mill in anticipation of
production in 2022 (August 10, 2021).
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9d01cb91-ad6a-45f2-a7c7-30e036dd5196
Quality Assurance and Control
Results from samples during the 2021 field
season were analyzed at either ALS Laboratory in Vancouver, BC or
at SGS Minerals in Burnaby, BC. The sampling program was undertaken
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 multi-element ICP-AES 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 |
|
|
Brad Rouke |
Gordon Robb |
President and CEO |
Business Development |
+1 250 877 9902 |
+1 250 217 2321 |
brad@scottieresources.com |
gordon@scottieresources.com |
Forward Looking StatementsThis
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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