Scottie Resources Reports Intercept of 12.0 g/t Gold Over 6.05 Metres and Extends Blueberry Zone 100 Metres to the South
09 Novembre 2021 - 1:00PM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to report
assays on its Blueberry Zone where new intercepts extend the strike
of the zone 100 m to the south, including 4.27 g/t gold over 11.9
metres – the structure has now been drill tested over 650 metres in
strike-length. Additionally, drill hole SR-21-90 intersected 12.0
g/t gold over 6.05 in a 100 m step-out from the nearest intercept
on the structure. 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.
“Our aggressive step-out drill spacing this year
on the Blueberry Zone have all intersected gold mineralization,
including high-grade gold. These remarkable results show the size
and strength of the gold system present at our Blueberry Zone, and
further support our geological model,” comments President and CEO,
Brad Rourke. “Simultaneously, we have shown that high-grade gold
continues at depth in significant step-outs that test the
continuity of the overall structure. Scottie’s Blueberry Zone is
located only one hour drive north of the town of Stewart along the
Granduc Haul Road, and all reported gold results are from areas
underlying or adjacent to existing roads.”
Table 1: Selected results from new
drill assay results (uncut) from the Blueberry Zone.
Drill Hole |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
SR21-75 |
|
8.00 |
19.90 |
11.90 |
4.27 |
4.32 |
including |
8.00 |
10.55 |
2.55 |
13.5 |
6.37 |
and including |
17.43 |
19.90 |
2.47 |
5.95 |
5.87 |
and |
46.56 |
47.42 |
0.86 |
6 |
9.2 |
SR21-90 |
|
147.00 |
153.05 |
6.05 |
12.0 |
6.90 |
SR21-72 |
|
4.36 |
4.65 |
0.29 |
125 |
35.9 |
SR21-73 |
|
5.50 |
7.00 |
1.50 |
11.2 |
6.20 |
* True thicknesses of
mineralized intercepts are undetermined
“This year’s drilling at Blueberry has been a
huge technical success, due in large part to a strong collaborative
effort amongst the geological team working on Scottie. The
advancements in our geological model and understanding of the
controls on mineralization have allowed us to effectively and
successfully target large step-outs along the structure. The zone
keeps expanding and with over 3,000 m of drill results still
outstanding, the Blueberry Zone still has a lot more news to
deliver over the next few months,” comments VP Exploration, Dr.
Thomas Mumford.
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/cbfa257c-9193-478b-921d-c55b1f909760
A photo accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/630ac28c-395e-40c7-8612-c35ff33eeac2
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).
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
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“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.
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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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