VANCOUVER, BC, July 16,
2024 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE: SR8) is pleased to announce the commencement of its
2024 drill program on the Scottie Gold Mine Project, located in
BC's Golden Triangle. Following the detailed exploration plan
outlined in May 2024, the
$4.5 million dollar program aims to
advance multiple areas, including the Scottie Gold Mine, Blueberry
Contact Zone, and D-Zone targets, while initiating drilling on new
showings and historic sites.
President and CEO, Brad Rourke,
commented: "With two drills turning, our program this year is set
to efficiently build on Scottie's exploration successes at the
Blueberry Contact Zone, the Scottie Gold Mine, and D-Zone. With a
solid financial base and a clear strategy, we are well-positioned
to capitalize on emerging opportunities in the area."
2024 Exploration Program
Drilling has commenced with one diamond drill targeting the
Blueberry Contact Zone for expansion, and a fly-drill will focus on
targets requiring helicopter access, e.g. D-Zone and the Scottie
Gold Mine. Total initial meterage budgeted is about 6,000 metres,
spread across multiple targets, the allocation being dependant upon
initial field observations and results. The program is being
developed with the ability to easily scale up, should the market
conditions change.
The TerraSpec program (short-wave infrared spectroscopy) will be
following up on positive initial results from a small pilot program
on the Blueberry Contact Zone that indicated a link between
clay/mica minerals and proximity to the high-grade ore shoots. The
2024 TerraSpec program will expand on these results in order to
assess other deposits in the Scottie Gold Mine and their relation
to the adjacent Texas Creek intrusive. The program will combine
data from surficial transects, analysis of historic drill core, and
the 2024 drill holes.
In addition to work on the Scottie Gold Mine Project, the
company will be carrying out a concerted greenfield exploration
program on the Georgia Project where a new showing was discovered
in 2023. The showing is located 3 kilometres south of the historic
Georgia River Mine where a grab
sample hosting visible gold ran 165 g/t gold. The 1.5 metre wide,
banded quartz-carbonate-chlorite vein is approximately 3 kilometres
along strike of the historic Georgia River
Mine. Additional field work is also planned on the Cambria
Project which is located between Ascot's Premier Project and their
Red Mountain deposit. The project hosts multiple small
past-producing high-grade silver-rich polymetallic mines.
About the Scottie Gold Mine Project
Exploration of the Scottie Gold Mine Project over the past 5
years has produced exceptional drill results through the discovery
of high-grade gold in four new zones (Blueberry Contact Zone,
Domino, D-Zone, P-Zone) and the expansion of previously drill
confirmed targets (Scottie Gold Mine, C-Zone, Bend Vein,
Stockwork). When depicted on a map of property scale geology
(Figure 1) there is a clear spatial relation between the
outcropping and drill-confirmed high-grade gold targets and the
contact with the Jurassic aged Texas Creek Plutonic suite
intrusion. The new 2023 surface discovery of gold-rich vein style
mineralization between the Scottie Gold Mine and the C &
D-Zones further supports this relationship. Geological work in the
area has established strong connections between the various
deposits. The chemical, mineralogical, structural, and age
relationships of the deposits and host rocks support a genetic
model whereby all deposits are linked to the same mineralizing
event.
About the Blueberry Contact Zone
The Blueberry Contact Zone is located just 2 kilometres
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 N-S oriented
zone adjacent to the main Blueberry Vein. The drill results
received from 2020 - 2023, coupled with surficial mapping and
sampling suggest that the N-S mineralized trend is a first order
structure that hosts an array of SW-trending, sub-parallel,
sulphide-rich veins that obliquely crosscut it which host
high-grade gold. As of the end of 2023, the extent of the N-S zone,
defined by the contact between andesite and siltstone units of the
Hazelton Formation and the presence of the cross-cutting
sulfide-rich structures, has a drilled strike length of 1,550
metres and has been tested to >525 metres depth. The
Blueberry Contact Zone is located on the Granduc Road, 20
kilometres north of the Ascot Resources' Premier Mine. Newmont's
Brucejack Mine is located 25 kilometres to the north.
Quality Assurance and Control
Results from samples taken during the 2023 field season were
analyzed 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 gold).
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.
Dr. Thomas Mumford, P.Geo., 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 Scottie Gold Mine Property
which includes the Blueberry Contact Zone and the high-grade,
past-producing Scottie Gold Mine. 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 and Tide North properties.
Altogether Scottie Resources holds approximately 58,500 hectares 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.
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.
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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SOURCE Scottie Resources Corp.