VANCOUVER, BC, Jan. 25, 2023 /PRNewswire/ – Scottie Resources Corp. (“Scottie” or the “Company“) (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to report new assays on its Blueberry Contact Zone including two high-grade intercepts of 34.5 g/t gold over 4.7 metres (SR22-186) and 130 g/t gold over 1.05 metres (SR22-222). Both of the high-grade intercepts occur at the lithological boundary between andesitic and siltstone units of the Hazelton Group; a near vertical, north-south oriented target known as the Blueberry Contact Zone. The high-grade intercept of Hole SR22-186 is approximately 90 metres downdip from hole SR22-156 which intercepted 194 g/t gold over 2.4 meters, reinforcing the extremely high-grade nature of that northern area of the deposit. Drilling in 2022 extended the strike length of the zone to >1450 metres and the depth to 390 metres. The Blueberry Contact Zone is 100% owned and royalty free and is located 2 kilometres north-northeast of the past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC, along the Granduc Road.
Table 1: Selected results from new drill assay results (uncut) from the Blueberry Contact Zone.
|Drill Hole||From (m)||To(m)||Width*(m)||Gold (g/t)||Silver(g/t)|
|* True thicknesses of mineralized intercepts are undetermined|
President and CEO, Brad Rourke: “Our 2022 drill program continues to deliver high grade intercepts. The team leveraged previously collected data in order to come up with aggressive, yet geologically prudent drill targets that would substantially increase the size of the deposit, as well as illustrate the continuity of high-grade zones within it. Our success rate along the structure points to a robust mineralizing system – which still offers tremendous upside through expansion. We’ve begun planning our 2023 program and are anticipating a minimum of 20,000 metres of diamond drilling for the area.”
About the Blueberry Contact Zone
The Blueberry 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 splay off zone of the main Blueberry Vein. The drill results received in 2020 and 2021, coupled with surficial mapping and sampling suggest that this splay is in fact a major N-S mineralized structure, of which the Blueberry Vein was only a secondary structure. This zone is much wider than pursued in previous exploration models and drilling in 2022 has expanded its strike length to >1,450 metres and its depth to 390 metres. The zone is steeply dipping, and there is no current restraint on its potential depth; the mineralization at the adjacent Scottie Gold Mine has a vertical extent greater than 450 metres. The Blueberry Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources’ Premier Project, which is fully financed for construction (Dec 12, 2022). Newcrest’s Brucejack Mine is located 25 kilometres to the north.
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.
Results from samples taken during the 2022 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 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.
Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry 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 property. Altogether Scottie Resources holds more than 60,000 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.
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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