Scout Minerals Completes Phase 1 Field Work at the North McKinney Property, British Columbia
SCOUT MINERALS COMPLETES PHASE 1 FIELD WORK AT
THE NORTH MCKINNEY PROPERTY, BRITISH COLUMBIA
Vancouver, British Columbia, November 15, 2022 – Scout Minerals Corp. Corp. (CSE: SCTM) ( “Scout” or
the “Company”) is pleased to announce the completion of field work in the phase 1 program at the North
McKinney exploration property (the “McKinney Property”, or the “Property”).
The McKinney Property is located on the southeast slope of Mt. Baldy in southern British Columbia,
approximately 25 kilometres northeast of the town of Osoyoos, British Columbia, and directly north of
the past-producing Caribou-Amelia mine at Camp McKinney.
Highlights of Phase 1 Field Work Completed:
Numerous historical workings were found during the program including the Highland Chief
workings that demonstrate historical underground development activity.
711 soil samples were collected to provide tighter infill spacing and extend a multi-element
trend previously identified in field work.
33-line kilometers ground magnetic geophysical survey provided data indicating structural and
subsurface lithological trends.
40 rock grab* samples were collected from several new showings encountered across the
Property.
* Grab samples are by definition selective. Grab samples are solely designed to show the presence or
absence of mineralization, and are not intended to provide nor should be construed as a representative
indication of grade or mineralization at the McKinney Property.
Scout’s President and CEO, Jeffrey Wilson stated, “We are pleased to announce the completion of this
first phase of field work at the McKinney Property. The work conducted satisfies the first-year expenditure
requirements under the underlying property option agreement, and will provide important geological and
geophysical data to advance the Company’s understanding of the Property’s potential. Upon receipt of all
pending analytical results, the Company will be equipped to determine a potential second phase of work
for ongoing exploration planning and potential future target delineation.”
The phase 1 field program was designed to follow-up on and expand upon positive precious and base
metal rock and soil sample results received from campaigns undertaken by previous operators in 2020
and 2021. Numerous historical workings were encountered and sampled during the field program. Most
notably, the Highland Chief workings were re-discovered by the field team and six rock samples were
collected from the immediate vicinity of the collapsed workings. These samples appear well mineralized
in comparison to previous samples taken from the general area of the Highland Chief. The Highland Chief
workings were reported to include an adit driven at least 100 ft along a mineralized vein (Midway Advance,
1896; Annual Report Minister of Mines, 1895), and is one of the more developed showings on the Property
that saw historical development activity.
An extensive soil grid comprising 711 samples designed to infill and extend a multi-element trend
identified through field work in 2021 and expand upon a separate grid-limit multi-line anomaly left open
to the west after 2021 field work was completed. A portable XRF analyzer was used to analyze soil
samples daily to help refine prospecting targets and allow for on-the-fly grid extensions, and preliminary
XRF data indicates that both objectives were met by the program.
The 33-line kilometer ground magnetic program was envisioned to provide data indicating structural and
subsurface lithological trends. Previous work in the region by the geological team on multiple projects
has shown that the contacts between pronounced magnetic highs and lows are prospective areas for
mineral enrichment. The 2022 North McKinney magnetic grid successfully identified a series of important
contrasts not only in the areas around known showings and workings, but in newly explored areas as well.
Contacts show two preferential orientations; roughly NE/SW and roughly E/W. Notably, a prominent
intersection point between these two lineaments occurs at the Highland Chief workings discussed above,
inferring a promising exploration model moving forward.
The Company expects to announce the results of the lab analysis and assay results related to the 2022
Phase 1 field program in due course.
About The McKinney Property
The Company secured an option to earn-in to an undivided 75% interest in the McKinney Property
pursuant to a property option agreement with 1218802 B.C. Ltd., dated January 27, 2022. The McKinney
Property covers a geological setting that is considered prospective for polymetallic vein mineralization
similar to known gold-bearing mesothermal veins first discovered at the McKinney camp. Historical and
more recent exploration campaigns have yet to fully evaluate the potential of the known mineralization
discovered to date. The McKinney Property is accessible by a series of all-weather gravel logging roads
that bring access both to the west and east sides. The Property is composed of five mineral claims totalling
approximately 1,289 hectares.
Qualified Person
In accordance with National Instrument 43-101, Ken MacDonald P.Geo., is the Qualified Person for the
Company and has reviewed and approved the technical and scientific content of this news release.
About Scout Minerals Corp.
Scout Minerals Corp. is a junior mining company engaged in the acquisition, exploration and development
of mineral properties. The company is currently focused on the McKinney Property located in the Osoyoos
mining division of British Columbia.
Contact Information
For more information, please contact:
Jeffrey Wilson – Chief Executive Officer
E-mail: [email protected]
Cautionary Note Regarding Forward-Looking Statements
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this
release.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. "Forward-looking information" includes, but is not limited to, statements
with respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future. Generally, but not always, forward-looking information and statements can be
identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or
variations of such words and phrases or state that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur", or "be achieved", or the negative connotation thereof. These
forward-looking statements or information may relate to: exploration at the McKinney Property; and the
release of exploration results related to work conducted at the McKinney Property.
Such forward-looking information and statements are based on numerous assumptions, including among
others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned
exploration activities, that general business and economic conditions will not change in a material adverse
manner, that financing will be available if and when needed and on reasonable terms, that third party
contractors, equipment and supplies and governmental and other approvals required to conduct the
Company’s planned exploration activities will be available on reasonable terms and in a timely manner.
Although the assumptions made by the Company in providing forward-looking information or making
forward-looking statements are considered reasonable by management at the time, there can be no
assurance that such assumptions will prove to be accurate.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors and risks include, among others: the Company may require
additional financing from time to time in order to continue its operations which may not be available
when needed or on acceptable terms and conditions acceptable; compliance with extensive government
regulation; domestic and foreign laws and regulations could adversely affect the Company’s business and
results of operations; the stock markets have experienced volatility that often has been unrelated to the
performance of companies and these fluctuations may adversely affect the price of the Company’s
securities, regardless of its operating performance; the impact of COVID-19; the ongoing military conflict
in Ukraine, and other risk factors set out in the Company’s public disclosure documents.
The forward-looking information contained in this news release represents the expectations of the
Company as of the date of this news release and, accordingly, is subject to change after such date. Readers
should not place undue importance on forward-looking information and should not rely upon this
information as of any other date. The Company does not undertake any obligation to update these
forward-looking statements in the event that management's beliefs, estimates or opinions, or other
factors, should change.