Bow Property Significantly Boosts Mineralized Footprint of Scottie GOLD MINE Pro Ject
BOW PROPERTY SIGNIFICANTLY BOOSTS MINERALIZED FOOTPRINT OF SCOTTIE GOLD MINE PRO JECT
Vancouver, British Columbia, April 26, 2019 – Scottie Resources Corp . (“Scottie” or the “Company”) (TSXV:
SCOT) is pleased to provide the following update on its Scottie Gold Mine property and its recently acquired
Bow propert y (see news release dated December 13, 2018) . The Bow property contiguous with the
Company’s 100% owned Scottie Gold Mine property which hosts the past producing Scottie Gold mine.
• Bow property hosts exceptional high-grade gold exposed at surface
• Encouraging cobalt results in Bow’s ‘Bend vein’
• Two new zones identified on the Scottie property
Following the recent acquisition of the B ow claims, a comprehensive compilation and review of all
available d ata was undertaken to help formulate exploration plans for the upcoming 2019 field season.
Based on the data review, the mineralization present on the Bow property has strong similarities to th at
observed at the Scottie Gold M ine property, notably the vein mineralogy, host rock, grades and alteration.
While the intercepts from the drilling done by Decade Resources Ltd. (“Decade”) on the Bow in 2014 and
2015 are impressive (see below) , we suspect that they are not representative of true vein thicknesses.
Regardless, we are strongly encouraged by the results as an indicator of the inherent grade potential and
continuity within the system. The Company’s planned 2019 field work will aim to get a better sense of the
true vein widths and delineate them at depth and along strike.
Bow’s high-grade gold mineralization
The Bow property hosts substantial vein -style high-grade gold mineralization at surface . Surficial grab
sampling by Decade in 2014 returned 33 samples with over 100 g/t gold . I ndividual veins have been
mapped on surface for up to 60 m along strike (widths averaging 1.5 - 2m), and have been traced
subsurface for hundreds of meters . Decade’s 2014 and 2015 drilling of the mineralized veins returned
exciting gold intercepts, including:
DDH No. From (m) To (m) Width (m) Au (g/t)
14-Bow-1 44.60 94.21 49.60 15.21
Including 58.91 72.10 13.20 56.70
14-Bow-2 31.55 44.21 12.66 39.43
16-Bow-4 14.79 20.88 6.09 17.17
16-Bow-5 15.24 21.04 5.79 21.18
Despite the similarities to the Scottie Gold Mine miner alization and favourable gold intercepts, historic
drilling programs on the Bow property have not tested the down dip potential of the vein, even though
mineralization remains open at depth - almost all drilling has been limited to less than 75 m from surface.
Assessing the vertical extent of the mineralization will be the primary objective during future drilling.
Bow’s cobalt-rich ‘Bend vein’
In addition to the high grade gold mineralization, the Bend vein (traced strike length of 700m) on the Bow
property is distinctively cobalt rich, with mineralization primarily occurring as cobaltite. In 2005 Tenajon
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Resources completed 535 m drilling on the Bend vein. Within the drilled mineralized zone the weighted
average grade was calculated at 13.3 g/t Au, 36.7 Ag, and 0.25% Co and 0.16% Cu across a n average true
width of 1.64 m. In 2016, significant cobalt was intersected in all 7 holes drilled by Decade; intercept widths
(not true width) ranged from 2.19 to 6.4 m, with values ranging from 0.10% to 0.23% Co. Follow up work by
the Company will focus characterizing the cobalt mineralization and understanding its distribution and
controls.
New zones on the Scottie Gold Mine property
Mineralization at the Scottie Gold M ine property consists of a series of parallel, ste eply dipping, NW -
trending, pyrrhotite-dominant shear veins. Past production from the mine was principally from one vein
(the M zone), however, four other local veins were tested with success for future production (O, L, N and S
zones). In addition to thes e zones, two new zones have been identified on the Scottie Gold Mine property
providing support for a geological model linking mineralization between the Scottie Gold Mine property and
the Bow property.
Given the proximity and the similarities (mineralizat ion and structure) between the Bow and Scottie Gold
Mine properties, we are actively testing a recently proposed geological model that links the vein
mineralization. This model is supported by evidence of smaller parallel veins between them, including two
new vein zones identified during Scottie’s 2018 field season in the corridor between the Scottie Gold Mine
property and the Bow property. The zones were discovered in a 2.1 km access tunnel that was built during
production to allow all -season access to the mine. Surprisingly, no historical data has been found to
indicate that the tunnel was ever geologically mapped or sampled. During the 2018 field program, limited
prospecting of the tunnel yielded two mineralized grab samples, 2.0 g/t and 8.1 g/t gold, both found in vein
structures parallel to the main Scottie Gold Mine mineralization.
Scottie’s VP Exploration, Dr. Thomas Mumford commented: “The Bow property hosts exceptional
mineralization at surface and is only a few kilomet res northeast of the Scottie Gold Mine. Decade’s drill
results from the Bow property suggest a similar mineralization style to the Scottie Gold Mine. We are
excited to get into the field this summer to confirm the numerous high- grade intercepts and follow-up by
testing the down -dip continuity. The position and high- grade mineralization on the Bow Property
strategically add to the Scottie Gold M ine property and are consistent with a recently proposed geological
model for the formation and distribution of mineralization at the Scott ie Gold M ine. Exploration work
during this upcoming field season will focus on linking the mineralization between the two properties. We
consider the Bow property to be a natural extension of the Scottie Gold M ine property, and are eager to
test targets between the principal mineralized zones in the respective properties to prove the linkage.”
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.
Stock Options
The Company has granted a total of 1,000,000 stock option s to an officer and consultant to the Company,
entitling him to purchase one common share for each option held at a price of $0.22 per sha re and valid
for a period of five years. The options will vest in accordance with the Company’s stock option plan.
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ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the high grade, past -producing Scottie Gold Mine property and has the
option to purchase a 100% interest in the Bow property which is contiguous with the Scottie Gold Mine
property. Scottie owns 100% interest s in the Ruby Silver and Black Hills properties and has the option to
purchase a 100% interest in the Bitter Creek property w hich joins the Ruby Silver property with the Black
Hills property.
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.
Further information on Scottie can be found on the Company’s website at www.scottieresources.com and
at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke”
President & CEO
FORWARD LOOKING STATEMENTS
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that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”,
“anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and simil ar 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
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