, by Scottie Resources Corp (TSXV: SCOT), please
CORRECTION - SCOTTIE RESOURCES CORP.
In a release issued
Tuesday, October 31, 2023
, by Scottie Resources Corp (TSXV: SCOT), please
note that the headline should have read "Scottie Resources Intercepts 13 G/T Gold Over 8.5 Metres
and 10.4 G/T Gold Over 7.65 Metres at Blueberry Contact Zone" and not "Scottie Resources
Intercepts 8.5 G/T Gold Over 13 Metres and 7.65 G/T Gold Over 10.4 Metres at Blueberry Contact
Zone" and that the table was correct. The corrected release follows:
SCOTTIE RESOURCES INTERCEPTS 13 G/T GOLD OVER 8.5 METRES AND 10.4 G/T GOLD
OVER 7.65 METRES AT BLUEBERRY CONTACT ZONE
VANCOUVER, BC
,
Oct. 31, 2023
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
")
(TSXV: SCOT) is pleased to report new assays on the Scottie Gold Mine Project in
British
Columbia's
Golden Triangle, including several high-grade intercepts on the Road and Fifi vein zones
along the Blueberry Contact. Together the results continue to define the high-grade, outcropping
deposit and provide valuable context and insight into the structural details of the system. The
Blueberry Contact Zone is located 2 kilometres north-northeast of the 100% owned and royalty free,
past-producing high-grade
Scottie Gold Mine
, 35 kilometres north of the town of
Stewart, BC
, along
the Granduc Road.
Highlights:
Road zone drillhole SR23-261 intersected
10.4 grams per tonne (g/t) gold over 7.65 metres
(m)
including
51 g/t gold over
1 m
(Table 1, Figures 1,2,5)
Drillhole SR23-264 targeted the Fifi vein zone, intersecting
88.4 g/t gold over
2.00 m
and
4.41
g/t gold over
4.5 m
(Table 1, Figures 1,3,5)
High-grade intercepts occur on the siltstone side of the Blueberry Contact
Drillhole SR23-273 targeted the Fifi vein zone, intersecting
13.0 g/t gold over
8.5 m
and
5.12
g/t gold over
2.00 m
(Table 1, Figures 1,4,5)
Intercept occurs at a depth from surface of approximately 145 m
President and CEO,
Brad Rourke
commented: "These additional results from the Blueberry Contact
Zone exceed our expectations and further confirm our view that we have begun to delineate a high-
grade gold system that extends to surface. Year after year our team continues to successfully
execute on our ever-increasing exploration plans. This year we completed our biggest program to
date, with
20,000 m
of drilling – and finished 2 weeks early and over
$1 M
under budget, a
remarkable feat in a period of rapid cost increases."
The higher-grade intercept in SR23-264 is particularly notable as it occurs on the siltstone side of
the Blueberry Contact, and at an appreciable lateral distance from the contact (
60 m
). Previous
drilling assumed the majority of the high-grade mineralization was confined to the andesite side of
the system, and that extensions into the siltstone were limited in extent (~5-
15 m
). However, a
compilation and interpretation over the winter suggested there may be more continuity of grade
further into the siltstone than was previously drill tested, and that prior drilling was inherently biased
to the andesite side. During the 2023 drill program this theory was tested in multiple locations by
extending holes further into the siltstone to target potential extensions of known vein zones. The
intercept of
88.4 g/t gold over
2.00 m
in SR23-264 validates this concept and provides significant
upside for future drill programs to expand the mineralized footprint of the system through further
exploration on the siltstone side.
Table 1:
Selected results from new drill assays (uncut) from the Blueberry Contact Zone.
Drill Hole
From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Silver
(g/t)
SR23-252
81.40
82.85
1.45
2.36
3.0
114.90
117.00
2.10
3.24
0.0
125.00
127.00
2.00
2.21
0.0
SR23-254
41.00
45.00
4.00
1.51
0.0
113.00
118.00
5.00
1.47
8.0
including
117.00
118.00
1.00
3.20
19.0
SR23-255
41.00
42.20
1.20
2.90
32.0
381.00
382.00
1.00
2.35
2.0
SR23-256
266.20
267.30
1.10
7.01
4.0
279.20
281.20
2.00
1.62
33.0
358.45
359.45
1.00
3.37
2.0
417.00
426.00
9.00
1.67
3.1
including
420.00
422.10
2.10
4.66
6.1
436.65
437.65
1.00
6.09
41.0
SR23-259
193.55
195.10
1.55
1.50
0.0
206.00
207.55
1.55
4.24
2.0
225.35
227.20
1.85
1.72
3.0
413.85
415.85
2.00
1.68
1.5
SR23-261
149.90
150.90
1.00
14.5
7.0
240.60
241.80
1.20
2.58
4.0
258.00
259.00
1.00
7.21
6.0
268.65
276.30
7.65
10.4
2.6
including
275.30
276.30
1.00
51.9
12.0
SR23-264
256.50
261.00
4.50
4.41
1.3
292.00
294.00
2.00
88.4
25.0
SR23-273
119.00
121.00
2.00
5.12
2.0
141.00
149.50
8.50
13.0
5.6
including
145.00
147.50
2.50
33.4
10.6
155.00
156.50
1.50
1.80
5.0
*True width of the intervals has not yet been established by drilling
Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating the locations of the
reported drill results, cross-sections (Figures 2 - 4), and the distribution of the modelled sulphide-rich
cross-structures. (CNW Group/Scottie Resources Corp.)
Figure 2: Cross-section displaying vein and contact style intercepts highlighted by the recent
intercept in SR23-261 located in the Road vein portion of the Blueberry Contact Zone. (CNW
Group/Scottie Resources Corp.)
Figure 3: Cross-section displaying vein intercepts highlighted by SR23-264 in the Fifi - Lemoffe
portion of the Blueberry Contact Zone. (CNW Group/Scottie Resources Corp.)
Figure 4: Cross section displaying vein intercepts highlighted by SR23-273 in the Fifi - Lemoffe
portion of the Blueberry Contact Zone. Cross-section is updated from the original C – C’ section
released on September 6, 2023. (CNW Group/Scottie Resources Corp.)
Figure 5: Segmented vertical long section of the Blueberry Contact Zone illustrating the distribution
and status of drilled targets from the 2023 season and the reported results thus far, relative to
intercepts from previous drilling campaigns. (CNW Group/Scottie Resources Corp.)
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 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 2022, the
extent of the N-S zone, defined by the contact between andesite and siltstone units of the
Hazelton
and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of 1,550
metres and has been tested to 400 metres depth. The Blueberry Zone is located on the Granduc
Road, 20 kilometres north of the Ascot Resources' Premier Project, which is fully financed for
construction. Newcrest's Brucejack Mine is located 25 kilometres to the north.
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.
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.
ABOUT SCOTTIE RESOURCES CORP.
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 and Tide North properties. Altogether Scottie Resources
holds approximately 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.
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/October2023/31/c6972.html
%SEDAR: 00031828E
For further information:
Brad Rourke, President and CEO, +1 250 877 9902,
[email protected], Gordon Robb, Business Development, +1 250 217 2321,
CO: Scottie Resources Corp.
CNW 18:54e 31-OCT-23