Scottie Commences 2019 Exploration Program at Summit Lake, Golden Triangle
SCOTTIE COMMENCES 2019 EXPLORATION PROGRAM AT SUMMIT LAKE,
GOLDEN TRIANGLE
Vancouver, British Columbia, August 1, 2019 – Scottie Resources Corp. (“Scottie” or the
“Company”) (TSXV: SCOT) announces commencement of its 2019 exploration program
on its Summit Lake property which consists of claims that it owns or has the option to
purchase 100% interest in. The Summit Lake property is comprised of 4,877 ha of mineral
claims that surround the historic Scottie Gold Mine, which produced 95,400 ounces of
high-grade gold (BC Minfile), located approximately 50 kilometers north of Stewart, British
Columbia in the Skeena Mining Division. The Scottie Gold Mine is situated 14 km north
of the Premier Gold Mine, and 20 km south of Brucejack Gold Mine, all within the prolific
Golden Triangle of northern British Columbia.
The geological setting of the Scottie Gold Mine and the surrounding Summit Lake property
is comprised of Jurassic age Hazelton Group volcanic s and phases of the Texas Creek
Plutonic Suite. The location of the Scottie Gold Mine and surrounding Summit Lake claims
within the Golden Triangle have a similar geological setting to several nearby world-class
gold deposits including: Eskay Creek, Brucej ack, Premier, Snip, Red Mountain and
Scottie Gold Mine. All together the Golden Triangle has reported mineral resources (past
production and current resources) of 67 million oz of gold, 569 million oz of silver, and 27
billion pounds of copper (Fig. 1).
Figure 1 – Deposits within BC’s Golden Triangle
Mineralization at the Scottie Gold Mine consists of at least thirteen zones of gold bearing
quartz-carbonate sulphide (pyrite- pyrrhotite +/ - chalcopyrite +/ - galena+/- sphalerite)
veining. These veins appear to be controlled by complex, sub-parallel shear and fracture
zones related to the emplacement of the Texas Creek Suite - Summit Lake Pluton. Within
these veins highly anomalous gold values occur in discreet shoots. Base metal and silver
values are in general, only slightly to moderately enriched. The style of mineralization is
characteristic of deposits classified as being intrusion related mesothermal veins.
Mineralization occurs over a vertical extent of at least 1250 m, from a topographic height
of approximately 2100 m down to at least 850 m.
Within the Summit Lake mineral claims the company has delineated an area coincident
with the Summit Lake Stock boundary of at least 5 km length that has potential to host
mineralization within silicified zones and veins. Historic work on the Summit Lake claims
has been minimal - no drill results despite very promising geophysical targets, and only
an estimated 10- 20% of the claims have seen reasonably detailed prospecting for
potential gold- bearing structures . Mineralization is comprised of high -grade gold
associated with pyrite- pyrrhotite veins which produce a distinctive magnetic and
electromagnetic signature. Within the Scottie Gold Mine and the Summit Lake property
airborne and ground geophysical surveys have delineated 6 geophysical anomalies that
are targeted for follow-up (Fig. 2).
Figure 2 – Features of the Summit Lake Property
In 2016, a new zone called the 6 Ounce Zone was located at the south boundary of the
Scottie Gold Mine Crown Grants (now contiguous with the Summit Lake claims, Fig. 2).
Sampling in the area returned grab samples with values of 205.5 g/t (6 oz) and 11.21 g/t
gold. This new zone is at least 2 km south of the past mine workings and is part of an
area that contains numerous sulphide- rich veins that have been recently exposed by
retreating glaciers.
The northern portion of the Summit Lake claims is transected by a 5 km interval of the
tunnel that was created to provide access between the Granduc Mine and mill –
investigation of rocks exposed in the tunnel will provide invaluable information to the
geology of the area.
Thomas Mumford, Ph.D., 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 Resources Corp. is a gold exploration company focused on exploring and
advancing the Scottie Gold Mine and its other properties. The company is the first to
acquire such a significant land package to compliment the Scottie Gold Mine and add to
its regional potential. Scottie has 100% ownership of the Scottie Gold Mine, Stock, Ruby
Silver, and the Black Hills properties, which together total 8,800 ha. Scottie has the option
to purchase 100% interests in the Bow property, the Bitter Creek property and the Summit
Lake property.
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 & CEO at (250) 877-9902.
ON BEHALF OF THE BOARD OF DIRECTORS
“Bradley Rourke”
President & CEO
FORWARD LOOKING STATEMENT
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.
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is defined in the policies of TSX Venture Exchange) accepts responsibility for the
adequacy of accuracy of this release