Scottie Resources Announces Commencement of 2024 Drill Campaign
SCOTTIE RESOURCES ANNOUNCES COMMENCEMENT OF
2024 DRILL CAMPAIGN
VANCOUVER, BC
,
July 16, 2024
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE: SR8) is pleased to announce the commencement of its 2024 drill program on the Scottie Gold Mine Project,
located in BC's Golden Triangle. Following the detailed exploration plan outlined in
May 2024
, the
$4.5 million dollar
program aims
to advance multiple areas, including the Scottie Gold Mine, Blueberry Contact Zone, and D-Zone targets, while initiating drilling on
new showings and historic sites.
Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating known mineralized zones along the margin of the
Texas Creek intrusive, and the planned 2024 exploration objectives. (CNW Group/Scottie Resources Corp.)
President and CEO,
Brad Rourke
, commented: "With two drills turning, our program this year is set to efficiently build on Scottie's
exploration successes at the Blueberry Contact Zone, the Scottie Gold Mine, and D-Zone. With a solid financial base and a clear
strategy, we are well-positioned to capitalize on emerging opportunities in the area."
2024 Exploration Program
Drilling has commenced with one diamond drill targeting the Blueberry Contact Zone for expansion, and a fly-drill will focus on
targets requiring helicopter access, e.g. D-Zone and the Scottie Gold Mine. Total initial meterage budgeted is about 6,000
metres, spread across multiple targets, the allocation being dependant upon initial field observations and results. The program is
being developed with the ability to easily scale up, should the market conditions change.
The TerraSpec program (short-wave infrared spectroscopy) will be following up on positive initial results from a small pilot
program on the Blueberry Contact Zone that indicated a link between clay/mica minerals and proximity to the high-grade ore
shoots. The 2024 TerraSpec program will expand on these results in order to assess other deposits in the Scottie Gold Mine and
their relation to the adjacent Texas Creek intrusive. The program will combine data from surficial transects, analysis of historic drill
core, and the 2024 drill holes.
In addition to work on the Scottie Gold Mine Project, the company will be carrying out a concerted greenfield exploration program
on the Georgia Project where a new showing was discovered in 2023. The showing is located 3 kilometres south of the historic
Georgia River Mine
where a grab sample hosting visible gold ran 165 g/t gold. The 1.5 metre wide, banded quartz-carbonate-
chlorite vein is approximately 3 kilometres along strike of the historic
Georgia River Mine
. Additional field work is also planned on
the Cambria Project which is located between Ascot's Premier Project and their Red Mountain deposit. The project hosts multiple
small past-producing high-grade silver-rich polymetallic mines.
About the Scottie Gold Mine Project
Exploration of the Scottie Gold Mine Project over the past 5 years has produced exceptional drill results through the discovery of
high-grade gold in four new zones (Blueberry Contact Zone, Domino, D-Zone, P-Zone) and the expansion of previously drill
confirmed targets (Scottie Gold Mine, C-Zone, Bend Vein, Stockwork). When depicted on a map of property scale geology
(Figure 1) there is a clear spatial relation between the outcropping and drill-confirmed high-grade gold targets and the contact
with the Jurassic aged Texas Creek Plutonic suite intrusion. The new 2023 surface discovery of gold-rich vein style mineralization
between the Scottie Gold Mine and the C & D-Zones further supports this relationship. Geological work in the area has
established strong connections between the various deposits. The chemical, mineralogical, structural, and age relationships of the
deposits and host rocks support a genetic model whereby all deposits are linked to the same mineralizing event.
About the Blueberry Contact Zone
The Blueberry Contact 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 2023, the extent of the N-S zone, defined
by the contact between andesite and siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich
structures, has a drilled strike length of 1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone is
located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located
25 kilometres to the north.
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.
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.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact 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 58,500 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.
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For further information:
Additional Information: Brad Rourke, President and CEO, +1 250 877 9902,
[email protected]; Gordon Robb, Business Development, +1 250 217 2321, [email protected]
CO: Scottie Resources Corp.
CNW 07:30e 16-JUL-24