Scottie Resources Announces Encouraging Surface Exploration Results from Its Scottie GOLD MINE and Summit Lake Properties IN Bc’S Golden Triangle
SCOTTIE RESOURCES ANNOUNCES ENCOURAGING SURFACE EXPLORATION RESULTS FROM ITS
SCOTTIE GOLD MINE AND SUMMIT LAKE PROPERTIES IN BC’S GOLDEN TRIANGLE
Vancouver, British Columbia, August 27, 2019 – Scottie Resources Corp. (“Scottie” or the “Company”)
(TSXV: SCO T) is excited to share preliminary field observations from th e current season’s exploration
program on its Scottie Gold Mine and newly acquired Summit Lake properties. The claims are located 20
km south of Pretium’s Brucejack Mine and 14 km north of Ascot’s Premier Mine in BC’s Golden Triangle.
Multiple property acquisitions during 2019 increased Scottie Resources ’ land package in the Golden
Triangle from 8381 ha to 18544 ha. One of the most notable procurements was the Summit Lake
Property, a 4877 ha contiguous group of claims that was previously held by a private company for the
past few decades . Historical exploration on the claims has been minimal, particularly in areas requiring
helicopter access – resulting in large area s that ha ve not seen boots on th e ground since the early
1990’s. Since that time the area has seen unprecedented glacial retreat , revealing expanses of outcrop
that have never been assessed.
Name Vein type Minerals
Observed
Strike
Length
Average
Width /
Orientation
Other
Comments
Domino
Massive sulphide
lens + quartz-
carbonate veins
Pyrrhotite + pyrite +
chalcopyrite +/-
galena
> 30 m 4 m / ENE
On strike with
Scottie Gold
Mine
Top Rope
Massive sulphide
vein + parallel quartz-
carbonate veins
Pyrrhotite +
chalcopyrite + pyrite
+ tetrahedrite
100 m ~ 0.75 m / ENE
to NE
Local quartz-
sericite-pyrite
alteration
Tombstone
Massive sulphide
vein + parallel quartz-
carbonate veins
Pyrrhotite +
chalcopyrite + pyrite
+ tetrahedrite
75 m ~ 0.75 m / ENE
Local quartz-
sericite-pyrite
alteration
Lone wolf Sulphide-rich quartz-
carbonate veins
Pyrite + pyrrhotite +
galena 75 – 100 m < 0.3 m / SE
Variable
sulphide % -
locally massive
The Mayor Polymetallic quartz-
rich vein
Pyrite + sphalerite +
galena + chalcopyrite 100 m 0.2 m / E to
NE
Multiple parallel
veins
Kingpin Massive sulphide +
quartz vein
Sphalerite + galena +
pyrite +/-
tetrahedrite
> 50 m 0.3 m / ENE
Extends
underneath
glacier
Table 1 – New Mineral Occurrences on the Summit Lake Property
Field work this season has largely focused on ground -truthing prospective areas including numerous
electromagnetic (EM) anomalies identified in a previous airborne geophysical survey. The EM targets
have similar geophysical signatures to those observed on local gold-bearing structures including the
Bend and Blueberry veins, C and D zones, and the past-producing Scottie Gold Mine (Fig. 1).
Already during the 2019 field season, 6 new significant mineral occurrences have been discovered on the
Summit Lake Property (Table 1, Fig. 1) , all in areas of glacial ret reat – assays on the zones are still
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pending, but preliminary geology is encouraging given the similarities to veins controlling mineralization
at the Scottie Gold Mine. The Scottie Gold Mine operated from 1981 – 1984, ultimately shutting down
due to a dro p in gold price combined with high -interest rates. During operation the mine produced
95,426 oz at an average recovered grade of 16.25 g/t. Mineralization consists of east-west to northwest
trending, steeply dipping, shear veins, that are comprised of pyrr hotite > pyrite ± quartz ± calcite. The
veins are hosted in a package of andesitic volcanics from the Hazelton Unuk River Formation that are
situated adjacent to the contact with the Summit Lake stock, part of the Texas Creek Plutonic Suite.
Figure 1- Map of the Summit Lake Property Highlighting New Mineral Occurrences
In addition to the promising new mineral occurrences , property scale geological m apping has revealed
previously unreported contacts in the area, some of which could signify the presence o f an important
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regional scale structure bisecting the Summit Lake property. Further follow-up work will be required to
confirm its presence.
Thomas Mumford VP Exploration of Scottie Resources , commented: “Favorable early season weather
allowed our team to explore areas of substantial glacial retreat , revealing exceptional geology and new
sampling opportunities. I am continually surprised by our good fortune, with Scottie geologists having
discovered 6 new mineral occurrences with substantial sulphide miner alization that exhibit strong
similarities to that observed in the Scottie Gold Mine. The whole team is excited to get the assay results
back to see what we have!”
Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under Nation al
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 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% interests in the Ruby Silver and Black Hills properties and has the option to
purchase a 100% interest in the Bitter Creek property which 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 informa tion 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
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”, “int ends”, “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 re asonable 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 m anagement 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 Exchang e nor its Regulation Services Provider (as that term is defined in the
release.