Scottie Resources Drills Intercept of 13.3 G/T GOLD over 12.5 Metres IN First Holes of 15,000+ Metre 2022 Drill Program
SCOTTIE RESOURCES DRILLS INTERCEPT OF 13.3 G/T GOLD OVER 12.5
METRES IN FIRST HOLES OF 15,000+ METRE 2022 DRILL PROGRAM
VANCOUVER, BC
,
Aug. 30, 2022
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to
report the results from the first three holes of its 2022 drill program on its high-grade Blueberry Contact Zone, including intercepts of 13.3 g/t gold over 12.5
metres including 37.5 g/t over 2.5 metres. The Blueberry Contact Zone is located 2 km north-northeast of the 100% owned past-producing high-grade Scottie
Gold Mine, 35 km north of the town of
Stewart, BC
, along the Granduc Road. Drilling from 2021 expanded the zone to
700 m
in strike and
225 m
in depth. Drilling
in 2022 will test the strike of the zone up to 1.4 kilometres, and the depth in excess of 400 metres.
President and CEO,
Brad Rourke
commented: "Since making the discovery of a high-grade zone on the north end of the Blueberry Contact Zone last summer, the
team has been excited to expand it and test new ideas relating to the structural controls on the mineralization. These first few holes reinforce the continuity of the
structure and give us confidence to make larger step outs. The program is fully underway with three drills currently coring. We've already drilled over 10,000
metres in 53 holes this year and look forward to consistently delivering more positive drill results as they come in."
Table 1:
Selected results from new drill assay results (uncut) from the Blueberry Zone.
Drill Hole
From (m)
To (m)
Width* (m)
Gold (g/t)
Silver (g/t)
SR22-143
31.32
32.25
0.93
15.7
9.75
SR22-143
49.9
50.78
0.88
21.6
12.2
SR22-144
40.54
43.54
3.00
3.96
1.00
SR22-145
69.1
81.6
12.50
13.3
10.2
SR22-145
including
69.1
72.1
3.00
23.6
31.4
SR22-145
and
79.1
81.6
2.50
37.5
7.19
*
True thicknesses of mineralized intercepts are undetermined
Current Drill Results
Drillholes SR22-143 to SR22-145 were designed to follow up to the 2021 Road North discovery along the Blueberry Contact Zone structure. Situated underneath
the Granduc Road, the Road North area produced the largest hits of 2021 including intercepts of 34.6 g/t gold over 11.86 metres and 4.43 g/t gold over 10.30
metres. The high-grade intercepts occur at the same andesite-siltstone contact that appears to be a primary control on the mineralization in the Blueberry Contact
Zone. Mineralization at the Road North area occurs along a moderately dipping shear zone hosting chlorite-pyrrhotite-pyrite shear veins, where small grains of
visible gold frequently occur. Pervasive, moderate to strong chlorite-sericite-silica alteration is characteristic of the area. Given the high-grade nature of the
adjunct intercepts holes, SR22-143 to SR22-145 were designed to test 25 metre pierce point step-outs on the structure.
About the Blueberry Contact Zone
The Blueberry Zone is located just 2 km 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 splay off
zone of the main Blueberry Vein. The drill results received in 2020 and 2021, coupled with surficial mapping and sampling suggest that this splay is in fact a major
N-S mineralized structure, of which the Blueberry Vein was only a secondary structure. This zone is much wider than pursued in previous exploration models and
drilling in 2021 expanded its strike length to 720 meters and its depth to 225 meters. The zone is steeply dipping, and there is no current restraint on its potential
depth; the mineralization at the adjacent Scottie Gold Mine has a vertical extent greater than
450 m
. The Blueberry Zone is located on the Granduc Road, 20 km
north of the Ascot Resources' Premier Project, which is in the process of refurbishing their mill in anticipation of production in 2022 (
August 10, 2021
). Newcrest's
Brucejack Mine is located 25 km to the north.
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.
Quality Assurance and Control
Results from samples during the 2021 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 Au). 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 high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in
Summit
Lake
claims which are contiguous with the Scottie Gold Mine property. 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 property. Altogether Scottie Resources holds more than 52,000 ha 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. The Company's focus is on expanding the known mineralization around the past-producing mine 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:
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 07:05e 30-AUG-22