Scottie Resources Extends Strike of Blueberry Contact Zone to 1.45 Kilometers and Reports Intercept of 4.24 G/T GOLD over 16.95 Metres
SCOTTIE RESOURCES EXTENDS STRIKE OF BLUEBERRY CONTACT
ZONE TO 1.45 KILOMETERS AND REPORTS INTERCEPT OF 4.24 G/T
GOLD OVER 16.95 METRES
VANCOUVER, BC
,
Nov. 8, 2022
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to
report new assays on its Blueberry Contact Zone including an intercept of 20.3 g/t gold over 2.1 metres that extends the length of the Blueberry Contact Zone by
250 meters, to a total length of 1.45 kilometres. The Company also reports near surface intervals of mineralization that grade 8.9 g/t gold over 6.12 metres and
7.65 g/t gold over 7.53 metres, located just off of the Granduc Road. The Blueberry Contact Zone is located 2 kilometres north-northeast of the past-producing
high-grade
Scottie Gold Mine
, 35 kilometres north of the town of
Stewart, BC
. The Blueberry Contact Zone is 100% owned and royalty free.
Highlights
Southern extension hole SR22-165 returned
20.3 g/t gold
over a core length of
2.10 metres
.
Extends strike length of system by
250 metres
to a total of
1.45 kilometres
(Figure 1).
Road zone hole SR22-167 returned
8.9 g/t gold
over a core length of
6.12 metres
and
7.65 g/t gold
over a core length of
7.53 metres
in near surface
intercepts (Figure 1).
Drill hole SR22-184 returned
4.24 g/t gold
over a core length of
16.95 metres
in a 65 metre step out from the nearest reported hole (Figure 1).
Results from the aggressive 2022 expansionary drilling of the Blueberry Contact Zone continue to return robust results which indicate the presence of a very
large mineralizing system.
Infill holes across the structure continue to demonstrate the continuity of the mineralizing system and help refine the modelling of the system and targeting of
higher-grade zones.
President and CEO,
Brad Rourke
: "We're pleased to report that our 2022 testing of the southern extent of the Blueberry Contact zone continues to
be successful. These results add on an additional 250 metres to the strike length of the structure, bringing us to a total of 1.45 kilometres, more
than doubling the extent tested in 2021. Just as significant, the high-grade nature of the intercept at the contact confirms that the tenor of the
mineralizing system is laterally extensive, which also supports a deposit model with exceptional depth potential. The consistency of results received
thus far supports the tremendous upside on the resource potential of the rapidly expanding target."
Table 1:
Selected results from new drill assay results (uncut) from the Blueberry Contact Zone.
Drill Hole
From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Silver
(g/t)
SR22-147
98
98.5
0.50
6.68
18.1
SR22-165
74.9
77
2.10
20.3
18.4
SR22-167
including
31.5
40.4
8.90
6.12
5.83
SR22-167
and
61.6
69.25
7.65
7.53
1.03
SR22-167
and including
61.6
63.9
2.30
20.6
2.39
SR22-167
110.8
121.6
10.80
1.45
0.00
SR22-167
including
119.3
121.6
2.30
3.83
2.09
SR22-167
133.6
135.1
1.50
52.2
8.00
SR22-175
199.13
207.07
7.94
2.35
6.78
SR22-175
including
199.13
203.13
4.00
3.36
9.75
SR22-175
237
239
2.00
2.29
41.0
SR22-175
256
259.5
3.50
1.58
4.43
SR22-175
267.25
267.95
0.70
2.80
35.0
SR22-184
192.9
194.3
1.40
1.31
2.00
SR22-184
281.05
298
16.95
4.24
1.63
SR22-184
including
281.05
284.4
3.35
15.2
3.76
SR22-184
309.5
310.4
0.90
4.52
6.00
SR22-184
319.85
320.85
1.00
10.0
18.0
*
True thicknesses of mineralized intercepts are undetermined
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 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 metres and its depth to 225 metres. 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 metres. The Blueberry Zone is located on the Granduc
Road, 20 kilometres north of the Ascot Resources' Premier Project, which is in the process of refurbishing their mill. Newcrest's Brucejack Mine is located 25
kilometres to the north.
Figure 1: Segmented vertical long section of the Blueberry Contact Zone and plan view illustrating the distribution of the sections. Highlighting the distribution and
status of drilled targets from the 2022 season and the reported results thus far, grade contour model was created from pre-2022 drilling of the structure. (CNW
Group/Scottie Resources Corp.)
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 taken during the 2022 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 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 property. Altogether Scottie Resources holds more than 59,000 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. 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 08-NOV-22