Scottie Resources Intercepts 17.4 G/T GOLD over 6.57 Metres ON Blueberry Zone and Extends Strike Length to 1,550 M
SCOTTIE RESOURCES INTERCEPTS 17.4 G/T GOLD OVER 6.57 METRES
ON BLUEBERRY ZONE AND EXTENDS STRIKE LENGTH TO 1,550 M
VANCOUVER, BC
,
March 2, 2023
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to
report new assays on its Blueberry Zone including a high-grade intercept of 17.4 g/t gold over 6.57 metres in drillhole SR22-217. Scottie also confirms high grade
mineralization in its furthest expansionary hole (SR22-227) along the southern extension of the Blueberry Contact zone where 7.10 g/t gold over 6.09 metres was
intercepted. The total strike length of the system now extends over 1,550 metres, representing an increase of over 110% from 2021.
Highlights
Deep test hole SR22-217 returned
17.4 g/t gold
over a core length of
6.57 m
including
56.6 g/t gold
over a core length of
1.60 m
(Figure 1).
Furthest southern extension test hole SR22-227 returned
7.10 g/t gold
over a core length of
6.09 m
.
Extends strike length of system by
100 m
to a total of
1.55 km
(Figure 1).
Geophysics and mapping have confirmed that the contact extends an additional untested
600 m
to the south (Figure 2). Targets along this section will be
tested during the 2023 drill program.
Drill hole SR22-218 returned
48.5 g/t gold
over a core length of
2.00 m
in a
55 m
step out from the nearest reported hole (Figure 1).
Infill holes between high grade structures defined in 2021 demonstrate the continuity of the mineralizing system along the contact (Figure 1).
VP Exploration, Dr.
Thomas Mumford
: "2022 was a transformative year for our understanding and expansion of the Blueberry Contact Zone. Utilizing just
17,000 metres of diamond drilling, our aggressive approach fundamentally redefined the scale of the target this past season. The outstanding result of
both doubling of the strike length of the system and increasing the depth by more than 75% to 400 metres, is made that much more significant with the
fact that the high-grade mineralization occurs at these furthest tested margins. Drilling in 2023 will pick up where we left off last year and continue expand
the boundaries of the system, as well as follow up on numerous peripheral targets like the C and D zones."
This release constitutes the final results from Scottie's 2022 drill program on the Blueberry Contact Zone. All significant intercepts that occur along the Blueberry
Contact Zone have now been reported. Drill results from other exploration targets are under review and will be reported following a detailed interpretation.
Figure 1:& Segmented vertical long section of the Blueberry Contact Zone and plan view illustrating the distribution of the drill holes along the section. Highlighting
the distribution and status of drilled targets from the 2022 season and the reported results thus far, the grade contour model was created from pre-2022 drilling of
the structure and will be updated once all the 2022 drill holes have been released. (CNW Group/Scottie Resources Corp.)
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. 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 fully financed for construction (
Dec 12, 2022
). Newcrest's Brucejack Mine is located
25 kilometres to the north.
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)
SR22-210
251.4
252.4
1.00
3.94
0.0
SR22-211
99
100
1.00
1.75
3.0
SR22-213
70.6
72.3
1.70
1.21
0.0
SR22-213
91.9
93.5
1.60
1.23
0.0
SR22-214
77
78.5
1.50
2.06
4.0
SR22-216
69.08
70.5
1.42
2.35
0.0
SR22-217
358.48
360
1.52
1.33
0.0
SR22-217
375.9
382.47
6.57
17.4
1.9
SR22-217
including
377.9
379.5
1.60
56.6
0.0
SR22-217
468.5
470
1.50
3.65
77.0
SR22-217
490.18
491.8
1.62
1.89
0.0
SR22-218
176.2
179.7
3.50
2.90
3.1
SR22-218
including
178.7
179.7
1.00
8.50
6.0
SR22-218
229.1
231.1
2.00
48.5
33.5
SR22-219
132.2
133.25
1.05
2.92
3.0
SR22-227
85.5
87
1.50
2.17
3.0
SR22-227
149.9
171.7
21.80
2.88
36.4
SR22-227
including
151.28
157.37
6.09
7.10
113
SR22-229
89
90.5
1.50
2.71
0.0
SR22-230
59
60.5
1.50
1.61
3.0
SR22-230
64
65
1.00
1.30
32.0
SR22-230
113
114
1.00
2.12
3.0
SR22-230
140.3
141.8
1.50
1.53
8.0
SR22-230
171
172
1.00
2.74
25.0
*
True thicknesses of mineralized intercepts are undetermined
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 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.
Figure 2:& Overview plan view map of the Scottie Gold Mine Project, illustrating the distribution of the most recent results, and the overall scope of the 2022 drill
and the completed 2022 loop electromagnetic geophysical grids. (CNW Group/Scottie Resources Corp.)
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 60,000 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.
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 07:30e 02-MAR-23