Scottie Resources Intercepts 34.5 G/T GOLD over 4.7 Metres ON Blueberry Contact Zone
SCOTTIE RESOURCES INTERCEPTS 34.5 G/T GOLD OVER 4.7
METRES ON BLUEBERRY CONTACT ZONE
VANCOUVER, BC
,
Jan. 25, 2023
/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 two high-grade intercepts of 34.5 g/t gold over 4.7 metres (SR22-186)
and 130 g/t gold over 1.05 metres (SR22-222). Both of the high-grade intercepts occur at the lithological boundary between andesitic and siltstone
units of the Hazelton Group; a near vertical, north-south oriented target known as the Blueberry Contact Zone. The high-grade intercept of Hole
SR22-186 is approximately 90 metres downdip from hole SR22-156 which intercepted 194 g/t gold over 2.4 meters, reinforcing the extremely
high-grade nature of that northern area of the deposit. Drilling in 2022 extended the strike length of the zone to >1450 metres and the depth to 390
metres. The Blueberry Contact Zone is 100% owned and royalty free and is located 2 kilometres north-northeast of the past-producing high-grade
Scottie Gold Mine
, 35 kilometres north of the town of
Stewart, BC
, along the Granduc Road.
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)
SR22-181
197.60
199.10
1.50
1.75
0.0
SR22-186
153.70
155.20
1.50
3.55
0.0
234.90
236.40
1.50
1.26
0.0
252.00
253.00
1.00
1.08
5.0
335.00
339.70
4.70
34.5
11.8
including
335.00
336.00
1.00
128
30.0
SR22-200
66.60
69.00
2.40
1.49
0.0
SR22-201
367.36
371.50
4.14
4.18
8.6
SR22-222
131.95
133.00
1.05
130
51.0
SR22-225
35.00
36.50
1.50
2.23
3.0
75.00
76.00
1.00
1.70
1.0
85.60
86.60
1.00
4.56
7.0
*
True thicknesses of mineralized intercepts are undetermined
President and CEO,
Brad Rourke
: "Our 2022 drill program continues to deliver high grade intercepts. The team leveraged previously collected
data in order to come up with aggressive, yet geologically prudent drill targets that would substantially increase the size of the deposit, as well as
illustrate the continuity of high-grade zones within it. Our success rate along the structure points to a robust mineralizing system – which still offers
tremendous upside through expansion. We've begun planning our 2023 program and are anticipating a minimum of 20,000 metres of diamond
drilling for the area."
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. This zone is much wider than pursued in previous exploration models and drilling in 2022 has
expanded its strike length to >1,450 metres and its depth to 390 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 fully financed for construction (
Dec 12, 2022
).
Newcrest's Brucejack Mine is located 25 kilometres to the north.
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.)
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 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.
View original content to download multimedia:
https://www.prnewswire.com/news-releases/scottie-resources-intercepts-34-5-gt-gold-over-4-7-metres-on-blueberry-contact-zone-301730264.html
SOURCE
Scottie Resources Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/January2023/25/c4918.html
%SEDAR: 00031828E
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 25-JAN-23