Scottie Resources Intercepts 8.21 G/T GOLD over 19 Metres ON Blueberry Contact Zone
SCOTTIE RESOURCES INTERCEPTS 8.21 G/T GOLD OVER 19
METRES ON BLUEBERRY CONTACT ZONE
VANCOUVER, BC
,
Jan. 12, 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 shallow intercepts in drill hole SR22-170 of 8.21 g/t gold
over 19 metres and 6.30 g/t gold over 8.15 metres. These most recent intercepts compliment the already released results from the 2022
exploration program and support the company's goal of defining a road accessible gold deposit in BC's Golden Triangle. 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)
SR22-170
32
40.15
8.15
6.30
1.7
50.5
69.5
19.00
8.21
0.4
including
51.8
53.3
1.50
73.3
5.0
104.05
105
0.95
1.24
9.0
125.2
126.75
1.55
1.65
0
190.45
192.15
1.70
3.87
2.0
SR22-196
199
200.49
1.49
1.11
2.0
283
284.5
1.50
2.97
55.0
SR22-197
228.5
231.5
3.00
1.64
6.5
293
305
12.00
1.54
2.7
including
293
296
3.00
4.72
5.5
312
321
9.00
1.40
7.9
327
328
1.00
1.14
29.0
355.5
357
1.50
1.67
5.0
SR22-202
42.6
46.1
3.50
5.63
1.9
53.1
54.1
1.00
2.09
0
63.1
69.6
6.50
3.04
0
including
68.1
69.6
1.50
11.4
0
84.9
85.95
1.05
43.8
10.0
SR22-207
359
361
2.00
9.34
8.0
417.25
420.5
3.25
3.46
1.2
including
419.5
420.5
1.00
9.70
0
423.5
424.5
1.00
1.33
44.0
429.5
430.81
1.31
4.52
40.0
*
True thicknesses of mineralized intercepts are undetermined
President and CEO,
Brad Rourke
: "The majority of drill holes from our 2022 drill program were expansionary holes testing step outs with
spacings greater than 75 metres from previous drilling. These recent results exemplify the continued success we've had in hitting wide high-grade
intercepts along the structure and are a testament to the scale and tenor of the deposit that we have tapped into. Our 2023 drill campaign will
continue to expand and test for new high-grade zones along the Blueberry Contact."
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.)
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.
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.
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.)
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 12-JAN-23