Scottie Resources Intercepts 8.5 G/T GOLD over 13 Metres and 7.65 G/T GOLD over 10.4 Metres at Blueberry Contact Zone
SCOTTIE RESOURCES INTERCEPTS 8.5 G/T GOLD OVER 13 METRES
AND 7.65 G/T GOLD OVER 10.4 METRES AT BLUEBERRY CONTACT ZONE
VANCOUVER, BC
,
Oct. 31, 2023
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV: SCOT) is pleased to report new assays on the Scottie
Gold Mine Project in
British Columbia's
Golden Triangle, including several high-grade intercepts on the Road and Fifi vein zones along the Blueberry Contact.
Together the results continue to define the high-grade, outcropping deposit and provide valuable context and insight into the structural details of the system. The
Blueberry Contact Zone is located 2 kilometres north-northeast of the 100% owned and royalty free, past-producing high-grade
Scottie Gold Mine
, 35 kilometres
north of the town of
Stewart, BC
, along the Granduc Road.
Highlights:
Road zone drillhole SR23-261 intersected
7.65 grams per tonne (g/t) gold over 10.4 metres (m)
including
51 g/t gold over
1 m
(Table 1, Figures 1,2,5)
Drillhole SR23-264 targeted the Fifi vein zone, intersecting
88.4 g/t gold over
2.00 m
and
4.5 g/t gold over
4.41 m
(Table 1, Figures 1,3,5)
High-grade intercepts occur on the siltstone side of the Blueberry Contact
Drillhole SR23-273 targeted the Fifi vein zone, intersecting
8.5 g/t gold over
13.0 m
and
5.12 g/t gold over
2.00 m
(Table 1, Figures 1,4,5)
Intercept occurs at a depth from surface of approximately 145 m
President and CEO,
Brad Rourke
commented: "These additional results from the Blueberry Contact Zone exceed our expectations and further confirm our
view that we have begun to delineate a high-grade gold system that extends to surface. Year after year our team continues to successfully execute on our
ever-increasing exploration plans. This year we completed our biggest program to date, with
20,000 m
of drilling – and finished 2 weeks early and over
$1
M
under budget, a remarkable feat in a period of rapid cost increases."
The higher-grade intercept in SR23-264 is particularly notable as it occurs on the siltstone side of the Blueberry Contact, and at an appreciable lateral distance
from the contact (
60 m
). Previous drilling assumed the majority of the high-grade mineralization was confined to the andesite side of the system, and that
extensions into the siltstone were limited in extent (~5-
15 m
). However, a compilation and interpretation over the winter suggested there may be more continuity of
grade further into the siltstone than was previously drill tested, and that prior drilling was inherently biased to the andesite side. During the 2023 drill program this
theory was tested in multiple locations by extending holes further into the siltstone to target potential extensions of known vein zones. The intercept of
88.4 g/t
gold over
2.00 m
in SR23-264 validates this concept and provides significant upside for future drill programs to expand the mineralized footprint of the system
through further exploration on the siltstone side.
Table 1:
Selected results from new drill assays (uncut) from the Blueberry Contact Zone.
Drill Hole
From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Silver
(g/t)
SR23-252
81.40
82.85
1.45
2.36
3.0
114.90
117.00
2.10
3.24
0.0
125.00
127.00
2.00
2.21
0.0
SR23-254
41.00
45.00
4.00
1.51
0.0
113.00
118.00
5.00
1.47
8.0
including
117.00
118.00
1.00
3.20
19.0
SR23-255
41.00
42.20
1.20
2.90
32.0
381.00
382.00
1.00
2.35
2.0
SR23-256
266.20
267.30
1.10
7.01
4.0
279.20
281.20
2.00
1.62
33.0
358.45
359.45
1.00
3.37
2.0
417.00
426.00
9.00
1.67
3.1
including
420.00
422.10
2.10
4.66
6.1
436.65
437.65
1.00
6.09
41.0
SR23-259
193.55
195.10
1.55
1.50
0.0
206.00
207.55
1.55
4.24
2.0
225.35
227.20
1.85
1.72
3.0
413.85
415.85
2.00
1.68
1.5
SR23-261
149.90
150.90
1.00
14.5
7.0
240.60
241.80
1.20
2.58
4.0
258.00
259.00
1.00
7.21
6.0
268.65
276.30
7.65
10.4
2.6
including
275.30
276.30
1.00
51.9
12.0
SR23-264
256.50
261.00
4.50
4.41
1.3
292.00
294.00
2.00
88.4
25.0
SR23-273
119.00
121.00
2.00
5.12
2.0
141.00
149.50
8.50
13.0
5.6
including
145.00
147.50
2.50
33.4
10.6
155.00
156.50
1.50
1.80
5.0
*True width of the intervals has not yet been established by drilling
Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating the locations of the reported drill results, cross-sections (Figures 2 - 4), and the
distribution of the modelled sulphide-rich cross-structures. (CNW Group/Scottie Resources Corp.)
Figure 2: Cross-section displaying vein and contact style intercepts highlighted by the recent intercept in SR23-261 located in the Road vein portion of the
Blueberry Contact Zone. (CNW Group/Scottie Resources Corp.)
Figure 3: Cross-section displaying vein intercepts highlighted by SR23-264 in the Fifi - Lemoffe portion of the Blueberry Contact Zone. (CNW Group/Scottie
Resources Corp.)
Figure 4: Cross section displaying vein intercepts highlighted by SR23-273 in the Fifi - Lemoffe portion of the Blueberry Contact Zone. Cross-section is updated
from the original C – C’ section released on September 6, 2023. (CNW Group/Scottie Resources Corp.)
Figure 5: Segmented vertical long section of the Blueberry Contact Zone illustrating the distribution and status of drilled targets from the 2023 season and the
reported results thus far, relative to intercepts from previous drilling campaigns. (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 N-S
oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2023, coupled with surficial mapping and sampling suggest that the N-S
mineralized trend is a first order structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold.
AS of the end of 2022, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the
Hazelton
and the presence of the cross-
cutting sulfide-rich structures, has a drilled strike length of 1,550 metres and has been tested to 400 metres depth. The Blueberry Zone is located on the Granduc
Road, 20 kilometres north of the Ascot Resources' Premier Project, which is fully financed for construction. Newcrest's Brucejack Mine is located 25 kilometres to
the north.
Dr.
Thomas Mumford
, P.Geo., 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 2023 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.
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 and Tide North properties. Altogether Scottie Resources holds approximately 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 31-OCT-23