Scottie Resources Outlines 2024 Exploration Plan
SCOTTIE RESOURCES OUTLINES 2024
EXPLORATION PLAN
VANCOUVER, BC
,
May 8, 2024
/CNW/ - Scottie Resources Corp. ("
Scottie
" or the "
Company
") (TSXV:
SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to announce the exploration plan for the 2024 season on
the Company's flagship asset, the Scottie Gold Mine Project, located in BC's Golden Triangle. Slated to start
in late June, the
$4
.5 M program will provide expansionary drilling at the Blueberry and D-Zone targets, initial
drilling of a new showing, and testing at the historic Scottie Gold Mine that will aim to define a high-grade
gold resource. The Scottie Gold Mine Project, which includes the 100% owned historic mine, and the
adjacent Blueberry Zone, is located 35 kilometres north of the town of
Stewart, BC
, along the Granduc Road.
Highlights:
Fully financed
$4.5 M
budget
Expansionary drilling
of the Blueberry Zone (~2,500 metres)
Underground validation of historic drilling at the Scottie Gold Mine and
defining a high-grade resource
for the deposit
Continued drilling of the Scottie Gold Mine P-Zone (~1,000 metres)
Step-out drilling on D-Zone targets (~1,500 metres)
Initial testing of the
new high-grade gold showing
discovered in 2023 located
between the Scottie Gold Mine and D-Zone (~1,000 metres)
Robust TerraSpec program (short-wave infrared spectroscopy) designed to establish
the fertile window around the Texas Creek intrusive
President and CEO,
Brad Rourke
commented: "Fully financed, our program this year is designed to efficiently
consolidate and leverage Scottie's exploration successes at Blueberry and D-Zone into a robust framework
that directly links the Scottie Gold Mine and other local deposits with these discoveries. Another key
component of the program will be to establish a resource at the Scottie Gold Mine to underpin value and
demonstrate a pathway for a global project-scale resource encompassing the belt of high-grade deposits that
occur along the margin the Texas Creek aged intrusive stock - notably Blueberry, D-Zone, and Bend. With a
healthy treasury and a clear plan to demonstrate value, we are well positioned to benefit from opportunities
unfolding in the area."
Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating known mineralized zones
along the margin of the Texas Creek intrusive, and the planned 2024 exploration objectives. (CNW
Group/Scottie Resources Corp.)
2024 Exploration Program
The exploration program will commence in late-June (snow melt dependant). Drilling will commence with one
diamond drill targeting the Blueberry Contact Zone for expansion, and a fly-drill will focus on targets requiring
helicopter access, e.g. D-Zone and the Scottie Gold Mine. Total initial meterage budgeted is about 6,000
metres, spread across multiple targets, the allocation being dependant upon initial field observations and
results. The program is being developed with the ability to easily scale up, should the market conditions
change.
The TerraSpec program (short-wave infrared spectroscopy) will be following up on positive initial results from
a small pilot program on the Blueberry Contact Zone that indicated a link between clay/mica minerals and
proximity to the high-grade ore shoots. The 2024 TerraSpec program will expand on these results in order to
assess other deposits in the Scottie Gold Mine and their relation to the adjacent Texas Creek intrusive. The
program will combine data from surficial transects, analysis of historic drill core, and the 2024 drill holes.
In addition to work on the Scottie Gold Mine Project, the company will be carrying out a concerted greenfield
exploration program on the Georgia Project where a new showing was discovered in 2023. The showing is
located 3 kilometres south of the historic
Georgia River Mine
where a grab sample hosting visible gold ran
165 g/t gold. The location the 1.5 metre wide, banded quartz-carbonate-chlorite vein, is approximately 3
kilometres along strike of the historic
Georgia River Mine
. Additional field work is also planned on the
Cambria Project which is located between Ascot's Premier Project and their Red Mountain deposit, the
project hosts multiple small past-producing high-grade silver-rich polymetallic mines.
About the Scottie Gold Mine Project
Exploration of the Scottie Gold Mine Project over the past 5 years has produced exceptional drill results
through the discovery of high-grade gold in four new zones (Blueberry Contact Zone, Domino, D-Zone, P-
Zone) and the expansion of previously drill confirmed targets (Scottie Gold Mine, C-Zone, Bend Vein,
Stockwork). When depicted on a map of property scale geology (Figure 1) there is a clear spatial relation
between the outcropping and drill-confirmed high-grade gold targets and the contact with the Jurassic aged,
Texas Creek Plutonic suite intrusion. The new 2023 surface discovery of gold-rich vein style mineralization
between the Scottie Gold Mine and the C & D-Zones further supports this relationship. Geological work in the
area has established strong connections between the various deposits. The chemical, mineralogical,
structural, and age relationships of the deposits and host rocks support a genetic model whereby all deposits
are linked to the same mineralizing event.
About the Blueberry Contact Zone
The Blueberry Contact 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 2023, the extent of the N-S zone, defined by the contact between andesite and
siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich structures, has a
drilled strike length of 1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone
is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's
Brucejack Mine is located 25 kilometres to the north.
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.
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.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact 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 58,500
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 08-MAY-24