BIG Dougie Capital Corp. Announces Results of Preliminary Investigations Including Assays of 12.5-16.3G/T GOLD + 3.7-13.7% Copper and Significant Cobalt Results at Its Coba Sw Property
BIG DOUGIE CAPITAL CORP. ANNOUNCES RESULTS OF PRELIMINARY
INVESTIGATIONS INCLUDING ASSAYS OF 12.5-16.3G/T GOLD + 3.7-13.7%
COPPER AND SIGNIFICANT COBALT RESULTS AT ITS COBA SW PROPERTY
CALGARY, AB, November 16, 2020 - Big Dougie Capital Corp. (“Big Dougie” or “the Corporation”)
(TSXV: STUV) is pleased to announce the results of the first stage investigations carried out on its Coba
SW property (the “Property”). The first stage investigations were intended to confirm flooding levels in
the 2 shafts present on the Property and obtaining samples from within those shafts for assaying.
A) North and South Shaft Investigations
The water level in the north shaft was encountered at 83 meters below the collar while the south shaft was
dry to 119 meters below the collar where the shaft was blocked. Given the fact that the north shaft collar
elevation is 12 meters higher than the south shaft collar, the conclusion that flooding in the north shaft
workings was caused by surface waters and is probably temporary, has been confirmed.
The level of mineral oxidation observed in the upper levels of the north shaft extends down to 30m.
Below this level, a zone of mixed oxides plus secondary sulphides, mainly chalcocite, was encountered to
50m. Below 50m, the mineralization encountered down to the water level at 83 metres consisted of
mainly primary chalcopyrite, bornite and enargite.
The leve l of mineral oxidation observed in the upper levels of the south shaft extends down to 75m.
Below 75m, the mineralization encountered to the blockage at 119m consists of mainly primary
chalcopyrite, bornite, enargite and local chalcocite.
B) Shaft Sampling Program
During the shaft evaluation s, rock chip samples were taken across the 1.5 – 3.4 m wide vein system
exposed in pillars and drift faces on most of the accessible levels. Samples collected from both the north
and the south shaft workings were taken from the mineral zones encountered.
The assay results from that sampling program are as follows:
North Shaft rock samples from the upper mixed oxide/secondary sulphide zone assayed 2.2 – 13.7 g/t
gold, 1.2 – 13.7% copper, 3.0 – 25.0 g/t silver and 0.1 – 0.27% cobalt.
Samples taken from the deeper primary sulphide zone assayed 3.3 – 12.5 g/t gold, 1.1 – 6.8% copper, 2.0
– 21.0 g/t silver and 0.06 – 0.27% cobalt over 1.5 – 2m widths.
South Shaft rock samples from the upper oxide zone assayed 1.4 – 16.3 g/t gold, 1.4 – 3.7% copper, 1.8 –
8.5 g/t silver and 0.05 – 0.15% cobalt.
Samples taken from the deeper primary sulphide zone assayed 1 3.0 – 14.1 g/t gold, 2.4 – 3.8% copper,
6.6 – 8.7 g/t silver and 0.29 – 0.39% cobalt over 1.5 - 3.4m widths. Included were rock chip samples
taken across 2.5 meters of mineralization zone from the 95m level of the south shaft that averaged 14.1
g/t gold, 3.8 % copper, 8.7 g/t silver and 0.39 % cobalt.
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C) Next steps
Based on the significant results returned from sampling the North and South shaft workings, management
of the Corporation will immediately undertake a n Induced Polarization geophysical survey over the 2.6
km strike length of the mineralized systems identified by surface sampling already completed on the Coba
SW Property. Big Dougie’s management anticipates that preliminary results from that survey will be
available approximately 2 weeks from start-up of the field program.
In conjunction with the geophysical program, a program of surface sampling over the vein strike will be
completed to infill the sampling already completed to ensure that drilling targets will be optimized.
Commenting on the results of these first stage investigations, Terence Walker, Big Do ugie’s V. P
Exploration stated “ The high grade assay s obtained from the two shafts confirm s historic production
grades and highlights the excellent high-grade gold - copper - silver and cobalt potential of the additional
2.3 km of vein system extension that lies within the Coba SW Property . In addition to examining the
strike extension, we are particularly excited to obtain assays deeper in the sulphide zone since grades in
the historic workings of the Carrizal Alto mining district are known to increase with depth”.
Name Change and Consolidation
Further to Big Dougie’s November 9, 2020 press release, Big Dougie has effected a name change and a
share consolidation on a 1:3 basis. Big Dougie expects that its common shares will commence trading
under the name Stuve Gold Corp. under the symbol “STUV” on a consolidated basis on November 17,
2020.
Qualified Person
The technical information contained in this news release has b een reviewed and approved by Terence
Walker, P. Geo, a "Qualified Person" within the meaning of National Instrument 43-101.
About Big Dougie
Big Dougie is engaged in advancing mineral exploration on properties in Chile that exhibit promising
potential for gold, copper, silver and cobalt as a result of historical mining activities on, or associated
with, such properties . Big Dougie is currently advancing its flagship "Coba SW" property which is
located in the historic, high grade gold and copper, Carrizal Alto mining district.
Big Dougie’s common shares are listed on the TSX -V under the symbol " STUV". More extensive
information on management’s plans pertaining to the Coba SW property may be viewed on Sedar.com.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
Cautionary Note Regarding Forward-Looking Statements
This news release includes certain "forward -looking statements" under applicable Canadian securities
legislation. Forward -looking statements include but are not limited to details concerning exploration
results and plans. Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties
and other factors which may cause the future results and events to differ materially from those expressed
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or implied by such forward -looking statements. Such factors include, but are not limited to: general
business, economic, competitive, political and social uncertainties; delay or failure to receive board,
shareholder or reg ulatory approvals; the price of metals including gold, silver copper and cobalt; and
the results of exploration programs. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward -looking s tatements. Big
Dougie disclaims any intention or obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as required by law.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Coba SW property and
has neither approved nor disapproved the contents of this news release.
For further information, please contact:
Alliance Capital Partners Big Dougie Capital Corp.
Gordon Aldcorn Al Kroontje
Phone: (403) 618 6507 Phone: 403-607-4009
Email: [email protected] Email: [email protected]