Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is happy to report that it
has commenced its 2021 drill program. The 12,500 m drill program is
designed to advance multiple exploration targets within the Scottie
Gold Mine Project, including the Blueberry, Scottie Gold Mine “O”,
and Domino Zones. In addition to the drill start up, Scottie is
pleased to report new assay results from the Blueberry Zone,
including a previously unsampled intercept of 6.20 g/t gold over
4.35 metres, which includes 13.9 g/t gold over 1.85 metres. In
April 2021, key drill holes from the 2020 season were relogged for
interpretation, and shoulder sampling was performed where
necessary. The results of the relogging and the shoulder sampling
support the presence of a major geological control on
mineralization that greatly enhances targeting for the upcoming
2021 drill program.
CEO and President, Bradley Rourke commented: “We
are very pleased to have the first drill on-site and turning! We
have a robust exploration program planned that will step out on the
three distinct zones we hit on last season. Our first target of the
season is the Blueberry Zone, and these new shoulder sample results
further solidify our geological model targeting the new discovery.
Understanding that at least one of the major north-south trending
high-grade gold shoots is related to the andesite-sediment contact
significantly expands the strike length potential of the zone and
helps further refine our 2021 drill plans. With more than 12,000 m
of drilling planned, and ramping up to three drills, we’re in for a
busy season.”
Drill Hole |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
SR20-55 |
|
99 |
103.35 |
4.35 |
6.20 |
1.26 |
|
including |
101.5 |
103.35 |
1.85 |
13.9 |
2.31 |
Table 1: Selected results from
shoulder sampling the 2020 drilling from the Blueberry Zone. *True
thicknesses of mineralized intercepts are undetermined.
2021 Blueberry Exploration Program
The newly expanded Blueberry Zone will be a
primary focus during the 2021 work program, with approximately 50%
of the total planned metres at the Scottie Gold Mine Project
(12,500 m) being allocated to the Blueberry Zone. The low-elevation
roadside location allows early season access to the Blueberry Zone.
Drill targeting will include substantial drill step outs (>200
m) along strike to test the continuity of the recently defined
shallow north-south structure and assess secondary controls along
the andesite-sediment contact. Additional drilling will test the
vertical extent of the projected ore-shoot defined by drill results
in 2019/2020. A 3D induced polarization survey (IP) covering 9.45
line-km, as well as a detailed trenching program will be used to
further define the andesite-sediment contact to delineate targets
within the mineralized corridor.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/19bba1da-57ee-4a62-bf7b-61b87631a4bf
About the Blueberry Zone
Part of the Scottie Gold Mine Project, the
Blueberry Zone is located just 2 km 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 Scottie Resources
involvement. 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 zone off of the main
Blueberry Vein.
The drill results received in 2020, coupled with
surficial mapping and sampling suggest that this intercept was
related to a major north - south mineralizing structure, of which
the Blueberry Vein was only a secondary structure. The Blueberry
Zone is located on the Granduc Road, 20 km north of the Ascot
Resources’ Premier Mill, which has recently completed financing for
reactivation (Dec 10, 2020) and is undergoing early stage
construction.
Drill Hole |
|
From (m) |
To (m) |
Width* (m) |
Gold (g/t) |
Silver (g/t) |
SR20-40 |
|
15.94 |
16.96 |
1.02 |
2.56 |
1.32 |
and |
24.00 |
25.83 |
1.83 |
1.7 |
0.79 |
SR20-45 |
|
17.00 |
23.10 |
6.10 |
22.3 |
3.70 |
including |
17.00 |
18.93 |
1.93 |
67.9 |
10.2 |
SR20-48 |
|
18.07 |
20.40 |
2.33 |
35.8 |
4.70 |
including |
18.07 |
19.08 |
1.01 |
82.1 |
10.50 |
and |
56.67 |
70.35 |
13.68 |
8.96 |
2.86 |
and including |
67.20 |
70.35 |
3.15 |
38.6 |
8.65 |
and including |
68.62 |
70.35 |
1.73 |
69.8 |
15.2 |
SR20-50 |
|
39.94 |
40.4 |
0.46 |
2.38 |
2.96 |
SR20-55 |
|
78.97 |
79.75 |
0.78 |
47.9 |
19.1 |
SR20-62 |
|
76.00 |
98.13 |
22.13 |
1.31 |
0.80 |
including |
91.16 |
98.13 |
6.97 |
2.50 |
1.26 |
including |
96.30 |
98.13 |
1.83 |
6.45 |
2.45 |
SR20-64 |
|
145.96 |
201.02 |
55.06 |
1.07 |
0.90 |
including |
165.3 |
167.5 |
2.2 |
5.34 |
1.77 |
and |
195.99 |
199.2 |
3.21 |
10.2 |
1.50 |
Table 2: Select previously
released 2020 drill assays results from the Blueberry Zone (Oct 6,
2020, Dec 8, 2020, February 17, 2021). *True thicknesses of
mineralized intercepts are undetermined.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6c4e91cf-6ff1-4ad5-8edb-ac043e306658
Quality Assurance and Control
Results from samples were analyzed at MSALABS in
Langley, Canada (an ISO 9001 accredited facility). The sampling
program was undertaken by Company personnel 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 a gravimetric
finish when required (+9 g/t Au). Analysis by four acid digestion
with 48 element ICP-MS analysis was conducted on all samples, with
silver and base metal over-limits being re-analyzed by emission
spectrometry.
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.
ABOUT SCOTTIE RESOURCES
CORP.
Scottie owns a 100% interest in the high-grade,
past-producing Scottie Gold Mine and Bow properties and has the
option to purchase a 100% interest in Summit Lake claims which are
contiguous with the Scottie Gold Mine property. Scottie also owns
100% interest in the Cambria Project properties and the Sulu
property. Scottie Resources holds more than 25,000 ha of mineral
claims in the Golden Triangle.
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.
Additional Information
Brad Rouke |
Gordon Robb |
President and CEO |
Business Development |
+1 250 877 9902 |
+1 250 217 2321 |
brad@scottieresources.com |
gordon@scottieresources.com |
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.
Scottie Resources (TSXV:SCOT)
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Scottie Resources (TSXV:SCOT)
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