VANCOUVER, BC, Oct. 24,
2024 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE: SR8) 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, Fifi, and Lemoffe vein zones along the
Blueberry Contact. The Scottie Gold Mine Project, which includes
the 100% owned historic mine, and the adjacent Blueberry Contact
Zone, is located 35 kilometres north of the town of Stewart, BC, along the Granduc Road.
Highlights:
- BCZ – Fifi / Lemoffe vein zone drillhole SR24-321 intersected
8.78 grams per tonne (g/t) gold over 9.00 metres (m)
including 30.9 g/t gold over 1.00
m and intersected 12.2 g/t gold over
3.47 m (Table 1, Figures
2,3)
- BCZ – near surface Road vein zone drillhole SR24-320 12.0
g/t gold over 2.70 m at a
vertical depth of 17.5 m
- BCZ - Blueberry vein zone drillhole SR24-317 intersected
6.87 g/t gold over 4.00 m in a
wider zone of 2.95 g/t gold over 14.31
m (Table 1, Figures 2,3)
- These new assays represent the first results from the
10,000 m 2024 drill program,
additional results will be released as they are received
President and CEO, Brad Rourke
commented: "Initial results from this season's 10,000 metre program
continue to expand our Blueberry and D Zone targets. We look
forward to including these and the forthcoming results into our
maiden resource, which we expect to be able to release in early Q2
2025."
Table 1: Selected results from new drill assays
(uncut) from the Blueberry Contact Zone (BCZ).
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Silver
(g/t)
|
Zone
|
SR24-317
|
|
247.69
|
262.00
|
14.31
|
2.95
|
1.45
|
BCZ - Road /
Blueberry
|
including
|
247.69
|
248.70
|
1.01
|
12.8
|
7.00
|
and
including
|
258.00
|
262.00
|
4.00
|
6.87
|
9.00
|
SR24-319
|
|
188.00
|
189.30
|
1.30
|
1.06
|
83
|
BCZ – Lakebed
Gap
|
SR24-320
|
|
19.15
|
21.85
|
2.70
|
12.0
|
1.96
|
BCZ - Road
|
SR24-321
|
|
87.00
|
96.00
|
9.00
|
8.78
|
37.00
|
BCZ - Fifi /
Lemoffe
|
including
|
88.00
|
93.00
|
5.00
|
13.1
|
4.40
|
and
including
|
92.00
|
93.00
|
1.00
|
30.9
|
7.00
|
|
168.98
|
172.45
|
3.47
|
12.2
|
3.85
|
including
|
170.00
|
171.20
|
1.20
|
24.2
|
8.00
|
SR24-322
|
|
132.20
|
136.50
|
4.30
|
1.89
|
4.30
|
BCZ -
Lakebed
|
SR24-324
|
|
215.00
|
216.00
|
1.00
|
7.10
|
8.00
|
D Zone
|
|
223.00
|
224.00
|
1.00
|
2.46
|
55.00
|
SR24-325
|
|
72.50
|
73.50
|
1.00
|
4.22
|
45.00
|
BCZ - Gully
|
|
83.00
|
85.00
|
2.00
|
3.36
|
6.50
|
|
113.70
|
114.70
|
1.00
|
1.53
|
9.00
|
SR24-326
|
|
147.00
|
148.00
|
1.00
|
1.25
|
2.00
|
D Zone
|
|
200.90
|
202.00
|
1.10
|
5.52
|
3.00
|
SR24-328
|
|
14.00
|
16.00
|
2.00
|
1.05
|
0.00
|
D Zone
|
*True width of the
intervals has not yet been established by drilling
|
The presented results represent early season, expansionary drill
targets along the Blueberry Contact Zone and the D Zone.
Expansionary drilling on the Blueberry Contact zone in 2024
targeted projected high-grade structurally hosted mineralization at
depths of < 300 metres, in areas that would have a high
confidence of being included in the upcoming resource estimate.
Drilling of the D Zone sought to both confirm the orientations of
previously identified gold bearing vein structures and increase the
lateral and downdip drilled extent. The results from these first
drill holes improved the understanding of mineralization at both
locations and demonstrate the exploration upside of continued work
around these two target areas.
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. 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 (SGM)
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 2024, 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.
About the D Zone
The D Zone is located approximately halfway between the
Blueberry Vein and the past-producing Scottie Gold Mine. Prior to
Scottie's involvement the historic work on the zone included
geological mapping, rock and chip sampling and limited drilling.
Mineralization is vein controlled and is comparable to the vein
types observed at both the SGM as well as the Blueberry Vein, but
is entirely hosted in the andesite (like SGM). Historic drilling on
the D Zone failed to produce results comparable to the numerous
high-grade surficial samples associated with the zone (up to 53 g/t
gold), likely due to poor targeting of the primary mineralized
structure which is obscured by steep terrain and heavy vegetation.
However, reinterpretation of existing data and exploration drilling
by Scottie in 2022 revealed high-grade vein-controlled
mineralization at D Zone, returning grades of 31.8 g/t Au over 4.00
metres and 6.82 g/t Au over 6.85 metres. The surficial expressions
of the D Zone overlies an access tunnel which connects the A portal
to the Scottie Gold Mine, that was put into reduce avalanche risk
during the mine's operation (Figure 1).
Quality Assurance and Control
Results from samples taken during the 2024 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/scottie-resources-intercepts-8-78-gt-gold-over-9-00-m-and-12-2-gt-over-3-47-m-at-blueberry-contact-zone-302285696.html
SOURCE Scottie Resources Corp.