VANCOUVER, BC, April 20,
2023 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE:SR8) is pleased to announce a 20,000 metre drill
program on the Company's flagship asset, the Scottie Gold Mine
Project, located in BC's Golden Triangle. The drill program is
planned to commence in late June and continue into the fall using
three diamond drill rigs. Approximately 17,000 metres will focus on
expansion of the Blueberry Contact Zone, with the remaining metres
allocated to additional advanced targets in the area. In addition
to the drilling, extensive geophysical work will be carried out to
delineate new targets in the area. The Company is also pleased to
report assays from the Stockwork area located 1.3 kilometres
northwest of the Blueberry Contact Zone, including a high-grade
intercept in a new zone grading 5.28 g/t gold over 4.50 metres, in
a broader zone of low-grade mineralization. The Blueberry Contact
Zone is located 2 kilometres north-northeast of the 100% owned
past-producing high-grade Scottie Gold Mine, 35 kilometres north of
the town of Stewart, BC along the
Granduc Road.
Highlights
- 20,000 metre diamond drill program planned on the
Scottie Gold Mine Project
-
- Focus on expansion of the Blueberry Contact Zone
- Testing an additional 600 metres of strike length
(currently 1,550 metres)
- Exploration targets at C / D Zones, Stockwork area, Scottie
Gold Mine
- Ground-based horizontal loop survey (HLEM) planned to test for
additional sulphide-rich cross-structures in the andesite and
siltstone units that comprise the Blueberry Contact Zone
-
- Drilling covered HLEM targets in 2022 generated intercepts of
up to 7.10 g/t gold over 6.09 metres
- Stockwork area drill hole SR22-203 returned 5.28 g/t
gold over a core length of 4.50 metres in a new
zone
-
- Area is adjacent to the projected northern extension of the
Blueberry Contact Zone that is off-set by an E-W fault
- Occurs within a large relatively untested gold-in-soil
anomaly
- All 2022 holes intercepted anomalous gold mineralization
throughout the entire hole length, including 245 metres of 0.35
g/t gold in SR22-203
- Potential new deposit type on the property.
"We are excited to be ramping up for another robust exploration
program on the expanding Blueberry Contact Zone," comments
President and CEO, Brad Rourke. "Due
to the continued success we've had on the target, this marks the
5th consecutive year of increasingly larger programs
that we've been able to advance the project with. Blueberry
continues to develop as a steeply dipping high-grade orebody with
substantial widths, that outcrops along a road. The 20,000 metres
in 2023 will ensure that we better understand the potential scale
of this exceptional system."
2023 Drill Program Overview
The drill program will commence in late-June (snow melt
dependant) with three skid-based diamond drills targeting the
Blueberry Contact Zone zones for expansion. Three primary areas of
expansion focus are: (1) Extension at depth from 2022 drill
intercepts, (2) areas in between widely spaced holes, (3) the 600
metre southern continuation of the contact from the southernmost
2022 drilling to the property border with Newcrest Mining. In early
August one of the drills will transition to fly-drills and test
targets around the Scottie Gold Mine, as well as other sites
requiring helicopter access.
Blueberry Drilling
After making the Blueberry Contact Zone discovery in 2019 the
geology team at Scottie developed a new geological model which
transformed the Blueberry target from a single vein to a property
scale structural feature. This model which was tested throughout
the 2021/2022 field seasons has helped define the architecture of
the system, which links several widely spaced high-quality targets
along a common structure. Testing during 2022 doubled the existing
strike length of the system, extending the zone to 1,550 metres and
to a maximum depth of 400 metres. Combining multiple geophysical
data sets, extensive mapping and surficial sample data has allowed
the team to extrapolate the structure beneath the historic lakebed,
in order to generate high-confidence drill targets – many of which
were successful. Fieldwork during 2022 generated additional targets
using similar parameters that will be further tested during
2023.
2023 Exploration Fieldwork
In addition to drilling, the Company will be carrying out an
extensive greenfield exploration program on the Cambria Project as
well as work on recently staked claims surrounding the Georgia
Project. Located between Ascot's Premier Project and their Red
Mountain deposit, the Cambria Project hosts multiple small
past-producing high-grade silver-rich polymetallic mines. The
Georgia Project hosts the high-grade quartz vein Georgia River Mine, the grades of which were
confirmed by recent drilling, e.g., 2020 drillhole GE20023 – 69.1
g/t gold and 35.5 g/t silver over 4.14 metres, from 66.3 to 70.44
metres.
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 splay off zone of the main Blueberry Vein.
The drill results received from 2020 - 2023, coupled with surficial
mapping and sampling suggest that this splay is in fact a major N-S
mineralized structure, of which the Blueberry Vein was only a
secondary structure. The zone is steeply dipping, and there is no
current restraint on its potential depth; the mineralization at the
adjacent Scottie Gold Mine has a vertical extent greater than 450
metres. The Blueberry Zone is located on the Granduc Road, 20
kilometres north of the Ascot Resources' Premier Project, which is
fully financed for construction (Dec 12,
2022). Newcrest's Brucejack Mine is located 25 kilometres to
the north.
Stockwork Area Results
The Stockwork area is situated approximately 1.3 kilometres
northwest of the Blueberry Contact Zone. Originally, the area was a
target for the easterly extension of the high-grade Bend vein which
historic mapping, geophysics, and soil sampling were designed
around. The discovery of the Blueberry Contact Zone caused renewed
interest in the area, due to the projected offset of the contact
due to the north bounding 'Mill' fault (see Figure 2). On the
northside of the fault the contact is complicated by the
emplacement of a dioritic intrusion (interpreted to be part of the
Texas Creek Plutonic Suite) between the andesite and siltstone
units.
VP Exploration, Dr. Thomas
Mumford: "The drilling from 2021 and 2022 in the Stockwork
area has shown it to be a promising porphyry style target – a new
style of deposit for us to test on the project. We are still in the
early days of understanding the nature of the mineralization and
its relationship to the higher-grade Scottie Mine and Blueberry
deposits and will further drill test the target this summer in
order to vector towards a potential higher-grade source. The newly
discovered high-grade gold vein will also be a prime target for
expansion."
Table 1: Selected 2021 - 2022 drill results from the
Stockwork area.
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
SR22-203
|
|
3
|
248 (EOH)
|
245.00
|
0.35
|
including
|
45.5
|
59
|
13.50
|
2.29
|
including
|
47
|
53
|
4.50
|
5.28
|
SR22-205
|
|
12.05
|
170 (EOH)
|
157.95
|
0.13
|
|
16.51
|
119.5
|
84.49
|
0.17
|
SR22-208
|
|
16
|
107 (EOH)
|
91.00
|
0.13
|
|
|
|
|
|
|
2021 Stockwork Zone
Holes
|
SR21-085**
|
|
6.34
|
92
|
75.16
|
0.20
|
including
|
48.64
|
78.5
|
29.86
|
0.32
|
SR21-087**
|
|
5.79
|
182 (EOH)
|
176.21
|
0.20
|
including
|
15.84
|
79.91
|
64.07
|
0.36
|
* True thicknesses of mineralized intercepts are
undetermined, ** Results from 2021 drill program
Drilling in the Stockwork area during 2021 and 2022 produced
consistent long intervals of anomalous gold over the entire hole
lengths, e.g., 0.35 g/t gold over 245 metres in SR22-203, which
represents the longest hole drilled in the area. Hole SR22-203 also
included the first high-grade intercept reported in the area,
grading 5.28 g/t over 4.50 metres. In all holes (Table 1)
mineralization is primarily hosted in the andesite and siltstone,
although anomalous gold also occurs in the diorite phase but to a
lesser extent.
The clear boundary of the gold-in-soil anomaly at Stockwork
across the right lateral 'Mill' fault is strong evidence of both
the reliability and scale of the anomaly. The occurrence of
widespread low-grade gold both at surface and in drilling supports
the presence of a bulk tonnage exploration target on the property.
While the mineralization at Blueberry, Bend, and the Scottie Gold
Mine all display characteristics of a structurally controlled
intrusion-related gold system, the preliminary model used to
explain and target the mineralization at Stockwork is that of a
porphyry system.
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.
Quality Assurance and Control
Results from samples taken during the 2022 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.
This release constitutes the final results from Scottie's 2022
drill program. All significant intercepts from the season have now
been reported.
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 property. 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.