VANCOUVER, BC, Nov. 28,
2023 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) 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 Fifi and
Lemoffe vein zones along the Blueberry Contact as well from the C
Zone. The Blueberry Contact Zone is located 2 kilometres
north-northeast of the 100% owned and royalty free, past-producing
high-grade Scottie Gold Mine, 35
kilometres north of the town of Stewart,
BC, along the Granduc Road.
Highlights:
- Drillhole SR23-268 targeted the Fifi – Lemoffe – Tupelo vein
zones, intersecting 8.78 grams per tonne (g/t) gold over 7.5
metres (m) and 28.2 g/t gold over 4.00 m (Table 1, Figures 1,4,5)
- Intercepts start at a depth from surface of approximately
160 m
- The lower intercept occurs on the siltstone side of the
Blueberry Contact Zone
- Drillhole SR23-265 targeted the Lemoffe vein
zone, intersecting 5.50 g/t gold over 3.85 m (Table 1, Figures 1,3,5)
- Intercept of 6.50 g/t gold over
1.0 m represents the deepest intercept to date of the
Blueberry Contact Zone, at a vertical depth of over 525 m
from surface indicating continuity at depth
- C Zone drillhole SR23-257 intersected
4.12 g/t gold over 6.45 m
including 89 g/t silver (Table 1,
Figures 1,2,5)
- Vein zone extends west of the Blueberry Contact Zone
- Increased silver content (relative to gold) is consistent with
other drilling in the southern extension of the Blueberry Contact
Zone
President and CEO, Brad Rourke
commented: "One of the key objectives of the 2023 drill campaign
was to further extend the system at depth on the Blueberry Contact
Zone. At the end of 2022 we had established that mineralization
extended to 400 metres, and with these new results we can now show
that high gold grades continue well past 500 metres. Future
drilling at these depths will focus on targeting zones of increased
width, aided by the structural interpretations made in the better
defined near surface portions of the deposit. Drill results like
these continue to establish Blueberry as an exceptional deposit,
where the outcropping high-grade gold system has the potential to
support both open-pit and underground mining scenarios."
Table 1: Selected results from new drill assays
(uncut) from the Blueberry Contact Zone.
|
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Silver
(g/t)
|
|
SR23-235
|
|
349.40
|
351.80
|
2.40
|
1.53
|
0.0
|
|
573.00
|
579.61
|
6.61
|
1.45
|
0.5
|
|
including
|
573.00
|
575.00
|
2.00
|
2.63
|
0.0
|
|
593.27
|
597.00
|
3.73
|
1.33
|
4.0
|
|
621.00
|
622.04
|
1.04
|
3.53
|
43.0
|
|
SR23-257
|
|
24.45
|
30.90
|
6.45
|
4.12
|
89.0
|
|
including
|
24.45
|
27.30
|
2.85
|
5.58
|
132
|
|
40.05
|
42.05
|
2.00
|
1.20
|
3.0
|
|
SR23-260
|
|
15.25
|
16.70
|
1.45
|
1.99
|
17.0
|
|
30.00
|
31.00
|
1.00
|
6.83
|
48.0
|
|
41.00
|
43.30
|
2.30
|
3.05
|
9.9
|
|
SR23-265
|
|
412.00
|
413.00
|
1.00
|
7.44
|
7.0
|
|
502.88
|
504.55
|
1.67
|
2.81
|
0.0
|
|
511.00
|
512.00
|
1.00
|
1.36
|
0.0
|
|
541.30
|
545.15
|
3.85
|
5.50
|
2.7
|
|
563.20
|
564.40
|
1.20
|
1.87
|
0.0
|
|
582.19
|
583.19
|
1.00
|
6.50
|
0.0
|
|
SR23-267
|
|
100.70
|
105.00
|
4.30
|
1.63
|
10.1
|
|
including
|
100.70
|
102.00
|
1.30
|
3.49
|
12.0
|
|
SR23-268
|
|
158.80
|
166.30
|
7.50
|
8.78
|
5.2
|
|
including
|
158.80
|
160.30
|
1.50
|
26.5
|
12.0
|
|
197.75
|
201.75
|
4.00
|
28.2
|
17.5
|
|
*True width of the
intervals has not yet been established by drilling
|
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 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 2022, the extent of the N-S zone,
defined by the contact between andesite and siltstone units of the
Hazelton and the presence of the
cross-cutting sulfide-rich structures, has a drilled strike length
of 1,550 metres and has been tested to 400 metres depth. The
Blueberry Zone is located on the Granduc Road, 20 kilometres north
of the Ascot Resources' Premier Project, which is fully financed
for construction. Newcrest's Brucejack Mine is located 25
kilometres to the north.
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.
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.
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 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.