VANCOUVER, BC, March 8, 2022 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) FSE: SR8) is pleased to report additional new assays on the
Blueberry Contact Zone extending the strike length of the
mineralizing structure to more than 720 metres, which remains open
in all directions. The drilling to date, including recent
high-grade intersections, notably 34.6 g/t gold over 11.86 metres
and 4.43 g/t gold over 10.30 metres, indicates that the contact
zone is developing into a significant gold zone with size and grade
potential, as well as clear vectors to continue its expansion.
Blueberry Contact Zone is located 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 Haul Road.
"Our 2021 exploration and drill
program has successfully expanded the Blueberry Contact Zone along
strike and to depth. Drill results continue to intersect high grade
gold over at least 700m in strike
length and 225m depth." comments
President and CEO, Brad Rourke:
"With the system remaining open in all directions and at depth, our
2022 program will be focused on significantly increasing the size
of the zone by testing aggressive step outs along the structure.
Advances made by our geological team this summer have generated
highly prospective targets from detailed mapping and geophysical
surveys that could extend the zone hundreds of metres along strike.
With more than 15,000 metres planned, the team is busy planning for
another highly successful season."
Table 1: Selected new drill assay results (uncut)
from the Blueberry Contact Zone.
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Silver
(g/t)
|
SR21-130
|
|
16.00
|
18.00
|
2.00
|
2.02
|
2.00
|
and
|
46.06
|
79.02
|
32.96
|
1.70
|
2.74
|
including
|
62.93
|
64.06
|
1.13
|
11.4
|
10.0
|
including
|
74.40
|
79.02
|
4.62
|
3.90
|
4.05
|
SR21-131
|
|
52.80
|
64.66
|
11.86
|
34.6
|
3.34
|
including
|
52.80
|
54.28
|
1.48
|
27.4
|
2.01
|
and
including
|
59.91
|
64.66
|
4.75
|
77.6
|
7.32
|
SR21-132
|
|
73.30
|
83.60
|
10.30
|
4.43
|
4.86
|
including
|
73.30
|
74.80
|
1.50
|
28.3
|
29.3
|
and
including
|
83.00
|
83.60
|
0.60
|
1.85
|
0.00
|
SR21-133
|
|
53.44
|
55.15
|
1.71
|
10.4
|
1.31
|
SR21-135
|
|
63.24
|
64.48
|
1.24
|
2.70
|
5.00
|
SR21-140
|
|
39.61
|
42.45
|
2.84
|
15.2
|
4.34
|
SR21-142
|
|
14.40
|
16.90
|
2.50
|
3.33
|
0.31
|
* True
thicknesses of mineralized intercepts are undetermined
|
During 2021, the company developed a new geological model for
the Blueberry Contact Zone as a property scale structural feature.
Fieldwork and drilling has delineated the architecture of the
system, which links several widely spaced high-quality targets
along a common structure, and ultimately generates clear new
targets along the projected extension. The results from the
successful 2021 program illustrate that the Blueberry Contact Zone
is a large-scale system that has significant expansion
potential.
The model is based around the lithological contact between
andesite and siltstone units of the Lower Hazelton Formation – the
lateral extent of which is projected to continue south for
kilometers and to the north towards Scottie's high-grade Bend Vein
(January 3, 2020). Scottie's 2022
field program will continue to employ surficial and geophysical
surveys to follow the structure along surface and underneath cover,
in order to refine drill targets that will be tested throughout
2022.
About the Blueberry Zone
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 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 in 2020 and 2021, 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. This zone is much wider than pursued in
previous exploration models and drilling in 2021 was designed to
expand its strike length and depth. 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 Haul Road, 20 km north of the Ascot Resources' Premier
Project, which is in the process of refurbishing their mill in
anticipation of production in 2022 (August
10, 2021). Newcrest's Brucejack Mine is located 25 km to the
north.
This release constitutes the final results of drillholes from
Scottie's 2021 drill program. Any outstanding drill holes between
SR20-67 and -142 (2021 drilling) and the Georgia River drill
program with anomalous gold intercepts that were not explicitly
described in the news releases between October 7, 2021 and now will be summarized and
available on the Scottie Resources website in the coming weeks.
Quality Assurance and Control
Results from samples during the 2021 field season were analyzed
at either ALS Laboratory in Vancouver,
BC or 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 Au).
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.
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 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 more than 52,000 ha 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.