VANCOUVER, BC, Jan. 25,
2023 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE: SR8) is pleased to report new assays on its Blueberry
Contact Zone including two high-grade intercepts of 34.5 g/t gold
over 4.7 metres (SR22-186) and 130 g/t gold over 1.05 metres
(SR22-222). Both of the high-grade intercepts occur at the
lithological boundary between andesitic and siltstone units of the
Hazelton Group; a near vertical, north-south oriented target known
as the Blueberry Contact Zone. The high-grade intercept of Hole
SR22-186 is approximately 90 metres downdip from hole SR22-156
which intercepted 194 g/t gold over 2.4 meters, reinforcing the
extremely high-grade nature of that northern area of the deposit.
Drilling in 2022 extended the strike length of the zone to >1450
metres and the depth to 390 metres. The Blueberry Contact Zone is
100% owned and royalty free and is located 2 kilometres
north-northeast of the past-producing high-grade Scottie Gold Mine, 35 kilometres north of the
town of Stewart, BC, along the
Granduc Road.
Table 1: Selected results from new drill assay
results (uncut) from the Blueberry Contact Zone.
Drill
Hole
|
|
From
(m)
|
To
(m)
|
Width*
(m)
|
Gold
(g/t)
|
Silver
(g/t)
|
SR22-181
|
|
197.60
|
199.10
|
1.50
|
1.75
|
0.0
|
SR22-186
|
|
153.70
|
155.20
|
1.50
|
3.55
|
0.0
|
|
234.90
|
236.40
|
1.50
|
1.26
|
0.0
|
|
252.00
|
253.00
|
1.00
|
1.08
|
5.0
|
|
335.00
|
339.70
|
4.70
|
34.5
|
11.8
|
including
|
335.00
|
336.00
|
1.00
|
128
|
30.0
|
SR22-200
|
|
66.60
|
69.00
|
2.40
|
1.49
|
0.0
|
SR22-201
|
|
367.36
|
371.50
|
4.14
|
4.18
|
8.6
|
SR22-222
|
|
131.95
|
133.00
|
1.05
|
130
|
51.0
|
SR22-225
|
|
35.00
|
36.50
|
1.50
|
2.23
|
3.0
|
|
75.00
|
76.00
|
1.00
|
1.70
|
1.0
|
|
85.60
|
86.60
|
1.00
|
4.56
|
7.0
|
|
* True thicknesses of mineralized
intercepts are undetermined
|
President and CEO, Brad Rourke:
"Our 2022 drill program continues to deliver high grade intercepts.
The team leveraged previously collected data in order to come up
with aggressive, yet geologically prudent drill targets that would
substantially increase the size of the deposit, as well as
illustrate the continuity of high-grade zones within it. Our
success rate along the structure points to a robust mineralizing
system – which still offers tremendous upside through expansion.
We've begun planning our 2023 program and are anticipating a
minimum of 20,000 metres of diamond drilling for the
area."
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 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
2022 has expanded its strike length to >1,450 metres and its
depth to 390 metres. 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.
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 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.
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 more than 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.