VANCOUVER, BC, Feb. 21,
2023 /CNW/ - Scottie Resources Corp.
("Scottie" or the "Company") (TSXV: SCOT) (OTCQB:
SCTSF) (FSE: SR8) is pleased to report new assays on its Blueberry
Zone including two high-grade intercepts in drillholes SR22-209,
the upper hit of 53.2 g/t gold over 3 metres is located at the
contact zone, whereas the lower intercept of 19.2 g/t gold over 3
metres was situated well within the siltstone unit of the Lower
Hazelton Group.
Drilling in 2022 extended the strike length of the zone to
>1450 metres and the depth to 400 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)
|
SR22-199
|
|
273.52
|
275.1
|
1.58
|
1.00
|
5.0
|
|
306.64
|
308
|
1.36
|
1.62
|
23.0
|
|
318
|
319
|
1.00
|
1.25
|
0.0
|
|
335.25
|
337
|
1.75
|
1.69
|
3.0
|
SR22-209
|
|
236
|
239
|
3.00
|
53.2
|
10.7
|
|
260.5
|
262
|
1.50
|
2.76
|
4.0
|
|
278.45
|
283.5
|
5.05
|
1.59
|
3.2
|
|
309.55
|
312.55
|
3.00
|
19.6
|
35.0
|
SR22-215
|
|
124
|
125
|
1.00
|
3.18
|
0.0
|
SR22-221
|
|
79
|
80
|
1.00
|
4.80
|
4.0
|
|
84
|
85
|
1.00
|
4.26
|
10.0
|
SR22-224
|
|
259
|
261
|
2.00
|
3.68
|
13.0
|
|
358
|
360
|
2.00
|
1.12
|
0.0
|
|
419
|
421
|
2.00
|
11.2
|
3.5
|
|
454.5
|
455.5
|
1.00
|
1.93
|
0.0
|
|
* True thicknesses of mineralized
intercepts are undetermined
|
President and CEO, Brad Rourke:
"The Blueberry Contact Zone continues to fill in with the most
recent assay batches. Having secured financing for our 2023 drill
program we are now in the process of securing contractors necessary
for another robust exploration season. Much like in 2022, our 2023
drill plan will be expansionary in nature, striving to define the
outer limits of this well-endowed system, and a lower than usual
snowpack this year offers promise of an early start."
2022 Exploration Program
Scottie's 2022 exploration program was dominated by the diamond
drilling of the Blueberry Contact Zone, where more than 15,000
metres of the total 17,176 metres were drilled. The majority of the
drill targets were designed to test pierce points along the
structure at 60 to 120 metre spacings. In addition to this, the
company tested substantial step outs along strike to the south
(>400 m) where surficial geology
and sampling supported the extension of the mineralized zone. The
2022 drill results received thus far have extended the boundaries
of the mineralized system from a strike length of 720 metres to
more than 1450 metres, and the vertical depth from 225 metres to
400 metres. Drilling also successfully targeted mineralization at
the C and D Zones (Figure 2), intercepting up to 31.8 g/t gold over
4.00 metres. At a strike length of over 200 metres, the intercepts
on C and D Zones represent the furthest tested extent of
sulphide-rich cross-structures from the Blueberry Contact Zone.
In addition to drilling, loop EM surveys were carried out over
the Scottie Gold Mine and the southern extension of the Blueberry
Contact Zone along the historic Summit Lakebed. These surveys have
been interpreted and have generated additional drill targets to be
tested in 2023.
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. 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 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 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.