VANCOUVER, BC, March 2,
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 a high-grade intercept of 17.4 g/t gold over 6.57
metres in drillhole SR22-217. Scottie also confirms high grade
mineralization in its furthest expansionary hole (SR22-227) along
the southern extension of the Blueberry Contact zone where 7.10 g/t
gold over 6.09 metres was intercepted. The total strike length of
the system now extends over 1,550 metres, representing an increase
of over 110% from 2021.
Highlights
- Deep test hole SR22-217 returned 17.4 g/t gold over a
core length of 6.57 m
including 56.6 g/t gold over a core length of
1.60 m (Figure 1).
- Furthest southern extension test hole SR22-227 returned 7.10
g/t gold over a core length of 6.09
m.
-
- Extends strike length of system by 100 m to a total of 1.55 km (Figure
1).
- Geophysics and mapping have confirmed that the contact extends
an additional untested 600 m to the
south (Figure 2). Targets along this section will be tested during
the 2023 drill program.
- Drill hole SR22-218 returned 48.5 g/t gold over a core
length of 2.00 m in a
55 m step out from the nearest
reported hole (Figure 1).
- Infill holes between high grade structures defined in 2021
demonstrate the continuity of the mineralizing system along the
contact (Figure 1).
VP Exploration, Dr. Thomas Mumford: "2022 was a transformative year
for our understanding and expansion of the Blueberry Contact Zone.
Utilizing just 17,000 metres of diamond drilling, our aggressive
approach fundamentally redefined the scale of the target this past
season. The outstanding result of both doubling of the strike
length of the system and increasing the depth by more than 75% to
400 metres, is made that much more significant with the fact that
the high-grade mineralization occurs at these furthest tested
margins. Drilling in 2023 will pick up where we left off last year
and continue expand the boundaries of the system, as well as follow
up on numerous peripheral targets like the C and D
zones."
This release constitutes the final results from Scottie's 2022
drill program on the Blueberry Contact Zone. All significant
intercepts that occur along the Blueberry Contact Zone have now
been reported. Drill results from other exploration targets are
under review and will be reported following a detailed
interpretation.
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.
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)
|
SR22-210
|
|
251.4
|
252.4
|
1.00
|
3.94
|
0.0
|
SR22-211
|
|
99
|
100
|
1.00
|
1.75
|
3.0
|
SR22-213
|
|
70.6
|
72.3
|
1.70
|
1.21
|
0.0
|
SR22-213
|
|
91.9
|
93.5
|
1.60
|
1.23
|
0.0
|
SR22-214
|
|
77
|
78.5
|
1.50
|
2.06
|
4.0
|
SR22-216
|
|
69.08
|
70.5
|
1.42
|
2.35
|
0.0
|
SR22-217
|
|
358.48
|
360
|
1.52
|
1.33
|
0.0
|
SR22-217
|
|
375.9
|
382.47
|
6.57
|
17.4
|
1.9
|
SR22-217
|
including
|
377.9
|
379.5
|
1.60
|
56.6
|
0.0
|
SR22-217
|
|
468.5
|
470
|
1.50
|
3.65
|
77.0
|
SR22-217
|
|
490.18
|
491.8
|
1.62
|
1.89
|
0.0
|
SR22-218
|
|
176.2
|
179.7
|
3.50
|
2.90
|
3.1
|
SR22-218
|
including
|
178.7
|
179.7
|
1.00
|
8.50
|
6.0
|
SR22-218
|
|
229.1
|
231.1
|
2.00
|
48.5
|
33.5
|
SR22-219
|
|
132.2
|
133.25
|
1.05
|
2.92
|
3.0
|
SR22-227
|
|
85.5
|
87
|
1.50
|
2.17
|
3.0
|
SR22-227
|
|
149.9
|
171.7
|
21.80
|
2.88
|
36.4
|
SR22-227
|
including
|
151.28
|
157.37
|
6.09
|
7.10
|
113
|
SR22-229
|
|
89
|
90.5
|
1.50
|
2.71
|
0.0
|
SR22-230
|
|
59
|
60.5
|
1.50
|
1.61
|
3.0
|
SR22-230
|
|
64
|
65
|
1.00
|
1.30
|
32.0
|
SR22-230
|
|
113
|
114
|
1.00
|
2.12
|
3.0
|
SR22-230
|
|
140.3
|
141.8
|
1.50
|
1.53
|
8.0
|
SR22-230
|
|
171
|
172
|
1.00
|
2.74
|
25.0
|
|
* True
thicknesses of mineralized intercepts are undetermined
|
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.