gold over silver

Scottie Resources Reports 10.7 g/t Gold and 31.2 g/t Silver Over 2.77 Metres at Scottie Gold Mine O-Zone

 

Scottie Resources Corp. (" Scottie " or the " Company ") (TSXV: SCOT) is pleased to report drilling results on the O-Zone target, part of the Scottie Gold Mine including 2.26 gt gold and 6.53 gt silver over 19.04 m, which includes a high-grade interval of 10.7 gt gold and 31.2 gt silver over 2.77 metres . The four holes drilled at O-Zone during 2020 demonstrate that the high-grade zone is open in most directions. Drilling will continue in 2021 to expand the zone. The Scottie Gold Mine is the flagship project of the Company, is road accessible with excellent existing infrastructure, and is located 40 km north of Stewart, BC, in the Golden Triangle. The Company completed 7,040 m of drilling in 46 holes during 2020 and will continue to disclose additional results through to February 2021.

 

CEO, Bradley Rourke commented: "Historically the O-zone produced some of the highest-grade gold intercepts in and around the Scottie Gold Mine. Oriented parallel and only 100 metres to the north of the main producing vein, and being connected to the mine with existing tunnels, all combine to make this a prime exploration target. Our expansionary drilling around the target has shown that it remains open in most directions, and that the exceptional grades that it is known for are also continuous – confirmed by our intercept of 109.4 g/t gold over 2.53 metres earlier this year."

 
                                                                       
  Drill Hole     From (m)    To (m)    Width* (m)    Gold (g/t)    Silver (g/t)  
SR20-27**



  92.81 93.97 1.16 1.32 9.11
  and including   197.97 200.5 2.53   109.4   32.4
  and including   224.15 224.8 0.65   86.2   26.7
SR20-42

    59 61.45 2.45   7.97   7.04
  and   106.59 111.6 5.01 1.31 4.35
SR20-53

  69.9 77.53 7.63 1.75 5.17
  including   70.77 73.58 2.81 3.02 5.83
SR20-65



    25.81 44.85   19.04   2.26 6.53
  including   26.23 29 2.77   10.7    31.2  
  and   40.28 44.85 4.57 2.45 3.04
 

  Table 1: 2020 O-Zone drill results. *True width is estimated to be 80-90% of interval width. **Previously released hole ( October 6, 2020 ).

 

  Scottie Gold Mine - O-Zone  

 

The Scottie Gold Mine, which operated from 1981 to 1985, milled vein material averaging 16.2 grams per tonne of recovered gold, producing 95,426 ounces of gold from 183,147 tonnes of mineralization. The O-Zone is the northern most of 6 parallel mineralized structures identified during operation of the past-producing Scottie Gold Mine, and it contained some of the highest-grade intercepts from the mine, including 107 g/t gold over 4.18 metres. The near surface target saw only negligible production prior to the mine shutting down in 1985, and despite its exceptional gold grades has seen no exploration drilling prior to the Company's involvement.

 

  Figure 1: Long-section view of the O-Zone is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c5ba5298-0d43-42cc-b7cd-15fed5a4963d  

 

The 2021 drill program for Scottie Resources will continue to step out from mineralization around the O-Zone, testing for high-grade ore shoots similar to those observed in the adjacent M-Zone. Drilling will commence as soon as the melting snowpack permits, estimated to be in early-July.

 

  Figure 2: Drill core from hole SR20-27 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca6e59ed-7437-438e-b34f-fa9ad90dce13  

 

  Quality Assurance and Control  

 

Results from samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was undertaken by Company personnel 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 48 element ICP-MS 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 Cambria Project properties and the Sulu property. Scottie Resources holds more than 25,000 ha of mineral claims in the Golden Triangle.

 

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.

 

Further information on Scottie can be found on the Company's website at https://www.scottieresources.com and at www.sedar.com , or by contacting Bradley Rourke, President and CEO at (250) 877-9902.

 

  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.  

 

  Primary Logo 

 

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Bert Dohmen

Bert Dohmen: Gold, Silver Key as Stock Market Bull Trap Looms

Bert Dohmen, founder and CEO of Dohmen Capital Research, sees physical gold and silver as key safe havens as a potential bull trap in the broad stock market plays out.

"We said we're probably going to go to a new high in a major, widely watched index like the S&P 500 (INDEXSP:.INX). It's going to be by a small amount a new high, and that's going to close the bull trap," he said.

Keep reading...Show less
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks of 2025

Gold continued to perform well through the second quarter of 2025, reaching a new all-time high of AU$5,425 per ounce on April 22.

The price surge has occurred amid volatile equity and financial markets since the start of the year, driven by concerns over a global trade war and escalating geopolitical tensions in the Middle East.

The rising gold price has also been supported by uncertainty over a looming debt crisis in the United States. Some investors have turned away from dollar-denominated haven assets, such as US Treasuries, in favour of precious metals like gold.

Keep reading...Show less
Gold nugget displayed on an antique balance scale with a dark background.

Meeka Metals Reports First Gold Pour at Murchison Project

Meeka Metals (ASX:MEK) has poured the first gold at its flagship Murchison project in Western Australia.

The pour happened on Tuesday (July 1), and in a Wednesday (July 2) press release, the company said the project’s production is in line with schedule, happening within 12 months of breaking ground.

Murchison sits near several multimillion-ounce gold mines and hosts a large, high-grade resource of 1.2 million ounces at 3 grams per tonne (g/t) gold on granted mining leases.

Keep reading...Show less
Sun Summit Minerals (TSXV:SMN)

Sun Summit Minerals

Keep reading...Show less

Latest Press Releases

Related News

×