SCOTTIE RESOURCES REPORTS INTERCEPT OF 15.6 G/T GOLD OVER 2.25 METRES AND 3.21 G/T GOLD OVER 10.00 METRES AT BLUEBERRY ZONE

SCOTTIE RESOURCES REPORTS INTERCEPT OF 15.6 G/T GOLD OVER 2.25 METRES AND 3.21 G/T GOLD OVER 10.00 METRES AT BLUEBERRY ZONE

Scottie Resources Corp. (" Scottie " or the " Company ") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to report additional assay results from the Blueberry Zone on its 100%-owned Scottie Gold Mine Project, located in BC's Golden Triangle. The Blueberry Zone drilling is part of a 14,500 m drill program completed during the 2021 season and is located north-northeast of the past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC . Initially discovered during a small drill program in 2019, the Blueberry Zone has become one of the most significant areas of deposit growth on the property and has more than quadrupled its strike length in the past 9 months, to a length now exceeding 650 metres.

"Blueberry continues to deliver consistent results with these near surface hits, illustrating the grade continuity of the primary structure." comments President and CEO, Brad Rourke : "We believe that this expanding zone could be a major production centre for the area. The untested potential of the andesite – siltstone contact leaves tremendous upside as it remains open at depth and along strike where our geologists have mapped it hundreds of additional metres to the south before it becomes hidden beneath the overlying historic lakebed sediments."

Table 1: Selected results from new drill assay results (uncut) from the Blueberry Zone.

Drill Hole


From (m)

To (m)

Width* (m)

Gold (g/t)

Silver (g/t)

SR21-069


8

9.25

1.25

6.78

2.60

and

52.04

56.6

4.56

2.73

1.24

including

54.74

56.6

1.86

6.00

1.51

SR21-070


4

14

10.00

3.21

2.70

including

10.3

14

3.70

6.99

3.95

and

62.25

64.5

2.25

15.6

5.50

including

63.75

64.5

0.75

46.3

5.80

and

75.4

76.38

0.98

5.86

2.60

SR21-071


3.3

4.24

0.94

2.26

9.50

and

50.93

74

23.07

2.11

1.47

including

50.93

53.9

2.97

4.07

1.54

and including

65

71

6.00

4.36

2.13

SR21-111


85.5

86.82

1.32

2.46

38.00

and

108

112.2

4.20

1.53

8.89

SR21-123


36

37

1.00

2.08

0

and

47.7

56.7

9.00

2.29

4.07

including

53.7

54.55

0.85

22.1

12.00

* True thicknesses of mineralized intercepts are undetermined

Holes SR21-069 to -071 were all drilled from the same drill pad and were designed to test two distinct targets: (1) the outcropping northeast trending Blueberry Vein, (2) and the adjacent N-S mineralized contact between the andesite and siltstone. All three holes were successful in hitting both targets and confirmed the continuity of the respective mineralized structures. Historic work on the property had targeted the high-grade Blueberry vein outcropping at surface, however the importance of the adjacent andesite – siltstone contact as a major gold-bearing structure was not recognized. The significance of the contact was first realized when the Company's last hole in 2019 intercepted an unexpected intercept 7.44 g/t gold over 34.78 metres (SR19-20) in advance of the primary target. Drilling in 2020 followed up on the discovery and revealed the geological control on the mineralization.

Hole SR21-111 was drilled at the northern extent of the 2020 drilling and intercepted mineralization about 40 metres along strike. This hole was designed to test a till covered area between the 2020 drilling and the newly discovered high-grade area at the north end of the Blueberry Zone ( October 7, 2021 ). SR21-123 tested the continuity of the structure south of the 2020 drilling.

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, coupled with surficial mapping and sampling suggest that this splay is in fact a major N-S mineralizing structure, of which the Blueberry Vein was only a secondary structure. This near surface zone is much wider than pursued in previous exploration models and drilling in 2021 aims to expand its strike length. The Blueberry Zone is located on the Granduc 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 ).

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. The Company's focus is on expanding the known mineralization around the past-producing mine 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.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/scottie-resources-reports-intercept-of-15-6-gt-gold-over-2-25-metres-and-3-21-gt-gold-over-10-00-metres-at-blueberry-zone-301467613.html

SOURCE Scottie Resources Corp.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2022/25/c9099.html

News Provided by Canada Newswire via QuoteMedia

SCOT:CA
The Conversation (0)
Scottie Resources

Scottie Resources

Strategic Exploration of BC’s World-Class Golden Triangle

SCOTTIE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT

SCOTTIE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES / All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated. Scottie Resources Corp . (TSXV: SCOT)... Keep Reading...
Scottie Resources Announces $6 Million Private Placement of Flow-Through Shares and Common Shares

Scottie Resources Announces $6 Million Private Placement of Flow-Through Shares and Common Shares

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES / Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (The "Company") is pleased to announce that it has entered into an agreement pursuant to which Cormark Securities Inc., as lead agent, on... Keep Reading...
SCOTTIE RESOURCES EXTENDS BLUEBERRY CONTACT ZONE TO 720 METRES AND 225 METRES DEPTH WITH INTERCEPT OF 34.6 G/T GOLD OVER 11.86 METRES

SCOTTIE RESOURCES EXTENDS BLUEBERRY CONTACT ZONE TO 720 METRES AND 225 METRES DEPTH WITH INTERCEPT OF 34.6 G/T GOLD OVER 11.86 METRES

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... Keep Reading...
SCOTTIE RESOURCES INTERCEPTS 9.0 G/T GOLD OVER 7.39 METRES AND 14.5 G/T GOLD OVER 3.65 METRES AT SCOTTIE GOLD MINE PROJECT

SCOTTIE RESOURCES INTERCEPTS 9.0 G/T GOLD OVER 7.39 METRES AND 14.5 G/T GOLD OVER 3.65 METRES AT SCOTTIE GOLD MINE PROJECT

Scottie Resources Corp. (" Scottie " or the " Company ") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8), is pleased to report drill assays from its Scottie Gold Mine (SGM) target where multiple holes intersected high-grade gold mineralization on its targeting of additional ore shoots around the... Keep Reading...
SCOTTIE RESOURCES EXTENDS BLUEBERRY ZONE TO 225 METRES DEPTH WITH INTERCEPT OF 15.3 G/T GOLD OVER 13.49 METRES

SCOTTIE RESOURCES EXTENDS BLUEBERRY ZONE TO 225 METRES DEPTH WITH INTERCEPT OF 15.3 G/T GOLD OVER 13.49 METRES

Scottie Resources Corp. (" Scottie " or the " Company ") (TSXV: SCOT) (OTCQB: SCTSF), (FSE:SR8) is pleased to report additional new assays on the Blueberry Zone, including intercepts of 15.3 gt gold over 13.49 metres and 18.7 gt gold over 3.17 metres. The location of these holes extends the... Keep Reading...
Gold and silver bars on a scale with green upward arrow and "Weekly Editor's Picks" text.

Editor's Picks: Historic Week — Gold Breaks US$4,000, Silver Takes Out All-time High

It's been yet another historic week for gold, as well as silver.Gold broke through US$4,000 per ounce midway through the period, entering never-before-seen territory as the US government shutdown continued into a second week.Silver's milestone was perhaps even more impressive. The white metal... Keep Reading...
Gold bars stacked with financial chart background.

OPINION — Past is Prologue: Why the Next Decade Could Belong to Gold and the Miners

This opinion piece was submitted to the Investing News Network (INN) by John Newell who is an external contributor. INN believes it may be of interest to readers and has copy edited the material to ensure adherence to the company’s style guide; however, INN does not guarantee the accuracy or... Keep Reading...
Scales of justice, gavel, and law books on a desk.

Tudor Gold Sues BC, Seabridge Over Tunnel Rights in Golden Triangle

An ongoing land-use dispute in British Columbia’s mineral-rich Golden Triangle has escalated into a full-blown legal battle as Tudor Gold (TSXV:TUD,OTC Pink:TDRRF)takes the province and rival Seabridge Gold (TSX:SEA,NYSE:SA) to court over tunneling rights linked to one of Canada’s largest... Keep Reading...
Two 3D arrows, one black and one gold, merge and point upward on a white background.

Predictive Discovery and Robex to Merge, Combining West African Gold Projects

Australia-based Predictive Discovery (ASX:PDI) and Canadian company Robex Resources (ASX:RXR,TSXV:RBX,OTC Pink:RSRBF) have agreed on a merger of equals, creating West Africa’s new mid-tier gold producer.In a joint announcement, the companies said that Predictive Discovery will indirectly acquire... Keep Reading...
Gold bars and silver coins scattered on a surface.

Gold Price Breaches US$4,000, Silver Tests US$50

Gold marked a new price milestone on Wednesday (October 8), breaking US$4,000 per ounce. The spot price hit a fresh record, rising as high as US$4,056.14 in midday trading. Future prices for gold breached US$4,000 for the first time on Tuesday (October 7) and have continued to climb higher.The... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...

Latest Press Releases

Related News