Resource News

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

Figure 1: Long section of the Blueberry Zone depicting the most recent drill results. (CNW Group/Scottie Resources Corp.)

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.

Figure 2: Overview plan view map of the Blueberry Zone, highlighting the projection of the inferred N-S mineralizing trend, drill intercepts from 2019 and 2020, as well as recent 2021 results – gold highlighted results are from this release. (CNW Group/Scottie Resources Corp.)

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.

Scottie Resources Corp. Logo2 (CNW Group/Scottie Resources Corp.)

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SOURCE Scottie Resources Corp.

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

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SCOT:CA
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.

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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 behalf of a syndicate of agents (collectively, the " Agents "), in connection with a "best efforts" private placement of: (i) 16,670,000 common shares of the Company that qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act ( Canada ) (the " FT Shares ") at a price of $0.30 per FT Share for gross proceeds of $5,001,000 ; and (ii) 4,762,000 common shares of the Company (the " HD Shares ") at a price of $0.21 per HD Share (the " HD Issue Price ") for gross proceeds of $1,000,020 for aggregate gross proceeds to the Company of approximately $6 million (collectively, the " Offering ").

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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 drilling to date, including recent high-grade intersections, notably 34.6 gt gold over 11.86 metres and 4.43 gt gold over 10.30 metres, indicates that the contact zone is developing into a significant gold zone with size and grade potential, as well as clear vectors to continue its expansion. Blueberry Contact Zone is located north-northeast of the 100% owned past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC along the Granduc Haul Road.

"Our 2021 exploration and drill program has successfully expanded the Blueberry Contact Zone along strike and to depth. Drill results continue to intersect high grade gold over at least 700m in strike length and 225m depth." comments President and CEO, Brad Rourke : "With the system remaining open in all directions and at depth, our 2022 program will be focused on significantly increasing the size of the zone by testing aggressive step outs along the structure. Advances made by our geological team this summer have generated highly prospective targets from detailed mapping and geophysical surveys that could extend the zone hundreds of metres along strike. With more than 15,000 metres planned, the team is busy planning for another highly successful season."

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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 past-producing mine. Strong intercepts, including 9.0 gt over 7.39 metres illustrate the expansion potential of near mine mineralization. The high-grade mine operated in the early 1980's with a cut-off grade of 10 gt gold, leaving substantial upside for additional expansion. The Scottie Gold Mine is located on the Granduc Road, 20 kilometres north of the Ascot Resources Premier Mill, and 35 north of the town of Stewart, BC .

"Strong intercepts continue to underpin our belief that the near mine exploration of the Scottie Gold Mine has the potential to develop a substantial high-grade resource adjacent to existing mine underground workings." comments President and CEO, Brad Rourke . "Drilling around this underexplored deposit and the ability to leverage the existing historic data, offers us tremendous value on our path towards defining a road accessible 1M+ ounce resource."

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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 high-grade gold mineralization to a depth of 225 metres where it remains open in all directions. The Blueberry Zone is located north-northeast of the 100% owned past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC along the Granduc Haul Road.

"With just over 6,500 metres of drilling over the past two years we've taken our 2019 discovery hole at the Blueberry Zone to a road accessible, high-grade gold target that now exceeds 650 metres in strike and 225 metres depth." comments President and CEO, Brad Rourke : "These latest results are very encouraging as they indicate that not only does the system continue deeper – there is potential that the thickness of the zone actually increases. Blueberry will be the primary focus of our planned 15,000 metre 2022 drill program where we will continue to drill to extend the zone in all directions as well as infill untested areas in the structure."

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

Drill Hole


From (m)

To (m)

Width* (m)

Gold (g/t)

Silver (g/t)

SR21-126


101.30

102.30

1.00

5.98

7.00

and

119.40

120.40

1.00

2.91

4.00

and

128.30

131.47

3.17

18.7

12.9

SR21-127


41.00

41.52

0.52

2.88

15.0

and

77.20

78.91

1.71

21.5

8.00

SR21-128


167.20

168.09

0.89

16.9

4.00

and

207.85

214.46

6.61

2.44

0.44

SR21-138


288.86

302.35

13.49

15.3

9.10

including

289.86

294.00

4.14

36.2

16.4

* True thicknesses of mineralized intercepts are undetermined

The expansionary drilling of the Blueberry Zone during 2021 focused on testing the andesite-siltstone contact with shallow holes where there was strong geological control. The significant step outs (>200 metres) intersected strong gold mineralization associated with the contact, as well as strong chlorite-sericite alteration. While typically rare at both the Scottie Gold Mine and the Blueberry Vein, visible gold was present in multiple holes from the testing of the northern extension of the contact-controlled Blueberry Zone.

Figure 1: Grade thickness interpolated contour model of the Blueberry Zone. The contours are based on the drill hole intercepts and do not represent true thicknesses. Drilled pierce points are displayed to provide some context relating to the drill hole density and the impact of interpolation in areas of little to no drilling. The model has an average thickness of ~15 metres and the viewed window is ±50 metres. (CNW Group/Scottie Resources Corp.)

Figure 2: Overview plan view map of the Blueberry Zone, highlighting the projection of the inferred N-S mineralizing trend and drill intercepts from 2021 – gold highlighted results are from this release. (CNW Group/Scottie Resources Corp.)

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 and 2021, 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 zone is much wider than pursued in previous exploration models and drilling in 2021 was designed to expand its strike length and depth. 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 m . 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 ). Newcrest's Brucejack Mine is located 25 km to the north.

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.


Scottie Resources Corp. (CNW Group/Scottie Resources Corp.)

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SOURCE Scottie Resources Corp.

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