Scottie Resources Commences 5,000 Metre Gold Exploration Drill Program
09 Julio 2020 - 8:00AM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT), is pleased to announce
that drilling on the Scottie Gold Mine and other nearby targets has
commenced. The Company plans to complete 5,000 metres of diamond
drilling on high probability targets which include the Blueberry
Vein, Scottie Gold Mine and the Domino Zone.
CEO Bradley Rourke commented, “Our exploration
team has been working diligently on prioritizing our summer drill
program and are excited to initiate a fully funded drill campaign.
We have exceptional drill targets to test this year, which will
follow up on the drill successes of last fall. We are particularly
keen to expand the newly discovered high-grade Domino zone.”
Blueberry Vein
The first drill holes collared in 2020 will test
a recently discovered extension of the Blueberry Vein, where in the
fall of 2019 drilling intersected 7.44 g/t gold
over 34.78 metres. This near surface intercept is
open at depth and along strike.
Scottie Gold Mine
Subsequent drill holes will include aggressive
step out drilling along ore shoots of the past-producing Scottie
Gold Mine (95,426 oz at a recovered grade of 16.2 g/t). Work on the
deposit during the past few years has concentrated on compiling and
digitizing historic data, relogging drill core, and
reconceptualizing the mineralizing system. The revised model was
both tested and substantiated during the 2019 drill program, when a
single hole was drilled along a step out from the Scottie Gold Mine
and returned 11.72 g/t gold over 10.95
metres.
Domino Zone
Drilling will also test the most prospective new
target discovered during the 2019 field program: the Domino zone.
Locatedabout 2 km due west of the Scottie Gold Mine, the Domino
Zone exhibits similar mineralization style, grade, and orientation
to the Scottie Gold Mine. The area was recently exposed due to
retreating glaciers, which exposed multiple large (10+ metre)
massive sulphide lenses. First pass surficial sampling of the area
returned 9 samples over 5 g/t gold, including a 5.3 metre long chip
sample averaging 10.5 g/t gold. The highest-grade grab sample
graded 536 g/t gold and 129 g/t silver.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a0b34e38-e3c4-45ad-ade5-1335b18272ca
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 24,589 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 http://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.
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