Scottie Resources Commences EM and IP Geophysical Surveys on Scottie Gold Project
03 Septiembre 2020 - 6:55AM
Scottie Resources Corp. (“
Scottie” or the
“
Company”) (TSXV: SCOT) is pleased to announce
that it has commenced (1) a 57 km2 helicopter borne concurrent
magnetic and electromagnetic surveys (EM), and (2) two induced
polarization (IP) survey grids on its Scottie Gold claims in
northern BC’s Golden Triangle.
CEO Bradley Rourke commented “Scottie Resources
continues to aggressively explore and develop the Scottie Gold Mine
Project. These geophysical surveys will enhance our technical data
and understanding for future drill targeting. Drill progress has
been better than expected and over 4,500 metres has been completed
to date. Drill results will be released upon receipt.”
The EM survey, carried out by Precision
GeoSurveys Inc., will comprise approximately 634 line kilometres,
with 100-metre line spacing, using a Triumph AirTEM™ time-domain
electromagnetic system. Historic multi-frequency EM surveys
indicate that the mineralization is conductive due to pyrrhotite
which is coincident with the gold mineralization at the Scottie
Gold Mine as well as other drill validated targets, including the
Blueberry and Bend Veins. By design, the 2020 survey will cover all
of the core claims of the Scottie Gold Project, and the new tighter
spaced survey will better define and delineate the continuity of
mineralization and potentially add additional targets for drill
testing.
The ground IP geophysical surveys, to be carried
out by Scott Geophysics, a BC-based specialized IP survey
contractor, will comprise 12.75 line kilometres, and will be
conducted over the Bend and Domino Zones. The grid on the Bend
structure will be used to produce a detailed 3D inversion model of
the Bend vein and target other high-grade ore shoots along the
larger structure. The grid on the Domino zone will be a wider
spaced survey used to identify large scale anomalies between the
past-producing Scottie Gold Mine and the Domino Zone. The surveys
will be used to guide the ongoing 2020 drill program, as well as
future drill programs.
Together these geophysical surveys will aid
interpretation in conjunction with sampling and geological mapping
and will guide exploration in 2020 and beyond.
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 or Rahim Lakha, Corporate Development at (416)
414-9954.
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 (TSXV:SCOT)
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Scottie Resources (TSXV:SCOT)
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