Scottie Adds Additional Drill on the Scottie Gold Project and Provides Exploration Update
22 Julio 2021 - 8:00AM
Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT)
is pleased to announce the addition of a second drill rig on its
100% owned Scottie Gold Project. The second rig has commenced
drilling on the Domino zone, located 2 km due west of the
high-grade past-producing Scottie Gold mine. The company has
already completed 1800 metres (m) of drilling at the Blueberry zone
and continues to expand and test the Blueberry target.
CEO and President, Bradley Rourke commented:
“The addition of a second rig will accelerate the efforts and allow
us additional flexibility within our aggressive 2021 field program.
We are excited to continue the testing of the Domino zone and
expand on last year’s encouraging drill results.”
Scottie Gold Mine Project
The Scottie Gold Mine, which operated between
1981 to 1985, produced 95,426 gold ounces from 183,147 tonnes at an
average recovered grade of 16.2 g/t gold. The mine ultimately shut
down due to a drop in gold price combined with high-interest rates.
Mineralization consists of east-west to northwest trending, steeply
dipping, shear veins, that are comprised of pyrrhotite > pyrite
± quartz ± calcite. The veins are hosted in a package of andesitic
volcanic rocks from the Hazelton Unuk River Formation that are
situated adjacent to the contact with the Summit Lake stock, part
of the Texas Creek Plutonic Suite. While 13 distinct gold-bearing
vein zones have been identified on the Scottie Gold Mine Project,
mine production was primarily from one vein (the M-zone).
Historical drilling of the Scottie Gold Mine was
largely focused on mine production, with little work done on
proving up substantial resources. The majority of historical
drilling was done from underground, and therefore consisted of
short holes with single targets – with very restricted drill pad
locations. Recent exploration by Scottie has used the benefits of
drilling from surface to target areas that were inaccessible with
underground drill locations, and where possible to test multiple
targets with individual holes.
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.
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.
Additional Information
Brad
Rourke |
Gordon
Robb |
President and CEO |
Business Development |
+1 250 877 9902 |
+1 250 217 2321 |
brad@scottieresources.com |
gordon@scottieresources.com |
|
|
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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