Scottie Resources Unveils Notable Assay Results
Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) is excited to share the latest drilling results from its operations at the Scottie Gold Mine. This project includes the historic mine and the nearby Blueberry Contact Zone, which showcases the rich potential of the area.
Drilling Highlights
Encouraging Assays
Recent results reveal remarkable drill hole intercepts: drillhole SR24-334 encountered a stunning 11.0 grams per tonne (g/t) gold over 7.50 metres, which includes a striking 31.0 g/t gold over 2.00 m in the O Zone. Furthermore, this drill hole also recorded 6.55 g/t gold over 5.50 m at the N Zone.
SWillgdrillhole SR24-333 also produced impressive numbers, discovering 6.28 g/t gold over 4.19 m, including 19.6 g/t gold over 1.00 m within the N Zone. Additionally, another drillhole in the P Zone demonstrated exceptional grades with 54.0 g/t gold over 1.00 m, indicating substantial potential for further exploration.
Management Insights
Growth and Exploration Plans
Brad Rourke, President and CEO of Scottie Resources Corp., expressed enthusiasm about the findings, stating, "The primary focus this year was to integrate the historic deposit into our upcoming resource estimate. However, these results reveal significant expansion potential surrounding the mine. We have high-confidence targets for the next year's exploration program that will bolster our ongoing efforts to expand known zones and explore new concepts."
The Scottie Gold Mine Project
The Scottie Gold Mine operated from 1981 to 1985 and produced a total of 95,426 ounces of gold from 183,147 tonnes of ore, averaging a commendable grade of 16.2 g/t gold. The mine ceased operations primarily due to dropping gold prices coupled with high-interest rates on startup loans. Despite the closure, the mine had identified reserves remaining that offered over two years of production. However, recent exploration has focused on validating historical data and uncovering new targets around the mine.
The drilling initiatives over the past years have utilized surface locations to access zones previously unreachable due to limited underground exploration capabilities. This strategy has allowed Scottie Resources to capture a clearer understanding of the mineralization and underlying geology.
Geological Context
Understanding the Mineralization
The mineralization at the Scottie Gold Mine includes east-west to northwest trending shear veins composed of pyrrhotite, pyrite, and occasionally quartz and calcite. These veins are found within andesitic volcanic rocks from the Hazelton Unuk River Formation, situated near the Summit Lake stock, which is part of the Texas Creek Plutonic Suite. Within this expansive project, there are 13 distinct gold-bearing vein zones, yet the primary production was historically from the M-zone.
Recent exploration efforts have identified new high-grade zones, demonstrating a rich and promising future for the Scottie Gold Mine Project. In the last six years, the exploration campaign successfully unearthed gold in four new zones while expanding previously confirmed targets, thereby enhancing the project’s overall resource profile.
Quality Assurance and Control
Analytical samples from the 2024 drilling campaign have been rigorously evaluated at SGS Minerals. Managed by Dr. Thomas Mumford, a secure chain of custody has been established in sample handling to uphold integrity throughout the process. Gold analysis was conducted via fire assay methods, with additional testing for silver and base metals when necessary.
About Scottie Resources Corp.
Scottie holds a 100% interest in the Scottie Gold Mine Property, which encompasses the high-grade mining district and the adjacent Blueberry Contact Zone. Additionally, the company manages the Georgia Project, which features the high-grade past-producing Georgia River Mine. The overall portfolio covers approximately 58,500 hectares of mineral claims within the renowned Stewart Mining Camp located in British Columbia’s Golden Triangle—recognized globally for its prolific mineralization.
Frequently Asked Questions
What are the recent gold assay results from Scottie Resources?
Scottie Resources reported impressive assays with drillhole SR24-334 intercepting 11.0 g/t gold over 7.5 m and SR24-333 yielding 6.28 g/t gold over 4.19 m.
How does Scottie Resources approach its drilling programs?
The company utilizes surface drilling techniques to access zones that were previously unreachable, allowing for a more comprehensive understanding of the mineralization.
What geological features are present in the Scottie Gold Mine?
The mine features east-west and northwest trending shear veins primarily composed of pyrrhotite and pyrite within andesitic volcanic rock formations.
How did Scottie Resources perform during past mining operations?
The Scottie Gold Mine operated from 1981 to 1985, producing over 95,000 ounces of gold, with significant production grades averaging 16.2 g/t gold.
What are Scottie Resources’ expansion plans for the future?
Scottie Resources aims to continue expanding known zones and exploring new high-confidence targets to enhance its resource estimates in upcoming drilling programs.
