VANCOUVER, BC, Dec. 3, 2024 /PRNewswire/ – Scottie Assets Corp. (“Scottie” or the “Company“) (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is happy to record fresh assays from its 2024 drilling of the P-, O-, M-, and N Zone’s on the ancient Scottie Gold Mine (SGM). The Scottie Gold Mine Challenge, which incorporates the 100% owned ancient mine and the adjoining Blueberry Touch Zone is positioned 35 kilometres north of town of Stewart, BC, alongside the Granduc Street.
Highlights:
Determine 1: Assessment plan view map of the Scottie Gold Mine, illustrating recognized mineralized zones, ancient underground workings, and the distribution of the collars and strains of the 2024 drill holes. (CNW Crew/Scottie Assets Corp.)
Determine 2: Go-section highlighting the new intercepts in SR23-333, -334, and 337 relative to fresh and ancient drilling of the Scottie Gold Mine and the diverse vein zones inside it. Observe that the orientation of the Morris fault is such that it dips all the way down to the west, developing field at intensity the additional west the veins collision. (CNW Crew/Scottie Assets Corp.)
- SGM – drillhole SR24-334 intersected 11.0 grams in step with tonne (g/t) gold over 7.50 metres (m) together with 31.0 g/t gold over 2.00 m within the O Zone and intersected 6.55 g/t gold over 5.50 m on the N Zone (Desk 1, Figures 1,2)
- SGM – drillhole SR24-333 intersected 6.28 g/t gold over 4.19 m together with 19.6 g/t gold over 1.00 m (Desk 1, Figures 1,2) on the N Zone
- P Zone SGM drillhole SR24-337 intersected 54.0 g/t gold over 1.00 m, representing a 35 m step-out to the northwest in a wide-open course
President and CEO, Brad Rourke commented: “Drilling at the Scottie Gold Mine this year was primarily driven by the objective to include the historic deposit into the upcoming resource estimate, nonetheless the recent results continue to show that there is significant expansion potential around the mine and the existing infrastructure. The new data has already generated additional high-confidence targets for next years program, that will fuel the continued expansion of known zones, and test new concepts. We feel that there is much more growth and discovery potential in and around the Scottie Gold Mine and plan to allocate a substantial portion of future drill programs to demonstrate the upside.”
Desk 1: Decided on effects from fresh drill assays (uncut) from the Scottie Gold Mine, P, O, M, and N Zones
|
Drill Hollow |
From |
To (m) |
Width* |
Gold |
Silver |
|
|
SR24-333 |
60.88 |
61.88 |
1.00 |
1.24 |
0.00 |
|
|
74.65 |
76.76 |
2.11 |
1.76 |
10.5 |
||
|
128.00 |
129.00 |
1.00 |
3.75 |
2.00 |
||
|
134.57 |
135.57 |
1.00 |
2.59 |
7.00 |
||
|
140.00 |
142.00 |
2.00 |
3.83 |
51.0 |
||
|
151.04 |
157.20 |
6.16 |
1.22 |
2.82 |
||
|
183.00 |
187.19 |
4.19 |
6.28 |
24.3 |
||
|
together with |
185.00 |
186.00 |
1.00 |
19.6 |
79.0 |
|
|
210.80 |
212.82 |
2.02 |
1.95 |
8.08 |
||
|
229.24 |
230.45 |
1.21 |
1.62 |
43.0 |
||
|
SR24-334 |
14.60 |
22.10 |
7.50 |
11.0 |
5.53 |
|
|
together with |
14.60 |
16.60 |
2.00 |
31.0 |
13.50 |
|
|
125.30 |
126.40 |
1.10 |
23.4 |
30.0 |
||
|
186.20 |
187.20 |
1.00 |
2.77 |
25.0 |
||
|
195.70 |
196.70 |
1.00 |
2.02 |
25.0 |
||
|
245.00 |
248.00 |
3.00 |
4.43 |
1.0 |
||
|
254.00 |
259.50 |
5.50 |
6.55 |
0.82 |
||
|
270.30 |
271.30 |
1.00 |
1.39 |
4.00 |
||
|
SR24-335 |
158.34 |
164.00 |
5.66 |
1.59 |
1.23 |
|
|
together with |
158.34 |
160.35 |
2.01 |
2.72 |
0.00 |
|
|
SR24-336 |
73.52 |
74.52 |
1.00 |
1.22 |
5.00 |
|
|
86.00 |
87.00 |
1.00 |
1.91 |
3.00 |
||
|
98.14 |
102.00 |
3.86 |
1.00 |
0.00 |
||
|
161.00 |
163.00 |
2.00 |
1.47 |
5.00 |
||
|
235.00 |
237.00 |
2.00 |
1.46 |
0.00 |
||
|
273.00 |
274.00 |
1.00 |
2.08 |
0.00 |
||
|
SR24-337 |
56.00 |
58.00 |
2.00 |
1.06 |
0.00 |
|
|
96.30 |
97.30 |
1.00 |
54.0 |
32.0 |
||
|
151.10 |
153.10 |
2.00 |
4.93 |
17.5 |
||
|
SR24-341 |
43.61 |
46.00 |
2.39 |
1.53 |
2.90 |
|
|
51.00 |
54.00 |
3.00 |
2.46 |
0.00 |
||
|
69.00 |
70.00 |
1.00 |
5.50 |
14.0 |
||
|
78.00 |
81.00 |
3.00 |
2.96 |
3.00 |
||
|
121.63 |
123.00 |
1.37 |
1.42 |
24.0 |
||
|
*True width of the periods has no longer but been established by means of drilling |
||||||
The Scottie Gold Mine, which operated between 1981 to 1985, produced 95,426 gold oz. from 183,147 tonnes at a mean recovered grade of 16.2 g/t gold. The mine in the end close indisposed because of a release in gold value mixed with high-interest price at the preliminary mine startup mortgage. When the mine shutdown, the store had over two years of manufacturing left in what the mine regarded as to be reserves (this ancient estimate isn’t in keeping with CIM Definition Requirements for Mineral Assets & Mineral Reserves and isn’t handled as such). The 2024 diamond drill program used to be designed to validate the ancient drill effects, prolong recognized zones, and check fresh goals across the past-producing mine.
Historic drilling of the Scottie Gold Mine used to be in large part interested in mine manufacturing, with tiny paintings performed on proving up really extensive sources. The vast majority of ancient drilling used to be performed from underground, and subsequently consisted of snip holes with unmarried goals – with very limited drill dwelling places. Fresh exploration by means of Scottie has impaired the advantages of drilling from floor to focus on farmlands that have been inaccessible with underground drill places, and the place conceivable to check a couple of goals with particular person holes.
In regards to the Scottie Gold Mine Challenge
Mineralization is composed of east-west to northwest trending, steeply dipping, shear veins, which are produced from pyrrhotite > pyrite ± quartz ± calcite. The veins are hosted in a package deal of andesitic volcanic rocks from the Hazelton Unuk River Formation which are located adjoining to the touch with the Zenith Pond hold, a part of the Texas Creek Plutonic Suite. Age 13 distinct gold-bearing vein zones had been recognized at the Scottie Gold Mine Challenge, mine manufacturing used to be essentially from one vein (the M-zone).
Exploration of the Scottie Gold Mine Challenge over the beyond 6 years has produced remarkable drill effects in the course of the discovery of high-grade gold in 4 fresh zones (Blueberry Touch Zone, Domino, D-Zone, P-Zone) and the growth of in the past drill proven goals (Scottie Gold Mine, C-Zone, Bend Vein, Stockwork). There’s a cloudless spatial relation between the outcropping and drill-confirmed high-grade gold goals and the touch with the Jurassic elderly, Texas Creek Plutonic suite intrusion. Geological paintings within the section has established robust connections between the diverse deposits. The chemical, mineralogical, structural, and day relationships of the deposits and host rocks help a genetic type wherein all deposits are connected to the similar mineralizing tournament.
In regards to the Scottie Gold Mine
The Scottie Gold Mine, which operated between 1981 to 1985, produced 95,426 gold oz. from 183,147 tonnes at a mean recovered grade of 16.2 g/t gold. The mine in the end close indisposed because of a release in gold value mixed with high-interest charges. Mineralization is composed of east-west to northwest trending, steeply dipping, shear and extensional veins, which are produced from pyrrhotite > pyrite ± quartz ± calcite. The veins are hosted in a package deal of andesitic volcanic rocks from the Hazelton Crew – Unuk River andesite unit which are located adjoining to the touch with the Zenith Pond hold, a part of the Texas Creek Plutonic suite. Age 13 distinct gold-bearing vein zones had been recognized at the Scottie Gold Mine Challenge, mine manufacturing used to be essentially from one vein zone (the M-zone).
Historic drilling of the Scottie Gold Mine used to be in large part interested in mine manufacturing, with tiny paintings performed on proving up really extensive sources and reserves. The vast majority of ancient drilling used to be performed from underground, and subsequently consisted of snip holes with unmarried goals – with very limited drill dwelling places. Fresh exploration by means of Scottie has impaired the advantages of drilling from floor to focus on farmlands that have been inaccessible with underground drill places, and the place conceivable to check a couple of goals with particular person holes. The Scottie Gold Mine is positioned at the Granduc Street, 20 km north of the Ascot Assets’ Premier Challenge, which is within the means of refurbishing their mill in probability of manufacturing in Q1 2024.
Property Guarantee and Keep an eye on
Effects from samples taken all through the 2024 garden season have been analyzed at SGS Minerals in Burnaby, BC. The sampling program used to be undertaken underneath the course of Dr. Thomas Mumford. A accumulation chain of custody is maintained in transporting and storing of all samples. Gold used to be assayed the use of a hearth assay with atomic absorption spectrometry and gravimetric end when required (+9 g/t gold). Research by means of 4 acid digestion with multi-element ICP-AES research used to be carried out on all samples with silver and bottom steel over-limits being re-analyzed by means of emission spectrometry.
Dr. Thomas Mumford, P.Geo., a professional particular person underneath Nationwide Device 43-101, has reviewed the technical data contained on this information loose in the name of the Corporate.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% curiosity within the Scottie Gold Mine Trait which incorporates the Blueberry Touch Zone and the high-grade, past-producing Scottie Gold Mine. Scottie additionally owns 100% curiosity within the Georgia Challenge which accommodates the high-grade past-producing Georgia River Mine, in addition to the Cambria Challenge houses and the Sulu and Stream North houses. Altogether Scottie Assets holds roughly 58,500 hectares of mineral claims within the Stewart Mining Camp within the Blonde Triangle.
The Corporate’s focal point is on increasing the recognized mineralization across the past-producing mines age advancing close mine high-grade gold goals, with the aim of turning in a possible useful resource.
All the Corporate’s houses are positioned within the section referred to as the Blonde Triangle of British Columbia which is one of the international’s maximum prolific mineralized districts.
Ahead Taking a look Statements
This information loose might comprise ahead‐taking a look statements. Ahead taking a look statements are statements that aren’t ancient info and are normally, however no longer at all times, recognized by means of the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and indistinguishable expressions, or that occasions or situations “will”, “would”, “may”, “could” or “should” happen. Even though the Corporate believes the expectancies expressed in such ahead‐taking a look statements are in line with cheap guesses, such statements aren’t promises of moment efficiency and untouched effects might vary materially from the ones in ahead taking a look statements. Ahead‐taking a look statements are in line with the ideals, estimates and critiques of the Corporate’s control at the future such statements have been made. The Corporate expressly disclaims any purpose or legal responsibility to replace or revise any ahead‐taking a look statements whether or not because of fresh data, moment occasions or differently.
Neither TSX Mission Alternate nor its Law Products and services Supplier (as that time period is outlined within the insurance policies of TSX Mission Alternate) accepts accountability for the adequacy of accuracy of this loose.
SOURCE Scottie Assets Corp.
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