15:16:09 EDT Tue 07 May 2024
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or Name
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CA



Scottie Resources Corp
Symbol SCOT
Shares Issued 266,143,567
Close 2023-06-29 C$ 0.255
Market Cap C$ 67,866,610
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Scottie Resources begins 2023 drilling at Blueberry

2023-06-30 10:01 ET - News Release

Mr. Brad Rourke reports

SCOTTIE RESOURCES COMMENCES 2023 DRILLING ON BLUEBERRY CONTACT ZONE

Scottie Resources Corp. has commenced its 2023 drill program on its high-grade Blueberry contact zone target. The Blueberry contact zone is located two kilometres north-northeast of the 100-per-cent-owned and royalty-free, past-producing, high-grade Scottie gold mine, 35 kilometres north of the town of Stewart, B.C., along the Granduc Road.

President and chief executive officer Brad Rourke commented: "We are up and running, with three drills now turning on the Blueberry contact zone. Our 20,000-metre 2023 drill program is primarily focused on expansion of the structure, both at depth and along strike, following up on the exceptional results of last year's program. With a strong early start to the season, we expect to begin releasing results over the coming months and are excited to further define this high-grade, road-accessible gold system."

About the Blueberry contact zone

The Blueberry zone is located just two kilometres northeast of the 100-per-cent-owned, past-producing Scottie gold mine located in British Columbia, Canada's Golden Triangle region. Historic trenching and channel sampling of the Blueberry vein include results of 103.94 grams per tonne gold over 1.43 metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry vein had only limited reported drilling prior to the company's exploration work. The target was significantly advanced during Scottie's 2019 drill program when an interval grading 7.44 g/t gold over 34.78 metres was intersected in a new splay-off zone of the main Blueberry vein. The drill results received from 2020 to 2023, coupled with surficial mapping and sampling, suggest that this splay is in fact a major north-south mineralized structure, of which the Blueberry vein was only a secondary structure. The zone has a drilled strike length of 1,550 metres, is steeply dipping and has been tested to 400 metres depth. The Blueberry zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier project, which is fully financed for construction. Newcrest's Brucejack mine is located 25 kilometres to the north.

Thomas Mumford, PhD, PGeo and vice-president, 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-per-cent interest in the Scottie gold mine property which includes the Blueberry zone and the high-grade, past-producing Scottie gold mine. Scottie also owns 100-per-cent 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 approximately 60,000 hectares 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.

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