SCOTTIE RESOURCES INTERCEPTS 194 G/T GOLD OVER 2.40 METRES ON BLUEBERRY CONTACT ZONE

Rhea-AI Summary

Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) announced significant new assay results from the Blueberry Contact Zone, highlighting intercepts of 194 g/t gold over 2.40 metres and 4.61 g/t gold over 2.5 metres from drill hole SR22-156. Located near the past-producing Scottie Gold Mine in British Columbia, the zone is entirely owned and royalty-free. CEO Brad Rourke emphasized that this is the highest-grade intercept in the company’s history and suggests a robust mining system with substantial potential for further discovery.

Positive

• Highest-grade intercept ever drilled by Scottie, indicating a robust mining system.
• Significant gold intercepts at Blueberry Contact Zone could lead to increased resource estimates.
• 100% ownership and royalty-free status enhance financial potential.

Negative

• None.

VANCOUVER, BC, Jan. 5, 2023 /PRNewswire/ - Scottie Resources Corp. ("Scottie" or the "Company") (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) is pleased to report new assays on its Blueberry Contact Zone including intercepts of 194 g/t gold over 2.40 metres and 4.61 g/t gold over 2.5 metres in hole SR22-156. The Blueberry Contact Zone is located 2 km north-northeast of the past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC, along the Granduc Road. The Blueberry Contact Zone is 100% owned and royalty free.

Table 1: Selected results from new drill assay results (uncut) from the Blueberry Contact Zone.

Drill Hole		From (m)	To  (m)	Width* (m)	Gold (g/t)	Silver (g/t)
SR22-156		119.5	120.5	1.00	2.49	14.0
		148	150.4	2.40	194	16.8
		255	257.5	2.50	4.61	0.0
SR22-160		39	43	4.00	1.26	10.8
	including	42	43	1.00	4.12	10.0
		61.57	62.2	0.63	2.52	9.0
		87	88.5	1.50	5.04	2.0
		104	105	1.00	1.72	11.0
		125	126	1.00	1.04	50.0
SR22-179		64	65	1.00	3.31	10.0
		184.5	190.54	6.04	2.88	2.6
	including	188.54	190.54	2.00	5.46	7.0

* True thicknesses of mineralized intercepts are undetermined

 

President and CEO, Brad Rourke: "Across all our targets, hole SR22-156 is the highest-grade intercept that Scottie has ever drilled. Its location significantly expands our bonanza grade zone at the north end of the Blueberry contact structure and we are still awaiting on additional assays down plunge from this sizeable gold hit. The grades at depth continue to reinforce that we are exploring a robust system that has substantial upside."

About the Blueberry Contact Zone

The Blueberry Zone is located just 2 kilometres northeast of the 100% 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 g/t 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 zone off of the main Blueberry Vein. The drill results received in 2020 and 2021, coupled with surficial mapping and sampling suggest that this splay is in fact a major N-S mineralized structure, of which the Blueberry Vein was only a secondary structure. This zone is much wider than pursued in previous exploration models and drilling in 2022 has expanded its strike length to >1,450 metres and its depth to 390 metres. The zone is steeply dipping, and there is no current restraint on its potential depth; the mineralization at the adjacent Scottie Gold Mine has a vertical extent greater than 450 metres. The Blueberry Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Project, which is fully financed for construction (Dec 12, 2022). Newcrest's Brucejack Mine is located 25 kilometres to the north.

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.

Quality Assurance and Control

Results from samples taken during the 2022 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t Au). Analysis by four acid digestion with multi-element ICP-AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns a 100% 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% 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 59,000 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. The Company's focus is on expanding the known mineralization around the past-producing mine 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.

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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SOURCE Scottie Resources Corp.

FAQ

What are the latest assay results from Scottie Resources (SCTSF)?

Scottie Resources reported intercepts of 194 g/t gold over 2.40 metres and 4.61 g/t gold over 2.5 metres from its Blueberry Contact Zone.

Where is the Blueberry Contact Zone located?

The Blueberry Contact Zone is located 2 km north-northeast of the past-producing Scottie Gold Mine in British Columbia.

What is the significance of the new assay results for SCTSF stock?

The new assay results demonstrate high-grade gold intercepts, indicating potential for increased resource estimates and positive impacts on the stock value.

Who is the CEO of Scottie Resources Corp.?

The CEO of Scottie Resources Corp. is Brad Rourke.

What are the future prospects for Scottie Resources (SCTSF) based on the new results?

With the highest-grade intercepts recorded and ongoing exploration, Scottie Resources anticipates further discovery and potential expansion of their gold resources.