Scottie Resources Intercepts 20.2 g/t Gold over 2.60m at Scottie Gold Mine O Zone
Scottie Resources has reported new assays from its 2024 drilling program at the historic Scottie Gold Mine. Key highlights include drillhole SR24-345 intersecting 20.2 g/t gold over 2.60 metres at the O Zone, and SR24-339 intersecting 9.50 g/t gold over 3.00m at the M Zone and 4.50 g/t gold over 4.00m at the N Zone.
The project, located 35 kilometres north of Stewart, BC, includes maiden drilling of the Golden Buckle Zone, which produced gold-bearing intervals including 1.87 g/t gold over 1.00m. The historic Scottie Gold Mine, which operated from 1981 to 1985, produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold before shutting down due to falling gold prices and high interest rates.
Scottie Resources ha riportato nuovi risultati dai suoi programmi di perforazione del 2024 presso il storico Scottie Gold Mine. I punti salienti includono il foro di perforazione SR24-345 che ha intersecato 20.2 g/t di oro su 2.60 metri nella zona O, e SR24-339 che ha intersecato 9.50 g/t di oro su 3.00m nella zona M e 4.50 g/t di oro su 4.00m nella zona N.
Il progetto, situato a 35 chilometri a nord di Stewart, BC, include la perforazione iniziale della Golden Buckle Zone, che ha prodotto intervalli con oro incluso 1.87 g/t di oro su 1.00m. L'historico Scottie Gold Mine, che ha operato dal 1981 al 1985, ha prodotto 95.426 once d'oro da 183.147 tonnellate a un grado medio di recupero di 16.2 g/t di oro prima di cessare l'attività a causa della caduta dei prezzi dell'oro e dei tassi d'interesse elevati.
Scottie Resources ha reportado nuevos ensayos de su programa de perforación 2024 en la histórica Scottie Gold Mine. Los puntos clave incluyen el pozo de perforación SR24-345 que intersectó 20.2 g/t de oro a lo largo de 2.60 metros en la Zona O, y SR24-339 que intersectó 9.50 g/t de oro a lo largo de 3.00m en la Zona M y 4.50 g/t de oro a lo largo de 4.00m en la Zona N.
El proyecto, ubicado a 35 kilómetros al norte de Stewart, BC, incluye la perforación inaugural de la Zona Golden Buckle, que produjo intervalos con oro, incluyendo 1.87 g/t de oro en 1.00m. La histórica Scottie Gold Mine, que operó desde 1981 hasta 1985, produjo 95,426 onzas de oro de 183,147 toneladas a un grado medio recuperado de 16.2 g/t de oro antes de cerrar debido a la caída de los precios del oro y las altas tasas de interés.
Scottie Resources는 역사적인 Scottie Gold Mine에서 2024년 시추 프로그램의 새로운 분석 결과를 보고했습니다. 주요 하이라이트로는 O 존에서 20.2 g/t 금을 2.60미터 동안 탐지한 시추공 SR24-345와 M 존에서 3.00m에 걸쳐 9.50 g/t 금을 탐지한 SR24-339, N 존에서 4.00m에 걸쳐 4.50 g/t 금을 탐지한 것이 포함됩니다.
이 프로젝트는 BC주 스튜어트에서 북쪽으로 35킬로미터 떨어진 곳에 위치하며, 금속이 함유된 간격을 포함한 Golden Buckle Zone의 최초 시추가 포함되어 있습니다. 이 시추에서 1.87 g/t 금을 1.00m 동안 탐지했습니다. 1981년부터 1985년까지 운영된 역사적인 Scottie Gold Mine는 183,147톤에서 95,426온스의 금을 생산했으며, 평균 회수 등급은 16.2 g/t 금으로, 금 가격 하락과 높은 이자율 때문에 중단되었습니다.
Scottie Resources a rapporté de nouvelles analyses de son programme de forage 2024 au sein de l'historique Scottie Gold Mine. Les points clés incluent le forage SR24-345 ayant intercepté 20.2 g/t d'or sur 2.60 mètres dans la Zone O, et SR24-339 ayant intercepté 9.50 g/t d'or sur 3.00m dans la Zone M, ainsi que 4.50 g/t d'or sur 4.00m dans la Zone N.
Le projet, situé à 35 kilomètres au nord de Stewart, en Colombie-Britannique, comprend le premier forage de la Golden Buckle Zone, qui a produit des intervalles aurifères incluant 1.87 g/t d'or sur 1.00m. L'historique Scottie Gold Mine, qui a fonctionné de 1981 à 1985, a produit 95 426 onces d'or à partir de 183 147 tonnes avec un grade de récupération moyen de 16.2 g/t d'or avant de fermer en raison de la baisse des prix de l'or et des taux d'intérêt élevés.
Scottie Resources hat neue Analysen aus seinem Bohrprogramm 2024 in der historischen Scottie Gold Mine veröffentlicht. Zu den Hauptpunkten gehört das Bohrloch SR24-345, das 20.2 g/t Gold über 2.60 Meter in der O-Zone durchschnitten hat, und SR24-339, das 9.50 g/t Gold über 3.00m in der M-Zone sowie 4.50 g/t Gold über 4.00m in der N-Zone durchschnitten hat.
Das Projekt, das 35 Kilometer nördlich von Stewart, BC, liegt, umfasst das erste Bohren in der Golden Buckle Zone, die goldhaltige Intervalle produziert hat, einschließlich 1.87 g/t Gold über 1.00m. Die historische Scottie Gold Mine, die von 1981 bis 1985 betrieben wurde, produzierte 95.426 Unzen Gold aus 183.147 Tonnen mit einer durchschnittlichen Abbauqualität von 16.2 g/t Gold, bevor sie aufgrund sinkender Goldpreise und hoher Zinsen eingestellt wurde.
- High-grade gold intercepts: 20.2 g/t over 2.60m in O Zone
- Multiple mineralized zones identified with significant gold grades
- Historical production of 95,426 gold ounces at 16.2 g/t average grade
- Located near Ascot Resources' Premier Project with operational mill
- True width of the intervals not yet established by drilling
- Historical reserves not compliant with current CIM Definition Standards
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) ("Scottie" or the "Company")is pleased to report new assays from its 2024 drilling of the O-, M-, and N Zone's at the historic Scottie Gold Mine (SGM. The Scottie Gold Mine Project, which includes the
Highlights:
SGM - drillhole SR24-345 intersected 20.2 grams per tonne (g/t) gold over 2.60 metres (m) at the O Zone (Table 1, Figures 1,2,3)
SGM - drillhole SR24-339 intersected 9.50 g/t gold over 3.00 m (Table 1, Figures 1,2,3) at the M Zone, and 4.50 g/t gold over 4.00 m at the N Zone, including 16.7 g/t gold over 1.00 m
Maiden drilling of the Golden Buckle Zone produced gold bearing intervals including 1.87 g/t gold over 1.00 m (Table 1, Figure 1)
Zone is located between the Scottie Gold Mine and the D Zone, occurring along the 6 km mineralized trend bordering the adjacent Jurassic aged Summit Lake Stock, part of the Texas Creek plutonic suite.
President and CEO, Brad Rourke commented: "These holes represent the final results from this season's drilling at the Scottie Gold Mine and have really added to the modelling of the vein zones within it. These intercepts will help establish a high-grade resource at the historic deposit, that we look forward to putting out in the New Year. We also remind those following our progression that additional Blueberry drill results from 2024 are still to come."
Table 1: Selected results from new drill assays (uncut) from the Scottie Gold Mine, O, M, and N Zones, and the new Golden Buckle Zone.
| Drill Hole | From (m) | To (m) | Width* (m) | Gold (g/t) | Silver (g/t) | Zone | |
| SR24-339 | 33.00 | 36.00 | 3.00 | 9.50 | 3.00 | SGM - M Zone | |
| 68.54 | 70.00 | 1.46 | 10.3 | 4.00 | SGM - M Zone | ||
| 132.00 | 136.00 | 4.00 | 4.50 | 7.50 | SGM - N Zone | ||
| including | 135.00 | 136.00 | 1.00 | 16.7 | 24.0 | SGM - N Zone | |
| SR24-342 | 25.00 | 28.00 | 3.00 | 1.21 | 4.00 | SGM - O Zone | |
| 52.00 | 58.00 | 6.00 | 1.78 | 4.00 | SGM - O Zone | ||
| SR24-344 | 60.50 | 62.00 | 1.50 | 1.25 | 0.00 | SGM - M Zone | |
| 68.65 | 69.65 | 1.00 | 12.2 | 5.00 | SGM - M Zone | ||
| SR24-345 | 26.60 | 29.20 | 2.60 | 20.2 | 13.8 | SGM - O Zone | |
| 69.30 | 73.00 | 3.70 | 1.48 | 9.00 | SGM - O Zone | ||
| 78.00 | 81.25 | 3.25 | 2.48 | 5.55 | SGM - O Zone | ||
| 88.40 | 89.40 | 1.00 | 5.32 | 8.00 | SGM - O Zone | ||
| SR24-347 | 63.05 | 65.20 | 2.15 | 3.09 | 18.4 | SGM - O Zone | |
| SR24-348 | 101.00 | 102.05 | 1.05 | 1.02 | 17.0 | Golden Buckle | |
| SR24-349 | 106.90 | 107.90 | 1.00 | 1.87 | 24.0 | Golden Buckle | |
| *True width of the intervals has not yet been established by drilling | |||||||
About the Scottie Gold Mine
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 rate on the initial mine startup loan. When the mine shutdown, the deposit had over two years of production left in what the mine considered to be reserves (this historical estimate is not consistent with CIM Definition Standards for Mineral Resources & Mineral Reserves and is not treated as such). The 2024 diamond drill program was designed to validate the historical drill results, extend known zones, and test new targets around the past-producing mine.
Figure 1: Overview plan view map of the Scottie Gold Mine Project, illustrating known mineralized zones along the margin of the Texas Creek intrusive and the location of the Golden Buckle Zone relative to the Scottie Gold Mine and other zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/236260_d34fec7f24dcca37_004full.jpg
Figure 2: Overview plan view map of the Scottie Gold Mine, illustrating known mineralized zones, historic underground workings, and the distribution of the collars and traces of the 2024 drill holes.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/236260_d34fec7f24dcca37_005full.jpg
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.
About the Scottie Gold Mine Project
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).
Figure 3: Cross-section highlighting the recent intercepts in SR23-339, -342, -344, -345, and -347 relative to recent and historical drilling of the Scottie Gold Mine and the various vein zones within it. Note that the orientation of the Morris fault is such that it dips down to the west, creating space at depth the further west the veins strike.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/236260_d34fec7f24dcca37_006full.jpg
Exploration of the Scottie Gold Mine Project over the past 6 years has produced exceptional drill results through the discovery of high-grade gold in four new zones (Blueberry Contact Zone, Domino, D-Zone, P-Zone) and the expansion of previously drill confirmed targets (Scottie Gold Mine, C-Zone, Bend Vein, Stockwork). There is a clear spatial relation between the outcropping and drill-confirmed high-grade gold targets and the contact with the Jurassic aged, Texas Creek Plutonic suite intrusion. Geological work in the area has established strong connections between the various deposits. The chemical, mineralogical, structural, and age relationships of the deposits and host rocks support a genetic model whereby all deposits are linked to the same mineralizing event.
About the Scottie Gold Mine
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 and extensional veins, that are comprised of pyrrhotite > pyrite ± quartz ± calcite. The veins are hosted in a package of andesitic volcanic rocks from the Hazelton Group - Unuk River andesite unit 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 zone (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 and reserves. 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. The Scottie Gold Mine is located on the Granduc Road, 20 km north of the Ascot Resources' Premier Project, which is in the process of refurbishing their mill in anticipation of production in Q1 2024.
Quality Assurance and Control
Results from samples taken during the 2024 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 gold). 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.
Dr. Thomas Mumford, P.Geo., 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
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
President and CEO
+1 250 877 9902
brad@scottieresources.com
Gordon Robb
Business Development / IR
+1 250 217 2321
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236260
FAQ
What are the latest drilling results for Scottie Resources (SCTSF) at the O Zone?
How much gold did the historic Scottie Gold Mine produce during its operational period?
What caused the Scottie Gold Mine to shut down in 1985?
How many gold-bearing vein zones have been identified at the Scottie Gold Mine Project?
What were the drilling results from the new Golden Buckle Zone of SCTSF?
