Scottie Resources Reports Intercepts of 7.0 g/t Gold over 14.40 m and 14.66 g/t Gold over 4.00 m at Blueberry Contact Zone

Rhea-AI Summary

Scottie Resources (SCTSF) has reported final assays from its 2024 drilling campaign at the Blueberry Contact Zone, part of the Scottie Gold Mine Project in British Columbia. The campaign, consisting of 10,270 metres of diamond drilling, yielded significant high-grade gold intercepts.

Key results include drillhole SR24-357 intersecting 7.00 g/t gold over 14.40 m (including 47.40 g/t gold over 2.00 m), and SR24-359 yielding 14.66 g/t gold over 4.00 m (including 52.60 g/t gold over 1.00 m). The Blueberry Contact Zone now has a drilled strike length exceeding 1,550 metres and has been tested to depths greater than 525 metres.

The company is fully funded for 2025 and plans to include these results in their upcoming maiden resource estimate.

Positive

• High-grade gold intercepts: 7.00 g/t over 14.40m and 14.66 g/t over 4.00m
• Extensive drilling coverage with 10,270 metres completed
• Blueberry Contact Zone expanded to >1,550m strike length
• Company is fully funded for 2025 exploration
• Maiden resource estimate upcoming

Negative

• None.

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE:SR8) ("Scottie" or the "Company") is pleased to report the final assays from its 2024 drilling campaign, including multiple high-grade gold intercepts on Blueberry Contact vein zones. The Scottie Gold Mine Project, which includes the 100% owned historic mine and the adjacent Blueberry Contact Zone is located 35 kilometres north of the town of Stewart, BC, along the Granduc Road.

Highlights:

• 2024 drill campaign consisted of 10,270 metres (m) of diamond drilling, particularly focused on expansion of the Blueberry Contact Zone and characterizing the resource of the Scottie Gold Mine deposit
  • Drilling resulted in the discovery of the Wolf Zone at the Scottie Gold Mine (see news release dated December 12, 2024)

• Blueberry Contact drillhole SR24-357 intersected 7.00 grams per tonne (g/t) gold over 14.40 m including 47.40 g/t gold over 2.00 m at the Fifi vein zone (Table 1, Figures 1, 2, 3)

• Blueberry Contact drillhole SR24-359 intersected 14.66 g/t gold over 4.00 m including 52.60 g/t gold over 1.00 m at the Road vein zone, and 4.81 g/t gold over 8.00 m including 10.83 g/t gold over 3.00 m at the at the BB vein zone. The hole also intercepted 35.0 g/t gold over 1.00 m on the Fifi vein zone (Table 1, Figures 1, 2, 4)

• Blueberry Contact drillhole SR24-358 intersected 12.40 g/t gold over 1.00 m at the Lemoffe vein zone (Table 1, Figures 1 ,2)

President and CEO, Brad Rourke commented: "These final drill results from this season's program continue to demonstrate the continuity and high-grade nature of the deposits in the Scottie Gold Mine Project. These released Blueberry intercepts represent the impressive grades and widths that this structure continues to yield. We look forward to including these results into our maiden resource estimate in the coming months. Fully funded for 2025, we are actively planning this year's exploration and drill program to further advance the Scottie Gold Mine Project. We thank our shareholders for their continued support as we complete this important project milestone."

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

Drill Hole		From (m)	To (m)	Width* (m)	Gold (g/t)	Silver (g/t)	Sub Zone
SR24-357		228.00	229.50	1.50	1.07	0.0	Fifi
		249.40	250.50	1.10	1.66	0.0	Fifi
		278.50	292.90	14.40	7.00	1.4	Fifi
	including	290.90	292.90	2.00	47.40	10.0	Fifi
SR24-358		367.50	368.50	1.00	12.40	3.0	Lemoffe
SR24-359		17.20	23.00	5.80	7.62	0.0	Road
		38.00	41.00	3.00	0.99	0.0	Road
		48.00	52.00	4.00	14.66	5.3	Road
	including	50.00	51.00	1.00	52.60	16.0	Road
		70.00	71.00	1.00	1.20	0.0	Road
		141.00	143.50	2.50	3.35	6.4	BB vein
		198.00	206.00	8.00	4.81	1.1	BB vein
	including	198.00	201.00	3.00	10.83	3.0	BB vein
		269.00	272.00	3.00	3.70	0.0	Fifi
		381.50	382.50	1.00	35.00	7.0	Fifi
		399.00	401.00	2.00	2.32	52.0	Lemoffe
*True width of the intervals has not yet been established by drilling

 

This release constitutes the final results from Scottie Resources 2024 drill campaign; all significant intercepts have now been reported.

About the Blueberry Contact Zone

The Blueberry Contact Zone is located just 2 kilometres northeast of the 100% owned, past-producing Scottie Gold Mine (SGM) 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 N-S oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2024, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a first order structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. As of the end of 2024, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of >1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located 25 kilometres to the north.

Figure 1: Overview plan view map of the Blueberry Contact Zone, illustrating the locations of the reported drill results and cross-sections (Figures 3 and 4), and the distribution of the modelled sulphide-rich cross-structures.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/238651_43fa2a2644ab7896_004full.jpg

Figure 2: Segmented vertical long section of the Blueberry Contact Zone illustrating the distribution and status of drilled targets from the 2024 season and the reported results thus far, relative to intercepts from previous drilling campaigns.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/238651_43fa2a2644ab7896_005full.jpg

About the Scottie Gold Mine Project

Mineralization on the project consists of east-west to northwest trending, steeply dipping, shear veins, that are comprised of pyrrhotite > pyrite ± quartz ± calcite. The veins are primarily 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).

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 five new zones (Blueberry Contact Zone, Domino, D-Zone, P-Zone, Wolf) 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.

Figure 3: Cross-section displaying Blueberry Contact Zone intercepts from drill hole SR24-357.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/238651_43fa2a2644ab7896_006full.jpg

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.

Figure 4: Cross-section displaying Blueberry Contact Zone intercepts from drill hole SR24-359.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/238651_43fa2a2644ab7896_007full.jpg

ABOUT SCOTTIE RESOURCES CORP.

Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact 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 and Tide North properties. Altogether Scottie Resources holds approximately 58,500 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.

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/238651

FAQ

What are the latest gold intercept results from Scottie Resources (SCTSF) 2024 drilling program?

The latest results include 7.00 g/t gold over 14.40m (including 47.40 g/t over 2.00m) from hole SR24-357, and 14.66 g/t gold over 4.00m (including 52.60 g/t over 1.00m) from hole SR24-359.

How many meters were drilled in SCTSF's 2024 campaign?

The 2024 drill campaign consisted of 10,270 metres of diamond drilling.

What is the current strike length of SCTSF's Blueberry Contact Zone?

The Blueberry Contact Zone has a drilled strike length exceeding 1,550 metres and has been tested to depths greater than 525 metres.

When will Scottie Resources (SCTSF) release its maiden resource estimate?

The company plans to include the latest drilling results in their maiden resource estimate, which is expected in the coming months of 2025.

Where is SCTSF's Scottie Gold Mine Project located?

The Scottie Gold Mine Project is located 35 kilometres north of Stewart, BC, along the Granduc Road in Canada's Golden Triangle region.