• Scottie Resources (SCOT) has intersected a triple-digit gold assay at its Scottie mine property in British Columbia
  • After analysing the results from its 2020 drill program at the property, the company has posted its first assay of 109.4 grams per tonne gold and 32.4 grams per tonne silver over 2.53 metres
  • The first assay came from the site’s O-zone target, and 38 further assays from the 7,040-metre drill program are still pending
  • The property’s gold mine operated from 1981 to 1985 and averaged 16.2 grams per tonne of gold, producing just under 100,000 ounces of gold in its lifetime
  • Scottie Resources (SCOT) is up four per cent and is trading at C$0.39 per share

Scottie Resources (SCOT) has intersected a triple-digit gold assay at its Scottie mine property in British Columbia.

After analysing the results from its 2020 drill program at the property, the company has posted its first assay of 109.4 grams per tonne gold and 32.4 grams per tonne silver over 2.53 metres.

The first assay came from the site’s O-zone target, and 38 further assays from the 7,040-metre drill program are still pending.

The O-zone is the northernmost of six parallel mineral structures identified during the site’s previous operations and the noted assay came from 30 metres down plunge step out from the nearest historical intercept at the zone.

The property’s gold mine operated from 1981 to 1985 and averaged 16.2 grams per tonne of gold, producing just under 100,000 ounces of gold in its lifetime. The company is hoping to uncover further mineralisation from the site’s 13 individual gold bearing veins.

Despite previously operating as a gold mine, the area which retrieved the triple-digit assay has not been substantially mined to-date and has not been further explored since.

CEO of Scottie Resources, Bradley Rourke, commented on the first assay from the 2020 program.

“The 2020 drill results continue to intersect gold and silver mineralization. Drilling at Blueberry and the O-Zone continues to expand mineralization down dip and along strike beyond previous extents,” he said.

The company stated it will continue to release results from this year’s drill program as and when they become available.

Scottie Resources (SCOT) Scottie Resources (SCOT) is up four per cent and is trading at C$0.39 per share at 1:51pm EDT.

More From The Market Online

Myriad Uranium secures mining lease at Copper Mountain

Myriad Uranium (CSE:M) has entered into a 20-year mining lease with Diamond X Ranch for the Copper Mountain Uranium Project.

Eric Sprott tops up investment in gold stock Rio2

Eric Sprott adds C$2,000,115 to his position in Rio2 (TSXV:RIO), a junior mining stock developing its Fenix gold project in Chile.
AbraSilver - Mining operations at AbraSilver's Diablillos project in Argentina.

Kinross Gold invests C$10M into AbraSilver

AbraSilver Resource (TSXV:ABRA) signs C$20 million in agreements for a non-brokered private placement with Kinross Gold and Central Puerto.

Mink Ventures acquires claims next to Warren North

Mink Ventures (TSXV:MINK) acquires 100 per cent interest in six mining claims adjacent to its Warren North claims in Ontario.