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Scottie Resources (TSXV:SCOT) launches drill program in BC

Mining
TSXV:SCOT
09 July 2020 11:41 (EDT)
Scottie Resources Corp - President and CEO, Bradley Rourke

Source: 121 Mining Investments

Scottie Resources (SCOT) has begun a 5,000-metre drill program, focusing on a number of targets within the Golden Triangle region of British Columbia.

The Vancouver-based company owns a total land package in the prolific gold-producing region of approximately 24,589 hectares. This includes the Blueberry Vein, the past-producing Scottie Gold Mine and the Domino Zone, all of which will be the subject of the current program.

A drilling campaign conducted at the Blueberry Vein last year intersected a near-surface extension, returning a significant result of 7.44 grams per tonne of gold over 34.78 metres. As part of the upcoming campaign, initial drill holes will seek to further test this extension.

Work at the Scottie Gold Mine has, over the last few years, focused on compiling and digitising previously collected data, reloading drill cores and reconceptualising mineralisation. During a drill program undertaken in 2019, a singular hole was drilled along a step-out from the mine, returning 11.72 grams per tonne of gold over 10.95 metres.

The current follow-up program has been planned to include additional step-out drilling of these ore shoots.

Finally, the program will focus on testing the Domino Zone, which was discovered during last year’s program and is considered to be the company’s most prospective target. Located roughly two kilometres west of the Scottie Gold Mine, the Domino Zone features similar characteristics in mineralisation style, grade and orientation.

As a result of retreating glaciers, the several large massive sulphide lenses were exposed at the Domino Zone. Initial sampling of the area returned significant samples of more than 5 grams per tonne of gold. The highest-grade grab sample collected graded 536 grams per tonne of gold and 129 grams per tonne of silver.

Bradley Rourke, CEO of Scottie Resources, said the company’s exploration team has been working hard to prioritise the fully funded summer drill program.

“We have exceptional drill targets to test this year, which will follow up on the drill successes of last fall. We are particularly keen to expand the newly discovered high-grade Domino zone,” he added.

Scottie Resources (SCOT) is up 10.81 per cent and is trading at C$0.41 per share at 11:17am EDT.

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