- Scottie Resources Corp. (SCOT) has discovered high grades of gold at the Scottie Gold Mine
- The highest value pulled was a bonanza grade of gold of 37.5 grams of gold per tonne
- This year’s drilling was planned to test the strike of the Blueberry Contact Zone up to 1.4 kilometres, and the depth for more than 400 metres
- It targeted two holes which showed similar characteristics to the Road North high-grade gold discovery
- Scottie Resources Corp. (SCOT) is down 2.78 per cent and is trading at $0.17 per share as of 1:45 p.m. ET
Scottie Resources (SCOT) has discovered high grades of gold from the first three holes of its drill program on the Blueberry Contact Zone at the Scottie Gold Mine.
The highest value pulled was a bonanza grade of gold of 37.5 grams of gold per tonne over 2.50 metres. This year’s drilling was planned to test the strike of the zone up to 1.4 kilometres, and the depth for more than 400 metres.
“These first few holes reinforce the continuity of the structure and give us confidence to make larger step outs… We’ve already drilled over 10,000 metres in 53 holes this year and look forward to consistently delivering more positive drill results as they come in,” President and CEO, Bradley Rourke, said.
According to the company, two specific drill holes were designed to follow up on the 2021 Road North discovery along the Blueberry Contact Zone structure, which also saw similar gold grades to the ones reported today.
The high-grade intercepts occur at the same contact point that appears to be a primary control of the mineralization in the Blueberry Contact Zone. Mineralization at the Road North area occurred along an area where small grains of visible gold have been found.
The company stated its 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 its properties are in the Golden Triangle of British Columbia.
Scottie Resources Corp. (SCOT) is down 2.78 per cent and is trading at $0.17 per share as of 1:45 p.m. ET.