Scottie Resources drills 4.28 m of 73.32 g/t Au at Bow
Scottie Resources drills 4.28 m of 73.32 g/t Au at Bow
2020-01-03 09:07 ET - News Release
Mr. Bradley Rourke reports
SCOTTIE RESOURCES INTERSECTS 73.32 G/T GOLD AND 71.01 G/T SILVER OVER 4.38 METRES ON BEND VEIN, BOW PROPERTY
Scottie Resources Corp.'s recent drilling continues to confirm and expand the Bend vein target on the Bow property. During September, the company completed 877.7 metres of diamond drilling on the Bend vein within the Bow property, which is located just two kilometres northeast of the 100-per-cent-owned, past-producing Scottie gold mine, located in British Columbia's Golden Triangle region.
Results from drill hole SR19-11 include 73.32 grams per tonne gold and 71.01 grams per tonne silver over 4.38 metres of core length, including 152.5 grams per tonne gold and 143.56 grams per tonne silver over 1.89 m. These results exemplify the high-grade gold and silver potential of the Bow property.
The 2019 drilling program was designed to confirm historical results and expand the known extent of the high-grade gold and silver mineralization at the Bend vein. The company integrated the historical data and recent 2018/2019 exploration work into new structural models to better understand the geometry of mineralization.
"The assays from the Bend vein confirm the superb results of previous studies and demonstrate a truly underexplored, high-grade gold and silver target," commented Bradley Rourke, the company's chief executive officer and president. "Past drilling on the Bend vein only probed to a maximum vertical depth of approximately 55 m. Our drilling this season proves that the mineralized structure extends deeper than previously tested and substantially increased the strike length of known mineralization. Drilling during the 2020 season will allow us to further prove the scale of this structurally controlled high-grade vein deposit."
Bend vein
Prior to the company's 2019 drill program, the Bend vein had only seen limited reported drilling, totalling 1,525.23 metres over three short drill programs (see an attached table). Drilling during these programs was focused on demonstrating the extent of a near-surface, high-grade block of gold and silver ore to feed into the Scottie gold mine mill -- no exploration-style drilling was done to test along the Bend fault structure to assess a bigger system. Drilling during the 2019 program has substantiated the grades contained in the high-grade ore block and tested the structure at depth and along strike. Results from SR19-08 demonstrate that gold mineralization continues east along the Bend fault structure, extending the area of known mineralization for an additional 375 m (see an attached table). Future drilling of the Bend vein will focus on significant stepouts to test geophysical and geochemical anomalies along the Bend fault, as well as testing plunge controls on the high-grade ore block.
The Bend vein is a quartz-carbonate-chlorite-sulphide-bearing vein system located in/along the east-northeast-trending Bend fault, which has been traced for more than 700 m (strike length). Sulphide mineralization within the vein consists of up to 60 per cent combined pyrrhotite and pyrite, along with minor chalcopyrite and arsenopyrite. Late-stage faulting has brecciated the footwall of the Bend vein, and minor related shears have cut the vein into steeply plunging segments.
Quality assurance/quality control
Results from samples were analyzed at ALS Global Laboratories (geochemistry division) in Vancouver, Canada (an ISO 9001:2008-accredited facility). The sampling program was undertaken by company personnel 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 (greater than 10 grams per tonne gold).
Dr. Thomas Mumford, PhD, PGeo, vice-president of exploration of Scottie, 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 Resources owns a 100-per-cent interest in the high-grade, past-producing Scottie gold mine property and has the option to purchase a 100-per-cent interest in the Bow property and the Summit Lake claims, which are contiguous with the Scottie gold mine property.
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.
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