- Scottie Resources (SCOT) has added a second drill rig on its 100 per cent owned Scottie Gold Project
- The second rig has commenced drilling on the Domino zone, located 2 km due west of the high-grade past-producing Scottie Gold mine
- Scottie owns a 100 per cent interest in the high-grade, past-producing Scottie Gold Mine
- The company’s focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets
- All of the company’s properties are located in the area known as the Golden Triangle of British Columbia
- Scottie Resources Corp. (SCOT) is up 2.50 per cent, trading at C$0.205 per share at 12:20 pm ET
Scottie Resources (SCOT) has added a second drill rig on its 100 per cent owned Scottie Gold Project.
The second rig has commenced drilling on the Domino zone, located 2 km due west of the high-grade past-producing Scottie Gold mine. The company has already completed 1800 metres (m) of drilling at the Blueberry zone and continues to expand and test the Blueberry target.
CEO and President, Bradley Rourke commented,
“The addition of a second rig will accelerate the efforts and allow us additional flexibility within our aggressive 2021 field program. We are excited to continue the testing of the Domino zone and expand on last year’s encouraging drill results.”
The Scottie Gold Mine, which operated between 1981 to 1985, produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold. Mineralization consists of east-west to northwest-trending, steeply dipping, shear veins, that are comprised of pyrrhotite > pyrite ± quartz ± calcite. The veins are hosted in a package of andesitic volcanic rocks from the Hazelton Unuk River Formation that is 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).
Historical drilling of the Scottie Gold Mine was largely focused on mine production, with little work done on proving up substantial resources. The majority of historical drilling was done from underground and therefore consisted of short holes with single targets – with very restricted drill pad locations.
Recent exploration by Scottie has used the benefits of drilling from surface to target areas that were inaccessible with underground drill locations, and where possible to test multiple targets with individual holes.
Scottie owns a 100 per cent interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100 per cent interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property.
Scottie also owns 100 per cent 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 property. Altogether Scottie Resources holds more than 52,000 ha 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.
Scottie Resources Corp. (SCOT) is up 2.50 per cent, trading at C$0.205 per share at 12:20 pm ET.
