- Scottie Resources (SCOT) has added a second drill rig to support ongoing exploration work at its Scottie Gold Project in British Columbia
- The drill rig is expected to expand the current drill program by 40 per cent, or an additional 2,000 metres
- Drilling is focused on following-up a separate drill program completed last year, which returned significant results
- Since the program began on July 9, 10 diamond drill holes have been completed over a total of 2,220 metres
- Scottie Resources (SCOT) is currently steady at C$0.40 per share
Scottie Resources (SCOT) has added a second drill rig to support the ongoing exploration work at its Scottie Gold Project in British Columbia.
Located 32 kilometres north of the town of Stewart and 27 kilometres south of the Brucejack Mine, the project hosts the past producing Scottie Gold Mines, which generated 95,426 ounces of gold at an average grade of 16.2 grams per tonne between 1981 and 1985.
Scottie Resource’s current exploration program has been designed to follow-up on a previous drilling campaign completed in 2019.
Exploration returned significant results, including 7.44 grams per tonne of gold over 34.78 metres on the Blueberry vein, 11.72 grams per tonne of gold over 10.95 metres on the past-producing Scottie Gold Mine M-zone, and 73.32 grams per tonne of gold over 4.38 metres on the Bend vein.
The addition of a second drill rig is expected to expand the program by approximately 40 per cent, or an additional 2,000 metres. Since the program began on July 9, 10 diamond drill holes have been completed over a total of 2,220 metres. The company is now targeting an expanded program of roughly 7,000 metres.
In addition to the follow-up drill work, Scottie Resources plans to test other prospective targets. This includes the recently discovered Domino Zone, which features a strike length of 700 metres at a width of 200 metres, and previously returned grab samples of up to 536 grams per tonne of gold.
Bradley Rourke, President and CEO of Scottie Resources, said the company is in good standing to take on the expanded program.
“With our strong financial position, favourable market conditions and abundance of drill targets, we have decided to increase the metres drilled this summer.
“The addition of a second drill rig allows us to test new prospective zones and improve the cost efficiency of drilling additional metres given that all the infrastructure and personnel are already in place,” he added.
Scottie Resources (SCOT) is currently steady at C$0.40 per share at 10:13am EDT.