Scottie Resources Corp has announced drill assays from its Scottie Gold Mine (SGM) target in British Columbia, which included 11.8 grams per tonne (g/t) gold over 6.6 metres (m) and 37.2 g/t gold over 3.7m.
The company said the past-producing Scottie Gold Mine is one of four primary targets that were tested during the 14,500m program in 2021, which also includes the rapidly-advancing Blueberry Zone.
“These results from Scottie Gold Mine illustrate the potential for the expansion of the historic resource at Scottie through both the extension of known ore shoots, as well as revealing the potential of previously untested targets – notably the P-zone which prior to Scottie’s involvement had seen no drilling, and now we are hitting intercepts comparable to the mined stopes of the past-producing mine,” Scottie Resources CEO Brad Rourke said in a statement.
READ: Scottie Resources intersects high-grade gold at its Blueberry Zone in British Columbia
“The Scottie Gold Mine target continues to deliver as a cornerstone to our primary goal of developing a road accessible, 1M+ ounce high-grade gold resource at our Scottie Gold Mine Project,” Rourke added.
As well, Scottie Resources announced the re-appointment of Stephen Sulis as the company’s chief financial officer. Sulis previously worked in the financial sector with TD Canada Trust.
The Scottie Gold Mine, which operated between 1981 and 1985, produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold.
Scottie Resources owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims, which are contiguous with the Scottie Gold Mine property. It also owns 100% 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 hectares 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 its properties are located in the area known as the Golden Triangle of British Columbia, which is among the world’s most prolific mineralized districts.
Contact Sean at sean@proactiveinvestors.com