Scottie Resources Corp. (TSX-V:SCOT) is continuing to see strong gold intercepts at its Scottie Gold Mine target, where several holes intersected high-grade mineralization around the past-producing mine.
Assay results returned 9 grams per ton (g/t) gold over 7.39 metres and 14.5 g/t gold over 3.65 metres, according to the Vancouver-based company.
The high-grade mine operated in the early 1980s with a cut-off grade of 10 g/t gold, leaving substantial upside for additional expansion, Scottie told shareholders.
READ: Scottie Resources hits more high-grade gold at the Blueberry zone in British Columbia
"Strong intercepts continue to underpin our belief that the near mine exploration of the Scottie Gold Mine has the potential to develop a substantial high-grade resource adjacent to existing mine underground workings," CEO Brad Rourke said in a statement.
"Drilling around this underexplored deposit and the ability to leverage the existing historic data, offers us tremendous value on our path towards defining a road accessible one-million-plus ounce resource."
The Scottie Gold Mine is located on the Granduc Road, 20 kilometres north of the Ascot Resources Premier Mill, and 35 kilometres north of the town of Stewart in British Columbia.
The mine operated between 1981 and 1985, when it produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold.
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