Scottie Resources Corp. (TSX-V:SCOT) has reported new assays on its Blueberry Contact Zone, including intercepts of 11.3 grams per ton (g/t) gold over 8.60 meters (m) and 9.12 g/t gold over 16.15m.
The high-grade mineralized structure has now been drill tested over 1,200 metres in strike and 360 metres in depth. With more than 80% of the results from the 2022 program still to be received and released, the potential for additional expansion of the mineralized system is significant, the company said.
"Mapping and bedrock sampling in 2021 indicated that the andesite-siltstone contact that defines the Blueberry Contact Zone continues south underneath the Summit Lakebed, and outcrops hundreds of metres south along the contact from previous drilling,” Brad Rourke, Scottie president and CEO, said in a statement.
READ: Scottie Resources closes previously announced fully-subscribed non-brokered private placement for gross proceeds of $3.2M
“The intersection of high-grade mineralization in hole SR22-169 at the lithological contact illustrates that the gold-bearing Blueberry Contact Zone does not diminish to the south, increasing the known strike length of the system to 1,200 metres.”
The Blueberry Contact Zone is located 2 kilometres north-northeast of the past-producing high-grade Scottie Gold Mine, is 100%-owned and royalty-free.
Drill holes SR22-149, 152, 153, and 163 all targeted step-outs at least 60 metres from the nearest 2021 drill intercept, many of them exceeding 100 metres. All holes intersected gold mineralization around the andesite-siltstone contact, the company said.
As currently modelled, the contact is near vertical with an undulating surface, with the exception of the north end of the zone which dips moderately to the west. Many of the holes also intersected additional cross-cutting structures on their way to the primary target, it added.
"Additional assays are pending on drill holes that could further extend mineralization 350 metres to the south, and initial visuals from the holes are encouraging. Our 2022 program has already demonstrated tremendous success with large step-outs on the structure intersecting wide zones of high-grade mineralization. Both the large step-outs and the consistency of drilled intercepts, support the potential of a multi-million ounce deposit at the Blueberry Contact Zone," Rourke said.
Scottie 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.
Scottie 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 holds more than 52,000 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.
Contact the author at jon.hopkins@proactiveinvestors.com