Scottie Resources Corp SCOT

VANCOUVER, BC, Sept. 6, 2023 /PRNewswire/ - Scottie Resources Corp. ("Scottie" or the "Company") (TSXV: SCOT) is pleased to report the first assays from its 2023 drill program targeting the Blueberry Contact Zone, including intercepts of 56.4 g/t gold over 3.7 metres and 12.1 g/t gold over 3 metres. These results are the first returned from the 20,000 metre drill campaign currently in progress. The Blueberry Contact Zone is located 2 kilometres north-northeast of the 100% owned and royalty free, past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC, along the Granduc Road.

President and CEO, Brad Rourke commented: "We are very pleased to start the 2023 news cycle with another bonanza grade hole through the Blueberry Contact Zone. We look forward to releasing the remaining 20,000 metres of the drilling over the coming months."

Table 1: Selected results from new drill assays (uncut) from the Blueberry Contact Zone.

This drilling campaign continues to focus on expansionary drilling of the Blueberry Contact Zone, extending mineralization at depth and along strike. These results support the continued delineation of the Blueberry Deposit and the identification of high-grade structures within it. The company is currently finishing up drilling its 20,000 metre 2023 diamond drill program and will continue to release the assay results throughout the fall / early winter.

Recent modelling work has identified and categorized a number of significant sulphide-rich cross structures that cut obliquely across the north-south trending Blueberry Contact Zone (Figure 1). These structures appear parallel to the original Blueberry Vein, as well as other prominent outcropping, mineralized structures in the area (e.g. Bend Vein). The density of the number of identified veins has increased over the previous seasons due to improved drill density and extent, and already new vein zones have been proposed for the southern end of the Blueberry Contact Zone structure based on preliminary observations from this year's drilling (see Figure 1).

The drilling of the southern end of the Blueberry Contact Zone (Serac vein area) has identified structures that have notable increases in both silver and zinc relative to other Blueberry Contact Zone drilling. In 2022 the southernmost hole drilled on the structure returned 7.1 g/t gold, 113 g/t silver, and 0.85 % zinc over 6.09 m. Drill hole SR23-234 from this release intercepted a similar intercept with 1.22 g/t gold, 356 g/t silver, and 1.36 % zinc over 6.7 m. The relative increase in silver and zinc in the veins could be a zonation function, potentially related to proximity to the primary mineralizing source.

The Blueberry Zone is located just 2 kilometres northeast of the 100% owned, past-producing Scottie Gold Mine located in British Columbia, Canada's Golden Triangle region. Historic trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43 metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry Vein had only limited reported drilling prior to the Company's exploration work. The target was significantly advanced during Scottie's 2019 drill program when an interval grading 7.44 g/t gold over 34.78 metres was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2023, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a first order structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. As of the end of 2022, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the Hazelton and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of 1,550 metres and has been tested to 400 metres depth. The Blueberry Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Project, which is fully financed for construction. Newcrest's Brucejack Mine is located 25 kilometres to the north.

Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company.

Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Zone and the high-grade, past-producing Scottie Gold Mine. 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 Resources holds approximately 60,000 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 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.

This news release may contain forward–looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward–looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward–looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward–looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

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SOURCE Scottie Resources Corp.