Scottie Assets Corp. is happy to report assay outcomes for the primary ever drill program on the Domino Zone, together with a high-grade intercept of 12.4 gt gold and eight.7 gt silver over 2.69 metres wherein the outlet resulted in mineralization at a depth of 121.5 metres. Drilling additionally revealed close to floor mineralization grading 19.9 gt gold and 71.6 gt silver over 0.94 metres hosted in a wider zone of reasonable …
Scottie Assets Corp. (“ Scottie ” or the “ Firm ”) (TSXV: SCOT) is happy to report assay outcomes for the primary ever drill program on the Domino Zone, together with a high-grade intercept of 12.4 gt gold and eight.7 gt silver over 2.69 metres wherein the outlet resulted in mineralization at a depth of 121.5 metres. Drilling additionally revealed close to floor mineralization grading 19.9 gt gold and 71.6 gt silver over 0.94 metres hosted in a wider zone of reasonable mineralization grading 2.48 gt gold and eight.63 gt silver over 15.46 metres . The Domino Zone was found in 2019, when high-grade surficial samples (as much as 536 gt gold) have been collected in an space of latest glacial retreat. The zone is situated on strike, 2 kilometres west of the recognized high-grade deposit of the past-producing Scottie Gold Mine.
CEO, Bradley Rourke commented: “These drill outcomes verify our speculation of a high-grade gold mineralizing system occurring alongside strike from the past-producing Scottie Gold Mine. The 900 metre strike size of the Domino zone, mixed with the two kilometer separation from the mine gives distinctive potential to host a big high-grade deposit. Drilling in 2021 will proceed to focus on massive high-grade dilatational zones, just like the Scottie Gold Mine all through the size of this construction.”
- Preliminary drilling program on Domino produced quite a few high-grade intervals, together with:
• 12.4 g/t gold and 8.7 g/t silver over 2.69 metres
• 19.9 g/t gold and 71.6 g/t silver over 0.94 metres
• 13.4 g/t gold and eight.11 g/t silver over 1.07 metres
- Three new high-grade showings have been found proximal to the Domino Zone
• Every zone marked by a seize pattern with > 50 g/t gold
- Surficial sampling outcomes and geophysics point out that the mineralizing system current at Domino is not less than 900 metres x 450 metres
- New induced polarization (IP) grid defines potential drill targets coincident with new high-grade seize sampling
- A ~634 line-km AirTEM Electromagnetic (EM) survey was flown over your entire Scottie Gold Mine Mission, together with the Domino Zone, knowledge processing and interpretation is underway
|Drill Gap||From (m)||To (m)||Width* (m)||Gold (g/t)||Silver (g/t)|
|and together with||24.54||24.94||0.40||35.5||154|
|together with||118.81||121.5 (EOH)||2.69||12.4||8.69|
|SR20-33, 35, 39, 41, 43, 63 – no signficant intercepts|
Desk 1: 2020 Domino Zone drill *True width is estimated to be 80-90% of interval width.
Positioned ~2 km due west of the Scottie Gold Mine, the Domino Zone displays comparable mineralization model, grade, and orientation to the past-producing mine. Glacial retreat has solely not too long ago uncovered this space, resulting in the 2019 discovery of a number of massive (10+ m lengthy) huge sulphide lenses. In the course of the 2019 program, first cross surficial sampling returned 9 samples over 5 g/t gold, together with a 5.3 m lengthy chip pattern averaging 10.5 g/t gold, with the highest-grade seize pattern grading 536 g/t gold and 129 g/t silver.
The 2020 area season marked the primary ever drill program on the Domino Zone with a complete of 18 holes (Determine 2). Preliminary mapping and sampling of the Domino Zone point out that mineralization is linked to 2 intersecting units of discreet shear buildings. Drilling was performed with an oriented core setup in an effort to present most worth from the info collected. The data garnered from the 2020 drill program can be mixed with newly acquired geophysics and detailed structural mapping to drill goal structurally managed high-grade ore shoots on this mineralized hall throughout 2021. This launch contains all drill outcomes from the Domino Zone.
Determine 1: Plan view map of the Domino-Scottie Mineralizing hall is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3773c7d-19ea-49f8-bbc4-de65bdc147d4 .
High quality Assurance and Management
Outcomes from samples have been analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was undertaken by Firm personnel beneath the course of Dr. Thomas Mumford. A safe chain of custody is maintained in transporting and storing of all samples. Gold was assayed utilizing a fireplace assay with atomic absorption spectrometry and gravimetric end when required (+9 g/t Au). Evaluation by 4 acid digestion with 48 component ICP-MS evaluation was carried out on all samples with silver and base steel over-limits being re-analyzed by emission spectrometry.
Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a certified particular person beneath Nationwide Instrument 43-101, has reviewed the technical data contained on this information launch on behalf of the Firm.
Determine 2: Plan view map of the 2020 Domino zone drilling program is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/6d215ff1-037b-4883-b00a-b891f8dec1d7 . Observe that doubled up drill traces point out the presence of an underlying steeper down-dip gap.
Determine 3: Drill gap SR20-29 – Textural instance of high-grade gold mineralization current inside the Domino zone – pattern above graded 19.9 g/t gold and 71.6 g/t silver over 0.94 metres is on the market at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa6058ae-d8ec-43da-8222-eab6a0326e95 . The host felsic volcanic rocks are minimize by an oxidized, vuggy, sheared quartz vein with intense limonite alteration. All major textures have been destroyed by pressure and alteration. Skinny bands of chlorite and sericite pattern alongside shear cloth. Shear comprises ~15% pyrite and ~5% pyrrhotite.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% curiosity within the high-grade, past-producing Scottie Gold Mine and Bow properties and has the choice to buy a 100% curiosity in Summit Lake claims that are contiguous with the Scottie Gold Mine property. Scottie additionally owns 100% curiosity within the Cambria Mission properties and the Sulu property. Scottie Assets holds greater than 25,000 ha of mineral claims within the Golden Triangle.
All the Firm’s properties are situated within the space often called the Golden Triangle of British Columbia which is among the many world’s most prolific mineralized districts.
Additional data on Scottie may be discovered on the Firm’s web site at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902.
Ahead Wanting Statements
This information launch might comprise ahead‐wanting statements. Ahead wanting statements are statements that aren’t historic info and are typically, however not at all times, recognized by the phrases “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “initiatives”, “potential” and comparable expressions, or that occasions or situations “will”, “would”, “might”, “might” or “ought to” happen. Though the Firm believes the expectations expressed in such ahead‐wanting statements are primarily based on affordable assumptions, such statements should not ensures of future efficiency and precise outcomes might differ materially from these in ahead wanting statements. Ahead‐wanting statements are primarily based on the beliefs, estimates and opinions of the Firm’s administration on the date such statements have been made. The Firm expressly disclaims any intention or obligation to replace or revise any ahead‐wanting statements whether or not because of new data, future occasions or in any other case.
Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of TSX Enterprise Change) accepts accountability for the adequacy of accuracy of this launch.