Drilling Confirms Presence of High-Grade Mineralized System at BC Project

By Streetwise Reports / January 23, 2021 / www.theaureport.com / Article Link

Scottie Resources reported the system is shown to occur along strike from its past-producing Scottie Mine.

In a news release, Scottie Resources Corp. (SCOT:TSX.V) announced that the first ever drilling in the Domino zone at its Scottie project in British Columbia encountered high-grade gold and silver mineralization.

Highlights intercepts from the recent 18-hole drill campaign at Domino include 2.69m of 12.4 grams per ton (12.4 g/t) gold and 8.7 g/t silver in a hole that ended in mineralization at 121.5m down.

Other noteworthy intervals were near surface and include 0.94m of 19.9 g/t gold and 71.6 g/t silver, hosted in a wider zone of moderate mineralization, 15.46m of 2.48 g/t gold and 8.63 g/t silver.

"These drill results confirm our hypothesis of a high-grade gold mineralizing system occurring along strike from the past-producing Scottie gold mine," CEO Bradley Rourke said in the release. "The 900 meter (900m) strike length of the Domino zone, combined with the 2 kilometer separation from the mine provides exceptional potential to host a large high-grade deposit."

The company noted that it will continue drilling at the project in 2021 and intends to use the data from the drill program, geophysics and structural mapping to identify and drill high-grade zones throughout the length of the mineralized corridor.

Read what other experts are saying about:

Scottie Resources Corp.[NLINSERT]

Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Scottie Resources. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Scottie Resources, a company mentioned in this article.

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok