Scottie Resources – New Wolf Zone Discovered In Multipurpose High-Grade Drill Hole Results Released From The Scottie Gold Mine Area
Brad Rourke, President and CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins us to review the assay results from a new multipurpose exploration drill hole that encountered a new zone and more high-grade gold mineralization across multiple zones at the Scottie Gold Mine area. These exploration results are from this year’s 10,000 meter drill program located in the Golden Triangle of British Columbia. We also discuss the larger Company strategy of consolidating much of the prior drilling date along with this year’s drilling to build towards a Maiden Resource Estimate and the derisking work leading to an eventual Preliminary Economic Assessment (PEA).
These new assays released today related to a single drill hole SR24-353; drilled from the south of the mine, testing new concepts and targeting areas inaccessible to previously drilled orientations. The hole resulted in the discovery of the new Wolf Zone, boasting an intercept of 6.85 g/t gold over 5.85 metres, and a strong N Zone intercept of 37.6 g/t gold over 4.1 metres. The particular hole was very long and meant to test the potential for parallel vein zones south of the historic mine, to test lower parts of the L and N Zone's, as well as testing for the continuation of the M Zone beneath the Morris Lake Fault. The orientation of the drill hole was unique, and as such it had the opportunity to test hundreds of meters of rock that hadn't been drilled before. The intersection of the new Wolf Zone opens up a new high-grade drill target in close proximity to the Scottie Gold Mine. This hole #353 also highlights the very high-grade N Zone intercept, and is complementary to many other holes and new intercepts from this year that will help bolster the upcoming resource estimate at the Scottie Gold Mine.
We discuss how all of the recent and historic drilling is now pulling together at both the Scottie Mine area and Blueberry area as the company builds toward the Maiden Resource Estimate next year. Brad points out that while they anticipate around a million ounces of gold in their first resource estimate, that there are areas like the P Zone O Zone and other veins around the Scottie Gold Mine, along with the C and D Veins, the Golden Buckle Zone, and the Domino area that are not going to be included in the resource and still need more drilling. This means there is definite upside to the mineralized inventory beyond what will show up in the first pass resource report will be the focus of future drill programs. The strategy is simply to get out a study on the lowest hanging fruit for the resources thus far, and then wrap some earlier stage economics around the project with a Preliminary Economic Assessment later next year.
If you have any questions for Brad regarding Scottie Resources, then please email them in to us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Scottie Resources at the time of this recording.
Click here to visit the Scottie Resources website and read over all the news.
