Scottie Resources (SCOT-V) on word of a bonanza-grade hit at its Scottie Gold Mine project, just north of Stewart in northwestern British Columbia. The 2.4-metre encounter at the Blueberry contact zone averaged 194 grams of gold and 16.8 grams of silver per tonne in one of three widely spaced intervals in the hole. Scottie also rolled out assays from two other holes, but they were unspectacular, with 5.84 grams of gold and seven grams of silver per tonne over two metres being the best of the rest.
Mr. Rourke, president and chief executive officer, was nevertheless enthused. He deemed the headline hit as "the highest-grade intercept that Scottie has ever drilled," adding that its location "significantly expands our bonanza-grade zone at the north end of the Blueberry contact structure." Mr. Rourke is hopeful for more good cheer to come, as he says Scottie is awaiting assays from drilling "down plunge from this sizeable gold hit." Indeed, he concludes, "the grades at depth continue to reinforce that we are exploring a robust system that has substantial upside."
The basis for Mr. Rourke's enthusiasm is not new, as previous trenching and channel sampling at the Blueberry vein produced hits as high as 203.75 grams of gold per tonne over 1.9 metres. In 2019, a Scottie drill program yielded a 34.78-metre hit that averaged 7.44 grams of gold per tonne in what appeared to be a new splay zone off the Blueberry vein. Work over the next two years suggested the splay is a major north-to-south mineralized structure, while drilling last year expanded its strike to nearly 1,500 metres and its depth to nearly 400 metres. Expect a busy 2023, in other words.
Business Reporter |
