Scottie Resources (SCOT) - 20,000m Drill Plan to Expand Mineralised Envelope

Scottie Resources Corp. is a junior gold exploration company focused on its assets in the Golden Triangle of British Columbia, Canada. The company has exploration rights to more than 59,000 hectares of land in the southern portion of the golden triangle, which includes the previously producing Scottie gold mine, which operated between 1981 and 1985 and produced more than 95,000 ounces of gold in this time at an average grade of 16.2 g/t.  The Scottie gold mine project possesses an active mining permit as well as an existing 200 ton per day mill.Scottie Resources has been making waves in the mineral resource industry with its recent exploration plans and successes. In a recent interview with Crux Investor, Thomas Mumford, the VP of Exploration for Scottie Resources, shed some light on the company's exploration plans and recent discoveries.

Experiences in the recent PDAC

Scottie Resources received positive feedback from mid-tier companies at PDAC. These companies were particularly interested in Scottie Resources' exploration targets at Blueberry. While Newcrest, a major player in mine exploration, has not shown any interest in Scottie Resources' area yet. This is a promising sign for Scottie Resources' future prospects.

Overview of the Blueberry Zone

The Blueberry project has seen significant progress, with the strike length being doubled and the depth increased by 75%. The strike length has now extended to 1550 meters, with grades and width holding over the entire length. An additional 600 meters of strike length potential has been identified to the South of the lake bed.

A new zone, the D Zone, has been identified with a north-south orientation and good grades. This discovery could potentially lead to an underground program, with a 2.1 km tunnel from the Scottie Gold Mine to the southern end of Blueberry Zone providing access to the D Zone.

New drilling has also revealed potential mineralization in the stock work area. The 2020 drilling showed anomalous gold over the entire length of the hole, while follow-up drilling in 2021 showed a longer intercept of higher gold potential.

The company plans to drill 20,000 meters and allocate 15% of the budget to three ancillary targets. The company has raised $6.5 million and will drill into the D Zone and stock work zone. The company will also drill a new target at the Scottie Gold Mine and focus on expanding Blueberry.

The drilling program will focus on filling in the long strike and envelope definition. The budget is $8.5 million, but the company needs a little more funding before starting in mid-June. Drilling costs increase after 500 meters, so the focus is on the first 400 meters.

Other potential targets

Scottie Resources is also exploring the Cortez Zone and other potential targets. The company will use a grid over the stock work area this summer to identify other targets. The area is becoming busier with new players like Gold Storm and Ascot's mill construction.

Drilling results are received in 3-4 weeks and news is released within 6 weeks. Results help plan the next drill hole and determine the quality of gold. Sulfide veins are a good indication of hitting something great.

Scottie Resources is making significant strides in the mineral resource industry. The company has ambitious exploration plans and has seen recent successes at the Blueberry project and in identifying the D Zone. Investors with an interest in mineral resource companies should keep an eye on Scottie Resources and its future developments.

To find out more, go to the Scottie Resources website