Scottie Resources Corp. (TSX-V: SCOT) (OTCQB: SCTSF) (FSE: SR8) has reported positive assay results from its latest 2022 drill program in Northern British Columbia.
On Wednesday, the Vancouver company announced that it had intersected 105 g/t Au over 1.05 metres and 34.5 g/t Au over 4.7 metres at its Blueberry Contact Zone north of the company’s Scottie Gold Mine and the town of Stewart.
The company says its new 2023 program in the area will have a minimum of 20,000 metres of diamond drilling.
Highlights from our 2022 drill program at the Blueberry Contact Zone. This drill program extended the strike length of the system to more than 1.4 km in length with high-grade intercepts along its entirety. #gold #mining #preciousmetals #resource #investment #tsxv $SCOT pic.twitter.com/HHgs7FbRVf
— Scottie Resources Corp. (@ScottieCorp) January 18, 2023
The Blueberry Contact zone is wholly-owned by Scottie and royalty-free as well.
“Our 2022 drill program continues to deliver high-grade intercepts. The team leveraged previously collected data in order to come up with aggressive, yet geologically prudent drill targets that would substantially increase the size of the deposit, as well as illustrate the continuity of high-grade zones within it,” said Brad Rourke, President and CEO of Scottie Resources.
“Our success rate along the structure points to a robust mineralizing system – which still offers tremendous upside through expansion. We’ve begun planning our 2023 program and are anticipating a minimum of 20,000 metres of diamond drilling for the area.”
Scottie says historic trenching and channel sampling of the Blueberry Vein has yielded results such as the following:
- 103.94 g/t Au over 1.43 metres
- 203.75 g/t Au over 1.90 metres
Scottie’s stock dropped by 5.45 per cent today to $0.26 on the TSX Venture Exchange.
NevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (FSE: 5E50) is another Vancouver-based gold producer with promising ongoing drill programs.
The company started its inaugural drill program at Nutmeg Mountain in Idaho on Monday, a site hosting approximately 910,000 indicated ounces of gold and 160,000 inferred.
Between its Idaho and Nevada operations, NevGold expects to be able to deliver a 3 million ounce near surface oxide gold resource halfway through 2023.
NevGold stock rose by 1.3 per cent today to $0.39 on the TSX Venture Exchange.
NevGold is a sponsor of Mugglehead news coverage