Connect with us

Hi, what are you looking for?

Monday, Feb 6, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Gold

Scottie Resources reports high-grade gold intercepts in Northern BC

One of the holes yielded 105 g/t gold over 1.05 metres

Scottie Resources reports high-grade gold intercepts in northern B.C.
Taking core samples at the Blueberry Contact Zone, Northern BC. Photo via Scottie Resources

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.

Read more: NevGold starts drilling at Nutmeg Mountain property

Read more: 2023 will be a ‘very strong’ year for gold mining: NevGold

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.

Read more: NevGold issues $1.5M in shares to GoldMining Inc. for Nutmeg Mountain project

Read more: NevGold’s oxide gold drill program in Nevada finds positive results

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 

 

Follow Mugglehead on Twitter

Like Mugglehead on Facebook

Follow Rowan Dunne on Twitter

rowan@mugglehead.com

 

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Canada

Concerns with Barrick Gold and the North Mara mine include allegations of human rights abuses and environmental damage

Gold

The company intersected 33.4 g/t Au over 26 m in the Puerto Del Aire underground deposit

Gold

Central banks bought 1,136 tonnes of gold worth around $70 billion last year

Gold

Marc Leduc's four-decade long career includes all areas of the mining cycle