Due to the parallel nature of the targeted veins, private holes were developed to check several discreet targets. Highlight intercepts from the reported holes consist of: 11.8 g/t gold over 6.57 metres, 20.6 g/t gold over 2.22 metres and 37.2 g/t gold over 3.71 metres in the P, O and M zones, respectively. Describe business news release for total drill outcomes.
The previously producing top-quality Scottie cash cow lies on the Granduc Road, 35 km north of Stewart and is among 4 main targets that were evaluated throughout the 14,500- metre program in 2021, which likewise consists of the quickly advancing Blueberry zone.
” These arise from Scottie cash cow show the capacity for the growth of the historical resource at Scottie through both the extension of recognized ore shoots, along with exposing the capacity of formerly untried targets especially the P zone, which, prior to Scottie’s participation, had actually seen no drilling, and now we are striking intercepts similar to the mined stopes of the past-producing mine,” commented president and CEO Brad Rourke. “The Scottie cash cow target continues to provide as a foundation to our main objective of establishing a road-accessible, one-million-plus-ounce top-quality gold resource at our Scottie cash cow job.”
The Scottie cash cow, which ran in between 1981 and 1985, produced 95,426 gold ounces from 183,147 tonnes at a typical retrieved grade of 16.2 g/t gold. The mine eventually closed down due to a drop in gold cost integrated with high rates of interest. While 13 unique gold-bearing vein zones have actually been recognized on the Scottie cash cow job, mine production was mostly from one vein (the M zone).
Recent expedition by Scottie has actually utilized the advantages of drilling from surface area to target locations that were unattainable with underground drill areas, and where possible to evaluate numerous targets with specific holes.
Altogether, Scottie Resources holds more than 52,000 hectares of mineral claims in the Stewart mining camp in the Golden Triangle. Scottie is likewise pleased to reveal the reappointment of Stephen Sulis as primary monetary officer.