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Scottie Resources Corp. (SCOT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2350+0.0150 (+6.82%)
At close: 3:38PM EDT
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Previous Close0.2200
Open0.2300
Bid0.2350 x 0
Ask0.2350 x 0
Day's Range0.2250 - 0.2400
52 Week Range0.1800 - 0.5300
Volume377,500
Avg. Volume250,231
Market Cap28.302M
Beta (5Y Monthly)4.38
PE Ratio (TTM)N/A
EPS (TTM)-0.0150
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Scottie and AUX Announce Merger to Consolidate the Stewart Mining Camp in the Golden Triangle
    CNW Group

    Scottie and AUX Announce Merger to Consolidate the Stewart Mining Camp in the Golden Triangle

    Scottie Resources Corp. (TSXV: SCOT) ("Scottie") and AUX Resources Corporation (TSXV: AUX) (OTC: AUXRF) ("AUX") are pleased to announce that they have entered into a letter of intent dated April 9, 2021 (the "LOI") pursuant to which Scottie will acquire all of the issued and outstanding shares of AUX (the "Transaction") on the basis of one common share of Scottie for each share of AUX. The Transaction will consolidate the contiguous gold-silver exploration assets of Scottie's Cambria Project and AUX's Silver Crown, Independence, American Creek, Lower Bear and Bear Pass Projects, all of which will benefit from operational and geological synergies. Upon completion of the Transaction, it is expected that the shareholders of AUX will hold approximately 31% of Scottie's issued and outstanding shares.

  • Scottie Discovers New Mineralization Trend at Blueberry Zone, Reports Intercepts of 10.2 g/t Gold Over 3.21 m and 1.31 g/t Over 22.13 m
    GlobeNewswire

    Scottie Discovers New Mineralization Trend at Blueberry Zone, Reports Intercepts of 10.2 g/t Gold Over 3.21 m and 1.31 g/t Over 22.13 m

    Figure 1 Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the results of the 11 holes drilled during the 2020 field season, key intercepts, and the projection of the newly discovered N-S mineralizing trend. Figure 2 Plan view map illustrating the location of the recent 2019/2020 drilling relative to the N-S trend of high-grade surficial samples. Figure 3 Key target zones on the Scottie Gold Mine Project and locations of 2020 drillhole collars. VANCOUVER, British Columbia, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report new assay results for the Blueberry Zone, including intercepts of 10.2 g/t gold over 3.21 metres and 1.31 g/t over 22.13 metres. These intercepts further support the existence of the N-S mineralizing system that was first discovered by Scottie in late 2019. The newly defined trend remains open along strike and at depth, with extensive surface work establishing a zone that exceeds 800 metres in strike length. CEO, Bradley Rourke commented: “The Blueberry Zone continues to yield strong intercepts along the newly defined N-S trend. Now that we have got a handle on the geometry of the system, drilling in 2021 will focus on increasing the vertical and lateral extent of this zone. The road accessible, near surface mineralization present at the Blueberry Zone complements the high-grade mineralization we continue to discover around the Scottie Gold Mine, located just 2 km to the southwest.” Drill Hole From (m)To (m)Width (m)Gold (g/t)Silver (g/t)SR20-50 39.9440.40.462.382.96SR20-55 78.9779.750.78**47.919.1SR20-56 no significant interceptsSR20-62 76.0098.1322.131.310.80including 91.1698.136.972.501.26including 96.3098.131.836.452.45SR20-64 145.96201.0255.061.070.90including 165.3167.52.25.341.77and 195.99199.23.2110.21.50Previously released 2020 Blueberry drill holesSR20-40* 15.9416.961.022.561.32and 24.0025.831.831.70.79SR20-45* 17.0023.106.1022.33.70including 17.0018.931.9367.910.2SR20-48* 18.0720.402.3335.84.70including 18.0719.081.0182.110.50and 56.6770.3513.688.962.86and including 67.2070.353.1538.68.65and including 68.6270.351.7369.815.2 Table 1: Selected results from 2020 drill assays results from the Blueberry Zone. True thicknesses of mineralized intercepts are undetermined. *previously released results (Oct 6, 2020, Dec 8, 2020), **mineralization is bounded by unsampled intervals. Blueberry Zone The Bow Property’s Blueberry Zone is located just 2 km northeast of the 100% owned, past-producing Scottie Gold Mine located in British Columbia, Canada’s Golden Triangle region. Historic trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43 metres, and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the Blueberry Vein has only limited reported drilling. The target was significantly advanced during Scottie’s 2019 drill program when an interval grading 7.44 g/t gold over 34.78 metres was intersected in a new splay off zone of the main Blueberry Vein. The drill results received so far in 2020, coupled with surficial mapping and sampling suggest that this splay is in fact a major N-S mineralizing structure, of which the Blueberry Vein was only a secondary structure. This near surface zone is much wider than pursued in previous exploration models and establishing the orientation and continuity of it was a priority during the 2020 drill program. A total 1609 metres in 11 holes were drilled into the Blueberry Zone during 2020. The Blueberry Zone is located on the Granduc Road, 20 km north of the Ascot Resources’ Premier Mill, which has recently completed financing for reactivation (Dec 10, 2020). Figure 1: Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the results of the 11 holes drilled during the 2020 field season, key intercepts, and the projection of the newly discovered N-S mineralizing trend:https://www.globenewswire.com/NewsRoom/AttachmentNg/eeb3fc7f-3bf4-4980-87c9-2532fd8c7e10 2021 Blueberry Exploration Program The 2021 work program planned for the Blueberry Zone includes substantial drill step outs (>200 m) along strike to test the continuity of the recently defined N-S structure (Fig 1, 2). Additional drilling will test the vertical extent of the successful intercepts from 2019/2020. An induced polarization survey (IP), as well as a trenching program will be used to further delineate targets within the mineralized corridor. Figure 2: Plan view map illustrating the location of the recent 2019/2020 drilling relative to the N-S trend of high-grade surficial samples:https://www.globenewswire.com/NewsRoom/AttachmentNg/e4a4ab87-7a59-4a3b-8324-c1677f42d547 Figure 3: Key target zones on the Scottie Gold Mine Project and locations of 2020 drillhole collars:https://www.globenewswire.com/NewsRoom/AttachmentNg/1e4469f9-cfcc-4e54-b395-bd30dd3dea3e This release constitutes the final release of drillholes from the 2020 drill program. Any outstanding drill holes between SR20-21 and -66 (2020 drilling) that were not explicitly described in the news releases between October 6, 2020 and this release, yielded no significant results. Quality Assurance and Control Results from samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was undertaken by Company personnel under the direction of Dr. Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry. Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company. ABOUT SCOTTIE RESOURCES CORP. Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Cambria Project properties and the Sulu property. Scottie Resources holds more than 25,000 ha of mineral claims in the Golden Triangle. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. Further information on Scottie can be found on the Company’s website at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902. Forward Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

  • Scottie Resources Reports 12.6 g/t Gold and 4.43 g/t Silver Over 5.22 Metres at Scottie Gold Mine M-zone
    GlobeNewswire

    Scottie Resources Reports 12.6 g/t Gold and 4.43 g/t Silver Over 5.22 Metres at Scottie Gold Mine M-zone

    Figure 1 Plan view map illustrating the projected drill traces from the 2019/2020 drill programs on the Scottie Gold Mine, superimposed over significant M-Zone and O-Zone historic drill results (red shaded disc). Light blue lines represent projected historic underground workings. Figure 2 High-grade gold occurrences (grab samples) on the Scottie Gold Mine Project, all satellite images are within Scottie’s mineral tenure. Figure 3 Left image: Grade thickness (gold in gram metres) contoured long section of the M-Zone, underlying blue lines depict underground workings from past production; Right image: Plan view map illustrating mapped sulphidized veins relative to the M- and O-Zone structures and the projected underground workings. VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report drilling results on the infill and expansionary drilling around the Scottie Gold Mine M-zone including intercepts of 12.6 g/t gold and 4.43 g/t silver over 5.22 metres and 10.7 g/t gold and 5.38 g/t silver over 5.70 metres. The 2020 drill results continue to establish both lateral and vertical expansion and continuity of high-grade gold mineralization in the past-producing mine. The 100% owned Scottie Gold Mine is the flagship project of the Company, is road accessible with excellent existing infrastructure, and is located 40 km north of Stewart, BC, and 20 km north of Ascot’s Premier Mill along the Granduc haul road. CEO, Bradley Rourke commented: “The 2020 drill program at the Scottie Gold Mine Project continues to deliver strong results that indicate that the gold mineralization at Scottie is more extensive than previously tested. Past mining practices used a historical cut-off grade of 10 g/t gold, and with the current market conditions the opportunity to expand the mineralizing system is excellent as our recent results indicate. During 2021 the Company will continue expanding the drill program and advancing towards delivering a potential resource.” Drill Hole From (m)To (m)Width* (m)Gold (g/t)Silver (g/t)SR20-51 34.7372.637.872.404.57including50.3565.7010.75.38and including51.3542.7016.56.14SR20-52 45.0760.5515.484.692.42including46.9752.195.2212.64.43and including46.9748.71.7321.83.95SR20-54 112.86115.923.061.8117.0 Table 1: 2020 Scottie Gold Mine Drill Results. *True width is estimated to be 80-90% of interval width. 2020 Drilling Program The Company completed 7,040 m of drilling in 46 holes during 2020 and took 921 surface samples on its Scottie Gold Mine area projects. The Company has previously released high-grade drill results for the O-Zone, the Domino Zone and the Blueberry Zone (see news releases Oct 6, 2020 Dec 8, 2020, Jan 21, 2021). The high-grade M-Zone drill intercepts presented in this release complement drill results released in 2019 and 2020 on near mine targets, including the Domino and Blueberry Zones, and demonstrate the Company’s success in advancing multiple high-grade areas within the Company’s claims in and around the Scottie Gold Mine. Figure 1: Plan view map illustrating the projected drill traces is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/866d140a-9ccf-456b-ae9c-e0871b7b75ce Scottie Gold Mine The Scottie Gold Mine, which operated between 1981 and 1985, produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold. The mine ultimately shut down due to a drop in gold price combined with high-interest rates. Mineralization consists of east-west to northwest trending, steeply dipping, shear veins, that are comprised of pyrrhotite > pyrite ± quartz ± calcite. The veins are hosted in a package of andesitic volcanic rocks from the Hazelton Unuk River Formation that are situated adjacent to the contact with the Summit Lake stock, part of the Texas Creek Plutonic Suite. While 13 distinct gold-bearing vein zones have been identified on the Scottie Gold Mine Project, mine production was primarily from one vein (the M-zone). Historical drilling of the Scottie Gold Mine was largely focused on mine production, with little work done on proving up substantial resources. The majority of historical drilling was done from underground, and therefore consisted of short holes with single targets – with very restricted drill pad locations. Recent exploration by Scottie has used the benefits of drilling from surface to target areas that were inaccessible with underground drill locations, and where possible to test multiple targets with individual holes. Figure 2: High-grade gold occurrences is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b0fdeb39-8673-4365-b4b7-053acc193791 Figure 3: M- and O-Zone structures is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74ffdfb3-41cf-47dd-98dc-59bd0dacc8b3 Quality Assurance and Control Results from samples were analyzed at MSALABS in Langley, Canada (an ISO 9001 accredited facility). The sampling program was undertaken by Company personnel under the direction of Dr. Thomas Mumford. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry. Thomas Mumford, Ph.D., P.Geo and VP Exploration of Scottie, a qualified person under National Instrument 43-101, has reviewed the technical information contained in this news release on behalf of the Company. ABOUT SCOTTIE RESOURCES CORP. Scottie owns a 100% interest in the high-grade, past-producing Scottie Gold Mine and Bow properties and has the option to purchase a 100% interest in Summit Lake claims which are contiguous with the Scottie Gold Mine property. Scottie also owns 100% interest in the Cambria Project properties and the Sulu property. Scottie Resources holds more than 25,000 ha of mineral claims in the Golden Triangle. The Company’s focus is on expanding the known mineralization around the past-producing mine while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource. All of the Company’s properties are located in the area known as the Golden Triangle of British Columbia which is among the world’s most prolific mineralized districts. Further information on Scottie can be found on the Company’s website at http://www.scottieresources.com and at www.sedar.com, or by contacting Bradley Rourke, President and CEO at (250) 877-9902. Forward Looking Statements This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.