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Scottie Resources Corp. (SCOT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2650+0.0050 (+1.92%)
As of 3:25PM EST. Market open.
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Previous Close0.2600
Open0.2700
Bid0.2600 x 0
Ask0.2650 x 0
Day's Range0.2550 - 0.2700
52 Week Range0.1050 - 0.5300
Volume206,000
Avg. Volume254,141
Market Cap28.848M
Beta (5Y Monthly)4.54
PE Ratio (TTM)N/A
EPS (TTM)-0.0190
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Geophysics and Surficial Sampling Increase the Extent of Scottie Resources’ High-Grade Domino Zone
    GlobeNewswire

    Geophysics and Surficial Sampling Increase the Extent of Scottie Resources’ High-Grade Domino Zone

    Table 1 Selected 2020 grab sample results from the Domino Zone. Figure 1 Plan view map of the Domino Zone illustrating the locations of the 18 holes drilled during the 2020 field season, and distribution of grab samples. *IP anomaly layer is a composite heat map comprised of corresponding conductivity highs and resistivity lows derived from a 2D inversion of IP data at a 50 m depth. Figure 2 Overview of the 2020 Scottie Gold Mine Project field program.VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report grab sample results and preliminary results from an induced polarization survey carried out over the Domino Zone. Numerous high-grade surficial samples (up to 81 g/t gold) increase the strike length of the mineralized zone to 900 metres, and the width to 450 metres. The Domino Zone was discovered in 2019, when high-grade surficial samples (up to 536 g/t gold) were collected in an area of recent glacial retreat. The zone is located on strike, 2 kilometres west of the known high-grade deposit of the past-producing Scottie Gold Mine located in the southern area of BC’s Golden Triangle. CEO, Bradley Rourke commented: “Our detailed mapping and sampling this year has shown that the structure discovered in 2019 is much more extensive than originally thought, and the high-grade mineralization is widespread and continues underneath the glacier to the south. Results from the IP survey suggest that there are highly prospective drill targets along the structure, just west of our 2020 drilling. The size and grade distribution of this mineralizing system indicates that it may host a significant gold deposit, and Scottie will continue to drill the expanding zone in 2021.”Domino ZoneLocated ~2 km due west of the Scottie Gold Mine, the Domino Zone exhibits similar mineralization style, grade, and orientation to the past-producing mine. Glacial retreat has only recently exposed this area, leading to the 2019 discovery of multiple large (10+ m long) massive sulphide lenses. During the 2019 program, first pass surficial sampling returned 9 samples over 5 g/t gold, including a 5.3 m long chip sample averaging 10.5 g/t gold, with the highest-grade grab sample graded 536 g/t gold and 129 g/t silver.Table 1: Selected 2020 grab sample results from the Domino Zone. https://www.globenewswire.com/NewsRoom/AttachmentNg/3d62ea79-50f6-4d57-8f99-1fe7525b4ae0Figure 1: Plan view map of the Domino Zone illustrating the locations of the 18 holes drilled during the 2020 field season, and distribution of grab samples. *IP anomaly layer is a composite heat map comprised of corresponding conductivity highs and resistivity lows derived from a 2D inversion of IP data at a 50 m depth. https://www.globenewswire.com/NewsRoom/AttachmentNg/37ba681d-ad2a-4ba5-aae8-5cd98178d070Preliminary results from the 2020 mapping program include high-grade grab samples from three new showings, named Mystic, Moondance, and Gloria (Figure 1, Table 1). These showings were only recently exposed due to rapid retreat of the adjacent glaciers. None of these new targets have ever been drill tested. The distribution of these showings indicate that the Domino Zone is significantly larger than was first estimated in 2019, with a strike length exceeding 900 metres and a width of at least 450 metres, and suggests that mineralization may continue underneath the glacier. These three new zones will be drill tested in 2021.2020 Domino Zone Highlights * Drilling of the Domino Zone in 2020 consisted of 18 drill holes from 6 drill pads * Tested an area of 300 metres of strike length and 200 metres of width * Drill results to follow shortly * Follow-up sampling of the Domino Zone yielded 253 rock samples, and preliminary results show that the zone is significantly larger than the original 700 m x 200 m target * A grid of 8 induced polarization (IP) lines were surveyed over top of the Domino Zone * In addition to the IP grids, a gradient IP survey was performed between the Domino Zone and the Scottie Gold Mine located 2 km to the east, testing for large scale conductive anomalies * A ~634 line-km AirTEM Electromagnetic (EM) survey was flown over the entire Scottie Gold Mine Project, including the Domino Zone, results are still pending Figure 2: Overview of the 2020 Scottie Gold Mine Project field program. https://www.globenewswire.com/NewsRoom/AttachmentNg/7b081459-bd92-41d9-a955-268362a7a631Quality Assurance and ControlResults 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.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 StatementsThis 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.

  • Is Scottie Resources (CVE:SCOT) In A Good Position To Invest In Growth?
    Simply Wall St.

    Is Scottie Resources (CVE:SCOT) In A Good Position To Invest In Growth?

    There's no doubt that money can be made by owning shares of unprofitable businesses. By way of example, Scottie...

  • Scottie Discovers New Mineralization Trend at Blueberry Zone, Reports Intercepts of 22.3 g/t Gold Over 6.1 m and 8.96 g/t Gold Over 13.7 m
    GlobeNewswire

    Scottie Discovers New Mineralization Trend at Blueberry Zone, Reports Intercepts of 22.3 g/t Gold Over 6.1 m and 8.96 g/t Gold Over 13.7 m

    Table 1 Selected results from new drill assays results from the Blueberry Zone. Figure 1 Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the locations 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. Table 2 Select preliminary results from 2020 sampling around the Blueberry Zone.VANCOUVER, British Columbia, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report new assay results for the Blueberry Zone, including the discovery of a new mineralization trend that runs oblique to the historic Blueberry Vein target. Intersection of multiple high-grade intervals along strike (including 22.3 g/t gold over 6.1 m), define an intensely mineralized gold trend oriented north-south. This new target remains open along strike and depth, with numerous high-grade grab samples delineating a zone that exceeds 800 metres in strike length. The Blueberry Zone is located on the Granduc Road, 2 km north-northeast of the past-producing high-grade Scottie Gold Mine. CEO, Bradley Rourke commented: “Fantastic drill results in an ideal location! This new Blueberry trend is a near surface target, literally situated on a road. The grades and widths of these results get us extremely excited about the economic potential of the area. Bolstered by the high-grade grab samples from this year, drilling in 2021 will see us aggressively step out along this new trend to establish the full extent of this remarkably large and high-grade system.”Table 1: Selected results from new drill assays results from the Blueberry Zone.https://www.globenewswire.com/NewsRoom/AttachmentNg/6a9e568f-496c-4495-b68a-7a1437ba192e*true width, is estimated to be 80-90% of interval widthBlueberry ZoneThe Bow Property’s Blueberry Zone is located just 2 km NE 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 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. Future drill campaigns will increasingly step out along strike and at depth to further define the extent and grade of the zone.Figure 1: Plan view map of 2019 and 2020 drilling of the Blueberry Zone, illustrating the locations 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/f8acd629-7689-49de-a1fe-6f68e6ffa800Drill holes SR20-40 and -45 were designed confirm that the high-grade mineralizing trend continues to the south of the north-north east oriented Blueberry vein. These two short holes (42.5 and 54.4 metres, respectively) were drilled at -45°, and intercepted near surface mineralization including 67.9 g/t gold and 10.2 g/t silver over 1.93 meters.Drill hole SR20-48 was designed to test the northern continuity of the N-S trend, as well as the potential extension of the Blueberry Vein structure. The hole successfully intercepted two distinct, high-grade mineralized intervals – correlating well with the targeted structures (Figure 1). At just 18 metres downhole, the interval associated with the N-S structure consisted of strongly sheared and altered quartz-carbonate veins with pyrrhotite stringers occurring parallel to shear fabric, exhibiting pervasive sericite and patchy chlorite alteration; the interval graded 35.8 g/t gold over 2.33 meters. From 56.67 until 70.35 metres an interval hosting a massive, strongly sheared pyrrhotite-carbonate vein was intercepted, located on strike from the projected Blueberry vein, and graded 8.96 g/t gold over 13.68 metres.Preliminary results from the 2020 mapping and sampling program include numerous high-grade grab samples occurring along a broad N-S trend, south of the Blueberry Vein (Table 2, Figure 2). These results, coupled with multiple historically sampled high-grade showings to the north of the vein (Figure 2), suggest that the potential strike length of the mineralizing trend exceeds 800 meters. Many of the high-grade gold samples are associated with very strong cobalt mineralization, with values in excess of 1% Co (Table 2). Over 60 grab samples from the Blueberry Zone are still pending assay results.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/0c551a56-9e57-495d-9f97-b3ebd6591255Table 2: Select preliminary results from 2020 sampling around the Blueberry Zone.https://www.globenewswire.com/NewsRoom/AttachmentNg/1e6d287e-3668-4435-889c-013bdb699589Quality Assurance and ControlResults 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.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 or Rahim Lakha, Corporate Development at (416) 414-9954.Forward Looking StatementsThis 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.