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Scottie Resources Corp. (SCOT.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.24000.0000 (0.00%)
At close: 3:51PM EST
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Previous Close0.2400
Open0.2400
Bid0.2400 x 0
Ask0.2500 x 0
Day's Range0.2400 - 0.2500
52 Week Range0.1050 - 0.5300
Volume234,428
Avg. Volume265,603
Market Cap26.127M
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
  • Scottie Resources Reports 12.4 g/t Gold and 8.7 g/t Silver Over 2.69 Metres at the Newly Discovered Domino Zone
    GlobeNewswire

    Scottie Resources Reports 12.4 g/t Gold and 8.7 g/t Silver Over 2.69 Metres at the Newly Discovered Domino Zone

    Figure 1: Plan view map of the Domino-Scottie Mineralizing corridor. Figure 1: Plan view map of the Domino-Scottie Mineralizing corridor. Figure 2: Plan view map of the 2020 Domino zone drilling program. Note that doubled up drill traces indicate the presence of an underlying steeper down-dip hole. Figure 2: Plan view map of the 2020 Domino zone drilling program. Note that doubled up drill traces indicate the presence of an underlying steeper down-dip hole. Figure 3: Drill hole SR20-29 Figure 3: Drill core from hole SR20-29 – Textural example of high-grade gold mineralization present within the Domino zone – sample above graded 19.9 g/t gold and 71.6 g/t silver over 0.94 metres. The host felsic volcanic rocks are cut by an oxidized, vuggy, sheared quartz vein with intense limonite alteration. All primary textures have been destroyed by strain and alteration. Thin bands of chlorite and sericite trend along shear fabric. Shear contains ~15% pyrite and ~5% pyrrhotite. The length of the image is ~30 cm. VANCOUVER, British Columbia, Jan. 21, 2021 (GLOBE NEWSWIRE) -- Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT) is pleased to report assay results for the first ever drill program at the Domino Zone, including a high-grade intercept of 12.4 g/t gold and 8.7 g/t silver over 2.69 metres in which the hole ended in mineralization at a depth of 121.5 metres. Drilling also revealed near surface mineralization grading 19.9 g/t gold and 71.6 g/t silver over 0.94 metres hosted in a wider zone of moderate mineralization grading 2.48 g/t gold and 8.63 g/t silver over 15.46 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. CEO, Bradley Rourke commented: “These drill results confirm our hypothesis of a high-grade gold mineralizing system occurring along strike from the past-producing Scottie Gold Mine. The 900 metre strike length of the Domino zone, combined with the 2 kilometer separation from the mine provides exceptional potential to host a large high-grade deposit. Drilling in 2021 will continue to target large high-grade dilatational zones, similar to the Scottie Gold Mine throughout the length of this structure.” Highlights Initial drilling program on Domino produced numerous high-grade intervals, including:• 12.4 g/t gold and 8.7 g/t silver over 2.69 metres• 19.9 g/t gold and 71.6 g/t silver over 0.94 metres• 13.4 g/t gold and 8.11 g/t silver over 1.07 metresThree new high-grade showings were discovered proximal to the Domino Zone• Each zone marked by a grab sample with > 50 g/t gold Surficial sampling results and geophysics indicate that the mineralizing system present at Domino is at least 900 metres x 450 metresNew induced polarization (IP) grid defines prospective drill targets coincident with new high-grade grab samplingA ~634 line-km AirTEM Electromagnetic (EM) survey was flown over the entire Scottie Gold Mine Project, including the Domino Zone, data processing and interpretation is underway Drill Hole From (m)To (m)Width* (m)Gold (g/t)Silver (g/t)SR20-29 10.5426.0015.462.488.63including24.0024.940.9419.971.6and including24.5424.940.4035.5154 54.0056.002.001.190.59SR20-30 20.0022.682.682.2248.7including21.5022.681.184.1382.5SR20-31 17.0920.253.161.126.32 52.3654.642.283.060.55 62.9369.806.872.52.48including62.9364.001.0713.48.11SR20-32 67.0068.441.441.8219.5SR20-36 29.433.424.020.7396.3including33.0033.420.424.8617.7and72.373.351.051.520.61SR20-37 108.14121.5 (EOH)13.362.693.54including118.81121.5 (EOH)2.6912.48.69SR20-44 39.5466.503.292.23SR20-46 41.2845.44.122.423.46SR20-47 30322.001.011.25SR20-49 4678.732.700.544.47including46493.0001.513.07and77.7378.70.977.9163.7SR20-61 51.0354.153.123.9930.0SR20-66 55.7857.51.720.687.77 SR20-33, 35, 39, 41, 43, 63 - no signficant intercepts Table 1: 2020 Domino Zone drill *True width is estimated to be 80-90% of interval width. Domino Zone Located ~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 grading 536 g/t gold and 129 g/t silver. The 2020 field season marked the first ever drill program at the Domino Zone with a total of 18 holes (Figure 2). Preliminary mapping and sampling of the Domino Zone indicate that mineralization is linked to two intersecting sets of discreet shear structures. Drilling was done with an oriented core setup in order to provide maximum value from the data collected. The information garnered from the 2020 drill program will be combined with newly acquired geophysics and detailed structural mapping to drill target structurally controlled high-grade ore shoots in this mineralized corridor during 2021. This release includes all drill results from the Domino Zone. Figure 1: Plan view map of the Domino-Scottie Mineralizing corridor is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3773c7d-19ea-49f8-bbc4-de65bdc147d4. 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. Figure 2: Plan view map of the 2020 Domino zone drilling program is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6d215ff1-037b-4883-b00a-b891f8dec1d7. Note that doubled up drill traces indicate the presence of an underlying steeper down-dip hole. Figure 3: Drill hole SR20-29 – Textural example of high-grade gold mineralization present within the Domino zone – sample above graded 19.9 g/t gold and 71.6 g/t silver over 0.94 metres is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa6058ae-d8ec-43da-8222-eab6a0326e95. The host felsic volcanic rocks are cut by an oxidized, vuggy, sheared quartz vein with intense limonite alteration. All primary textures have been destroyed by strain and alteration. Thin bands of chlorite and sericite trend along shear fabric. Shear contains ~15% pyrite and ~5% pyrrhotite. 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 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.

  • 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...