Scottie Resources – Next Batch of Drill Assays Released From The 20,000 Meter Drill Program This Year – Intercepting 26.9 g/t Gold Over 4 Meters At The Blueberry Contact Zone
Brad Rourke, President and CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins us to recap the next 5 drillhole assays that have been released from the 20,000 meter drill program this year at the Blueberry Contact Zone and the Scottie Gold Mine Property, in the Golden Triangle of BC.
We start off reviewing Drillhole # SR23-247 which intersected 26.9 grams per tonne (g/t) gold over 4 meters and 13.9 g/t gold over 2.04 meters. We also note that the Company has put out a consistent number of drill holes that have over 100+ gram-meter drill intercepts from last year’s program and again in this year’s program.
Next we have Brad outline the exploration strategy and goals of this year’s drill program, stepping out along the 2.2km strike, drilling in between large gaps in the first 700 meters drilled the prior 2 years, and drilling about 2 dozen more holes along the second 700 meters of mineralized strike to follow up on the initial 5 holes drilled last year in this area. Additionally, there are some holes that will have drilled down testing a depth of around 500 meters in certain areas.
The drilling is officially wrapped up now, but there are still over 15,500 meters of pending assays to release from this program over the months to come. Brad reiterated that the overall goal of the exploration program is the delineation of the ore body geometry and scale, along with filling in some areas between prior step-outs, and getting a better handle on how things expand at depth. This drill program also allocated a small portion of around 1,500 meters for following up on drilling at the C&D Vein and some targets around the Scottie Gold Mine area.
If you have any follow up questions for Brad regarding Scottie Resources, then please email us at Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Scottie Resources.
.
Click here to visit the Scottie Resources website and read over all the news.
Just the Beginning for This GOLD Stock | Scottie Resources Corp. $SCOT
@GoldNewsletter w/ Kai Hoffman – 12 Oct 2023
“Bradley Rourke, CEO of Scottie Resources Corp. (TSXV:SCOT), joins Kai Hoffmann on this breaking news special to recap the company’s assays that were released this morning.”
“Scottie Resources Intercepts 26.9 g/t Gold Over 4 Metres at Blueberry Contact Zone”
Gold futures at $1935 here on Friday’s session… not too shabby…
There are still a few hours of trading left, but it appears the yellow metal is going to put in a respectable weekly close above the $1900 level. That is helpful for the weekly candle in repairing a little bit of the recent chart damage. Gold bottomed at $1823 just last week, with many pundits making calls for much lower levels. This demonstrates just how quickly the technical setup can change, really in any market, and not to get too stuck in recency bias. Things can change…
This is a nice contrast to the terrible sentiment we saw in the PMs up until this time last Friday when we saw the mid-day reversal after the NFP jobs report data circulated, and then the initial start of the move higher from the low levels gold had been bottom-dwelling at most of last week. Now in just a week’s time, Gold has tacked on over $100+ dollars.
Additionally, it’s nice to see a lot of green on the screen in the Gold stocks, with many up substantially here on Friday to close out the week. 🙂