The Golden Triangle discovery hiding in plain sight
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The Big Golden Triangle Discovery Hiding In Plain Sight
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Northwestern British Columbia’s Golden Triangle is chock full of companies looking for the region’s next big gold discovery.
Scottie Resources (SCOT.V; SCTSF.OTC), meanwhile, has already made a major new discovery of high-grade gold, yet has gotten nowhere near full credit from the market for that discovery.
With gold taking off again and a steady flow of more results from last season’s drilling coming out right now, Scottie Resources’ fortunes look likely to change for the better…and fast.
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It’s a story that needs to be told.
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Over the past four drilling seasons in the Golden Triangle, Scottie Resources (SCOT.V; SCTSF.OTC) has been cranking out some of the best gold assays in the sector.
Ever since testing a north-south-trending splay of the east-west-trending Blueberry vein on its Scottie Gold Mine project, Scottie Resources has been building out an increasingly large, high-grade zone of mineralization there.
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Indeed, the Blueberry Contact zone turned out to be much larger than just a splay. It’s a whole new zone of near-surface mineralization that has gotten steadily bigger with each passing drill season.
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As Scottie begins 2023, it is feeding the market a steady diet of high-grade drill results from the Blueberry Contact zone, an area that has an all-weather highway running right through it and a power line feeding Newcrest’s Brucejack mine just 1.5 kilometers away.
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With gold taking off on a new bull run, it won’t be long before generalist investors begin rotating into the sector again.
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And when they do, Scottie Resources’ discovery at the Blueberry Contact zone should attract more than its fair share of attention. This is your chance to get ahead of the herd with Scottie.
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The Big Discovery At
The Blueberry Contact Zone
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Scottie Resources’ Scottie Gold Mine project lies within the southern corner of the Golden Triangle within 40 kilometers of tidewater at Stewart, BC.
Scottie was a past producer, generating 94,426 ounces of gold at an eye-popping average grade of 16.2 g/t. Many of the ore zones at the mine remain open for expansion.
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But the big potential at Scottie came two kilometers to the northeast at the Blueberry vein.
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Over decades of ownership, the Blueberry vein had always been assumed to be east-west trending.
So it came as a surprise in 2019 when the drills yielded a high-grade hit along a north-south axis at Blueberry. It was a doozy — 7.44 g/t gold over 34.8 meters!
As subsequent drill holes stepped out on that vector, it became increasingly obvious that the Blueberry Contact zone was a major new discovery in its own right.
Over the past four drill seasons, the Blueberry Contact zone has grown to fully 1.6 kilometers in strike and down to 400 meters depth. Better still, the gold zones typically occur near surface and appear to get wider with depth.
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In terms of the number of high-grade, near-surface hits, the Blueberry Contact zone compares favorably with the biggest winner of the current cycle for gold — Great Bear Resources Dixie project.
Kinross snapped up Dixie and Great Bear last February for C$1.4 billion, before it had even put out a resource estimate for the project.
Granted, it’s a long shot that Scottie will prove up the likely 8- to 10-million ounces of gold that Great Bear discovered, but the high-grade hits from the Blueberry Contact zone over the past four years remind one of the frequency of near-surface, high grade hits at Dixie.
Just a few Scottie highlights from the 2019 through 2021 drill season from Blueberry include:
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• 34.6 g/t over 11.86 meters
• 15.3 g/t over 13.49 meters
• 22.3 g/t over 6.1 meters
• 8.96 g/t over 13.7 meters
• 28.8 g/t gold over 4.94 meters
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And those numbers continue to hold up as Scottie releases its results from drilling at Blueberry from 2022. Just last week, the company had a highlight assay of 8.21 g/t gold over 19 meters.
Clearly, this is a target that still has a lot of room to run.
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A Nearby Project Could Provide
A Quick Path To Production
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The best news about the discovery at the Blueberry Contact zone is it lies adjacent to one operating mill at Brucejack and another in-development mill at Ascot Resources’ Premier project.
That means Blueberry could be developed as a mine only and then ship its ore to either of those two mines for processing.
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Such a turn of events would see Scottie’s high-grade mineralization turn into cash flow quickly without the huge capex expenditure of building a mill on site.
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Looking ahead, the 2022 results will continue to come in from Blueberry and then Scottie will begin to prep for its 2023 drill season on the Scottie Gold Mine.
With district-scale potential that includes the Blueberry Contact zone, the Scottie Gold Mine and the Domino target, Scottie is primed to deliver consistent news to the market in the months ahead.
Simply put, now is a great time to look at adding Scottie Resource to your portfolio. The gold market is shaping up to begin re-rating the company sharply upward.
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To Learn More about Scottie Resources Corp.
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