Barrick(US:GOLD) Prnewswire·2024-12-12 12:30Core Viewpoint - Scottie Resources Corp. has reported new assay results from its 2024 drilling at the Scottie Gold Mine, including the discovery of a new high-grade zone named the Wolf Zone, which shows promising gold intercepts [1][3]. Drilling Results - The Wolf Zone was discovered with an intercept of 6.85 g/t gold over 5.85 metres, including a higher-grade section of 19.4 g/t gold over 2.00 metres [3]. - The N Zone also showed strong results with an intercept of 37.6 g/t gold over 4.1 metres [3]. - Additional intercepts included 6.46 g/t gold over 2.15 metres and 18.2 g/t gold over 1.00 metre [3]. Exploration Context - The drill hole SR24-353 was designed to explore potential parallel vein zones south of the historic mine and to test lower parts of the L and N Zones [3][4]. - The Wolf Zone's discovery opens up a new high-grade drill target near the Scottie Gold Mine, which is expected to enhance the upcoming resource estimate [3][4]. Historical Background - The Scottie Gold Mine operated from 1981 to 1985, producing 95,426 ounces of gold at an average grade of 16.2 g/t [8]. - The primary producing zone historically was the M Zone, which accounted for over 90% of past production, while the N Zone was noted for its significant expansion potential [5][8]. Geological Insights - The mineralization at the Scottie Gold Mine consists of steeply dipping shear veins hosted in andesitic volcanic rocks, with 13 distinct gold-bearing vein zones identified [6][8]. - Recent exploration has linked various deposits to a common mineralizing event, enhancing the understanding of the geological framework [7]. Future Plans - The drill pad for SR24-353 will be utilized for follow-up drilling of the Wolf Zone in 2025, indicating ongoing exploration efforts [4].