Past drill results from Scottie Resources Corp. (TSXV:SCOT) included 7.44 g/t gold over 34.78 meters
Bob Moriarty | November 23, 2021 | SmallCapPower: If you ever find yourself staring too hard at the trees, you might want to step back just a bit and take a look at the forest you may have totally missed.
(The following is an article originally published on 321gold.com on October 20, 2021)
You can only make money by buying low and selling high. Most investors want to do the opposite. So while they are either engrossed in staring at the trees or are focused on their belly buttons, you need to do the opposite of what they do. After all, it’s their money you are going to turn into your money.
I have made it clear in interviews, articles, indeed everything I do and post that resource shares are about to become the only game in town. It is not possible to find any financial market, Bitcon, bonds, the general stock market, commodities, housing, even used automobiles that isn’t wildly overpriced. Except gold and silver.
All things change.
There are literally hundreds of excellent companies run by adult management discovering gold and silver resources in safe jurisdictions daily simply being ignored by the market. If you think the runs in the S&P or Bitcon or Dogepuke are spectacular, you have seen nothing yet. In the roaring 1970s it was common for some gold stocks to go up 10,000 percent. We are going to see it again and more. While the weak hands are out picking up the financial instruments that are the flavor of the day, astute investors are plucking cheap resource stocks while they still can.
Scottie Resources Corp. (TSXV:SCOT) is such a forest being ignored by the riff-raff but delivering wonderful assay results on a regular basis. With more problems with potential resource nationalism popping up daily, where a project is located may be more important than what the project is. For now, Canada is going to be the safest place you can mine even if the country is run by a blithering idiot who tries to talk out of both sides of his mouth while his tongue keeps getting in the way.
Scottie Resources is located in the heart of the Golden Triangle in British Columbia. To give you some feeling as to what sort of potential that gives the company, the Golden Triangle has shown past production and current resources of 67 million ounces of gold, 569 million ounces of silver and 27 billion pounds of copper in its history.
The Scottie project contains 320 ha of claims and is located about 25 miles north of the deep-water port of Stewart. For now it is the most important of the various different Scottie projects in the Golden Triangle totaling over 52,000 ha. The Scottie Gold project has a four-season access road. The actual Scottie Gold mine, in production from 1981-1985 has six portals, shafts, a rail system and 7 km of drifts with a 200 TPD underground mill. The Scottie Gold mine has an existing small mine permit. Production averaged 16.2 g/t gold and over 95,000 ounces of gold produced.
The 2021 drill program has completed 14,500 meters in 73 holes. Assays are still pending on 50+ holes. The major focus this year and last was on the 550 meters strike length Blueberry Zone.
Results from 2019 showed 7.44 g/t Au over 34.78 meters. 2020 gave Scottie 22.3 g/t Au over 6.10 meters while holes drilled this year assayed at 16.5 g/t gold over 10 meters and 28.8 g/t gold over 4.94 meters. From the actual Scottie Gold mine itself, the company has a 109.4 g/t gold over 2.53 meters.
Since the company has so many parts contributing to the entire Golden Triangle package, I did a seat of my pant calculation on just the Blueberry 550 meter strike length package that is a relatively new piece of the Scottie pie. If you use five meters of width, with 10 g/t gold and a vertical extent of 500 meters and 550 meters of length and an SG of 2.7 you will come up with about 1.2 million ounces of gold. That’s just for one zone of many. So I suspect the company wants to prove up 2-3 million ounces of high grade gold and at that point someone like Ascot with a 2,800 TPD mill coming on line in 2022 will want to take them out.
With a $35 million market cap and an easy million ounces in the bag and high potential for double or triple that, I think that Scottie is going to get real popular once the great unwashed wake up from their slumber.
I participated in their latest PP and Scottie is an advertiser so naturally I am biased. Do your own due diligence.
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