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Mining Co. Hits Record Gold, Silver Grades at B.C. Property

Source: Stuart McDougall   11/29/2022

The newly reported drill results also extended the mineralization present at the primary exploration…

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This article was originally published by Streetwise Reports

Source: Stuart McDougall   11/29/2022

The newly reported drill results also extended the mineralization present at the primary exploration target, noted a Research Capital Corp. report.

Scottie Resources Corp. (SCOT:TSX.V) released more positive drill results from its Scottie gold project in British Columbia’s Golden Triangle, reported Research Capital Corp. analyst Stuart McDougall in a November 11, 2022, research note. These new data contained the richest grades encountered to date and extended the mineralized system that is present.

All reported results are from the current primary exploration target at Scottie, the Blueberry Contact zone, wrote McDougall, “now interpreted as a primary north-south mineralized structure along an andesite-siltstone contact.” Results for many more Blueberry Contact holes are pending.

At this target, McDougall highlighted, “mineralization remains open along strike and at depth, particularly at the newly emerging southern extent, where only a few holes have been completed to date.”

Record Precious Metals Grades

This batch of results returned an intercept containing the highest grades of gold and silver ever hit at the Scottie project.

Research Capital has a Speculative Buy rating and a CA$0.35 per share target price on Scottie Resources, the current share price of which is about CA$0.22.

Encountered via hole SR22-168, grades were 161 grams per ton gold (161 g/t Au) and 100 g/t silver (Ag) extending over 1.3 meters (1.3m) starting at about 218m downhole. 

Preceding that result was another highlight intercept, 10.1 g/t Au and 3 g/t Ag over 3.1m.

“Both were enclosed by a broad, low-grade halo, similar to other areas of the zone,” McDougall described.

Another high-grade intercept from SR22-168 was 11.3 g/t Au and 37.7 g/t Ag over 4.5m starting at 149m downhole.

Drilling Extends Mineralization

A different newly reported hole, SR22-157, extended the mineralized system in the Blueberry Contact zone 30m beyond the results of SR22-151 (previously announced) so that it now reaches 390m below surface. SR22-157 returned 2.57 g/t Au and 3 g/t Ag over 2.5m, the grades and width of which were not as good as those of SR22-151.

Research Capital has a Speculative Buy rating and a CA$0.35 per share target price on Scottie Resources, the current share price of which is about CA$0.22.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. 

As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Scottie Resources Corp., a company mentioned in this article.

Disclosures For Research Capital Corp., Scottie Resources Corp., November 11, 2022

Analyst Certification: I, Stuart McDougall, certify the views expressed in this report were formed by my review of relevant company data and industry investigation, and accurately reflect my opinion about the investment merits of the securities mentioned in the report. I also certify that my compensation is not related to specific recommendations or views expressed in this report. Research Capital Corporation publishes research and investment recommendations for the use of its clients. Information regarding our categories of recommendations, quarterly summaries of the percentage of our recommendations which fall into each category and our policies regarding the release of our research reports is available at www.researchcapital.com or may be requested by contacting the analyst. Each analyst of Research Capital Corporation whose name appears in this report hereby certifies that (i) the recommendations and opinions expressed in this research report accurately reflect the analyst’s personal views and (ii) no part of the research analyst’s compensation was or will be directly or indirectly related to the specific conclusions or recommendations expressed in this research report.

Stuart McDougall has visited Scottie Resources Corp. in the past 18 months.

General Disclosures: The opinions, estimates and projections contained in all Research Reports published by Research Capital Corporation (“RCC”) are those of RCC as of the date of publication and are subject to change without notice. RCC makes every effort to ensure that the contents have been compiled or derived from sources believed to be reliable and that contain information and opinions that are accurate and complete; RCC makes no representation or warranty, express or implied, in respect thereof, takes no responsibility for any errors and omissions which may be contained therein and accepts no liability whatsoever for any loss arising from any use of or reliance on its Research Reports or its contents.

Information may be available to RCC that is not contained therein. Research Reports disseminated by RCC are not a solicitation to buy or sell. All securities not available in all jurisdictions.

Company Specific Disclosures: Within the past 12 months, Research Capital has provided investment banking services to the issuer.

Potential Conflicts of Interest: All Research Capital Corporation (“RCC”) Analysts are compensated based in part on the overall revenues of RCC, a portion of which are generated by investment banking activities. RCC may have had, or seek to have, an investment banking relationship with companies mentioned in this report. RCC and/or its officers, directors and employees may from time to time acquire, hold or sell securities mentioned in our Research Reports as principal or agent. RCC makes every effort possible to avoid conflicts of interest, however readers should assume that a conflict might exist, and therefore not rely solely on this report when evaluating whether or not to buy or sell the securities of subject companies.

RCC USA: Information about Research Capital Corporation’s Rating System, the distribution of our research to clients and the percentage of recommendations which are in each of our rating categories is available on our website at www.researchcapital.ca. The information contained in this report has been drawn from sources believed to be reliable but its accuracy or completeness is not guaranteed, nor in providing it does Research Capital Corporation assume any responsibility or liability. Research Capital Corporation, its directors, officers and other employees may, from time to time, have positions in the securities mentioned herein. Contents of this report cannot be reproduced in whole or in part without the express permission of Research Capital Corporation. US Institutional Clients – Research Capital USA Inc., a wholly owned subsidiary of Research Capital Corporation, accepts responsibility for the contents of this report subject to the terms and limitations set out above. US firms or institutions receiving this report should effect transactions in securities discussed in the report through Research Capital USA Inc., a Broker – Dealer registered with the Financial Industry Regulatory Authority (FINRA). 

( Companies Mentioned: SCOT:TSX.V,
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