Summit Lake Property

The 5100 ha Summit Lake property (“Summit Lake”) consists of thirteen mineral claims, which includes the recently discovered Domino Zone. Currently, Scottie Resources has 100% ownership in nine of these claims and has the option to acquire 100% interest in the remaining three. Summit Lake surrounds the Scottie Resources owned Scottie Gold crown grants and subsequently expands the previously existing footprint of the land package.

The property has shown multiple geophysical anomalies as well as high grade mineralization along the boundary bordering the Scott Gold mine property. Optioning this property opens up the area to further exploration, including unexplored areas exposed by retreating ice fields.

A regional exploration program carried out by Scottie Resources in 2019 was successful in discovering new zones of mineralization. Twelve gold +/- silver targets have been identified on Summit Lake, none of which were previously drill-tested. Domino is the flagship target on Summit Lake, and consists of an east-northeast trending mineralized shear zone traced on surface for 950 meters along strike with 450 meters of vertical extent before covered by ice in both directions. Prospecting in 2019 returned grab samples of up to 536 g/t Au and 3510 g/t Ag, and chip samples of up to 10.5 g/t Au over 5.3 m.

In 2020, diamond drilling tested the Domino and 6 Ounce zone targets. Along with drilling, extensive infill rock sampling and an induced polarization geophysical survey was completed. Drill results are currently pending. Surficial assay and geophysical results can be viewed in this news release.