The Scottie West property was staked by Coast Copper on May 19, 2020. The Property is located in the Golden Triangle, approximately 35 kilometres northwest of Stewart, B.C and immediately west of the Scottie Gold Mine Property.
- These newly staked claims cover favourable geology, as mapped by the British Columbia Geological Survey, including Jurassic Hazelton volcanic rocks, Jurassic Texas Creek Intrusions and Eocene aged intrusions that are also host to numerous mineral occurrences and past producing mines throughout the Stewart Camp, including Ascot Resources Premier Mine¹ and Scottie Resources Scottie Gold Mine.
- Historical work in the immediate area focused principally on the past producing Scottie Gold gold-silver mine¹ to the east and on the Granduc base metals mine¹ to the west of Coast Copper's new Scottie West Property. Very little historical work appears to have been undertaken on Coast Copper's property primarily as a result of extensive glacial cover which has been rapidly retreating since the majority of the historical work was completed in the region during the late 1980's.
- An assessment report (#33511) filed by Eilat Resources documents a 2012 helicopter-borne magnetic geophysical survey totaling 332.5 line km at a 150 metre line spacing of which approximately the western 15% of the survey is now located within the current Scottie West Property. A smaller subsequent airborne magnetic and spectral survey was flown in 2016 on behalf of Eilat within the current Scottie Gold Mine Property (Assessment Report #36318). These airborne surveys highlighted several prominent north-northwesterly and southwesterly trending features which appear to have a spatial association with mineral occurrences.
Work by Coast Copper
Coast Copper announced on September 24, 2020 that it had completed a geophysical survey over the Scottie West Property. The magnetic and EM survey was carried out by Precision GeoSurveys Inc. ("Precision") from September 14 to 16, and was completed at 100m line spacing, using a Triumph AirTEM(tm) time-domain electromagnetic system. A total of 474-line km were completed over the eastern two thirds of the property commencing from the claim boundary with Scottie Resources Corp. The Company is awaiting processing and final reporting of this data.
Coast Copper announced on November 23, 2020 that it has signed an Option Agreement with Goldplay Mining (formerly known as Industria Metals Inc.) Under the terms of the Agreement, Goldlay can earn a 70% interest in the Scottie West Property by making aggregate cash payments of $500,000, issuing to Coast Copper common shares of Goldplay with a total value $500,000 and incurring a minimum of $1,000,000 of exploration expenditures on the Property over a four year period. Upon Goldplay's successful completion of the earn-in, Coast Copper and Goldplay will form a joint venture on the Property. Coast Copper will retain a 2% net smelter return (“NSR”) royalty of which Industria can repurchase 1% of the NSR for $2,000,000 at any time after a production decision has been made.