Scottie Resources Delivers 8.43 g/t Gold over 11.40 M, Strengthening P-Zone Mineralization at Scottie Gold Mine Project

Core Insights - Scottie Resources Corp. has reported new assay results from the P-Zone of the Scottie Gold Mine Project, indicating strong mineralization with significant gold grades [1][2]. Summary by Sections Drilling Results - The recent drilling at the P-Zone revealed an intersection of 8.43 grams per tonne (g/t) gold over 11.40 metres, including a higher grade of 14.80 g/t over 6.00 metres [4][6]. - Additional drill holes also reported notable gold grades, such as 8.37 g/t over 4.0 metres and 9.70 g/t over 1.25 metres in the M-Zone [6][7]. Project Overview - The Scottie Gold Mine Project includes the past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone, located 35 kilometres north of Stewart, BC [1][21]. - The project has a current resource estimate of 703,000 gold ounces at an average grade of 6.1 g/t in the inferred category, indicating significant development potential [22]. Economic Assessment - A recently completed Preliminary Economic Assessment (PEA) outlines a Direct-Ship Ore (DSO) operation with an after-tax NPV(5%) of CAD 215.8 million at a gold price of USD 2,600/oz, with potential upside through a toll-milling option [17][23]. - The PEA estimates initial capital costs of CAD 128.6 million and an average annual production of approximately 65,400 ounces of gold over seven years [24]. Geological Insights - The exploration has identified four new high-grade zones and expanded several historically drilled targets, indicating a robust geological framework for ongoing exploration [13][14]. - A spatial relationship has been established between high-grade zones and the Jurassic-aged Texas Creek Plutonic Suite, suggesting a shared mineralizing event across the property [14]. Future Plans - The 2025 drilling program aims to expand the existing resource and increase geological confidence, with follow-up drilling planned for the Wolf Zone [12]. - The company is focused on systematic drilling and surface exploration to define additional mineralization around past-producing mines [22].