Scottie Res Stock Price, News & Analysis

Scottie Resources (SCTSF) has announced key management changes to support its transition from exploration to development. Sean Masse has been appointed as Chief Operating Officer (COO), bringing over 25 years of underground mining experience, including his recent role as general manager of the Brucejack mine. Additionally, Dr. Thomas Mumford has been promoted to President from his previous position as VP of Exploration.

The company has also granted 670,000 stock options at $0.97 per share, 325,000 Restricted Share Units, and 200,000 Deferred Share Units to various directors, officers, and consultants. The stock options vest quarterly over a year, while RSUs and DSUs vest after one year.

Scottie Resources Corp (SCTSF) has announced positive results from its Phase I ore sorting study at the Scottie Gold Mine Project, supporting the establishment of a high-margin direct ship ore (DSO) operation. The project will use XRF ore sorting technology to deliver gold concentrate to Asian copper/precious metals smelters.

Key highlights include:

• Elimination of gold processing plant and tailings facility requirements
• Strategic location near deep-sea shipping terminal
• Planned initial open pit operation
• Annual site production target of 80,000 to 100,000 ounces of gold

The ore sorting study demonstrated significant grade improvements: Blueberry Open Pit increased from 3.5 g/t to 7.2 g/t gold (90% recovery), Blueberry Underground from 6.5 g/t to 10.4 g/t gold (98% recovery), and Scottie Gold Mine Underground from 10 g/t to 19.7 g/t gold (93% recovery). The company plans to proceed with Phase II ore sorting study following its initial mineral resource estimate.

Scottie Resources (SCTSF) has reported final assays from its 2024 drilling campaign at the Blueberry Contact Zone, part of the Scottie Gold Mine Project in British Columbia. The campaign, consisting of 10,270 metres of diamond drilling, yielded significant high-grade gold intercepts.

Key results include drillhole SR24-357 intersecting 7.00 g/t gold over 14.40 m (including 47.40 g/t gold over 2.00 m), and SR24-359 yielding 14.66 g/t gold over 4.00 m (including 52.60 g/t gold over 1.00 m). The Blueberry Contact Zone now has a drilled strike length exceeding 1,550 metres and has been tested to depths greater than 525 metres.

The company is fully funded for 2025 and plans to include these results in their upcoming maiden resource estimate.

Scottie Resources has reported new assays from its 2024 drilling of the Blueberry Contact Zone, featuring significant high-grade gold intercepts. Key findings include drillhole SR24-355 intersecting 59.2 g/t gold over 2.50 metres at the Fifi vein zone, and SR24-356 intersecting 35.2 g/t gold over 2.00 metres at the Lemoffe vein zone.

The Blueberry Contact Zone, located 2 kilometers northeast of the past-producing Scottie Gold Mine, has been significantly advanced since 2019. The zone now has a drilled strike length exceeding 1,550 metres and has been tested to over 525 metres depth. These results will support the calculation of Scottie's maiden resource estimate for the Scottie Gold Mine Project.

Scottie Resources has reported new assays from its 2024 drilling program at the historic Scottie Gold Mine. Key highlights include drillhole SR24-345 intersecting 20.2 g/t gold over 2.60 metres at the O Zone, and SR24-339 intersecting 9.50 g/t gold over 3.00m at the M Zone and 4.50 g/t gold over 4.00m at the N Zone.

The project, located 35 kilometres north of Stewart, BC, includes maiden drilling of the Golden Buckle Zone, which produced gold-bearing intervals including 1.87 g/t gold over 1.00m. The historic Scottie Gold Mine, which operated from 1981 to 1985, produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold before shutting down due to falling gold prices and high interest rates.

Scottie Resources (TSXV: SCOT, OTCQB: SCTSF) has engaged ICP Securities Inc. to provide automated market making services, including the use of their proprietary ICP Premium™ algorithm. The agreement, starting December 12, 2024, has an initial term of four months with automatic one-month renewals thereafter, unless either party provides 30 days notice. ICP will receive a monthly fee of C$7,500 plus taxes. The service aims to correct temporary supply and demand imbalances in Scottie's shares, with ICP bearing all costs related to buying and selling activities. No performance factors, stock options, or additional compensation are included in the agreement.

Scottie Resources (SCTSF) has reported significant new drilling results from its Scottie Gold Mine project, including the discovery of a new zone. The key findings include:

The newly discovered Wolf Zone yielded 6.85 g/t gold over 5.85 metres, including 19.4 g/t gold over 2.00 metres. Additionally, drilling intercepted a high-grade N Zone result of 37.6 g/t gold over 4.1 metres.

The discovery was made through drill hole SR24-353, which tested previously unexplored areas south of the historic mine. The project is located 35 kilometres north of Stewart, BC, along the Granduc Road. The company plans follow-up drilling of the Wolf Zone in 2025.

Scottie Resources reported new drilling results from its Scottie Gold Mine project, highlighting significant gold intersections. Key findings include 11.0 g/t gold over 7.50 metres (including 31.0 g/t gold over 2.00m) in the O Zone and 6.55 g/t gold over 5.50 metres in the N Zone from drillhole SR24-334. Additional notable results include 54.0 g/t gold over 1.00m from the P Zone, representing a 35m step-out. The 2024 drilling program aimed to validate historical results and extend known zones around the past-producing mine, which historically produced 95,426 gold ounces at an average grade of 16.2 g/t gold.