Welcome to our dedicated page for Scottie Res news (Ticker: SCTSF), a resource for investors and traders seeking the latest updates and insights on Scottie Res stock.
Scottie Resources Corp. (SCTSF) generates frequent technical and corporate news as it advances the Scottie Gold Mine Project in British Columbia’s Golden Triangle. Company updates highlight drilling results, resource growth, economic studies, and project de-risking steps across the past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone.
News releases often focus on high-grade gold intercepts from zones such as the P-Zone, Fifi, Blueberry Vein, Road, Lemoffe, Bend Vein, O-Zone, and M-Zone. These reports detail assay results, drilled widths, and geological interpretations that support the company’s strategy of expanding and upgrading its Inferred resource of 703,000 ounces of gold at an average grade of 6.1 g/t on the Scottie Gold Mine Project.
Investors following SCTSF can also expect coverage of economic milestones, including the independent Preliminary Economic Assessment (PEA) that evaluates a Direct-Ship Ore (DSO) development scenario and an alternative toll-milling option. Additional news addresses the bulk sample program at Bend Vein, which Scottie describes as a successful “dry run” of the DSO pathway, as well as financing activities and strategic partnerships, such as arrangements with Ocean Partners.
Other updates may include drill program summaries, completion of seasonal meterage, and technical recognition, such as awards to company personnel for exploration achievements. For readers tracking Scottie Resources, this news feed provides a consolidated view of exploration progress, project economics, and corporate developments related to the Scottie Gold Mine Project and the company’s broader land position in the Stewart Mining Camp.
Scottie Resources (OTCQB: SCTSF) has initiated environmental baseline studies at its wholly-owned Scottie Gold Mine DSO Project in British Columbia's Golden Triangle. The company has engaged Nisga'a Growth Corporation-partnered SLR as the primary consultant, along with Ecofor Consulting Ltd. and Two Worlds Consulting to conduct comprehensive environmental assessments.
The multi-year program will cover archaeological, aquatics, terrestrial, hydrogeological, and geochemical data collection. These studies will supplement environmental data collected since 2019 and are crucial for advancing the permitting process for the road-accessible brownfields site, which is being positioned as a low-impact gold mining operation.
Scottie Resources (OTCQB: SCTSF) has secured a strategic partnership with Ocean Partners UK Limited, encompassing a $6 million equity investment and a USD$25 million construction loan facility. The partnership includes a commercial offtake agreement for 100% of production for the first 8 years from the Scottie DSO Project.
The equity investment will translate to approximately $8.4 million in charitable flow-through funding, making Ocean Partners Scottie's largest shareholder. The construction loan features a 24-month term from initial drawdown, with a 6-month grace period followed by 18 equal monthly installments at an interest rate of 12-month SOFR + 7%.
The project development schedule includes key milestones such as definition drilling, environmental studies, and completion of a Preliminary Economic Assessment (PEA) in Q4 2025. The project benefits from its proximity to the port of Stewart BC, offering low-cost bulk shipping access to Asia.
Scottie Resources (OTCQB: SCTSF) has filed its maiden NI 43-101 technical report for the Scottie Gold Mine Project in British Columbia. The report reveals an Inferred Mineral Resource Estimate of 703,000 ounces of gold at an average grade of 6.1 g/t gold.
The resource consists of 528,000 ounces at 8.7 g/t in underground resources and 174,000 ounces at 3.2 g/t in shallow pit-constrained resources. The project is optimized for Direct Shipping Ore (DSO), featuring a phased approach with initial open pit mining followed by underground development. The project benefits from existing infrastructure, including roads, proximity to deep-water shipping port, and nearby power lines.
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.