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. reports exploration and development updates for gold properties in British Columbia's Golden Triangle, led by its 100%-owned Scottie Gold Mine Project. Recurring company news centers on drilling assays from the Blueberry Contact Zone and other high-grade zones, technical work tied to the historic Scottie Gold Mine, and project planning under the company's preliminary economic assessment.
Updates also cover Scottie's direct-ship ore development concept, ore sorting studies, feasibility work, environmental baseline studies, mine permitting, stakeholder and Indigenous engagement, and leadership changes. The company's broader property portfolio includes the Georgia Project and the Cambria, Sulu, and Tide North properties within the Stewart Mining Camp.
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.
Scottie Resources (TSXV: SCOT) (OTCQB: SCTSF) has announced the implementation of a 6:1 share consolidation effective December 3, 2024. The company's outstanding shares will reduce from 299,819,618 to approximately 49,970,000 common shares. Fractional shares of 0.5 or greater will be rounded up, while those below 0.5 will be rounded down. All outstanding warrants and stock options will be adjusted accordingly, with exercise prices increased by a factor of six and the number of shares issuable reduced by dividing by six.
Scottie Resources reported new drilling results from its Scottie Gold Mine project, highlighting significant gold intercepts including 8.30 g/t gold over 9.70 metres and 6.19 g/t gold over 8.70 metres. The drilling program targeted the O-, M-, and N Zones at the historic mine, with results planned for inclusion in the company's maiden Mineral Resource Estimate scheduled for Q1 2025. Notable intersections include drillhole SR24-330 with 10.30 g/t gold over 6.01m and SR24-327 with 26.1 g/t Au over 2.00m. The project is located 35 kilometres north of Stewart, BC.
Scottie Resources announces a 6:1 share consolidation, reducing outstanding shares from 299,819,618 to approximately 49,970,000. The company, with $7.5M CAD in cash, plans an aggressive marketing strategy and technical program for 2025. Key initiatives include releasing a maiden Mineral Resource Estimate in Q1 2025, conducting engineering studies, and exploring mining opportunities. The company is also evaluating divesture options for the Georgia Project, which has a historical resource estimate of 276,403 tonnes at 27.6 g/t gold. Management and advisors hold 16% ownership and support the consolidation strategy.
Scottie Resources has reported new assays from its 2024 drill program at the Scottie Gold Mine Project in British Columbia's Golden Triangle. Key highlights include intercepts of 8.78 g/t gold over 9.00 metres and 12.2 g/t gold over 3.47 metres at the Blueberry Contact Zone. The company also reported 12.0 g/t gold over 2.70 metres at a shallow depth of 17.5m in the Road vein zone. These results are part of the initial findings from their 10,000-metre drilling program, with more results pending. The company expects to release its maiden resource estimate in early Q2 2025.
Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) has announced its participation in the upcoming 121 Mining Investment Conference in New York City. The event, scheduled for October 21-22, will feature over 30 mining companies and more than 120 investors engaging in pre-arranged, targeted 1-2-1 meetings.
Brad Rourke, President & CEO of Scottie Resources, will be presenting the company's recent activities and future plans. The conference will also provide expert commentary and market intelligence on key industry developments. Investors interested in attending can register for a free pass through the provided link.
Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) has engaged Kevin Jennings as a strategic advisor. Jennings, a renowned international mining finance executive, brings expertise in financial management, reporting, and strategic corporate transactions. His experience includes leading the IPO of African Barrick Gold and holding senior roles at Barrick Gold, Xstrata Nickel, and Falconbridge.
Additionally, Kevin Jennings purchased 80,000 common shares at $0.175 per share, increasing his ownership to approximately 10.003% of Scottie's outstanding shares. The company has also granted 2,100,000 stock options to directors, officers, and consultants, exercisable at $0.165 per share for five years.
Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) has commenced its 2024 drill program on the Scottie Gold Mine Project in BC's Golden Triangle. The $4.5 million program aims to advance multiple areas, including the Scottie Gold Mine, Blueberry Contact Zone, and D-Zone targets. The initial budget includes about 6,000 metres of drilling across multiple targets.
The company is also expanding its TerraSpec program to assess deposits in the Scottie Gold Mine and their relation to the adjacent Texas Creek intrusive. Additionally, Scottie will conduct greenfield exploration on the Georgia Project, where a new showing was discovered in 2023, and field work on the Cambria Project.
The Blueberry Contact Zone, located 2 km northeast of the past-producing Scottie Gold Mine, has shown significant potential with high-grade gold intersections and a drilled strike length of 1,550 metres.
Scottie Resources Corp. outlines its 2024 exploration plan, with a budget of $4.5 million for expansionary drilling at Blueberry and D-Zone targets, defining a high-grade gold resource at the Scottie Gold Mine Project. The program includes robust TerraSpec spectroscopy focusing on the Texas Creek intrusive. President Brad Rourke emphasizes the aim to establish a resource at the mine and expand exploration success.
Summary not available.