Scottie Resources Hits 6.0 g/t Gold over 21.20 m and 14.4 g/t Gold over 8.00 m at Blueberry Contact Zone
Lemoffe drilling intersected gold within the existing mine plan, while Blueberry 5 and Fifi 2 results extend beyond prior drilling.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Scottie Resources (SCTSF) reported additional gold drill results from the Blueberry Contact Zone at its Scottie Gold Mine Project. Hole SR26-539 returned 6.0 grams per tonne (g/t) gold over 21.20 metres at Lemoffe 4, while SR26-513 intersected 14.4 g/t over 8.00 metres at Lemoffe 1, both within the existing preliminary economic assessment mine plan. Blueberry 5 returned 9.8 g/t over 9.00 metres and 19.9 g/t over 3.00 metres; Fifi 2 returned 11.7 g/t over 3.65 metres and 11.6 g/t over 2.00 metres.
The completed 2026 program covered 61,578 metres across 227 holes, with most assay results still outstanding. Scottie plans an updated mineral resource estimate and feasibility study for early in the first half of 2027. The current inferred resource—an estimate with limited geological confidence—contains 703,000 gold ounces and excludes the 2025 and 2026 drilling programs.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointLemoffe 4 hole SR26-539 returned 6.0 g/t gold over 21.20 m within the existing mine plan.
- Moderate pointLemoffe 1 hole SR26-513 intersected 14.4 g/t gold over 8.00 m within the existing mine plan.
- Minor pointBlueberry 5 hole SR26-495 returned 9.8 g/t gold over 9.00 m, including 62.8 g/t over 1.00 m.
- Minor pointBlueberry 5 hole SR26-502 returned 19.9 g/t gold over 3.00 m, expanding the vein about 20 m.
- Minor pointFifi 2 hole SR26-499 intersected 11.7 g/t gold over 3.65 m, about 35 m beyond the nearest intercept.
6 minor points
- Minor pointFifi 2 hole SR26-495 returned 11.6 g/t gold over 2.00 m, about 115 m down-dip beyond previous drilling.
- Minor pointBlueberry 2 hole SR26-548 returned 9.3 g/t gold over 5.10 m within the proposed open-pit shell.
- Minor pointRoad 1 hole SR26-502 returned 7.3 g/t gold over 4.00 m within the proposed open-pit shell.
- Minor pointLemoffe 3 hole SR26-549 intersected 5.7 g/t gold over 5.85 m in the vein's upper portion.
- Minor pointThe 2026 drilling program completed 61,578 metres across 227 holes.
- Minor point. Forward-looking: it has not happened yet and may not happen.Scottie plans an updated resource estimate and feasibility study for early in the first half of 2027.
Negative
- Minor pointMost assay results from the 2026 drilling program remain outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Broad, High-Grade Gold Intercepts Continue to Demonstrate High Grade Continuity and Expansion Potential at the Blueberry Contact Zone
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report additional high-grade gold intercepts from its 2026 drilling at the Blueberry Contact Zone within the Scottie Gold Mine Project. The road-accessible Scottie Gold Mine Project, which includes the
This latest 2026 drill results reinforce the strength and growth potential of Scottie's gold system confirming broad high-grade mineralisation across the Lemoffe, Blueberry, Fifi, and Road vein systems. High-grade infill intercepts at Lemoffe 1 and Lemoffe 4 strengthen confidence in the existing Preliminary Economic Assessment ("PEA") mine plan, while extensions Blueberry 5 and Fifi 2 highlight significant resource expansion potential beyond the currently defined mineralized envelope.
The 2026 drilling program at the Scottie Gold Mine Project has concluded, with 61,578 metres ("m") drilled across 227 holes and most of assay results still outstanding. Results from the program will inform the Company's updated Mineral Resource Estimate ("MRE") and Feasibility Study, both planned for the early first half of 2027. Figures 1-8 illustrate the reported drilling relative to the modelled vein zones.
Investors are encouraged to visit our website www.scottieresources.com to view the interactive 3D model showing the distribution of these released holes relative to modeled geology and prior drilling results.
Highlights
Broad gold mineralisation intersected at Lemoffe 4: Hole SR26-539 returned 6.0 grams per tonne (g/t) gold over 21.20 m, including 18.9 g/t gold over 3.35 m and 6.4 g/t gold over 7.40 m within the existing 2025 PEA mine plan, reinforcing grade and continuity of gold mineralisation (Table 1, Figures 1 and 2)
High-grade infill results at Lemoffe 1: Hole SR26-513 intersected 14.4 g/t gold over 8.00 m, including 24.1 g/t gold over 3.75 m, within the existing PEA mine plan in the upper portion of Lemoffe 1 (Table 1, Figures 1 and 3).
High-grade gold intercepts expand Blueberry 5: Hole SR26-495 returned 9.8 g/t gold over 9.00 m, including 62.8 g/t gold over 1.00 m, approximately 75 metres in the lower part of the Blueberry 5 vein. Likewise, Hole SR26-502 intersected 19.9 g/t gold over 3.00 m, expanding the vein about 20 m on the opposite side of the SR26-495 intercept. Both highlight the potential to add high-grade mineralisation to the updated resource (Table 1, Figures 1 and 4).
High-grade mineralisation continues at Fifi 2: Hole SR26-499 intersected 11.7 g/t gold over 3.65 m, including 20.3 g/t gold over 1.70 m on Fifi 2, about 35 m outboard of the nearest pierce point. Hole SR26-495 also returned 11.6 g/t gold over 2.00 m along about 115 m down-dip of the previous deepest piece point, further demonstrating the significant upside potential of this vein (Table 1, Figures 1 and 6).
Additional gold intercepts across Blueberry, Road, and Lemoffe: Hole SR26-548 returned 9.3 g/t gold over 5.10 m, including 31.2 g/t gold over 1.10 m, at Blueberry 2 within the proposed PEA open-pit shell. Hole SR26-502 returned 7.3 g/t gold over 4.00 m at Road 1, also within the proposed PEA open-pit shell, while hole SR26-549 intersected 5.7 g/t gold over 5.85 m, including 11.3 g/t gold over 1.45 m, in the upper portion of Lemoffe 3 (Table 1, Figures 1, 5, 7 and 8).
"These latest results demonstrate the strong combination of grade, width and continuity at Lemoffe, reinforcing confidence in the existing mine plan and supporting conversion of Inferred resources ahead of the Feasibility study," commented Dr. Thomas Mumford, President and CEO. "Equally encouraging are high-potential grade intercepts beyond the current mine design, highlighting further resource growth potential. With a substantial portion of our 2026 drill results still pending, we see significant opportunity to further enhance the mine's economics in the Feasibility study."
Table 1: Selected drill assay results (uncut) from the Blueberry Contact Zone
| Drill Hole | From (m) | To (m) | Length (m)1 | Gold (g/t) | Silver (g/t) | Sub Zone |
| SR26-495 | 301.00 | 310.00 | 9.00 | 9.8 | 49 | Blueberry 5 |
| incl. | 309.00 | 310.00 | 1.00 | 62.8 | 6 | Blueberry 5 |
| and | 321.00 | 325.00 | 4.00 | 1.7 | 1 | Blueberry 5 |
| and | 401.10 | 403.10 | 2.00 | 11.6 | 14 | Fifi 2 |
| SR26-499 | 353.35 | 357.00 | 3.65 | 11.7 | 4 | Fifi 2 |
| incl. | 353.35 | 355.05 | 1.70 | 20.3 | 6 | Fifi 2 |
| SR26-502 | 20.00 | 24.00 | 4.00 | 7.3 | 7 | Road 1 |
| incl. | 20.00 | 21.00 | 1.00 | 12.0 | 13 | Road 1 |
| and | 238.00 | 241.00 | 3.00 | 1.3 | - | Road 1 |
| and | 250.00 | 253.00 | 3.00 | 19.9 | - | Blueberry 5 |
| SR26-513 | 96.00 | 104.00 | 8.00 | 14.4 | 30 | Lemoffe 1 |
| incl. | 99.00 | 102.75 | 3.75 | 24.1 | 48 | Lemoffe 1 |
| and | 174.00 | 180.00 | 6.00 | 2.1 | 2 | Lemoffe 4 |
| SR26-518 | 51.90 | 58.95 | 7.05 | 2.2 | 9 | Lemoffe 1 |
| and | 129.00 | 130.00 | 1.00 | 1.3 | 3 | 'Orphan' |
| and | 135.00 | 136.00 | 1.00 | 2.5 | 6 | Lemoffe 1 |
| and | 230.85 | 232.30 | 1.45 | 1.3 | 1 | 'Orphan' |
| and | 263.00 | 264.00 | 1.00 | 5.0 | 23 | 'Orphan' |
| SR26-521 | 48.25 | 49.65 | 1.40 | 2.2 | 60 | Bend |
| SR26-539 | 244.70 | 246.80 | 2.10 | 2.5 | 52 | Lemoffe 4 |
| and | 271.00 | 292.20 | 21.20 | 6.0 | 2 | Lemoffe 4 |
| incl. | 274.00 | 277.35 | 3.35 | 18.9 | 3 | Lemoffe 4 |
| incl. | 284.80 | 292.20 | 7.40 | 6.4 | 5 | Lemoffe 4 |
| SR26-548 | 50.90 | 56.00 | 5.1 | 9.3 | 5 | Blueberry 2 |
| incl. | 50.90 | 52.00 | 1.1 | 31.2 | 16 | Blueberry 2 |
| SR26-549 | 94.35 | 95.35 | 1.00 | 1.3 | 30 | 'Orphan' |
| and | 171.00 | 176.85 | 5.85 | 5.7 | 8 | Lemoffe 3 |
| incl. | 173.40 | 174.85 | 1.45 | 11.3 | 13 | Lemoffe 3 |
| SR26-558 | 58.00 | 59.25 | 1.25 | 6.9 | 3 | 'Orphan' |
| and | 67.00 | 68.25 | 1.25 | 6.3 | 8 | 'Orphan' |
| and | 78.00 | 80.00 | 2.00 | 8.5 | 4 | Lemoffe 1 |
| 1Core Length; true width of the intervals has not yet been established by drilling but are estimated to be | ||||||
The project's current Mineral Resource Estimate ("MRE"), announced on May 7, 2025, comprises an Inferred Mineral Resource of 3.6 million tonnes grading 6.1 g/t gold, containing 703,000 ounces of gold (see NR dated May 7, 2025; Bird, S., June 20, 2025, Scottie Gold Mine Project, SEDAR+). The current MRE does not incorporate approximately 27,000 metres of diamond drilling completed in 2025 or the more than 60,000 metres completed during the 2026 program. Results from these programs will inform an updated Mineral Resource Estimate and Feasibility Study, both planned for the first half of 2027.
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Quality Assurance and Control
Results from samples taken during the 2026 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program is undertaken under the direction of Lyle Hansen. The majority of drill core is NQ in diameter, with select holes of HQ size primarily taken for geomechanical purposes. Prior to sampling drill core is cut in half lengthwise, with half sent for assay and the remaining half kept in Stewart, BC. Standards, blanks, and duplicate samples were taken at intervals and frequencies that meet or exceed industry best practices. A secure chain of custody is maintained in transporting and storing all samples. Gold is assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-AES analysis is conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.
Lyle Hansen, P.Geo., Resource Geologist for Scottie Resources Corp., is non-independent and a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical information contained in this news release.
ABOUT SCOTTIE RESOURCES CORP.
Scottie Resources holds
Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 million tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The Company's strategy is to continue expanding this resource and to define additional mineralisation around past-producing mines through systematic drilling and surface exploration.
The Company has recently completed a PEA for the Scottie Gold Mine (Bird et al., October 28, 2025, Scottie Gold Mine Project, SEDAR+). The PEA outlines a robust ore sorting and Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV(
Additional Information
Brad Rourke
Executive Chairman
+1 250 877 9902
brad@scottieresources.com
Forward-Looking Statements
This news release may contain forward‐looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/322451
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Scottie Resources' main Lemoffe gold drilling results?
Hole SR26-539 returned 6.0 g/t gold over 21.20 m at Lemoffe 4, and SR26-513 returned 14.4 g/t over 8.00 m at Lemoffe 1. Both intercepts fall within the existing preliminary economic assessment mine plan.
When does Scottie Resources plan to update its resource estimate and feasibility study?
Scottie plans the updated mineral resource estimate and feasibility study for early in the first half of 2027. Results from the 2025 and 2026 drilling programs will inform the updates.
Are Scottie Resources' Blueberry drill intervals true widths?
The reported intervals are core lengths, not established true widths. True widths are estimated at 70% to 100% of core length based on the angles at which the drill core intersects mineralisation.