Scottie Resources Intercepts 9.7 g/t Gold over 18.00 m and 26.2 g/t Gold over 2.45 m at Blueberry Contact Zone at Scottie Gold Mine Project, BC
High-grade gold intercepts, budget-efficient drilling and prior PEA economics support the growth case ahead of a planned 2027 Feasibility Study.
Rhea-AI Summary
Scottie Resources (SCTSF) reported first 2026 drill assays from the Blueberry and Lemoffe vein zones at its Scottie Gold Mine Project in BC.
Highlights include drillhole SR26-492 with 9.7 g/t gold over 18.00 m, including 40.4 g/t over 2.0 m and a further 15.9 g/t over 2.0 m at the Lemoffe sub‑zones. Hole SR26-489 returned 26.2 g/t gold over 2.45 m, and hole SR26-490 intersected 14.6 g/t gold over 2.45 m in the Blueberry vein.
More than 40,000 m of drilling in 160 holes have been completed in 2026, with an additional 12,000–16,000 m expected within the existing budget due to lower-than-planned drilling costs. Eight diamond drills are operating, and most assays are still pending.
The current inferred Mineral Resource Estimate is 703,000 oz gold at 6.1 g/t in 3.6 Mt, excluding 2025 and 2026 drilling, and an updated MRE with a Feasibility Study is targeted for H1 2027. A 2025 PEA outlined an after-tax NPV(5%) of $215.8–$668.3 million for a DSO case and $380–$832 million under a toll-milling scenario, with initial capex of $129 million and average production of about 65,400 oz/year over seven years.
Positive
- SR26-492 hit 9.7 g/t Au over 18.00 m, including 40.4 g/t over 2.0 m
- SR26-489 returned 26.2 g/t Au over 2.45 m at Lemoffe zone
- SR26-490 intersected 14.6 g/t Au over 2.45 m at Blueberry vein
- Over 40,000 m drilled in 160 holes in 2026, with 12,000–16,000 m more expected within budget
- Current inferred MRE totals 703,000 oz Au at 6.1 g/t in 3.6 Mt
- 2025 PEA after-tax NPV(5%) ranges $215.8–$668.3M (DSO) at US$2,600–$4,200/oz
- Toll-milling PEA case after-tax NPV(5%) $380–$832M at US$2,600–$4,200/oz
- PEA estimates initial capex of $129M and ~65,400 oz/year Au over seven years
- PEA indicates after-tax payback of 1.7 years, reduced to 0.9 years in toll-milling case at US$2,600/oz
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report its first assays from its 2026 drill program, including multiple high-grade gold intercepts on its Blueberry and Lemoffe vein zones. The reported drilling is from the road accessible Scottie Gold Mine Project, which includes the
The results reported in this release represent the first batch of received holes from the 2026 season, which is expected to be in the order of 52,000 to 56,000 total metres.
The 2026 drilling program is focused on three key objectives: upgrading inferred ounces to indicated through infill drilling, expanding known vein zones, and testing major step-outs and new targets.
Given the parallel nature of the vein zones within the Blueberry Contact Zone, individual drill holes can often achieve both resource expansion and confidence-building objectives. Figures 1-4 illustrate the location of completed and currently reported drilling relative to the modelled vein zones.
Highlights
Blueberry Contact drillhole SR26-492 intersected 9.7 grams per tonne (g/t) gold over 18.00 metres (m), including 40.4 g/t gold over 2.0 m at the Lemoffe vein zone. The hole also intercepted an additional Lemoffe vein grading 15.9 g/t gold over 2.0 m (Table 1, Figures 1,2).
Blueberry Contact drillhole SR26-489 intersected 26.2 g/t gold over 2.45 m at the Lemoffe vein zone (Table 1, Figures 1,3).
Blueberry Contact drillhole SR26-490 intersected 14.6 g/t gold over 2.45 m at the Blueberry vein zone (Table 1, Figures 1,4).
More than 40,000 m of drilling this season has been completed in 160 holes, with an additional 12,000 to 16,000 m forecasted to be completed within the existing budget due to better-than-expected drilling productivity. Four drill holes are reported in this news release with assays pending, results will be reported throughout the remainder of the year as received.
Eight diamond drills are currently turning; seven on the Scottie Gold Mine Project and one on Cambria Project.
"We are very encouraged by the first results from our 2026 drill program, which provide an excellent start to what is shaping up to be an exciting exploration season," commented Dr. Thomas Mumford, President and CEO. "In addition to drilling, the two geophysical surveys over the project are also wrapping up and will provide valuable context to some of our new drill targets generated and tested this year.
"Importantly, the drill program is performing exceptionally well operationally, with drilling costs tracking below budget, exceeding our initial expectations. As a result, we now expect to drill more metres than originally planned within our existing exploration budget. With eight rigs continuing to turn and the majority of the assays still pending, we look forward to maintaining this momentum as we advance the program towards a Feasibility Study in H1 2027."
Table 1: Highlight results from new drill assays (uncut) from the Blueberry Contact Zone
| Drill Hole | From (m) | To (m) | Length (m)1 | Gold (g/t) | Silver (g/t) | Sub Zone |
| SR26-489 | 280.80 | 283.25 | 2.45 | 26.2 | 28 | Lemoffe |
| SR26-490 | 83.00 | 84.00 | 1.00 | 1.4 | 4 | Road |
| and | 116.00 | 118.50 | 2.50 | 2.4 | - | Road |
| and | 172.00 | 173.00 | 1.00 | 1.9 | 2 | Blueberry |
| and | 227.00 | 229.45 | 2.45 | 14.6 | 3 | Blueberry |
| and | 306.00 | 312.00 | 6.00 | 1.2 | - | Blueberry |
| SR26-492 | 173.00 | 185.50 | 12.50 | 1.3 | - | Lemoffe 1 |
| Incl. | 173.00 | 176.00 | 3.00 | 3.1 | - | Lemoffe 1 |
| and | 186.50 | 204.50 | 18.00 | 9.7 | 7 | Lemoffe 2+3 |
| incl. | 186.50 | 188.50 | 2.00 | 40.4 | 39 | Lemoffe 2 |
| incl. | 186.50 | 187.50 | 1.00 | 78.5 | 70 | Lemoffe 2 |
| incl. | 195.50 | 202.50 | 7.00 | 11.5 | 4 | Lemoffe 3 |
| incl. | 201.50 | 202.50 | 1.00 | 56.8 | 13 | Lemoffe 3 |
| and | 233.50 | 235.50 | 2.00 | 15.9 | 17 | Lemoffe 4 |
| SR26-493 | 103.35 | 104.70 | 1.35 | 1.7 | - | Blueberry |
| and | 183.15 | 184.15 | 1.00 | 1.7 | - | Blueberry |
| 1Core Length - true width of the intervals has not yet been established by drilling | ||||||
The project's published Mineral Resource Estimate ("MRE") was released in early May 2025, which outlined an inferred MRE of 3.6 million tonnes grading 6.1g/t Au for a total of 703k gold (see NR dated May 7, 2025; Bird S., June 20, 2025, Scottie Gold Mine Project, SEDAR+). The resource does not include the 27,000 m of diamond drilling that was completed in the summer of 2025, nor the >50,000 m program currently underway on the Scottie Gold Mine Project. These new results will be incorporated into an updated Mineral Resource Estimate (MRE) that is planned for release in the first half of 2027 concurrently with a Feasibility Study on the project.
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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 mineralization 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 of accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313500
FAQ
What are the main objectives of Scottie Resources’ 2026 drill program?
The 2026 drill program is focused on three objectives: upgrading inferred ounces to indicated through infill drilling, expanding known vein zones, and testing major step‑outs and new targets within the Scottie Gold Mine Project, particularly at the Blueberry Contact Zone.
How extensive is the 2026 drilling campaign and how many rigs are operating?
More than 40,000 m of drilling across 160 holes have been completed so far in 2026, with an additional 12,000–16,000 m forecast within the existing budget. There are eight diamond drills currently operating: seven on the Scottie Gold Mine Project and one on the Cambria Project.
What is the current Mineral Resource Estimate for the Scottie Gold Mine Project?
The published Mineral Resource Estimate from May 2025 outlines an inferred resource of 3.6 million tonnes grading 6.1 g/t gold for a total of 703,000 ounces of gold. This estimate does not include the 27,000 m drilled in 2025 or the ongoing >50,000 m program.
When is the updated Mineral Resource Estimate and Feasibility Study expected?
The company plans to incorporate the 2025 and 2026 drilling into an updated Mineral Resource Estimate that is targeted for release in the first half of 2027, concurrently with a Feasibility Study on the Scottie Gold Mine Project.
What development scenario did the 2025 PEA outline for the Scottie Gold Mine?
The 2025 PEA evaluates an ore sorting and Direct‑Ship Ore (DSO) development scenario, with additional upside through a potential toll‑milling option using excess capacity at the nearby Premier mill. The base case DSO after‑tax NPV(5%) ranges from $215.8 million to $668.3 million at gold prices of US$2,600–$4,200/oz, while the toll‑milling scenario yields an after‑tax NPV(5%) of $380–$832 million over the same price range.
What are the key PEA operating and capital metrics for the Scottie Gold Mine Project?
The PEA estimates initial capital costs of $129 million, average annual production of approximately 65,400 oz of gold over seven years, and an after‑tax payback period of 1.7 years for the DSO case at US$2,600/oz. Under the toll‑milling opportunity at the same gold price, the after‑tax payback period is reduced to 0.9 years.
How are assay quality and QA/QC procedures managed for the 2026 drilling?
2026 samples are analyzed at SGS Minerals in Burnaby, BC. Drill core, mainly NQ diameter with some HQ for geomechanical purposes, is cut lengthwise, with half sent for assay and half retained in Stewart, BC. Standards, blanks and duplicates are inserted at frequencies that the company states meet or exceed industry best practices, and a secure chain of custody is maintained. Gold is assayed by fire assay with atomic absorption spectrometry, with gravimetric finish for results above 9 g/t, and four‑acid digestion with ICP‑AES is used for multi‑element analysis, with over‑limits re‑analyzed by emission spectrometry.