Scottie Resources Reports 27.9 g/t Gold over 4.15 m and 51.6 g/t Gold over 2.25 m at Blueberry Contact Zone
The fully funded exploration program has completed more than 55,000 metres, with another 3,000 to 5,000 metres forecast within budget.
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 drilling results from the Blueberry Contact Zone at its Scottie Gold Mine Project.
Hole SR26-509 returned 27.9 grams per tonne gold over 4.15 metres at Lemoffe 1, including 65.0 grams per tonne over 1.65 metres. At Fifi 1+2, SR26-504 returned 51.6 grams per tonne over 2.25 metres, including 84.1 grams per tonne over 1.25 metres; SR26-545 returned 21.9 grams per tonne over 4.26 metres. SR26-494 intersected 5.2 grams per tonne over 6.00 metres at Blueberry 5.
More than 55,000 metres in 200 holes have been completed under the fully funded $26 million 2026 exploration program. Five drills remain active, and Scottie forecasts another 3,000 to 5,000 metres within the existing budget. The company plans an updated mineral resource estimate and a feasibility study in the first half of 2027.
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 1 drilling returned 27.9 g/t gold over 4.15 m, including 65.0 g/t over 1.65 m.
- Moderate pointFifi 1+2 drilling returned 51.6 g/t gold over 2.25 m, including 84.1 g/t over 1.25 m.
- Moderate pointThe fully funded $26 million 2026 exploration program has completed more than 55,000 m in 200 holes. 18% of market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.Scottie plans an updated mineral resource estimate and feasibility study concurrently in the first half of 2027.
- Minor pointSR26-545 returned 21.9 g/t gold over 4.26 m toward the modelled Fifi vein zone’s upper extent.
3 minor points
- Minor pointBlueberry 5 drilling extended mineralisation with 5.2 g/t gold over 6.00 m in SR26-494.
- Minor point. Forward-looking: it has not happened yet and may not happen.Scottie forecasts another 3,000 to 5,000 m of drilling within the existing budget.
- Minor point. Forward-looking: it has not happened yet and may not happen.Scottie targets resource expansion and conversion of inferred ounces to indicated through extension and denser drilling.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Drilling Continues to Expand and Confirm Continuity of Mineralisation at Several Zones
Vancouver, British Columbia--(Newsfile Corp. - October 14, 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 second batch results from the 2026 drill season continues to expand and confirm the continuity of mineralisation, including multiple high-grade intercepts across the Fifi, Lemoffe and Blueberry vein zones. The results support two key objectives of the 2026 drilling program: increasing drill density within the existing resource to convert of inferred ounces to indicated and testing extensions of known mineralisation to expand established vein zones. Figures 1-5 illustrate the location of completed and currently 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
- High-grade gold continues to be delivered at Blueberry Contact: hole SR26-509 returned 27.9 grams per tonne (g/t) gold over 4.15 metres (m), including 65.0 g/t gold over 1.65 m, at the Lemoffe 1 vein (Table 1, Figures 1 and 2).
- Significant grades at Fifi: hole SR26-504 returned 51.6 g/t gold over 2.25 m, including 84.1 g/t gold over 1.25 m, further highlighting the high-grade at the Fifi vein zone (Table 1, Figures 1 and 3).
- Strong resource expansion potential: hole SR26-545, returned 21.9 g/t gold over 4.26 m toward the upper extent of the modelled Fifi vein zone supporting continued expansion of the known mineralisation (Table 1, Figures 1 and 3).
- Additional high-grade at Blueberry 5: hole SR26-494 intersected 5.2 g/t gold over 6.00 m extending mineralisation withing the Blueberry 5 vein zone (Table 1, Figures 1 and 5).
- Major 2026 exploration campaign advancing: More than 55,000 m of drilling in 200 holes has now been completed as part of the Company's fully funded
$26 million 2026 exploration program, with a further 3,000 to 5,000 m forecast to be completed within the existing budget.
- Five drills turning: Exploration remains fully active with five diamond drills currently turning, including four skid-mounted and one helicopter-supported rig, continuing to test both resource expansion and high-grade vein extensions.
"We're extremely encouraged by these results and the continued strength of the Blueberry Contact Zone," commented Dr. Thomas Mumford, President and CEO. "We are seeing a compelling combination of high-grade gold from infill drilling and strong results beyond current resource, demonstrating both the quality and growth potential of this important part of the Scottie Mine Project. With multiple high-grade intercepts extending beyond the current PEA mine plan, Blueberry Contact continues to emerge as a significant opportunity to add ounces and expand the mine plan. With five drills turning and the 2026 program advancing rapidly, we are well positioned to continue unlocking the potential of this significant high-grade system ahead of our next resource update."
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 |
| SR26-488 | 382.95 | 384.10 | 1.15 | 2.5 | 8 | Fifi 2 |
| and | 410.40 | 412.00 | 1.60 | 1.4 | 3 | Lemoffe 4 |
| SR26-494 | 221.00 | 227.00 | 6.00 | 5.2 | 1 | Blueberry 5 |
| and | 377.10 | 379.05 | 1.95 | 1.5 | - | Fifi 2 |
| SR26-498 | 45.00 | 48.00 | 3.00 | 6.9 | 6 | 'Orphan' |
| and | 197.00 | 202.00 | 5.00 | 3.0 | 8 | Lemoffe 1+4 |
| and | 210.00 | 213.00 | 3.00 | 0.1 | 2 | Lemoffe 3 |
| and | 232.50 | 234.00 | 1.50 | 1.0 | 4 | Lemoffe 1 |
| and | 261.20 | 262.50 | 1.30 | 1.2 | - | 'Orphan' |
| SR26-500 | 132.67 | 134.00 | 1.33 | 7.4 | 5 | Blueberry 1 |
| SR26-501 | 146.00 | 149.00 | 3.00 | 1.7 | - | Lemoffe 4 |
| SR26-504 | 87.00 | 89.00 | 2.00 | 1.4 | 5 | 'Orphan' |
| and | 210.6 | 212.85 | 2.25 | 51.6 | 12 | Fifi 1+2 |
| incl. | 211.6 | 212.85 | 1.25 | 84.1 | 17 | Fifi 1+2 |
| and | 281.00 | 282.00 | 1.00 | 1.4 | - | Lemoffe 4 |
| SR26-509 | 144.50 | 148.65 | 4.15 | 27.9 | 10 | Lemoffe 1 |
| incl. | 147.00 | 148.65 | 1.65 | 65.0 | 24 | Lemoffe 1 |
| and | 205.00 | 207.00 | 2.00 | 3.6 | 22 | Lemoffe 3+4 |
| SR26-519 | 99.00 | 102.00 | 3.00 | 1.0 | - | 'Orphan' |
| and | 191.00 | 195.00 | 4.00 | 1.2 | - | Blueberry 3 |
| and | 245.50 | 247.00 | 1.50 | 1.0 | - | Blueberry 4 |
| SR26-520 | 46.55 | 48.00 | 1.45 | 4.2 | 26 | Bend |
| SR26-545 | 64.00 | 65.00 | 1.00 | 3.0 | 3 | 'Orphan' |
| and | 83.00 | 86.00 | 3.00 | 1.2 | 2 | Fifi 1 |
| and | 142.40 | 146.66 | 4.26 | 21.9 | 8 | Fifi 1+2 |
| 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 >55,000 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 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/318855
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were Scottie Resources’ highlighted Blueberry Contact Zone gold drilling results?
Highlighted results included 27.9 g/t gold over 4.15 m at Lemoffe 1 and 51.6 g/t gold over 2.25 m at Fifi 1+2. SR26-545 also returned 21.9 g/t gold over 4.26 m at Fifi 1+2, while SR26-494 returned 5.2 g/t gold over 6.00 m at Blueberry 5.
When does Scottie Resources plan its next resource estimate and feasibility study?
Scottie plans to release an updated mineral resource estimate concurrently with a feasibility study in the first half of 2027. The new drilling results will be incorporated into the resource update.
Does Scottie Resources’ existing resource estimate include its 2025 and 2026 drilling?
The existing resource estimate excludes 27,000 m of diamond drilling completed in summer 2025 and the more than 55,000 m program underway in 2026. Released in early May 2025, the estimate contains 703,000 gold ounces in the inferred category, comprising 3.6 million tonnes grading 6.1 g/t gold.