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.
Company Overview
Scottie Resources Corp (SCTSF) is a Canadian junior mining company dedicated to the exploration and advancement of high-grade gold projects in the renowned Golden Triangle of British Columbia. The company owns a 100% interest in the historic Scottie Gold Mine Property that includes not only a past-producing gold mine but also the adjacent Blueberry Contact Zone and additional promising projects, such as the Georgia Project and Cambria Project. With a focus on expanding known mineralization near existing infrastructures and advancing near-mine high-grade targets, Scottie Resources leverages detailed geological studies and modern exploration techniques to build a potential resource base without speculating on future outcomes.
Exploration and Drilling Programs
The core of Scottie Resources’ operations is its vigorous exploration program. The company has consistently reported exceptional drill results across multiple zones, including high-grade discoveries in the Blueberry Contact Zone, the D Zone, P Zone, and more recently, the newly identified Wolf Zone. The ongoing exploration strategy uses both diamond drilling and fly-drilling methods to target complex, steeply dipping shear veins that are structurally linked to the Jurassic aged Texas Creek Plutonic suite intrusion.
Advanced Technical Initiatives
Scottie Resources employs state-of-the-art techniques such as the TerraSpec program for short-wave infrared spectroscopy, enabling the identification of mineralogical signatures that indicate proximity to high-grade ore shoots. This technical program, combined with systematic geological mapping, surficial sampling, and re-interpretation of historic core data, has provided a detailed understanding of the mineralized trends. The company further enhances its technical competence by engaging experienced market advisors and strategic financial professionals to guide its exploration and corporate initiatives.
Asset Portfolio and Geological Significance
Positioned within the mineral-rich Stewart Mining Camp in the Golden Triangle, Scottie Resources holds approximately 58,500 hectares of mineral claims. The company’s asset portfolio encompasses several historically productive sites as well as new areas with promising exploration potential. The spatial relationship between outcropping mineralization and drill-confirmed high-grade targets is well documented, supporting a genetic model where multiple deposits are linked to a singular mineralizing event. This integrated view of geology and structure enriches the company’s technical foundation and underscores its focus on resource advancement.
Quality Assurance and Operational Standards
Ensuring data integrity and methodological rigor is a cornerstone of Scottie Resources' operational philosophy. All sampling and assay procedures are conducted under stringent quality assurance protocols, often in partnership with accredited laboratories. Maintaining a secure chain-of-custody for all samples and employing standardized quantitative methods reinforces the credibility of the company’s technical data. This commitment underlines the company’s emphasis on expertise, experience, and transparency in its exploration activities.
Competitive Position and Market Context
Situated in one of the world's most prolific mineralized districts, Scottie Resources operates in a competitive landscape characterized by robust exploration activities. The company distinguishes itself through a comprehensive approach that integrates modern drilling techniques with detailed geological analysis. Furthermore, its strategic consolidation of shares and engagement with industry veterans have reinforced its operational ethos and enabled more focused marketing initiatives. These deliberate actions underscore the company’s commitment to unlocking the latent potential of its historical assets while pursuing new high-grade targets.
Investor-Oriented Insights
Scottie Resources provides a significant case study within the junior mining sector by merging historical asset performance with innovative exploration techniques. Although in the exploration stage, its methodical approach to expanding known mineralization supports the narrative of technical expertise and operational rigor. Investors and analysts benefit from understanding the company’s detailed exploration process, its adherence to high-quality sampling protocols, and its strategic positioning in a geologically favorable region.
Summary
In summary, Scottie Resources Corp demonstrates a commitment to leveraging advanced exploration methods in a highly competitive and prolific gold mining district. Its focus on quality drilling, rigorous technical programs, and a diverse portfolio of exploration targets makes it a noteworthy example of a junior mining company with a solid foundation in both science and operational execution. The comprehensive integration of geological, technical, and strategic insights ensures that the company's information remains timely, detailed, and relevant for long-term research and analysis.
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.
Scottie Resources (TSXV: SCOT, OTCQB: SCTSF) has engaged ICP Securities Inc. to provide automated market making services, including the use of their proprietary ICP Premium™ algorithm. The agreement, starting December 12, 2024, has an initial term of four months with automatic one-month renewals thereafter, unless either party provides 30 days notice. ICP will receive a monthly fee of C$7,500 plus taxes. The service aims to correct temporary supply and demand imbalances in Scottie's shares, with ICP bearing all costs related to buying and selling activities. No performance factors, stock options, or additional compensation are included in the agreement.
Scottie Resources (SCTSF) has reported significant new drilling results from its Scottie Gold Mine project, including the discovery of a new zone. The key findings include:
The newly discovered Wolf Zone yielded 6.85 g/t gold over 5.85 metres, including 19.4 g/t gold over 2.00 metres. Additionally, drilling intercepted a high-grade N Zone result of 37.6 g/t gold over 4.1 metres.
The discovery was made through drill hole SR24-353, which tested previously unexplored areas south of the historic mine. The project is located 35 kilometres north of Stewart, BC, along the Granduc Road. The company plans follow-up drilling of the Wolf Zone in 2025.
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.
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