SCOTTIE RES CORP - SCTSF STOCK NEWS

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.

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.