Northwire Canada EditionThursday, August 6, 2026
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ARIC 0.880 +6.0% LUCA 0.930 −2.1% IVN 11.41 −0.2% HHH 4.30 +9.1% FMN 0.255 −3.8% OMM 0.060 +20.0% DYG 0.130 +0.0% GTC 0.710 +0.0% DLTA 0.175 −2.8% GOFL 0.025 +0.0% NVX 0.340 +70.0% TRCG 0.190 +0.0% LGO 0.950 −4.0% FL 0.440 +2.3% EAU 0.080 +0.0% LBNK 0.540 +10.2% ARIC 0.880 +6.0% LUCA 0.930 −2.1% IVN 11.41 −0.2% HHH 4.30 +9.1% FMN 0.255 −3.8% OMM 0.060 +20.0% DYG 0.130 +0.0% GTC 0.710 +0.0% DLTA 0.175 −2.8% GOFL 0.025 +0.0% NVX 0.340 +70.0% TRCG 0.190 +0.0% LGO 0.950 −4.0% FL 0.440 +2.3% EAU 0.080 +0.0% LBNK 0.540 +10.2%
Drill Results

Scottie Resources Delivers 8.43 g/t Gold over 11.40 M, Strengthening P-Zone Mineralization at Scottie Gold Mine Project

By The Northwire Desk — AI Analysis Dec 11, 2025 · 07:31 SCOT · 1.74 Scottie Resources Corp.
SCOT · Price

Executive Summary

  • Scottie Resources reported multiple high‑grade gold intercepts from its 2025 P‑Zone drilling program, including up to 41.1 g/t Au over 1 m.
  • The results support the company’s Preliminary Economic Assessment (PEA) and aim to convert inferred resources to indicated status while expanding the overall resource base.
  • The release also highlights a completed PEA indicating strong economics for a low‑capital Direct‑Ship Ore (DSO) operation, with after‑tax NPV(5%) of CAD 215.8 M (base case) and up to CAD 380.1 M under a toll‑milling scenario.

Key Details

  • Hole SR25‑384: 8.43 g/t Au over 11.40 m; includes 14.80 g/t Au over 6.00 m (27.55–33.55 m) and 41.1 g/t Au over 1.00 m (27.55–28.55 m).
  • Hole SR25‑389: 8.37 g/t Au over 4.0 m; includes a high‑grade interval of 29.0 g/t Au over 1.0 m (62.00–63.00 m).
  • Hole SR25‑391: 9.70 g/t Au over 1.25 m in the M‑Zone and 5.17 g/t Au over 1.00 m (145.70–146.75 m).
  • Additional intercepts across holes SR25‑387, SR25‑393 and others range from 1.07 to 3.51 g/t Au over various widths.
  • True widths not yet confirmed; intervals reported as measured depths.
  • Drilling objective: expand existing resource, increase geological confidence, and move resources from inferred to indicated category.
  • Follow‑up drilling continues at the Wolf Zone (results pending).
  • PEA (Bird et al., 2025) projects after‑tax NPV(5%) of CAD 215.8 M (base DSO case) and CAD 380.1 M (toll‑milling scenario) with IRR of 60.3% and 89.9%, respectively; initial capital cost CAD 128.6 M.
  • 2025 bulk sample program generated an estimated $9 M in new revenue, demonstrating the DSO model’s efficiency.

Notable Quotes

“The P‑Zone at the Scottie Gold Mine project continues to demonstrate strong, consistent mineralization,” said Dr. Thomas Mumford, President of the Company. “Our ability to accurately model the multiple high‑grade veins has been a key driver of this season's drilling success.”

Read the original news release →

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