Scottie Resources Announces Completion of 27,309 Metre 2025 Drill Program and Appointment of Brent Omland, CEO of Ocean Partners, to Board of Directors
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On October 23, 2025, Scottie Resources announced the completion of its 2025 diamond drill program, which totaled 27,309 metres. The program focused on testing priority targets within the Blueberry Contact Zone.
Concurrently, the company announced the appointment of Brent Omland, the Chief Executive Officer of strategic partner Ocean Partners, to its Board of Directors. In connection with his appointment, Mr. Omland was granted 50,000 Deferred Share Units (DSUs). Management highlighted Mr. Omland's extensive experience in mining, metals, and finance as being instrumental for advancing the company's Direct Shipping Ore (DSO) project towards development and production.
This announcement is a routine operational update combined with a strategic governance enhancement, rendering it a net positive for the company.
The completion of the 27,309-metre drill program is an important operational milestone. The total meterage slightly exceeds the previously guided "more than 25,000 m" (news from October 9 and September 8, 2025), demonstrating solid execution. While the completion of the program was expected, it officially closes the exploration phase for the season and shifts the market's focus to the forthcoming assay results, which will be critical for the next resource update and the Preliminary Economic Assessment (PEA).
The more significant aspect of this news is the appointment of Brent Omland to the board. In July 2025, Scottie announced a comprehensive strategic partnership with Ocean Partners, which included a 100% offtake agreement, a $25 million (USD) construction loan facility, and a lead order in the subsequent financing. Placing the CEO of this crucial partner on the board is a powerful vote of confidence and a logical next step. It deeply aligns the interests of both companies and provides Scottie with direct access to top-tier expertise in metals trading and logistics, which is paramount to the success of their proposed DSO model. This appointment materially de-risks the commercial and project financing aspects of the company's transition from explorer to producer.
While the news doesn't contain new drill results or economic data, it confirms the company is on track with its operational plans and is successfully cementing the key strategic relationship that underpins its entire development strategy. It meets expectations and strengthens the overall investment case.
Scottie Resources is a Canadian exploration company focused on its 100%-owned Scottie Gold Mine Project in British Columbia's Golden Triangle. The project includes the past-producing, high-grade Scottie Gold Mine and the nearby Blueberry Contact Zone.
The company's strategy is to fast-track the project to production via a low-capital expenditure Direct Shipping Ore (DSO) model. This plan involves mining and crushing high-grade material on-site, potentially upgrading it with ore-sorting technology, and shipping it as a concentrate to Asian smelters. This approach bypasses the need for a capital-intensive processing plant and tailings facility.
On May 7, 2025, the company announced a maiden inferred mineral resource estimate of 703,000 ounces of gold at an average grade of 6.1 g/t. The company is advancing towards a PEA targeted for Q4 2025.