Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Scottie Resources Launches Major 2026 Growth Campaign with 50,000 Metre Drill Program at Scottie Gold Mine Project

Scottie Resources Commits $26M to Drill Program as Feasibility Study Nears

By The Northwire Desk — AI Analysis May 21, 2026 · 07:31 SCOT · 2.23 Scottie Resources Corp.
Executive Summary
  • Scottie Resources Corp. announced its largest exploration program in company history, consisting of approximately 52,000 metres of diamond drilling for the 2026 season.
  • The program is fully financed with a budget of $26 million and focuses on the Scottie Gold Mine Project (50,000m) and Cambria Property (2,000m).
  • Drilling is scheduled from June through October 2026 using seven drill rigs.
  • The campaign includes large-scale geophysical surveys (3DIP, MT, LiDAR) and environmental baseline studies to support a potential Feasibility Study.
  • Key targets include the Blueberry Contact Zone for infill and expansion drilling, historic zones (L, M, N), and new targets like Bend Vein and Domino target.
  • The company states it is fully financed ($26M flow-through funds) to execute this program following its strongest drill season to date in 2025.
Material Impact
  • Funding Security: The announcement confirms the $26 million budget is secured, likely utilizing proceeds from the December 2025 financing ($24.2M) and Ocean Partners loan facility. This removes immediate dilution risk associated with raising new capital for exploration.
  • Execution Milestone: This represents a critical execution step following the October 2025 PEA release. It validates management's ability to deploy capital toward resource conversion (Inferred to Indicated), which is necessary for bankability.
  • Incremental Nature: While significant in absolute terms, this program was anticipated given the PEA timeline and previous financing announcements. The market has already priced in the development path established by the Ocean Partners partnership and PEA economics.
  • No Surprise Discovery: The news focuses on planned drilling rather than new high-grade intercepts or resource additions, making it an operational update rather than a valuation re-rating event.
SCOT · Price
Company Overview
  • Company: Scottie Resources Corp. (TSXV: SCOT).
  • Flagship Project: Scottie Gold Mine Project in British Columbia's Golden Triangle (Stewart Mining Camp).
  • Strategy: Direct-Ship Ore (DSO) model utilizing ore sorting technology to eliminate conventional processing plants and reduce capital costs.
  • Land Package: ~58,500 hectares including 100% owned Scottie Gold Mine Project plus adjacent properties (Cambria, Georgia, Sulu).
  • Infrastructure: Access via 4-season road, deep-water shipping terminal within 40 km, existing power lines, and historic mine permit.
  • Resource Estimate: Inferred resource of 703,000 oz Au at 6.1 g/t (May 2025), split between underground (528k oz @ 8.7 g/t) and open-pit (174k oz @ 3.2 g/t).
Read the original news release →

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