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Drill Results Routine +

Scottie Resources Launches Largest Exploration Program in Company History, Kicking off Fully Funded 50,000 Metre Drill Campaign

Scottie Resources launches a 50,000m drill campaign to advance its Golden Triangle project toward a feasibility study.

By The Northwire Desk — AI Analysis Jun 16, 2026 · 07:31 SCOT · 2.25 Scottie Resources Corp.
Executive Summary
  • Scottie Resources Corp. has officially launched its 2026 exploration program, marking the largest in company history.
  • The campaign is fully funded at $26 million CAD and will execute a record 50,000-metre diamond drill program.
  • Primary targets include the Blueberry Contact Zone and the historic Scottie Gold Mine, focusing on expanding and upgrading high-grade gold resources.
  • Additional district targets include the Bend Vein, C and D Zones, Serac Vein, Lakebed area, and Domino target.
  • The Cambria Property will undergo its first-ever drill campaign (~2,000 metres).
  • Supporting activities include geotechnical, hydrogeological, and condemnation drilling, alongside extensive geophysical surveys and environmental baseline studies.
  • The program is strategically aligned to advance resource growth and conversion ahead of a planned Feasibility Study targeted for completion in the first half of 2027.
  • The release reiterates the Preliminary Economic Assessment (PEA) economics: Direct-Ship Ore (DSO) NPV(5%) of $215.8M–$668.3M CAD and a toll-milling scenario NPV(5%) of $380.1M–$831.7M CAD.
  • Current resource stands at 703,000 gold ounces at 6.1 g/t average grade (Inferred) in 3.6 million tonnes.
Material Impact
  • This announcement is a direct execution follow-up to the May 21, 2026 program announcement. The market was already aware of the $26M fully funded campaign.
  • The news confirms management's ability to mobilize seven drill rigs and execute a record-scale program without immediate capital raising, which de-risks near-term dilution.
  • Progression from the PEA (Oct 2025) to the Feasibility Study (H1 2027) remains on track. The drill program is explicitly designed to convert Inferred resources to Indicated/Measured categories, a critical step for bankability.
  • No new surprises or material changes to the project's economics, permitting status, or strategic direction. The impact is incremental and validates the company's operational momentum.
SCOT · Price
Company Overview
  • Scottie Resources is focused on the Scottie Gold Mine Project in British Columbia's Golden Triangle, a district-scale land package of ~58,500 hectares.
  • The company's strategy centers on a low-capital Direct-Ship Ore (DSO) model, which eliminates the need for a conventional processing plant and tailings facility, significantly reducing capex and environmental footprint.
  • The project features a phased mining approach: initial shallow open-pit mining at Blueberry, transitioning to underground production at the historic Scottie Mine.
  • The PEA outlines strong economics with an initial capital cost of $128.6M CAD, average annual production of ~65,400 oz Au over 7 years, and a rapid payback period of 0.9–1.7 years.
  • The company is advancing toward a Feasibility Study in H1 2027, supported by successful ore-sorting tests (XRT technology) and regulatory clarity.
Read the original news release →

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Scottie Resources de-risks high-grade DSO strategy with successful Phase 2 ore sorting as it pivots toward 2027 production goal.

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