Scottie Resources drills 4.6 m of 16.1 g/t Au in B.C.

Executive Summary

• Scottie Resources Corp. reported significant high-grade gold intercepts from its 2025 drilling program at the Scottie Gold Mine Project in British Columbia, including a major discovery in the Fifi zone and a new vein discovery in the Bend area.
• The results demonstrate resource expansion potential within the existing open-pit shell defined in the Preliminary Economic Assessment (PEA), specifically highlighting the Road zone intercepts outside the current resource model.
• The company continues to validate its Direct Ship Ore (DSO) strategy, citing a successful 2025 bulk sample program that generated an estimated $9 million in revenue in under a year, reinforcing the project's low-capital, high-margin economics.

Key Details

• Fifi Zone Intercepts:
  • Hole SR25-416: 16.1 g/t gold over 4.60 meters, including 56.5 g/t gold over 1.10 meters.
• Road Zone Intercepts:
  • Hole SR25-409: 4.39 g/t gold over 5.00 meters, including 16.8 g/t gold over 1.00 meters.
  • Significance: This intercept is outside the current resource block model but falls within the PEA's open-pit shell, indicating potential for resource expansion in areas previously modeled as waste.
• Bend Area Discovery:
  • Hole SR25-400: Intersected a newly discovered near-surface vein grading 3.09 g/t gold over 3.00 meters.
  • Context: Drilled as a hydrological hole for groundwater monitoring; the vein is hosted in andesite and will be targeted in the 2026 drill program.
• PEA Economic Highlights (Referenced in Release):
  • Base Case DSO (Direct Ship Ore): After-tax NPV (5%) of $215.8 million (at $2,600/oz Au) with an IRR of 60.3%. Initial capital cost of $128.6 million.
  • Toll Milling Scenario: After-tax NPV (5%) of $380.1 million (at $2,600/oz Au) with an IRR of 89.9%.
  • Production Profile: Average annual production of ~65,400 oz gold over seven years; payback period of 1.7 years (DSO) or 0.9 years (Toll Milling).
• Operational Updates:
  • 2025 Bulk Sample Program: Executed in under a year from permitting to sale, generating an estimated $9 million in new revenue.
  • Resource Estimate: 703,000 gold ounces at an average grade of 6.1 g/t (inferred category) in 3.6 million tonnes.
  • Blueberry Contact Zone: Defined by a north-south mineralized trend with a drilled strike length of more than 1,550 meters and tested to more than 525 meters depth.

Notable Quotes

• "These results clearly demonstrate the success of Scottie's 2025 drill program, delivering increased geological confidence on our high-grade vein systems such as Fifi, confirming resource expansion potential within the existing open-pit shell and highlighting the discovery of new veins at the Bend area," stated Dr. Thomas Mumford, president.
• "This drilling underscores the strength of our systematic exploration approach, delivering results across multiple fronts and reinforcing the significant upside across the project."