Scottie Resources Surpasses 25,000 Metres of Drilling at the Scottie Gold Mine Project
Scottie continues its 50,000-metre drill program at the project, with a feasibility study targeted for the first half of 2027.
Scottie Resources Corp. announced it has completed over 25,000 metres of drilling across more than 100 drill holes. This represents approximately 50% of its fully financed 50,000-metre 2026 drill program at the Scottie Gold Mine Project. Eight diamond drills are currently active, with seven operating at the Scottie Gold Mine Project and one at the newly commenced Cambria Project.
Drilling is focused on expanding and upgrading high-grade gold resources at the Blueberry Contact Zone, while testing exploration targets including Domino, Bend Vein, and others. The company reiterated its Preliminary Economic Assessment (PEA) highlights, projecting strong economics for a Direct-Ship Ore (DSO) development scenario with an after-tax NPV(5%) of $215.8–$668.3 million at gold prices of US$2,600–$4,200/oz. A Feasibility Study is targeted for completion in the first half of 2027.
Scottie Resources Corp. (SCOT) is on track to complete its fully funded 2026 exploration program, marking routine operational progress with no new surprises or unexpected discoveries. The update confirms that the company is maintaining the necessary momentum to deliver an updated Mineral Resource Estimate and complete the Feasibility Study by the first half of 2027, without altering the project's financial or regulatory trajectory.
Scottie Resources Corp. is an exploration and development-stage company focused on the Scottie Gold Mine Project, located in British Columbia's Golden Triangle. The project encompasses a historic underground mine that operated from 1981 to 1984 and is currently in care and maintenance.
The company's development strategy centers on a Direct-Ship Ore (DSO) model utilizing X-ray transmittance (XRT) ore sorting technology. This approach eliminates the need for a conventional processing plant and tailings facility, significantly reducing capital costs and environmental footprint.
The current inferred mineral resource stands at 703,000 gold ounces at an average grade of 6.1 g/t across 3.6 million tonnes.
The PEA outlines a 7-year mine life with average annual production of ~65,400 oz Au, an initial capital cost of $128.6 million, and a rapid after-tax payback period of 1.7 years (0.9 years under a toll-milling scenario).