Scottie Resources Drills 14.8 g/t Gold over 9.8 Metres and 17.6 g/t Gold over 4.40 Metres at M-Zone at Scottie Gold Mine Project
High-grade continuity at historic mine validates underground economics, though reliance on DSO model and inferred resources remains a structural risk.
On January 22, 2026, Scottie Resources reported drill results from the M-Zone, P-Zone, Wolf Zone, and L-Zone at the Scottie Gold Mine Project. The primary highlight is the high-grade intercept in hole SR25-445, which returned 14.8 g/t gold over 9.8 meters, and SR25-439, which returned 17.6 g/t gold over 4.4 meters in the M-Zone.
The release is positioned as a follow-up to the Preliminary Economic Assessment (PEA) released in late 2025. The drilling targeted areas around the historic mine to confirm continuity and grade for the proposed underground operation. Management explicitly connects these results to "enhancing the value" of the PEA. Other zones (P, Wolf, L) showed mixed results, with some narrow high-grade hits (e.g., Wolf Zone 7.56 g/t over 1.65m) and several lower-grade/narrow intervals (e.g., L-Zone 2.98 g/t over 8m).
This news is Material - Positive for the following reasons: * Validation of Underground Grade: The PEA relies on a transition from open pit to underground mining. The economics of underground mining in the Golden Triangle are heavily dependent on grade. Intercepts of 14.8 g/t and 17.6 g/t over mineable widths (4m-10m) confirm the high-grade tenure of the M-Zone, reducing the geological risk of the underground resource component. * System Robustness: The results demonstrate that high-grade mineralization persists outside the immediate historic workings, which is critical for extending the mine life beyond the 7 years outlined in the PEA. * Sustaining Momentum: Coming shortly after a $9M bulk sample sale and a $24M financing, these results maintain news flow momentum and support the valuation near all-time highs.
However, a critical review notes that "True width has not yet been established," a standard but important risk factor in vein systems where drilling angles can exaggerate apparent width. Furthermore, while the M-Zone results are excellent, the peripheral zones (L, P) reported in this batch were less spectacular than previous headline holes from the Blueberry zone, indicating variability in the wider system.
- Company: Scottie Resources Corp. (TSXV: SCOT)
- Flagship Project: Scottie Gold Mine Project, British Columbia (Golden Triangle).
- Project Characteristics: High-grade gold vein system. Includes the historic Scottie Gold Mine (past producer) and the high-grade Blueberry Contact Zone.
- Development Strategy: The company is pursuing a Direct Ship Ore (DSO) model. This involves mining high-grade ore, crushing it on-site, and shipping it directly to a smelter (via the nearby deep-water port of Stewart), bypassing the need for an expensive on-site mill and tailings facility.
- Status: PEA stage (released late 2025).