Northwire Canada EditionSaturday, August 1, 2026
Northwire
S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Drill Results Routine +

Scottie Resources Hits More Multiple High-Grade Gold Intercepts at Blueberry Contact Zone Including 15.8 g/t Gold over 12.00 Metres and 10.4 g/t Gold over 8.95 Metres

High-grade continuity at Blueberry bolsters Scottie’s low-capex DSO ambitions as 2025 drill results wind down.

Executive Summary

The news release dated February 3, 2026, reports the latest batch of assay results from the 2025 diamond drilling program at the Blueberry Contact Zone. Key highlights include hole SR25-457, which returned 15.8 g/t gold over 12.00 metres, and hole SR25-448, which yielded 10.4 g/t gold over 8.95 metres. CEO Brad Rourke emphasized that these results demonstrate "strength and predictability" in the mineralized system, which is essential for de-risking the project as it moves toward development. The release also reiterates the project's robust economics from the October 2025 Preliminary Economic Assessment (PEA) and the successful $9 million CAD revenue generation from the 2025 bulk sample program.

Material Impact

This news is categorized as Routine - Positive. While the grades and widths are impressive (specifically the 15.8 g/t over 12m), they are consistent with a long string of high-grade results reported throughout late 2025 and January 2026. - Predictability: The primary value of this specific release is the confirmation of "Lemoffe," "Road," and "Fifi" vein continuity. For a Direct Ship Ore (DSO) model, which relies on high-grade pockets, confirming these zones are predictable is vital for future mine planning. - Resource Conversion: These results are infill in nature, specifically aimed at converting the current Inferred resource to the Indicated category. While positive for de-risking, they do not yet represent a step-change in the total resource size (703,000 oz). - Economic Context: The news reinforces the PEA assumptions ($215.8M NPV at $2600 gold), but does not move the needle beyond what the market already processed in the December 2025 economic filings.

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Company Overview

Scottie Resources Corp. is focused on the Scottie Gold Mine Project in the Golden Triangle of British Columbia. - Flagship Project: Scottie Gold Mine Project, which includes the past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone discovery. - Development Strategy: The company is pursuing a "Direct Ship Ore" (DSO) model. This involves mining high-grade ore, crushing it on-site, and shipping the mineralized material directly to smelters in Asia. - Advantage: This model eliminates the need for an on-site processing plant and tailings facility, significantly lowering initial CAPEX ($128.6M CAD per PEA) and shortening the timeline to production.

Read the original news release →

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