Scottie Resources Demonstrates More High-Grade Continuity at Blueberry Contact Zone Including 141 g/t Gold over 4.55 Metres and 54.6 g/t Gold over 7.05 Metres
Executive Summary
- Scottie Resources released extensive 2025 assay results from the Blueberry Contact Zone, highlighting multiple high‑grade gold intercepts (e.g., up to 63.8 g/t Au over 1.5 m).
- The new data reinforce the zone’s significance within the recently published Preliminary Economic Assessment (PEA), which projects a robust after‑tax NPV of $215.8 M–$380.1 M CAD and a rapid payback period under a Direct‑Ship Ore (DSO) model.
- Management cites the results as evidence that Blueberry will be a “cornerstone growth asset” and a key driver of future shareholder value.
Key Details
- Assay Highlights – Blueberry Contact Zone
- Hole SR25‑464: 5.30–8.00 m, 2.70 m width, 25.0 g/t Au, 15.6 g/t Ag (Fifi sub‑zone).
- Hole SR25‑464: 27.00–29.00 m, 2.00 m width, 26.5 g/t Au, 11.5 g/t Ag.
- Hole SR25‑464: 52.50–58.40 m, 5.90 m width, 19.9 g/t Au, 43.3 g/t Ag.
- Hole SR25‑464 (including): 53.90–55.40 m, 1.50 m width, 63.8 g/t Au, 117 g/t Ag.
- Hole SR25‑470: 197.00–201.55 m, 4.55 m width, 141.2 g/t Au, 28.5 g/t Ag; including 199.55–201.55 m, 2.0 m width, 293 g/t Au, 58 g/t Ag.
- Hole SR25‑473: 171.70–178.75 m, 7.05 m width, 54.6 g/t Au, 4.14 g/t Ag; including 175.75–177.75 m, 2.0 m width, 159.9 g/t Au; and 176.75–177.75 m, 1.0 m width, 240 g/t Au.
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Additional intercepts across BB Vein, Lemoffe, and other sub‑zones ranging from ~1 g/t to >30 g/t Au with associated silver grades.
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PEA Context (referenced in release)
- Direct‑Ship Ore (DSO) scenario: after‑tax NPV(5%) $215.8 M CAD, IRR 60.3%, initial capex $128.6 M CAD, ~65,400 oz Au/year over 7 years.
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Toll‑milling option (via Premier Mill): after‑tax NPV(5%) $380.1 M CAD, IRR 89.9%.
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Operational Highlights
- Blueberry Contact Zone now defined as a north‑south corridor >1,550 m strike and 525 m depth with sulphide‑rich high‑grade veins.
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2025 bulk sample demonstrated rapid project execution (permitting → mining → shipment) generating ≈ $9 M revenue in under one year.
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Quality Assurance
- Samples assayed by SGS Minerals, Burnaby, BC; fire assay with atomic absorption and gravimetric finish (+9 g/t Au).
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QA/QC program met/exceeded industry best practices; reviewed and approved by Dr. Thomas Mumford, P.Geo., qualified person under NI 43‑101.
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Management Quote – Brad Rourke, CEO: “Consistent high‑grade intercepts and expanding continuity support our view that Blueberry represents a significant value driver within the broader Scottie Gold Mine Project.”
Notable Quotes
“The Blueberry Contact Zone continues to exceed our expectations,” said Brad Rourke, CEO of Scottie Resources. “Consistent high‑grade intercepts and expanding continuity support our view that Blueberry represents a significant value driver within the broader Scottie Gold Mine Project.”