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
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
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Scottie Resources Corp. (TSXV:
SCOT) (OTCQB: SCTSF) (FSE: SR80) ("
Scottie
" or the "
Company
") is pleased to report new assays
from its 2025 drilling of various zones within and around the historic Scottie Gold Mine, part of the the
Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Scottie Gold Mine
Project, which includes the 100%-owned past-producing Scottie Gold Mine and the adjacent Blueberry
Contact Zone, is located 35 kilometres north of Stewart, BC, and is the subject of a newly released
Preliminary Economic Assessment ("PEA") entitled Scottie Gold Mine Project (see news release dated
October 28, 2025).
Drilling continues to deliver at the Project.
Hole SR25-445 intersected
14.8 grams per tonne "g/t"
gold over 9.80 metres
, including a high-grade interval of
69.8 g/t gold over 2.0 metres
within the M-
Zone. Additional strong M-Zone results include
21.1 g/t gold and 50.6 g/t silver over 3.45 metres
in
hole SR25-410 and
17.6 g/t gold over 4.40 metres
in hole SR25-439. Multiple drill holes (SR25-408,
419, 427 and 445) also intersected gold mineralization within the Wolf Zone, highlighted by an intercept
of
7.56 g/t gold over 1.65 metres
in hole SR25-408.
These results represent the conclusion of 2025 drill results from the Scottie Gold Mine and associated
vein zones, i.e., P-, M-, N-, L-, and Wolf Zones. Drill results are still outstanding for the Blueberry Contact
Zone and will be released as they have been validated and interpreted.
"These results demonstrate exactly what we believe makes Scottie special, high-grade holes, strong
continuity and multiple zones delivering meaningful intercepts," stated Brad Rourke, CEO. "Intercepts
like 14.8 g/t gold over nearly 10 meters at the M-Zone reinforce our confidence in the robustness of
the system and its ability to support attractive development scenarios. As we continue drilling around
the historic mine and adjacent zones, we see clear potential to further enhance the value outlined in
our recently released PEA."
Highlights:
High-grade intercepts over meaningful widths
(up to 14.8 g/t Au over 9.8 m) continue to
enhance the economic potential of the Scottie Gold Mine Project
Multiple zones delivering strong grades
(M-Zone and Wolf Zone) reinforce confidence in a
robust, repeatable mineralized system
Grades significantly exceed global open-pit and underground averages
, supporting
potential for
stronger margins
Results
de-risk and strengthen the recently released PEA
, improving confidence in mine
planning and future development scenarios
Proximity to historic mine workings and infrastructure
increases the likelihood of efficient,
capital-light development
Table 1: Highlight results from new drill assays (uncut) - Scottie Gold Mine
Drill Hole
From (m)
To
(m)
Width* (m)
Gold (g/t)
Silver (g/t)
Sub Zone
SR25-403
102.00
103.00
1.00
8.49
14.0
M-Zone
SR25-404
3.65
6.00
2.35
1.51
0.00
P-Zone
90.15
91.15
1.00
1.22
15.0
P-Zone
350.60
351.70
1.10
1.17
5.00
Wolf Zone
SR25-408
368.00
369.65
1.65
7.56
2.00
Wolf Zone
379.80
381.00
1.20
3.63
3.00
Wolf Zone
448.00
449.35
1.35
1.23
2.00
L-Zone
SR25-410
84.45
85.45
1.00
8.80
17.0
M-Zone
143.00
144.00
1.00
4.54
26.0
M-Zone
147.00
148.00
1.00
2.04
3.00
M-Zone
151.05
154.50
3.45
21.1
50.6
M-Zone
159.50
161.00
1.50
1.14
21.0
N-Zone
SR25-414
61.70
62.70
1.00
1.00
0.00
M-Zone
116.00
118.70
2.70
1.56
6.13
M-Zone
SR25-419
240.00
241.00
1.00
1.78
24.0
unknown
313.00
314.55
1.55
1.30
2.00
Wolf Zone
SR25-425
64.10
65.10
1.00
1.05
18.0
O-Zone
SR25-427
219.85
221.00
1.15
5.74
8.00
Wolf Zone
239.00
242.00
3.00
1.33
2.00
Wolf Zone
SR25-434
230.00
231.00
1.00
3.18
173.0
M-Zone
SR25-439
58.00
59.00
1.00
2.69
11.0
O-Zone
296.30
300.70
4.40
17.6
13.3
M-Zone
SR25-445
50.20
60.00
9.80
14.8
4.94
M-Zone
including
58.00
60.00
2.00
69.8
16.0
M-Zone
96.00
97.00
1.00
7.01
9.00
N-Zone
254.40
255.40
1.00
1.14
36.0
Wolf Zone
SR25-454
88.60
90.10
1.50
1.70
3.00
P-Zone
SR25-461
295.00
303.00
8.00
2.98
4.38
L-Zone
including
295.00
296.00
1.00
14.3
15.0
L-Zone
*True width of the intervals has not yet been established by drilling
Discussion of Results
Drilling at the Scottie Gold Mine
The drilling successes from this year will be used to remodel the vein zones and aid in targeting for the
2026 program. In addition to drilling, the Company is planning to use drone assisted 3D scanning of the
historic mine to better constrain the extent and positioning of the underground stopes. Increased
resolution of mine workings surrounding the existing resource will aid in both future targeting and
resource expansion, as well as the potential reduction of sterilized ore as modelled in the PEA.
The 2025 drilling resulted in high-grade expansionary holes on the P-Zone (SR25-378;
8.28 g/t gold
over 22.35 m
), O-Zone (SR25-385;
8.99 g/t gold over 3.00 m
), M-Zone (SR24-445;
14.8 g/t gold
over 9.8 m
), L-Zone (SR25-461;
2.98 g/t gold over 8.00 m
), and Wolf-Zone (SR25-408;
7.56 g/t gold
over 1.65 m
).
Figure 1:
Overview plan view map of the Scottie Gold Mine, illustrating the locations of the reported drill
results, cross-sections (Figures 2,3), and the distribution of the modelled sulphide-rich zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281024_f40e0fbe24e8b981_002full.jpg
Figure 2:
Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-408, -410, -427, -
445.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281024_f40e0fbe24e8b981_003full.jpg
Figure 3:
Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-439.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281024_f40e0fbe24e8b981_004full.jpg
About the Scottie Gold Mine Project
Over the past six years, exploration at the Scottie Gold Mine Project has delivered exceptional results —
highlighted by the discovery of four new high-grade zones (Blueberry Contact Zone, Domino, D-Zone,
and P-Zone) and the expansion of several historically drilled targets (Scottie Gold Mine, C-Zone, Bend
Vein, and Stockwork).
A clear spatial relationship has emerged between these high-grade zones and the contact with the
Jurassic-aged Texas Creek Plutonic Suite, providing a powerful framework for ongoing targeting.
Detailed geological, structural, mineralogical, and geochemical studies now point to a shared
mineralizing event across the property — linking the deposits into a broader, interconnected system with
significant growth potential.
The Blueberry Contact Zone, located 2 km northeast of the 100%-owned past producing Scottie Gold
Mine in BC's Golden Triangle, has rapidly advanced from a lightly drilled high-grade vein showing into a
major growth target. The target was significantly advanced during Scottie's 2019 drill program when an
interval was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill results
received from 2020 - 2024, coupled with surficial mapping and sampling suggest that the N-S
mineralized trend is a controlling structure that hosts an array of SW-trending, sub-parallel, sulphide-rich
veins that obliquely crosscut it which host high-grade gold. As of the end of 2024, the extent of the N-S
zone, defined by the contact between andesite and siltstone units of the Hazelton Formation and the
presence of the cross-cutting sulfide-rich structures, has a drilled strike length of >1,550 metres and has
been tested to >525 metres depth. The Blueberry Contact Zone is located on the Granduc Road, 20
kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located 25
kilometres to the north.
The Company has recently completed a PEA which evaluates a low-capital DSO operation to deliver a
gold-rich gravel product to Asian copper/precious metals smelters. At a gold price of US$2600/oz the
project estimates an after-tax NPV(5%) of $215.8 M CAD with an IRR of 60.3%. By design, the
operation will eliminate the need for a gold processing plant and tailings facility, thereby significantly
reducing the capital required and resulting in a minimal environmental footprint, resulting in an initial
capital cost of $128.6 M CAD. The project envisages a shallow open pit on the Blueberry Zone to start,
followed by underground production from both Blueberry and the past-producing Scottie Gold Mine. The
PEA also evaluates a toll milling scenario through the nearby Premier Mill, which results in an after-tax
NPV(5%) $380.1 M CAD and an IRR 89.9%.
Scottie's 2025 Bulk Sample program exemplifies the unique characteristics of this mining project, and
its ability to rapidly progress. From permitting to mining, crushing, transporting, shipping and sale of the
product, the program was executed in under a year, generating an estimated $9M in new revenue. With
this proven pathway, Scottie's has confidence in the simplicity and efficiency of its DSO model.
Quality Assurance and Control
Results from samples taken during the 2025 field season were analyzed at SGS Minerals in Burnaby,
BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. The majority of
drill core was NQ in diameter, with select holes of HQ size primarily taken for geomechanical purposes.
Prior to sampling drill core was cut in half lengthwise, with half sent for assay and the remaining half kept
in Stewart, BC. Standards, blanks, and duplicate samples were taken at intervals and frequencies that
meet or exceed industry best practices. A secure chain of custody is maintained in transporting and
storing all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and
gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-
AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by
emission spectrometry.
Dr. Thomas Mumford, P.Geo., non-independent President of the Company, a qualified person under
National Instrument 43-101, has reviewed and approved the technical information contained in this news
release on behalf of the Company.
ABOUT SCOTTIE RESOURCES CORP.
Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade,
past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a
100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the
Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of
highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle-
one of the world's most prolific mineralized districts.
Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold
ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 millon tonnes, highlighting the
development potential for a significant near-surface, high-grade deposit. The Company's strategy is to
continue expanding this resource and to define additional mineralization around past-producing mines
through systematic drilling and surface exploration.
The Company has recently completed a PEA for the Scottie Gold Mine. The PEA outlines a robust
Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a
potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO
project delivers an after-tax NPV(5%) of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz,
respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax
NPV(5%) of $380.1-$831.7 million (no agreement currently in place). The PEA estimates initial capital
costs of $128.6 million, average annual production of ~65,400 oz gold over seven years, and a payback
period of 1.7 years for the after-tax DSO case—reduced to just 0.9 years under the toll-milling
opportunity at US$2,600/oz.
Additional Information
Brad Rourke
CEO
+1 250 877 9902
Forward-Looking Statements
This news release may contain forward-looking statements. Forward-looking statements are statements
that are not historical facts and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual results may differ materially from
those in forward looking statements. Forward-looking statements are based on the beliefs, estimates
and opinions of the Company's management on the date such statements were made. The Company
expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of
this release.
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https://www.newsfilecorp.com/release/281024