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
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
Vancouver, British Columbia--(Newsfile Corp. - February 3, 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 the Blueberry Contact Zone, at the Scottie Gold Mine
Project ("Scottie Gold Mine" or the "Project"). The road-accessible Project 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 (Bird et al., October 28, 2025, Scottie Gold Mine Project, SEDAR+).
The Company's 2025 drill program continues to deliver multiple high-grade results at the Blueberry
Contact Zone, reinforcing both the strength and continuity of mineralization within the Project. These
latest assays support Scottie's growing confidence in the predictability of the system as drilling density
increases across key vein corridors, a critical factor for enhancing geological confidence and supporting
future mine planning and development scenarios.
Importantly, the 2025 program is not only confirming high-grade continuity within areas contemplated by
the recently released PEA but is also successfully expanding mineralization beyond the boundaries of
the current conceptual open pit. Step-out drilling and testing of new target areas continue to identify
additional high-grade zones, demonstrating the broader scale and exploration upside of the Blueberry
Contact system and highlighting Scottie's ability to generate meaningful new discoveries alongside
resource conversion and infill drilling.
"The 2025 drill program continues to deliver exactly what we want to see; multiple high-grade
intercepts with excellent continuity at Blueberry,"
stated Brad Rourke, CEO.
"These results
demonstrate the strength and predictability of the mineralized system and continue to support the
geological confidence needed to de-risk the Project. At the same time, step out drilling is generating
new discoveries outside of the current open pit, reinforcing the significant growth potential exists at
Scottie."
Table 1: Highlight results from new drill assays (uncut) - Blueberry Contact Zone
Drill Hole
From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Silver
(g/t)
Sub Zone
SR25-432
34.15
36.15
2.00
1.83
1.50
Road
SR25-433
160.00
161.00
1.00
53.2
6.00
Lemoffe
SR25-433
177.30
178.50
1.20
27.8
24.0
Lemoffe
SR25-433
213.40
214.45
1.05
2.24
6.00
Lemoffe
SR25-435
66.00
68.00
2.00
26.2
0.00
Road
SR25-435
78.50
80.50
2.00
34.8
2.00
Road
SR25-435
114.00
116.00
2.00
7.17
2.00
BB Vein
SR25-436
11.00
12.00
1.00
1.08
5.00
Lemoffe
SR25-436
79.00
83.00
4.00
1.75
2.50
Lemoffe
SR25-437
65.80
67.30
1.50
4.64
4.00
Fifi
SR25-437
79.30
81.25
1.95
1.34
4.41
Fifi
SR25-438
96.85
97.85
1.00
1.76
6.00
Lemoffe
SR25-438
105.30
106.50
1.20
8.70
8.00
Lemoffe
SR25-440
19.00
20.00
1.00
1.77
140.0
BB Vein?
SR25-441
164.00
174.00
10.00
2.03
2.00
Lemoffe
SR25-441
including
167.00
169.00
2.00
5.89
6.00
Lemoffe
SR25-441
221.00
222.00
1.00
2.74
16.0
Lemoffe
SR25-442
7.15
10.00
2.85
6.28
3.00
Fifi
SR25-442
58.00
59.00
1.00
1.14
2.00
Lemoffe
SR25-442
65.25
66.45
1.20
8.37
8.00
Lemoffe
SR25-443
73.15
74.15
1.00
1.01
38.0
Lemoffe
SR25-444
170.90
174.90
4.00
16.6
6.75
Lemoffe
SR25-444
including
171.90
173.90
2.00
29.3
7.50
Lemoffe
SR25-444
181.00
182.00
1.00
3.77
3.00
Lemoffe
SR25-448
98.45
107.40
8.95
10.4
7.69
Fifi
SR25-448
including
104.10
107.40
3.30
21.3
17.1
Fifi
SR25-448
including
106.35
107.40
1.05
46.5
27.0
Fifi
SR25-448
145.70
147.40
1.70
1.52
0.00
Lemoffe
SR25-448
178.65
179.80
1.15
7.05
8.00
Lemoffe
SR25-457
44.00
56.00
12.00
15.8
5.20
Road
SR25-457
44.00
49.00
5.00
36.6
5.20
Road
*True width of the intervals has not yet been established by drilling
Figure 1:
Segmented vertical long section of the Blueberry Contact Zone illustrating the distribution and
status of drilled targets from the 2025 season and the reported results thus far, relative to intercepts from
previous drilling campaigns.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/282477_e3408fb8140f1980_002full.jpg
Figure 2:
Overview plan view map of the Blueberry Contact Zone, illustrating the locations of the
reported drill results, cross-sections (Figures 3,4,5), and the distribution of the modelled sulphide-rich
cross-structures.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/282477_e3408fb8140f1980_003full.jpg
Figure 3:
Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-433, - 441, -444,
and -448.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/282477_e3408fb8140f1980_004full.jpg
Figure 4:
Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-435.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/282477_e3408fb8140f1980_005full.jpg
Figure 5:
Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-457.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/282477_e3408fb8140f1980_006full.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 million 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/282477