Scottie Resources Intercepts 8.28 g/t Gold over 22.35 m at P-Zone at Scottie Gold Mine Project, BC
Scottie Resources Intercepts 8.28 g/t Gold
over 22.35 m at P-Zone at Scottie Gold Mine
Project, BC
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2025) - Scottie Resources Corp. (TSXV:
SCOT) (OTCQB: SCTSF) (FSE: SR80) ("
Scottie
" or the "
Company
") is pleased to report new assays
from its 2025 drilling of the P-Zone within the Scottie Gold Mine 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") (see news releases dated October 28, 2025).
"The first holes back from our 2025 Scottie Gold Mine drill program are very encouraging," stated Brad
Rourke, CEO of the Company.
The P-Zone intercept in hole SR25-378 highlights the strength of the
system and the opportunity to add ounces to the existing resource. With our PEA now released, we are
focused on continuing to demonstrate the growth potential of the deposit and the value that additional
ounces bring to an already compelling economic project."
Highlights:
Scottie Gold Mine drillhole SR25-378 intersected
8.28 grams per tonne (g/t) gold over 22.35
metres (m),
including
20.2 g/t gold over 7.55 m
on the P-Zone (Table 1, Figures 1,2,4).
Scottie Gold Mine drillhole SR25-383 intersected
7.76 g/t gold over 3.0 m
at the O-Zone (Table
1, Figures 1,2,4).
Scottie Gold Mine drillhole SR25-385 intersected
4.08 g/t gold over 6.00 m
and
8.99 g/t Au over
3.00
at the O-Zone (Table 1, Figures 1,2).
Table 1:
Highlight results from new drill assays (uncut) from the Scottie Gold Mine.
Drill Hole
From
(m)
To
(m)
Width*
(m)
Gold
(g/t)
Silver
(g/t)
Sub Zone
SR25-378
8.10
9.35
1.25
1.41
0.00
P-Zone
18.15
19.15
1.00
1.05
12.0
P-Zone
68.95
91.30
22.35
8.28
4.92
P-Zone
including
68.95
75.75
6.80
3.79
5.10
P-Zone
and including
79.55
87.10
7.55
20.2
9.98
P-Zone
including
79.55
80.70
1.15
58.0
27.0
P-Zone
96.40
97.60
1.20
1.91
3.00
P-Zone
SR25-383
48.00
51.00
3.00
7.76
3.00
O-Zone
71.50
72.50
1.00
2.40
9.00
O-Zone
104.00
108.00
4.00
3.97
2.50
O-Zone
115.00
118.00
3.00
2.31
2.67
O-Zone
SR25-385
44.90
50.90
6.00
4.08
5.67
O-Zone
62.25
64.25
2.00
2.66
24.0
O-Zone
99.00
102.00
3.00
8.99
7.67
O-Zone
SR25-386
83.40
89.45
6.05
2.73
0.00
O-Zone
including
83.40
85.00
1.60
7.13
0.00
O-Zone
SR25-388
52.15
53.15
1.00
1.88
5.00
O-Zone
59.00
60.00
1.00
7.30
34.0
O-Zone
75.00
78.00
3.00
2.79
5.00
O-Zone
83.00
84.00
1.00
5.24
13.0
O-Zone
*True width of the intervals has not yet been established by drilling
Figure 1:
Overview plan view map of the Scottie Gold Mine, illustrating the locations of the reported drill
results, cross-section (Figure 2), and the distribution of the modelled sulphide-rich zones.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/273060_f8196775841a3b20_002full.jpg
Figure 2:
Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-378, -383, -385, -
386.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/273060_f8196775841a3b20_003full.jpg
The 2025 drilling on Scottie Gold Mine targets was primarily focused on expanding the resource and
increasing geological confidence in the known zones in order to convert from inferred to indicated
classification. Additional follow up drilling was done on the Wolf Zone (discovered in 2024, see NR
dated
December 12, 2024
), results to be released as the become available. The Scottie Gold Mine
targets are open in multiple directions and are key to expanding the project's overall resource.
About the Scottie Gold Mine Project
Exploration of the Scottie Gold Mine Project over the past six years has produced exceptional drill
results through the discovery of high-grade gold in four new zones (Blueberry Contact Zone, Domino, D-
Zone, P-Zone) and the expansion of previously drill confirmed targets (Scottie Gold Mine, C-Zone, Bend
Vein, Stockwork). There is a clear spatial relation between the outcropping and drill-confirmed high-
grade gold targets and the contact with the Jurassic aged, Texas Creek Plutonic suite intrusion.
Geological work in the area has established strong connections between the various deposits. The
chemical, mineralogical, structural, and age relationships of the deposits and host rocks support a
genetic model whereby all deposits are linked to the same mineralizing event.
The Blueberry Contact Zone is located just 2 kilometres northeast of the 100% owned, past-producing
Scottie Gold Mine (SGM) located in British Columbia, Canada's Golden Triangle region. Historic
trenching and channel sampling of the Blueberry Vein include results of 103.94 g/t gold over 1.43 metres,
and 203.75 g/t gold over 1.90 metres. Despite high-grade surficial samples and easy road access, the
Blueberry Vein had only limited reported drilling prior to the Company's exploration work. The target was
significantly advanced during Scottie's 2019 drill program when an interval grading 7.44 g/t gold over
34.78 metres 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 first order 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%.
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. A secure chain
of custody is maintained in transporting and storing of 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 and 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), highlighting the 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. The NI 43-101 Technical Report on the PEA is expected to be filed within
45 days.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/273060