Scottie Resources - First Batch Of High-Grade Gold Drill Assays Released From The 2024 Exploration Program
Brad Rourke, President and CEO of Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins me to review the first batch of high-grade gold drillhole assays released yesterday from the Blueberry Contact Zone and D Zone, from this year’s 10,000 meter drill program across their Scottie Gold Mine Project in the Golden Triangle of British Columbia. We also discuss the larger Company strategy of all the prior drilling and this years drilling building towards their first resource estimate and Preliminary Economic Assessment (PEA).
Highlights:
- BCZ – Fifi / Lemoffe vein zone drillhole SR24-321 intersected 8.78 grams per tonne (g/t) gold over 9.00 meters (m) including 30.9 g/t gold over 1.00 m and intersected 12.2 g/t gold over 3.47 m
- BCZ – near surface Road vein zone drillhole SR24-320 12.0 g/t gold over 2.70 m at a vertical depth of 17.5 m
- BCZ - Blueberry vein zone drillhole SR24-317 intersected 6.87 g/t gold over 4.00 m in a wider zone of 2.95 g/t gold over 14.31 m
Brad discusses why they upsized their drill program from 6,000 meters to 10,000 meters, with many more drill results still to release from the Blueberry Contact Zone, Scottie Gold Mine area, D Zone, and the new Golden Buckle Zone over the next couple months. The plan is to incorporate the roughly 50,000 meters of cumulative drilling completed at the Scottie Gold Mine Project into a Maiden Resource Estimate next year, with a goal of targeting somewhere around 1 million ounces, and the plan to wrap some initial economics around that resource with a PEA to follow next year.
We also discuss the good site infrastructure with road access, cheap hydroelectric power, 2 nearby processing facilities at Ascot's Premier Mine and Newmont's Brucejack Mine. This brings into the conversation the potential economic value of near-surface, open pit mineralization that can be trucked to process nearby, or even the optionality of them building their own stand-alone mill on site. This is a permitted brownfields project, and Brad also highlights the optionality of their tailings study to clean up the site and generate some future non-dilutive revenues. The company is cashed up to complete not just this years exploration initiatives, but also with enough funds to drill 10,000-15,000 meters next year.
If you have any questions for Brad regarding Scottie Resources, then please email them in to me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Scottie Resources at the time of this recording.
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