Scottie Resources – Ore Sorting Results, Direct Ship Ore Strategy, Upcoming Maiden Resource Estimate, Exploration Update
Dr. Thomas Mumford, Vice President of Exploration at Scottie Resources (TSX.V:SCOT – OTCQB:SCTSF), joins me to review some results from the recent study on utilizing ore sorting, their research into pursuing a Direct-Shipping Ore (DSO) development strategy, the upcoming Maiden Resource Estimate, and an overall exploration review from 2024 and look ahead to the 2025 season at the Scottie Gold Mine Project, located in the Golden Triangle of British Columbia.
Thomas reviewed the advancements in ore sorting and how it paired well with their mineralization, with both XRF and XRT. This correlates well with the proposed DSO strategy, because of the ability to substantially increase grade while reducing the volume of material to be shipped and the resulting positive economic implications. Using XRF ore sorting technology, 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.
When reviewing their direct-ship ore strategy, Thomas highlighted that Scottie has one of the closest gold projects to a deep-sea shipping terminal, which based on its location is positioned in one of North America's cheapest commercial shipping lanes to Asia. In addition to the ease of a proposed open-pit mine, which already has an existing mine permit, there is also key external infrastructure in place, such as power lines and hauling roads right to site.
Thomas then provides a solid recap of last year’s exploration program and key drill targets and milestones at the Blueberry Contact Zone and Scottie Gold Mine area. This year’s program will be working on doing some infill drilling to convert categories from inferred to measured and indicated, but also following up on the discovery of the new Wolf discovery, the C&D veins, and some other new targets. All the prior years drill results are being compiled at present building towards a Maiden Resource Estimate that is targeted to be out to the market in a few weeks as the next key company milestone.
If you have any questions for Thomas 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, but may choose to buy or sell any stock at any point in time.
