- Scottie Resources (SCTSF, Financial) announces an inferred mineral resource of 703,000 ounces of gold at the Scottie Gold Mine Project.
- The project, located in British Columbia, benefits from existing infrastructure such as roads and a deep-water port.
- The company plans to complete a Preliminary Economic Assessment (PEA) by the end of 2025.
Scottie Resources Corp. (SCTSF) has unveiled its maiden Inferred Mineral Resource Estimate (MRE) for the Scottie Gold Mine Project situated 35 kilometers north of Stewart, British Columbia. The estimate reveals a total of 703,000 ounces of gold at an average grade of 6.1 g/t. This resource is split into 528,000 ounces at 8.7 g/t in underground resources and 174,000 ounces at 3.2 g/t in shallow pit-constrained resources.
The project is designed as a Direct Shipping Ore (DSO) operation, which intends to reduce initial capital requirements by focusing on a shallow open pit in the early years of production. The resource estimate is based on a gold price of US$2000 per ounce, a conservative estimate compared to the current spot price of US$3200 per ounce.
The advantage of the project lies in its proximity to significant infrastructure, including established roads, a nearby deep-water shipping port, and adjacent power lines. Scottie Resources intends to complete a Preliminary Economic Assessment (PEA) by the end of 2025 to further evaluate the project's economic viability.
The Blueberry Contact Zone, part of the project's resource, showcases a low discovery cost of 12.25 gold ounces per metre drilled. This zone alone comprises approximately 43,000 metres of drilling across 269 holes, contributing significantly to the project's overall potential.
