Scottie Resources
Financials:
Primary ticker: TSXV:SCOT
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Scottie Gold Project
Project location: Canada
Website: www.scottieresources.com
The Scottie Gold Mine, which operated between 1981 to 1985, produced 95,426 gold ounces from 183,147 tonnes at an average recovered grade of 16.2 g/t gold. The mine ultimately shut down due to a drop in gold price combined with high-interest rates. Mineralization consists of east-west to northwest trending, steeply dipping, shear veins, that are comprised of pyrrhotite > pyrite ± quartz ± calcite. The veins are hosted in a package of andesitic volcanic rocks from the Hazelton Unuk River Formation that are situated adjacent to the contact with the Summit Lake stock, part of the Texas Creek Plutonic Suite. While 13 distinct gold-bearing vein zones have been identified on the Scottie Gold Mine Project, mine production was primarily from one vein (the M-zone).
Historical drilling of the Scottie Gold Mine was largely focused on mine production, with little work done on proving up substantial resources. The majority of historical drilling was done from underground, and therefore consisted of short holes with single targets – with very restricted drill pad locations. Recent exploration by Scottie has used the benefits of drilling from surface to target areas that were inaccessible with underground drill locations, and where possible to test multiple targets with individual holes. The Scottie Gold Mine is located on the Granduc Road, 20 km north of the Ascot Resources’ Premier Project, which is in the process of refurbishing their mill in anticipation of production in Q1 2023 (December 7, 2021). It is also located 25 km south of the Brucejack Mine that was the main asset acquired by Newcrest Mining Limited for $3.5 billion in its acquisition of Pretium Resources.
Cash: CAD3M
Debt: Nil
Major shareholders:
Eric Sprott – 13.5%
Brad Rourke – 7%
Yamana Gold – 9.9%
Swiss Family Office – 9.9%
Management Profile
Bradley Rourke -President, Director and Chief Executive Officer
A Corporate Finance Executive with 30 years experience in Mining, Energy, and Real Estate, Mr. Rourke holds a proven track record with successful start-up companies. His leadership experience and entrepreneurial approach have given new direction and scale to the Scottie Resources efforts in the Golden Triangle.
What is your rationale for taking part 121 Mining Investment?
We are looking for market support and exposure to institutional and private investors
What recent news would you like to highlight to investors attending?
Scottie Resources Intercepts 9.0 G/T Gold Over 7.39 Metres and 14.5 G/T Gold Over 3.65 Metres at Scottie Gold Mine Project
Vancouver, BC – February 22, 2022 – Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT), (OTCQB:SCTSF), (FSE:SR8), is pleased to report drill assays from its Scottie Gold Mine (SGM) target where multiple holes intersected high-grade gold mineralization on its targeting of additional ore shoots around the past-producing mine. Strong intercepts, including 9.0 g/t over 7.39 metres illustrate the expansion potential of near mine mineralization. The high-grade mine operated in the early 1980’s with a cut-off grade of 10 g/t gold, leaving substantial upside for additional expansion. The Scottie Gold Mine is located on the Granduc Road, 20 kilometres north of the Ascot Resources Premier Mill, and 35 kilometres north of the town of Stewart, BC.
“Strong intercepts continue to underpin our belief that the near mine exploration of the Scottie Gold Mine has the potential to develop a substantial high-grade resource adjacent to existing mine underground workings.“ comments President and CEO, Brad Rourke. “Drilling around this underexplored deposit and the ability to leverage the existing historic data, offers us tremendous value on our path towards defining a road accessible 1M+ ounce resource.”
Scottie Resources Extends Blueberry Zone to 225 Metres Depth with Intercept of 15.3 g/t Gold Over 13.49 Metres
Vancouver, BC – February 8, 2022 – Scottie Resources Corp. (“Scottie” or the “Company”) (TSXV: SCOT), (OTCQB:SCTSF), (FSE:SR8) is pleased to report additional new assays on the Blueberry Zone, including intercepts of 15.3 g/t gold over 13.49 metres and 18.7 g/t gold over 3.17 metres. The location of these holes extends the high-grade gold mineralization to a depth of 225 metres where it remains open in all directions. The Blueberry Zone is located north-northeast of the 100% owned past-producing high-grade Scottie Gold Mine, 35 kilometres north of the town of Stewart, BC along the Granduc Haul Road.
What are your key goals for the next 3, 6 and 12 months?
6 Months:
Expanding the drill program and advancing towards delivering a potential resource at Scottie Gold Mine
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Exploration risk, market risk and overall sentiment.
What do you think makes your company such a compelling investment?
District scale piece of land with high-grade gold in the prolific Golden Triangle, BC, Canada.
What are the top 3 key investor takeaways?
Blueberry Zone Discovery and Expansion
Successful Drill Program resulting in High Grade Results
“Pathway” to 1mil Oz