Vancouver, British Columbia — February 25, 2026 — Leads & Copy — Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) has released the final assay results from its 2025 drilling program at various zones within the Blueberry Contact Zone, part of the Scottie Gold Mine Project. The road-accessible project is located 35 kilometers north of Stewart, BC.
The 2025 drill season, the company’s largest to date, included over 27,300 meters drilled across 126 holes. Seventeen specialized holes (2,300 meters) focused on ground stability and water studies.
The drilling program yielded the property’s best gold intercept to date: 30.1 grams per tonne gold over 23.65 meters (see September 8, 2025 news release).
Results from the season showed consistent high-grade gold throughout the project. Highlights from the results include:
- 44% of holes hit more than 2 meters of 5+ g/t gold
- 30% of holes hit more than 2 meters of 10+ g/t gold
- 25% of holes hit more than 2 meters of 15+ g/t gold
- 20% of holes hit more than 2 meters of 20+ g/t gold
- 11% of holes hit more than 2 meters of 30+ g/t gold
Dr. Thomas Mumford, President of Scottie Resources, said that the 2025 drill season was the most important to date due to the quality and consistency of the gold intersected. He added that the company continued to see the same strong gold zones repeat across multiple areas of the project as drilling tightened up. The company is now finalizing its interpretation of the results and will outline its 2026 exploration plans in the coming weeks.
With more than $26 million in flow-through funds available, the company is fully financed to undertake its most ambitious drill program yet, as it advances the Scottie Mine Project towards completing a Feasibility study in the first half of 2027.
The Scottie Gold Mine Project has delivered results over the past six years, including the discovery of four new high-grade zones — Blueberry Contact Zone, Domino, D-Zone, and P-Zone — and the expansion of multiple historic deposits. A spatial relationship between mineralization and the Jurassic-aged Texas Creek Plutonic Suite has emerged, reinforcing the view that these zones form part of a larger, interconnected gold system.
The Blueberry Contact Zone, located 2 km northeast of the 100%-owned, past-producing Scottie Gold Mine, has evolved from a high-grade vein showing into a cornerstone development asset. Drilling has defined a north-south mineralized corridor exceeding 1,550 meters in strike length and 525 meters in depth, characterized by sulphide-rich, high-grade gold veins. Blueberry benefits from infrastructure, located along the Granduc Road and within trucking distance of processing facilities.
The company recently completed a Preliminary Economic Assessment (PEA) that outlines a low-capital DSO operation producing a gold-rich gravel product for direct shipment to Asian smelters. At US$2,600/oz gold, the DSO scenario generates an after-tax NPV(5%) of $215.8M CAD and a 60.3% IRR, with initial capital cost of $128.6M CAD. The PEA also evaluates a toll milling option through the nearby Premier Mill which enhances returns, generating an after-tax NPV(5%) of $380.1M CAD and an 89.9% IRR.
Scottie’s 2025 bulk sample demonstrated the project’s ability to progress from permitting through mining, shipment, and sale in under a year and generating approximately $9 million in revenue. This execution reinforces confidence in the simplicity, scalability, and efficiency of the DSO development model.
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. The majority of drill core was NQ in diameter, with select holes of HQ size primarily taken for geomechanical purposes. Prior to sampling drill core was cut in half lengthwise, with half sent for assay and the remaining half kept in Stewart, BC. Standards, blanks, and duplicate samples were taken at intervals and frequencies that meet or exceed industry best practices. A secure chain of custody is maintained in transporting and storing 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 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.
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 mineral claims within the Stewart Mining Camp in British Columbia’s Golden Triangle.
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.
Source: Scottie Resources Corp.
