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Scottie Resources Announces Maiden Mineral Resource Estimate for the Scottie Gold Mine DSO Project
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Scottie Resources Corp. (TSXV:...
About this update from Scottie Resources Corp.
[{"type":"text","content":"Scottie Resources Announces Maiden Mineral Resource Estimate for the Scottie Gold Mine DSO ProjectVancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) (\"Scottie\" or the \"Company\") is pleased to announce the completion of a maiden Inferred Mineral Resource Estimate of 703,000 ounces of gold consisting of 528,000 ounces at 8.7 g/t of underground resources and 174,000 ounces at 3.2 g/t in the shallow pit constrained resource, for its 100% owned Scottie Gold Mine Project, which includes the historic mine and the adjacent Blueberry Contact Zone that are located 35 kilometres north of the town of Stewart, BC, along the Granduc Road.Highlights:High-quality Maiden Mineral Resource Estimate: Inferred Mineral Resource Estimate (\"MRE\") of 703,000 ounces of gold at an average grade of 6.1 g/t gold and assumes a phased open pit and underground mining scenario. The opportunity to further expand both the open pit and underground resources exists as the deposits are open in several directions. Tables 1 and 3 provides summaries of the mineral resource and sensitivity to cutoff grade.Optimized for DSO Concept: The MRE was designed around mining a shallow open pit in the initial years, minimizing initial capital and using early cashflows to fund the development of the higher-grade underground resources. The high-quality ounces contained within the MRE will be further leveraged when coupled with the recent excellent sorting study results (NR April 1, 2025). The pit provides a potential short ramp up phase to production, flexibility, and low operational risk. This is complemented by the higher-grade underground resource which commands higher payable terms from Asian smelters, avoiding the need for a processing plant on site. The envisioned project greatly benefits from existing infrastructure, including roads, close proximity to a deep-water shipping port, and nearby power lines. By design the DSO project will be a high-margin, variable cost model with industry leading low initial capital costs resulting in a quick investment payback.Upside Exploration Potential: During the 2025 exploration drilling campaign Scottie will focus on converting the resources from inferred to indicated with infill drilling as well as expansionary drilling on high quality targets close to ...