Scottie Resources (SCTSF) has selected Tetra Tech to conduct a Preliminary Economic Assessment (PEA) for its Scottie Gold Mine Project in British Columbia's Golden Triangle, targeting completion in Q4 2025. The project, based on an Inferred Mineral Resource of 703,000 ounces of gold at 6.1 g/t, plans a DSO operation delivering gold concentrate to Asian smelters, eliminating the need for a processing plant and tailings facility. The development strategy includes an initial shallow open pit at the Blueberry Zone followed by underground production. The company has initiated additional technical studies including Phase 2 Ore Sorting Study and Dense Media Separation testing, with results expected in Q3-Q4 2025. A completed Regulatory Road Map indicates a potential 36-month pathway to production.
Scottie Resources (SCTSF) ha scelto Tetra Tech per condurre una Valutazione Economica Preliminare (PEA) per il suo progetto Scottie Gold Mine nel Golden Triangle della British Columbia, con completamento previsto per il quarto trimestre del 2025. Il progetto si basa su una Risorsa Mineraria Inferred di 703.000 once d'oro a 6,1 g/t e prevede un'operazione DSO che consegnerà concentrato d'oro a fonderie asiatiche, eliminando la necessità di un impianto di lavorazione e di una discarica di scarti. La strategia di sviluppo include una prima fase con una cava a cielo aperto poco profonda nella zona Blueberry seguita dalla produzione sotterranea. L'azienda ha avviato ulteriori studi tecnici, tra cui la Fase 2 dello studio di selezione del minerale e test di separazione a media densa, con risultati attesi tra il terzo e il quarto trimestre del 2025. Una Road Map Regolatoria completata indica un possibile percorso di 36 mesi fino alla produzione.
Scottie Resources (SCTSF) hat Tetra Tech mit der Durchführung einer vorläufigen wirtschaftlichen Bewertung (PEA) für sein Scottie Gold Mine Projekt im Golden Triangle von British Columbia beauftragt, mit Zielabschluss im vierten Quartal 2025. Das Projekt basiert auf einer abgeleiteten Mineralressource von 703.000 Unzen Gold bei 6,1 g/t und plant einen DSO-Betrieb, der Goldkonzentrat an asiatische Hütten liefert, wodurch eine Aufbereitungsanlage und eine Rückhalteanlage entfallen. Die Entwicklungsstrategie sieht zunächst eine flache Tagebaugrube in der Blueberry-Zone vor, gefolgt von einer Untertageförderung. Das Unternehmen hat zusätzliche technische Studien eingeleitet, darunter eine Phase-2-Erzsortierstudie und Tests zur Dichtemediensortierung, deren Ergebnisse im dritten bis vierten Quartal 2025 erwartet werden. Ein abgeschlossener regulatorischer Fahrplan weist auf einen möglichen 36-monatigen Weg zur Produktion hin.
Positive
Project contains significant high-grade resource of 703,000 ounces of gold at 6.1 g/t
DSO operation design eliminates need for processing plant and tailings facility, reducing capital requirements
Clear 36-month pathway to production identified through Regulatory Road Map
Multiple technical optimization studies underway to enhance project economics
Negative
Project still at early PEA stage with only Inferred Resources
Final study results pending for ore sorting and DMS testing
Regulatory approvals and permits still required
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR8) ("Scottie" or the "Company") is pleased to announce that it has selected Tetra Tech Inc. ("Tetra Tech") to lead the study work for a Preliminary Economic Assessment ("PEA") on its 100% owned Scottie Gold Mine Project, which includes the historic mine and adjacent Blueberry Contact Zone located in British Columbia's Golden Triangle mining jurisdiction.
The Company is targeting the completion of the PEA in Q4 2025. The PEA will investigate a high-margin DSO operation to deliver a gold concentrate to Asian copper/precious metals smelters. By design, 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. The PEA will be based on the recently reported Inferred Mineral Resource Estimate ("MRE") of 703,000 ounces of gold at an average grade of 6.1 g/t gold (see ). The project envisages a shallow open pit on the Blueberry Zone to start, followed by underground production from both Blueberry and the past-producing Scottie Gold Mine.
Sean Masse, COO of Scottie stated: "The selection of Tetra Tech as our PEA partner is a considerable step towards development. The PEA will allow us to clearly show the value of the deposits at the Scottie Gold Mine, and the minimal capital required to reach production. The pathway to production illustrated in our recently completed Regulatory Road Map clearly defines the necessary environmental considerations and permit requirements. The timelines for this mesh well with the necessary stages of engineering and technical studies required for production."
Additional Technical Studies
In conjunction with the initiation of the PEA study, Scottie has advanced additional studies on the project, including:
Initiation of Phase 2 - Ore Sorting Study
Initiation of a Dense Media Separation (DMS) Study
Completion of a Regulatory Road Map for Mine Permitting
Ore Sorting
The Phase 2 - Ore Sorting Study, led by ABH Engineering, is designed to follow up on the positive results from the previous PEA level study (see ). The Phase 2 test will consist of large three-stage cascade ore sorting tests on full scale XRF and XRT machines. The composite samples collected for these tests were designed to mirror the grades and mineralogy of zones in the Company's maiden resource estimate, with samples selected to represent the Blueberry open pit, Blueberry underground, and Scottie Gold Mine underground. The composite samples were created from ¼ core intervals taken from drill intercepts from the 2019-2024 drill programs. This phase of testing will help to determine the optimal sorting conditions suitable for production and will be suitable for a Feasibility level study. The samples have been shipped, and the tests are being done on full scale ore sorting machines based in Canada (XRT) and South Africa (XRF). Results are expected in early Q4 2025.
DMS testing
The DMS study is being completed by Sepro Systems ("Sepro") to assess the potential upgrade of the fines byproduct created due to onsite crushing before ore sorting. The initial scoping level test will use heavy liquid separation on ~20 kg samples to evaluate the effectiveness. Based on the strong associations between gold zones and sulphide minerals pyrrhotite and pyrite, favourable XRT results from the Phase 1 - Ore Sorting study, it is anticipated that DMS will prove to be a viable technique to further enhance the economics of the project. The composite sample has been created and shipped; the initial tests are expected to be completed in late Q3 2025.
Regulatory Road Map
To better understand the permitting pathways, timelines, and anticipated costs, Scottie engaged Falkirk Environmental Consultants ("Falkirk") to develop a Regulatory Road Map which was completed in May. The report provides a clear a pathway to production in as short as a 36-month timeframe and identified the critical risk factors and rate-limiting steps in the process. The company has developed a strategy and is commencing work on the critical path elements.
ABOUT SCOTTIE RESOURCES CORP.
Scottie owns a 100% interest in the Scottie Gold Mine Property which includes the Blueberry Contact Zone and the high-grade, past-producing Scottie Gold Mine. Scottie also owns 100% interest in the Georgia Project which contains the high-grade past-producing Georgia River Mine, as well as the Cambria Project properties and the Sulu and Tide North properties. Altogether Scottie Resources holds approximately 58,500 hectares of mineral claims in the Stewart Mining Camp in the Golden Triangle.
The Company's focus is on expanding the known mineralization around the past-producing mines while advancing near mine high-grade gold targets, with the purpose of delivering a potential resource.
All of the Company's properties are located in the area known as the Golden Triangle of British Columbia which is among the world's most prolific mineralized districts.
Gordon Robb Business Development / IR +1 250 217 2321 [email protected]
Forward-Looking Statements
This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
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FAQ
What is the gold resource estimate for Scottie Resources' (SCTSF) Scottie Gold Mine Project?
The project has an Inferred Mineral Resource Estimate of 703,000 ounces of gold at an average grade of 6.1 g/t gold.
When is Scottie Resources' (SCTSF) PEA expected to be completed?
The Preliminary Economic Assessment (PEA) is targeted for completion in Q4 2025.
What is unique about Scottie Resources' (SCTSF) proposed mining operation?
The project will be a DSO operation delivering gold concentrate to Asian smelters, eliminating the need for a gold processing plant and tailings facility, reducing capital requirements and environmental footprint.
What is the timeline for Scottie Resources (SCTSF) to potentially begin production?
According to the Regulatory Road Map, the project has a potential pathway to production in as short as a 36-month timeframe.
What technical studies is Scottie Resources (SCTSF) currently conducting?
The company is conducting Phase 2 Ore Sorting Study and Dense Media Separation (DMS) testing, with results expected in Q3-Q4 2025.
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