Scottie raising up to $27 million for B.C. gold mine project - resourceworld.com

AI desk brief

Scottie Resources is seeking up to C$27 million in a non-brokered placement to fund technical studies and permitting at its Scottie gold mine project in British Columbia. The company says the 2026 drill program is expected to total 56,000 metres; more than 40,000 metres has already been completed in 160 holes, with recent drilling aimed at upgrading inferred ounces to indicated, expanding vein zones and testing new targets.

The project currently carries an inferred resource of 703,000 ounces at 6.1 g/t, and the preliminary economic assessment outlines initial capex of C$128.6 million, average annual production of 65,400 oz over seven years and a 1.7-year payback. Management also highlighted the historical Scottie mine, which produced 95,426 oz before shutting in part due to lower gold prices and high interest rates; the latest hole from Blueberry Contact returned 9.7 g/t over 18 metres, including 40.4 g/t over 2 metres.