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Scottie Resources - Advancing a New High-Grade Gold Discovery in BC's Golden Triangle

Scottie Resources (TSXV:SCOT): Unlocking high-grade gold potential in BC's Golden Triangle. Aggressive exploration, strategic acquisitions, and a 2M oz target.

  • Scottie Resources closed an $8.1M royalty deal with Franco Nevada, providing 2 years of funding
  • 60,000 meters of drilling has been completed to date, highlighting high-grade gold potential
  • Significant consolidation and strategic acquisitions in BC's Golden Triangle
  • Targeting a 2M oz gold resource with expansion potential on underexplored land package
  • CEO believes timing is right for additional interest and M&A in the area

About Scottie Resources

Scottie Resources (TSXV:SCOT) is a gold exploration company focused on advancing its high-grade gold assets in the prolific Golden Triangle area of British Columbia, Canada. Through strategic acquisitions and diligent exploration, the company has consolidated a significant land package with district-scale potential. With a seasoned management team, strong financial backing, and a proven exploration strategy, Scottie Resources is well-positioned to unlock value for shareholders as it progresses its flagship projects.

Interview with President & CEO, Bradley Rourke

Unveiling the Potential of the Scottie Gold Mine

At the heart of Scottie Resources' portfolio lies the past-producing Scottie Gold Mine. While historical mining ceased due to challenging economics in the 1980s, the company recognized the untapped potential of this high-grade gold system. Through an aggressive 60,000-meter drill campaign, Scottie Resources has breathed new life into the project, demonstrating the presence of substantial high-grade gold mineralization.

The company's drilling efforts have yielded impressive results, with numerous high-grade intercepts and the discovery of the Blueberry Zone, a near-surface gold zone with significant expansion potential. These results have caught the attention of major players in the industry, with the likes of Franco Nevada Corporation (NYSE:FNV) recently investing in the company through a C$8.1 million royalty deal.

Landmark Royalty Deal with Franco Nevada

In a significant milestone, Scottie Resources recently closed an C$8.1 million royalty deal with Franco Nevada Corporation, a leading gold-focused royalty and streaming company. The deal includes a 2% net smelter return (NSR) royalty on the Scottie Gold Mine property and a C$1.5 million equity investment in Scottie Resources.

This strategic partnership with Franco Nevada provides a strong endorsement of the potential at the Scottie Gold Mine and the company's broader land package. The proceeds from the royalty sale and equity investment will be used to fund ongoing exploration and development activities, allowing Scottie Resources to aggressively advance its projects without the need for dilutive equity financings in the near term.

Exploring a District-Scale Land Package

While the Scottie Gold Mine is the flagship asset, Scottie Resources has quietly assembled a district-scale land package in the heart of the Golden Triangle. The company's properties are strategically located near major gold deposits and mines, including Ascot Resources' Premier Gold Project and Newcrest Mining's Brucejack Mine.

Scottie Resources' extensive land package remains largely underexplored, presenting immense opportunities for new discoveries. The company's geological team has identified multiple high-priority targets that share similar characteristics to the known mineralization at the Scottie Gold Mine. These targets, including the Domino Zone and the Scottie West Property, are slated for drilling in the upcoming exploration seasons.

Building a Compelling Resource Base

With a growing understanding of the geological controls on mineralization, Scottie Resources is targeting a multi-million-ounce gold resource at its Golden Triangle properties. The company's initial goal is to define a 2-million-ounce resource, with significant potential for further growth as exploration advances.

The high-grade nature of the mineralization, coupled with the favorable geography and infrastructure in the area, bodes well for the economic viability of any future mining operation. As Scottie Resources continues to drill and define its resource base, the company is poised to attract further interest from major gold producers seeking to secure high-quality assets in tier-one jurisdictions.

The Investment Thesis for Scottie Resources

  • Exposure to high-grade gold in a world-class mining jurisdiction
  • Significant land package with district-scale potential
  • Strong financial backing and institutional support
  • Proven management team with a track record of success
  • Compelling valuation with significant upside potential as resource grows
  • Potential for M&A as majors seek to secure high-quality assets

Conclusion

Scottie Resources represents a unique investment opportunity in the junior gold exploration space. With its high-grade gold assets, strategic location, and strong financial backing, the company is well-positioned to create significant value for shareholders. As the company continues to advance its flagship Scottie Gold Mine and unlock the potential of its broader land package, Scottie Resources is poised to emerge as a dominant player in the Golden Triangle.

For investors seeking exposure to high-grade gold in a tier-one jurisdiction, Scottie Resources presents a compelling investment case. With a proven management team, a robust exploration strategy, and a growing resource base, the company is an attractive option for those looking to capitalize on the bull market in gold.

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