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Scottie Resources: Continuing to Uncover High-Grade Gold in BC's Golden Triangle

Scottie Resources is advancing its high-grade Blueberry gold project in BC's prolific Golden Triangle. 2022 drilling hit 9 g/t over 16m, expanded Blueberry to 1.4km strike length. Drilling continues in 2023.

  • Scottie Resources is a gold exploration company focused on the Golden Triangle in British Columbia.
  • The company started with just 400 hectares and old data from historic mines, now holds 60,000 hectares.
  • This season
  • Scottie drilled 17,000 meters at its Blueberry zone, hitting high-grade intercepts showing the deposit is open.
  • The company has strong shareholder support including Eric Sprott, Yamana Gold, and funds like Gold 2000.
  • Scottie is fully funded for next season with 6 drills secured to continue expanding the Blueberry zone.

Tucked away in the mountains of northwest British Columbia lies one of the world's most prolific gold districts. Known as the Golden Triangle, this region has delivered some of Canada's richest gold deposits and mines. Seabridge Gold's KSM project hosts 38 million ounces of gold reserves, making it the largest undeveloped gold project in the world. Newcrest Mining recently acquired Pretium Resources and its Brucejack mine in a $3.5 billion deal. This high-grade gold mine has produced over 1 million ounces since opening in 2017. With high-profile projects like these, it's no wonder the Triangle attracts so much interest from major mining companies.

One junior explorer that calls the Golden Triangle home is Scottie Resources Corp. Scotty was founded in 2016 by CEO Brad Pyatt, with a focus on consolidating land and assets in this prolific region. As Pyatt explained, "I started out as an investor trying to help out just some local guys and 6 months into that operation...I figured out pretty quick that I was gonna lose that money and I took this company over."

Initially, Scottie Resources held just 400 hectares and the past-producing Scottie Gold mine. But through over a dozen transactions, Scotty has expanded its portfolio to nearly 60,000 hectares of prospective ground. "It was a little bit easier because I lived in the area, it allowed me to kind of pick up these lands where probably for a lot cheaper than anybody like if a bigger name came in," said Pyatt.

"We're really going to lean into it hard next season. We've already secured 6 drill rigs for next year so we're really going to lean into it hard." - Brad Pyatt, CEO

Scottie's main focus is on two high-grade gold projects - the Scottie Gold Mine and the more recently discovered Blueberry Zone. Exploration over the past three years has unearthed exceptional drill results at Blueberry including intervals like 7.5 g/t gold over 34 meters. As Pyatt explained, "We're the only other company ever to drill on this thing in the last 40 years."

This past season, Scottie Resources drilled over 17,000 meters with stunning results. Pyatt said, "We really went for it this year and again we've been putting out just bombs this has been beautiful." Highlights include 9.0 g/t gold over 16 meters and 7.4 g/t over 24 meters. Step-out drilling has expanded the Blueberry zone to 1.4 km strike length and it remains open.

An updated mineralization model for Blueberry shows continuity both along strike and at depth. Pyatt emphasized that this only incorporates 7,000 meters of drilling prior to this season. With another 15,000 meters added in 2022, Scottie has traced strong mineralization across 1.4 km strike and down 400 meters dip - underpinning a large open-pit target. Thanks to the success at Blueberry, Scottie Resources has already secured 6 drill rigs for the 2023 season. "We're really going to lean into it hard," stated Pyatt. The company will continue aggressive step-outs to build scale at Blueberry. Plus new geophysics has identified additional targets to test.

The key to Scottie's exploration edge lies in the local knowledge and technical expertise of its team. Pyatt has lived in the Golden Triangle for years, allowing him to acquire undervalued assets. Exploration is led by veteran geologist Thomas Mumford, who developed the lithological contact theory that unlocked Blueberry's high-grade potential.

"This past season, Scottie Resources drilled over 17,000 meters with stunning results. Pyatt said, 'we really went for it this year and again we've been putting out just bombs this been beautiful.'"

Pyatt has also assembled an impressive board of directors and advisors. This includes John Williamson, a 35-year industry veteran who founded Kaminak Gold; Steven Stein, founding shareholder of Black Diamond Group; and Ernest Mast, former President of Cobre Panama and CEO of New Gold. Their experience in building and operating major mines will be invaluable as Scottie Resources advances its projects.

Despite tough market conditions, Scottie Resources has attracted strong support from leading investors. This includes a 9.9% stake from a prominent Swiss family office, 10% held by legendary mining investor Eric Sprott, and 7% owned by Yamana Gold. With no debt and $5 million in cash, Scotty is fully funded for an aggressive 2023 drill campaign.

As Pyatt stated, "We haven't lost any money so are we going to be one of these green shoots? I'm still just a 50 million dollar market cap and I think in the past...that value can be created." In a market hungry for high-grade gold discoveries in safe jurisdictions, Scottie Resources presents a compelling opportunity.

The Investment Thesis for Scottie Resources

  • Located in BC's Golden Triangle, one of the world's top districts for high-grade gold deposits
  • Consolidated 60,000 hectares of prospective ground, up from just 400 hectares in 2016
  • Drilling at Blueberry zone hitting exceptional high-grade gold intercepts
  • 2022 drilling expanded Blueberry to 1.4 km strike length, open along strike and at depth
  • Secured 6 drill rigs for 2023, targeting further expansion of Blueberry
  • Strong technical team with extensive local expertise led the Blueberry discovery
  • Backed by leading resource investors including Eric Sprott and Yamana Gold
  • Tight share structure with only 243M shares outstanding and no debt
  • With $5M cash, fully funded for continued aggressive drilling at Blueberry

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