SCTSF News

Scottie Resources is advancing a high-grade gold project in British Columbia’s Golden Triangle using a direct shipping ore model designed to reduce the cost, infrastructure and time required to reach responsible production. Scottie Resources currently has a resource of approximately 700,000 ounces of gold, located about 40 kilometres from the deep water port at Stewart, BC. Rather than constructing a conventional mill and tailings facility, the company plans to produce high-grade material and transport it directly to port for shipment to a refiner that has already agreed to purchase the ore on viable commercial terms. A Preliminary Economic Assessment estimated approximately $130 million in initial capital costs for the project. The company has already tested its model through a bulk sample, mining, transporting and selling the material to off take partner Ocean Partners. According to management, the program generated more than $9 million in net profit. Scottie is now completing its largest-ever drill program at 50,000 metres, following 27,000 metres drilled last year. Neither program is included in the current resource, providing the basis for a planned updated resource estimate and potential resource growth. For more information on Scottie Resources, (TSX.V:SCOT) please click the request investor info button. ‍