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Scottie Resources – First High-grade Gold Assay Results From The 52,000 Metre 2026 Drill Program

The KE Report Sep 13, 2026 19:06

Summary

Scottie's first 2026 drill assays from the Blueberry Contact Zone returned 9.7 g/t gold over 18 m, plus 26.2 g/t over 2.45 m in another hole.

Eight diamond drills have completed about 44,000 metres so far, on track for 52,000-56,000 m within the original 50,000 m budget.

The three-pronged 2026 program targets inferred-to-indicated upgrades, vein expansion, and step-out drilling to feed a 2027 feasibility study and 2028 production.

A 2025 bulk sample proof of concept returned 4,600 tons at 14.5 g/t gold, validating the direct-ship-ore strategy with Ocean Partners ahead of mill build-out.

Environmental baseline work is more than 50% complete and the First Nations IBA is advancing; a JAPA permit application follows the feasibility study.

Key points on Scottie Resources

  • First headline assays from the 2026 program returned 9.7 g/t gold over 18m and 26.2 g/t gold over 2.45m at the Blueberry contact zone, released to the market on September 9, 2026.
  • The company has completed about 44,000m with eight drill rigs and expects to surpass its 50,000m target on the same budget, potentially reaching 52,000–56,000m, calling it one of the larger programs in the sector.
  • The 50,000m program is structured three ways: convert inferred resources to indicated for the feasibility study, expand known veins (including at depth at Blueberry and the Scotty Gold Mine area), and dedicate roughly 15,000m to step-outs and new targets such as Domino.
  • Last season's bulk sample validated the direct-ship model — 4,600 tons at 14.5 g/t were hand-sorted, trucked, and shipped via Ocean Partners, generating roughly $9M in profit.
  • Engineering is essentially complete, the environmental baseline is more than half done, and underground permits for the Scotty mine are in hand; the company targets a JAPA permit and 2028 production, and says it is profitable at $2,600 gold with a current valuation near $250M.

Shad Markowitz's takeaways

  • Top takeaway The guest frames the first 2026 assays — 9.7 g/t gold over 18m and 26.2 g/t over 2.45m at the Blueberry contact zone — as the headline result investors should focus on.
  • The guest notes this is the biggest drill program he has seen from the company, with eight rigs turning and a multi-month stream of assay news still to come.

Brad Rourke's takeaways

  • Top takeaway The guest argues the company is a special-situation undervalued at roughly $250M, pointing to a 50,000m drill program plus a feasibility study and updated MRE due in about 10 months, and a path to production roughly a year out.
  • The guest cites last season's bulk sample — 4,600 tons at 14.5 g/t, hand-sorted, yielding about $9M in profit — as proof of concept for the gravel-quarry-style crushing and sorting process shipped via Ocean Partners.
  • The guest says the 2026 program is three-pronged: upgrade inferred to indicated for the feasibility study, expand known veins (notably at depth at Blueberry), and roughly 15,000m on step-outs and new targets, with deep holes already drilled at Domino awaiting assays.
  • The guest outlines that mine engineering is done, the environmental baseline is over halfway complete, IBA work with the Nisga'a and Skii km Lax Ha is progressing, and a JAPA permit (following Ascot's precedent) should enable 2028 production, with underground permits already secured for the Scotty mine.