Scottie Resources Corp. Announces Landmark Mineral Resource Estimate Amid Trading Halt

In a significant development for the gold mining sector, Scottie Resources Corp., a Vancouver-based company operating within the renowned Golden Triangle mining district in British Columbia, has announced its maiden mineral resource estimate for the Scottie Gold Mine DSO Project. This announcement, made on May 7, 2025, marks a pivotal moment for the company, which is listed on the TSX Venture Exchange.

The newly disclosed resource estimate reveals a high-grade gold resource comprising 703,000 ounces at an average grade of 6.1 grams per tonne. Notably, the discovery costs were remarkably low, at 12.25 gold ounces per metre drilled at the Blueberry Contact Zone. This efficiency in discovery, coupled with the existing infrastructure such as roads, port access, and power lines, significantly reduces capital requirements for the project. The DSO (Directly-Supported Ore) concept adopted by Scottie Resources enables low initial capital costs and promises quick investment payback, with the resource remaining open for expansion in several directions.

Despite the promising nature of this announcement, trading of Scottie Resources Corp. shares was temporarily halted by the Canadian Investment Regulatory Organization (CIRO) on the same day. The halt, effective from 11:27 AM ET, was due to pending news, a common practice by CIRO to ensure a fair and orderly market. This regulatory pause underscores the significance of the announcement and its potential impact on the company’s valuation and investor interest.

The resource estimate is entirely in the Inferred category, indicating that while the findings are promising, additional drilling is required to upgrade the resource to a higher confidence category. Scottie Resources Corp. has plans to complete a Preliminary Economic Assessment (PEA) by the end of 2025, which will further detail the project’s advancement and economic viability.

As of the close of trading on May 4, 2025, Scottie Resources Corp. had a market capitalization of 43,150,000 CAD, with a close price of 0.91 CAD. The company’s financial metrics, including a Price Earnings Ratio of -8.48, reflect the speculative nature of its current phase, with significant potential for growth as the project progresses.

This announcement is a testament to Scottie Resources Corp.’s strategic focus on expanding known mineralization around past-producing mines and pushing forward high-grade gold targets. With its operations concentrated within the Golden Triangle, the company is well-positioned to leverage its geographical advantage and existing infrastructure to advance its project and deliver a potentially lucrative resource to the market.

Investors and industry observers will be keenly watching the company’s next steps, particularly the completion of the PEA and any subsequent upgrades to the resource category. As Scottie Resources Corp. moves forward, its ability to efficiently manage discovery costs and leverage its strategic location will be critical factors in its success and potential impact on the gold mining sector.