Scottie Resources (TSX-V:SCOT) is finalising to interpret the latest drill results and outline its 2026 exploration plans in the coming weeks, after receiving the final assays from a 2025 drilling of various zones within the Blueberry Contact Zone in Canada.
In 2025, Scottie completed its biggest drill season ever, with more than 27,300m across 126 holes completed. The program delivered the best gold intercept ever recorded on the property, including 23.65m @ 30.1 grams per tonne gold.
President Thomas Mumford says as the company tightened up drilling, Scottie continued to see the same strong gold zones repeat across multiple areas of the project.
“With more than C$26 million in flow-through funds available, we are fully financed to undertake what will be our most ambitious drill program to date, as we advance the Scottie Mine Project towards completing a Feasibility Study in the first half of 2027,” Mumford says.
Earlier this month, Scottie received drill results which are rapidly evolving from lightly drilled to a ‘cornerstone growth asset’. Infill and expansion drilling, completed in 2025, has further shown the grade profile and strong continuity at Blueberry, reinforcing its importance to the development strategy and highlights potential to enhance the project’s robust economics.
The Blueberry Contact Zone, located 2km northeast of the past-producing Scottie Gold Mine in British Columbia’s Golden Triangle.
Gold continues to be used as a safe haven asset and inflation hedge by investors. Likely further US interest rate cuts are likely to support prices – as the opportunity cost of holding the precious metal declines – as will ongoing concerns about the US fiscal outlook and persistent inflation in America. Analysts say these factors should more than offset an expected price reduction from easing geopolitical tensions.
The World Gold Council’s Gold Return Attribution Model suggests investment activity is largely being driven by speculation about gold prices based on perceptions of future geopolitical and fiscal risks.
Continued gold purchases by central banks appear to reinforce investor confidence in the price. Gold is being used by central banks as a currency hedge and a financial asset with which to manage risks, including sovereign risk.
The precious metal is expected to remain strong at around US$4,000 an ounce over 2026 but prices are projected to fall in 2027.
Scottie Resources will be in attendance at this year’s Prospectors & Developers Association of Canada (PDAC), held from 1-4 March in Toronto, Canada. Mining.com.au is a media partner for this year’s convention and will be reporting from the floor.
Write to Aaliyah Rogan at Mining.com.au
Images: Scottie Resources
