02:07 PM EDT, 05/07/2025 (MT Newswires) -- Scottie Resources ( SCTSF ) on Wednesday said it completed its maiden inferred mineral resource estimate for its Scottie Gold Mine Project, which includes the mine, and the adjacent Blueberry Contact Zone in the Golden Triangle region in northwest British Columbia.

The inferred MRE shows 703,000 ounces of gold consisting of 528,000 ounces at 8.7 grams per tonne of underground resources and 174,000 ounces at 3.2 g/t in the shallow pit constrained resource. The company said the opportunity to further expand both the open pit and underground resources exists as the deposits are open in several directions.

"The release of the MRE is a significant milestone for the company as we advance our DSO (direct ship ore) project through studies towards production," said Chief Executive Brad Rourke. "A key aspect for us was the limited drilling needed to characterize this initial resource, which we believe signifies the considerable upside available through continued exploration."

During the 2025 exploration drilling campaign, Scottie said it will focus on converting the resources from inferred to indicated with infill drilling as well as expansionary drilling on high quality targets close to the deposits. It noted a particular benefit in targeting the undrilled pit-constrained envelope on the siltstone side of the deposit (a high-confidence target), as any additional ounces discovered will convert waste to resources and significantly improve the contained ounces.

Scottie added that it will continue to speed-up the project and expects to complete a preliminary economic assessment before the end of 2025, with the help of the "positive" MRE.

The company's shares were last seen down $0.04 to $0.87 on the TSX Venture Exchange.

Price: 0.87, Change: -0.04, Percent Change: -4.40