12:18 PM EST, 11/21/2024 (MT Newswires) -- Scottie Resources ( SCTSF ) on Thursday reported new assays from its 2024 drilling program on the the O-, M-, and N Zones at the historic Scottie Gold Mine (SGM) in British Columbia.

The drilling intercepted multiple high-grade gold intervals around the historic mine and will be used in the project's maiden Mineral Resource Estimate (MRE), planned for Q1 2025.

Best results included 8.30 grams per tonne (g/t) gold over 9.70 meters including 10.30 g/t gold over 6.01 meters in the N Zone and intersected 7.52 g/t gold over 6.47 meters at the O Zone.

"These results demonstrate the strong grades and widths of the underground SGM deposit, and the upside from continued exploration drilling," said chief executive Brad Rourke. "These intercepts bolster the geological modelling of the deposit, and when combined with the Blueberry Contact Zone together will form a robust maiden resource that we plan to deliver in the new year."

The company's shares were last seen up $0.02, or 15%, to $0.15 on the TSX Venture Exchange.

Price: 0.15, Change: +0.02, Percent Change: +15.38