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Mining Stock Daily
Scottie Resources Provides New Drill Results (and more to come) Heading into its Resource Estimate
Jan 7, 2025
Brad Rourke, CEO of Scottie Resources, shares insights into the mining exploration world. He discusses recent drill results, particularly from the Scotty Gold Mine, which showed exceptional gold grades. The conversation veers into the promising potential of the Blueberry zone and the importance of upcoming resource estimates for economic strategies. Brad highlights ambitious exploration plans for 2024, ensuring a focus on validation and expansion as they venture into significant discoveries in the near future.
16:14
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Quick takeaways
- Scottie Resources is shifting its strategy in 2024 to focus on resource estimation rather than extensive drilling, targeting a maiden resource of approximately one million ounces.
- The economic implications of the resource estimates highlight the company’s potential for profitability by leveraging its location and existing infrastructure in the upcoming studies.
Deep dives
Correction on Drill Results
The episode begins with a correction regarding the drill results from Scotty Resources, clarifying that more results from the blueberry zone are still forthcoming. While initial reports indicated the results were final for the last season's work, the company is preparing additional releases for January. The CEO highlights the importance of these upcoming results, particularly with several industry conferences approaching in Vancouver. Overall, the emphasis is on the ongoing exploration and preparation for future disclosures related to the project’s resources.
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