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The latest announcement is out from Scottie Resources Corp ( (TSE:SCOT) ).
Scottie Resources Corp has reported promising drilling results from its 2025 exploration program at the Blueberry Contact Zone within the Scottie Gold Mine Project. The company intercepted significant gold grades, including 7.43 g/t over 18.75 meters and 37 g/t over 2.85 meters, which bolster confidence in the continuity of mineralization. The ongoing 25,000-meter drill program is less than 15% complete, with further results expected throughout the year. In addition, bulk sample activities are progressing on schedule, with processing planned for mid-October. These developments are crucial for evaluating the project’s potential and guiding future steps.
Spark’s Take on TSE:SCOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:SCOT is a Neutral.
Scottie Resources Corp’s stock score reflects the company’s challenging financial performance, with no operational revenue and ongoing losses. While the absence of debt and recent positive corporate developments provide some support, these factors are overshadowed by the bearish technical indicators and negative valuation metrics. The new project launch offers a glimmer of hope but requires successful execution to positively impact the stock.
To see Spark’s full report on TSE:SCOT stock, click here.
More about Scottie Resources Corp
Scottie Resources Corp is a mining company focused on the exploration and development of gold projects. Its primary asset is the Scottie Gold Mine Project located in British Columbia, which includes the past-producing Scottie Gold Mine and the Blueberry Contact Zone.
Average Trading Volume: 105,203
Technical Sentiment Signal: Buy
Current Market Cap: C$108.1M
For a thorough assessment of SCOT stock, go to TipRanks’ Stock Analysis page.