[ High-Grade Satellite ]

The Georgia Project

17,625 hectares on ice-free tidewater, 16 km south of Stewart — centred on the past-producing 22.6 g/t Georgia River Mine.

17,625 hasurrounding the past-producing mine

22.6 g/thead grade when it last operated in 1939

165 g/t Augrab sample from the 2023 vein discovery

16 kmfrom Stewart on ice-free tidewater

[ Overview ]

A Mine-Sized System, Barely Drilled

The Georgia River Mine last operated in 1939 with a head grade of 22.6 g/t gold and contains 1.2 km of underground access on three levels. Historic work focused almost exclusively on the existing mine workings — leaving the much larger hydrothermal system essentially untested.

In 2023, prospecting discovered a new high-grade vein structure that had never been sampled: initial samples yielded 165 g/t gold with abundant visible gold, 3.5 km along strike from the historic mine — with similar geology and orientation to the veins previously mined.

A 1990 historic estimate for the SW Vein (276,403 t at 27.6 g/t Au) pre-dates NI 43-101 and is not treated as a current mineral resource.

[ Drill Highlights ]

Gold Where They Left Off

9.56 g/t Auover 9.30 m

incl. 16.1 g/t over 5.0 m — GE21-31 (2021)

62.5 g/t Auover 2.24 m

with 36.6 g/t silver — GE20022 (2020)

69.1 g/t Auover 4.14 m

with 35.5 g/t silver — GE20023 (2020)

178.4 g/t Auover 0.49 m

historic intercept, with 171 g/t silver

119.2 g/t Auover 1.4 m

incl. 342.5 g/t over 0.3 m — historic

140.8 g/t Auover 0.6 m

with 213.5 g/t silver — historic

Claims map of the Georgia River project — The Georgia River claims and the historic mine. Click to enlarge.

[ The Historic Mine ]

1.2 km of Underground, Waiting

The Georgia River Mine was explored from the 1970s onward by several companies intent on restarting it — but that historic work focused almost exclusively on the area around the existing workings, which sit in the footwall of a major deformation zone.

Gram-plus gold values over 590 metres of projected surface trace, and the veins in the old mine itself, confirm a potentially large Early Jurassic hydrothermal system — of which only a small part has ever been drill-tested. Scottie's 2020 program added 3,600 m in 24 holes, extended mineralization along strike and at depth, and recovered and assayed 2,750 m of historic core.

Sampling a mineralized vein on the Georgia Project — Sampling mineralized veins on the Georgia Project

High-grade vein sample from the Georgia Project — High-grade quartz vein sample

Vein material from the Georgia Project — Vein material from the 2023 program

Next Steps at Georgia

Mapping and sampling between the 2023 discovery and the historic mine will test whether mineralization is continuous across 3.5 km of strike.

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