Juniors Scottie Resources and AUX Resources have completed their amalgamation, combining two sizeable and complementary land packages in the Stewart mining camp.
The amalgamation with AUX significantly increases Scottie’s land package in the Stewart area from just over 25 000 ha to more than 50 000 ha, says president and CEO Bradley Rourke.
“Bringing in the Georgia River mine project along with the Scottie gold mine means we are now simultaneously pushing forward two high-grade gold past-producing mines that have been chronically underexplored,” he adds.
“Our seasoned exploration team will use their experience advancing the Scottie gold mine to efficiently explore the potential expansion of what is already an incredibly gold-rich system. At Scottie, drilling on the Blueberry zone has commenced, and additional drills will arrive on site in the coming days to begin drilling at Georgia River and the Scottie Gold mine.”
The management and board of Scottie remains intact. All directors and officers of AUX resigned. The trading AUX was halted on Wednesday and the company will be delisted from the TSX-V on Monday.