Scottie Resources (TSXV: SCOT) has entered into a letter of intent with AUX Resources (TSXV: AUX) for a merger that would consolidate the two companies’ gold-silver holdings in the Stewart mining camp in B.C.’s Golden Triangle into a total of 522 sq. km.
“Historically the Stewart mining camp has operated as a patchwork of small land packages, which unfortunately impedes regional exploration in the area. The extensive and complementary land positions of Scottie and AUX naturally support consolidation, creating a geological relevant district scale mineral tenure remarkably endowed with historic mineral showings and small-scale past-producing mines,” Brad Rourke, Scottie CEO, said in a release.