Scandium Canada Intersects 124.9 m at 232 ppm Scandium Oxide at Crater Lake and Identifies a Favourable Corridor of Nearly 3 km
NewsfileAug 26, 2026 · 10 days ago
Analyst Takeaways
- Scandium Canada's first assay results from Crater Lake confirm the TG deposit maintains economic-grade scandium oxide (232 ppm ScO₂) at shallow depths starting at 7.3 m, reducing potential mining costs.
- A 5 km magnetic corridor identified by drone survey suggests significant exploration upside, with 3 km of untested ground between the Discovery Area and TG deposit warranting systematic drilling.
- The 124.9 m intersection length demonstrates consistent grade continuity over substantial vertical intervals, a positive indicator for resource tonnage expansion in the updated estimate.
- Shallow mineralization and favorable geophysical signatures position Crater Lake as a lower-risk development prospect relative to deeper or structurally complex scandium deposits.
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HIGHLIGHTSFirst drill assay results from the 2026 Crater Lake drilling program confirm TG deposit grade intersected as shallow as 7.3 m downhole;A new high-density, low-altitude drone magnetic survey has identified a magnetic corridor running close to 5 km, from the south of the STG zone to the northern limit of the TG deposit. About 3 km of that corridor runs from the southern limit of the Discovery Area to the north of the TG deposit;An updated mineral resource estimate is targeted for before...
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