Scandium Canada Intercepts 150.1 Meters of Scandium Oxide at Crater Lake Project
Scandium Canada Ltd. (TSXV:SCD) has reported positive drilling results from its Crater Lake project. A drill hole located roughly 150 meters north of the current TG deposit intercepted 150.1 meters grading 292 parts per million of scandium oxide. This finding suggests the mineralization could extend by approximately 335 meters beyond the existing resource boundaries.
The step-out success is a key step in expanding the potential scale of the project, which could improve future mine plans and overall asset economics. The company has nearly completed its 2026 drilling campaign, having drilled 45 holes totaling 9,102 meters to support resource growth. Additionally, a vertical integration strategy known as Scalium+ could provide an internal path for commercialization.
Investors should look out for the remaining assay validations from the 2026 drilling program. Once these results are verified, they will be used to compile an updated mineral resource estimate. This updated formal resource estimate will serve as the next major milestone for evaluating the project's scale.
Key points
- Scandium Canada intercepted 150.1 meters at 292 ppm scandium oxide in a step-out drill hole.
- The drill result was located about 150 meters north of the current TG deposit at Crater Lake.
- The intercept indicates a potential mineralization extension of approximately 335 meters.
- The company drilled 45 holes totaling 9,102 meters during its 2026 campaign.
- Validated assay results will be used to prepare an updated mineral resource estimate.
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How we writeDisclaimerQuestions and answers
Where did Scandium Canada find the new drilling intercept?
The company intercepted the mineralization in a drill hole located about 150 meters north of the current TG deposit at its Crater Lake project.
How could these drilling results impact the Crater Lake project?
The results could extend the known mineralization by about 335 meters, which may expand the overall resource size and improve future mine economics.
What is the next step for Scandium Canada after these results?
The company will validate the remaining assays from its 45-hole 2026 drilling program and use the data to publish an updated mineral resource estimate.