Scorpio Gold Stock Price, News & Analysis

Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) has significantly expanded its land position at the Manhattan project, increasing from 2,063 hectares to approximately 4,779 hectares. This expansion includes the staking of over 2,716 hectares of new unpatented claims, driven by a review of historic exploration data compiled by Kinross Gold and Scorpio Gold.

The Manhattan District has historically produced over 600,000 ounces of gold from various mining operations. The area is characterized by low sulfidation epithermal gold and silver mineralization, as well as Carlin-type mineralization in certain parts. The new claims show anomalous metals in soils, particularly elevated gold, arsenic, and antimony, which are proximal to a low angle thrust contact between geological formations.

Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) has announced its participation in the upcoming Metals Investor Forum in Vancouver on September 20-21, 2024. CEO Zayn Kalyan will deliver a corporate presentation on September 20th at 10:40am PT. The company has also completed two share-for-debt transactions, issuing 18,950,411 common shares to extinguish $4,098,099 in debt. Additionally, Scorpio Gold has engaged the Mining Stock Daily Podcast for priority dissemination and advertising services, agreeing to pay US$6,000 per month for 12 months, subject to TSX Venture Exchange approval.

Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) has completed Phase 1 of its 2024 Manhattan drill campaign and is commencing Phase 2. Phase 1 consisted of 5 drill holes totaling 1,178 meters, while Phase 2 will include 13 holes covering 3,109 meters. The program aims to extend known mineralization and bridge the Goldwedge and Manhattan targets into a larger resource. Key points:

• Manhattan is a low-sulfidation epithermal gold deposit in Nevada
• Previous drilling campaigns in 2022 and 2021 yielded significant results
• The program's goal is to support a NI 43-101 compliant resource report
• Daniel Kunz & Associates is providing technical consulting
• The company plans to settle $750,000 in debt through share issuance

Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) has commenced trading on the OTCQB Venture Market under the symbol 'SRCRF' on July 18, 2024. The company's shares are now eligible for DTC services, facilitating electronic clearing and settlement in the United States. Scorpio Gold will continue trading on the TSX Venture under 'SGN'.

The OTCQB listing aims to provide greater exposure and trading convenience for U.S. investors, potentially enhancing liquidity and diversifying the investor base. CEO Zayn Kalyan expressed optimism about the company's Nevada-based assets resonating with U.S. capital markets.

Additionally, Scorpio Gold has issued 3,650,000 incentive stock options to directors, officers, and consultants, exercisable at $0.15 per share with varying expiry dates in 2029 and 2030.

Scorpio Gold (OTC Pink: SRCRF) has appointed Harrison Pokrandt as their new Vice President of Exploration. Mr. Pokrandt brings over eight years of diverse geologic experience, working on significant gold deposits globally, including projects in Canada, the US, Uzbekistan, Finland, Japan, and Mali. He has previously contributed to major projects like B2Gold's Fekola and Skeena Resources' Eskay Creek.

In his new role, he will lead Scorpio's exploration initiatives, focusing on the current drill campaign at the Manhattan Mine. Mr. Pokrandt's expertise includes corporate development and the use of machine learning for prospectivity analysis, which Scorpio aims to leverage for resource expansion and production acceleration. Additionally, Scorpio's shareholders have approved a new equity incentive plan.

Scorpio Gold (TSXV: SGN) has appointed Charles Funk to its newly formed advisory panel.

Funk, President and CEO of Heliostar Metals (TSXV: HSTR), brings over 18 years of experience in exploration, business development, and company management. He has led multiple deposit discoveries and contributed to capital raises exceeding $200 million.

Funk’s expertise will aid Scorpio's initiatives, including the Manhattan project, aimed at filing an NI-43101 compliant resource later this year. This strategic move aims to enhance Scorpio's team capabilities and shareholder value as it progresses its projects in Nevada’s Walker Lane Trend.

Scorpio Gold has announced the commencement of its 2024 Exploration Program at the Manhattan District in Nye County, Nevada. Phase 1 of the program involves drilling 5 initial holes, followed by 20 additional holes totaling 4,260 meters throughout 2024. The Manhattan District, known for its low-sulfidation epithermal gold deposits, will see surface diamond drilling to extend known mineralization along the Reliance Fault zone and other key structures. The goal is to produce a NI 43-101 compliant resource report later this year. The program will also include metallurgical testing using drill core samples. Additionally, the company has approved the settlement of $26,430 debt through the issuance of shares, subject to TSX Venture Exchange approval.

Scorpio Gold (TSXV: SGN, OTC Pink: SRCRF, FSE: RY9) has appointed William M. Sheriff to its Board of Directors. Mr. Sheriff, founder and Executive Chairman of enCore Energy, has over 40 years of experience in the minerals industry and has raised over $500 million in public markets. His experience includes founding Energy Metals Corp. and playing a key role in its $1.8 billion acquisition by Uranium One Corp. He brings significant expertise in uranium and gold exploration, with assets across the US and Canada. Scorpio Gold's CEO, Zayn Kalyan, welcomed Mr. Sheriff, emphasizing his valuable knowledge of Scorpio's assets. This addition follows the retirement of long-time director Peter Brieger, who has been with the company since 2013.

Scorpio Gold has engaged Daniel Kunz & Associates as technical consultants for its 2024 exploration program in the Manhattan District, Walker Lane Gold Belt, Nevada. Daniel Kunz, renowned for his international mining experience, will oversee the program, leveraging over 1,200 historic drillholes and new data to aim for a 43-101 compliant resource by year-end. Kunz's past roles include CEO positions at Ivanhoe Mines and Prime Mining, where he drove significant financial growth. Alongside Kunz, Peter Parsley, with extensive experience from Echo Bay Mines, will contribute to the project's success.