Welcome to our dedicated page for Scorpio Gold news (Ticker: SRCRF), a resource for investors and traders seeking the latest updates and insights on Scorpio Gold stock.
Scorpio Gold Corp. (OTCQB: SRCRF; TSXV: SGN; FSE: RY9) generates frequent news as it advances the Manhattan District, a consolidated gold exploration project in Nevada, USA. Company news releases focus on drill results, mineral resource estimates, property transactions, and corporate updates related to this historic gold camp.
Recent announcements highlight multi-phase drilling programs at Manhattan, including a Phase 1 diamond drilling campaign and a planned Phase 2 program targeting at least 50,000 metres of drilling. News items detail assay results from key areas such as the Gap Zone between the Goldwedge Mine and the West Pit, the Reliance Trend, Mustang Hill, and the West Pit extensions, with intervals reported from both near-surface and deeper structural zones.
Scorpio Gold’s news flow also covers technical milestones, including the filing of a NI 43-101 technical report containing a maiden inferred mineral resource estimate for the Goldwedge and Manhattan Pit areas, and the disclosure of a historical mineral resource estimate for satellite deposits like Black Mammoth, Hooligan, Keystone, and April Fool. Additional releases describe the identification of 19 high-potential exploration targets across the district and the ongoing digitization and compilation of extensive historical data.
Beyond drilling and resources, news updates include property and corporate developments, such as the sale of Mineral Ridge Gold, LLC and the receipt of deferred payments, as well as an option agreement on the Betty East Property in Nye County, Nevada, which is interpreted to be geologically contiguous with the southern portion of the Manhattan District. Investors can also follow coverage of marketing activities, conference participation, and changes in corporate roles.
This page aggregates these disclosures so readers can review Scorpio Gold’s latest drill results, technical reports, property agreements, and corporate announcements related to SRCRF and its Nevada gold exploration activities.
Scorpio Gold (SRCRF) has announced significant drilling results from its Manhattan District Project in Nevada. The key highlight is Hole 24MN-009, which returned 1.69 g/t gold over 55.7 metres, including higher-grade sections of 2.53 g/t Au over 8.7m and 4.71 g/t Au over 8.8m. The results demonstrate open-pit potential at the Goldwedge Underground Stope Trend, which remains open at depth and along strike.
The 2024 drilling campaign had two main objectives: supporting an open-pit focused maiden mineral resource estimate and testing expansion potential of the Goldwedge Trend. Hole 24MN-009 successfully extends mineralization 115m below surface, confirming the company's belief in Manhattan's potential as a multi-million-ounce gold resource in Nevada.
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) has announced its participation in the upcoming 121 Mining Investment Dubai conference on November 19-20, 2024, along with a European roadshow in Zurich (November 12) and Paris (November 14). The company's management will discuss the ongoing Manhattan drill campaign in Nevada's Walker Lane Trend, including Phase 1 drill results, with Phase 2 results expected soon. They will also review upcoming catalysts, particularly the NI-43-101 compliant mineral resource estimate at Manhattan planned for Q1 2025.
Scorpio Gold (SRCRF) has appointed Jeffery Lindstrom as VP of Operations to manage its Manhattan and Mineral Ridge mines in Nevada. Lindstrom, an associate with Daniel Kunz and Associates (DKA), brings over 30 years of mining industry experience. The company announced that Christopher Zerga and Diane Zerga are no longer serving as COO and VP Operations respectively, though Christopher remains a director. Additionally, the company granted 4.3 million stock options at $0.135, 350,000 stock options at $0.15, and 900,000 restricted share units to consultants and employees.
Scorpio Gold has appointed Leo Hathaway as Technical Advisor to its advisory panel. Hathaway is a Professional Geologist with 30 years of industry experience, currently serving as Executive Chairman of Golden Shield Resources and Senior VP of Lumina Gold. His notable achievements include the $1.65bn sale of Lumina Copper projects and involvement in Ventana Gold's $1.5bn La Bodega project sale. The appointment aims to strengthen the company's technical team as it works toward filing a NI-43-101 compliant resource at Manhattan in Q1 2025 and advancing exploration in the Manhattan District along Nevada's Walker Lane Trend.
Scorpio Gold has announced significant drilling results from its 2024 Manhattan District campaign in Nevada. Notably, Hole 24MN-007 yielded 6.08 g/t Au over 9.4 metres, including 15.62 g/t Au over 3.4m and 63.70 g/t Au over 1.0m. Hole 24MN-006 returned 5.50 g/t over 1.5m and 5.33 g/t over 2.2m.
The drilling program demonstrates potential to connect high-grade gold mineralization from Goldwedge Underground through Echo Bay West and East Pits, spanning approximately 1.8 km. The company is working towards Manhattan's maiden mineral resource estimate, with additional assay results pending from Phase 1 and 2 drill holes.
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) has announced its participation in two upcoming investor events. CEO and Director Zayn Kalyan will be attending the 121 Mining Investment New York conference on October 21-22, 2024, where he will speak on the Exploration Panel and conduct one-on-one meetings with investors. Additionally, Mr. Kalyan is scheduled to present at the 2024 Kinvestor Day Virtual Conference on October 24th at 11:45 am PST / 2:45 pm EST.
The Kinvestor Day 2024 (KD24) is a virtual conference featuring small and mid-cap public companies in mining and other sectors. It will include a roundtable panel on gold and precious metals with industry experts. Scorpio Gold recently closed a $2.5 million private placement on October 3, 2024, and is awaiting assay results from Phase 1 of the Manhattan Drill Campaign announced on August 1, 2024.
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.
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