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. reports gold exploration and capital-structure developments tied to its Manhattan District Project in Nevada. Company news centers on diamond-drill assay results, step-out drilling, and mineralization along areas such as Goldwedge, Black Mammoth, the Zanzibar Trend, the Gap Zone, Stray Dog, the Reliance Trend, and Iron Queen.
Updates describe gold intercepts hosted in volcanic and sedimentary units, including targets within the Manhattan Caldera and related district-scale trends. Scorpio Gold also reports financing-related items such as warrant exercises, warrant expiries, treasury changes, and the use of proceeds for drilling, technical studies, and general corporate purposes.
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.
Scorpio Gold (TSXV: SGN) (OTC Pink: SRCRF) has appointed Chris Richards, a seasoned professional with over 20 years of experience in the mining industry, as its Chief Financial Officer. The company also announced amendments to the North Star Agreement, altering the payment terms and creating a restricted area around the North Star Property. These developments aim to strengthen Scorpio Gold's financial leadership and secure its position in the mining sector.
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