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.
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Scorpio Gold Corporation (TSX-V: SGN) has settled its final interest payment on US$7,015,000 convertible debentures by issuing 5,194,976 common shares at $0.085 each, approved by the TSX Venture Exchange. The debentures, maturing on April 26, 2022, have been settled with a total issuance of 87,687,500 common shares at US$0.08 per share. The total interest payment settled amounts to $441,573 (US$349,789).
Scorpio Gold Corporation has opted to settle its semi-annual interest payment of $441,424 on its US$7,125,000 secured subordinated convertible debentures by issuing 4,579,083 common shares at a price of $0.0964 per share. The company received approval from the TSX Venture Exchange to proceed with this settlement, which was announced on October 20, 2021 and executed on October 26, 2021. This move indicates a strategy of cash conservation amidst financial obligations.
Scorpio Gold Corporation has arranged a short-term credit facility of US$500,000 with its directors to sustain operations until the forthcoming Goldwedge assays are released. The funds will be drawn in advances, with a minimum of US$100,000. The credit is unsecured and interest-free, requiring repayment upon closing a private placement of over C$1,000,000 or by January 1, 2022. The Goldwedge drill program targets potential mineral resource continuity and is part of the broader exploration strategy, including connections with the nearby Manhattan Mine project.