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Scorpio Gold

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Scorpio Gold Corp.

Investor website: https://scorpiogold.com/

About

Scorpio Gold Corp. holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. The Manhattan District spans approximately 4,780 hectares and includes the advanced exploration-stage Goldwedge Mine, along with four past-producing pits acquired from Kinross in 2021. This district presents a significant late-stage exploration opportunity, featuring over 140,000 metres of historical drilling, substantial resource potential, and valuable permitting and water rights.

Verified company data

Cash position
$8,000,000
Shares outstanding
39617500
Fully diluted shares
339,341,275
Mineral resource
The Mineral Resource estimate for the material on the heap leach pad that is directly amenable to processing is provided in Table 1. No cut-off criteria have been applied since there will be no selectivity of areas to be processed and the leach pad will be processed in its entirety. The Mineral Resources are reported inclusive of Mineral Reserves and have an effective date of 29 June 2017. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Qualified Person (QP) for the estimate is Mr. Ian Crundwell, P.Geo. The Mineral Resource estimate for the open-pit (other) areas is provided in Table 2 (Measured and Indicated) and Table 3 (Inferred). The Mineral Resources are reported inclusive of Mineral Reserves and have an effective date of 30 November 2017. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Qualified Person for the estimate is Mr. Ian Crundwell, P.Geo. **Table 1: Mineral Resource Estimate for Mineralization Contained within the Heap Leach Pad** | | | | | | | | --- | --- | --- | --- | --- | --- | | Measured | 2,895 | 0.017 | 0.016 | 48.5 | 46.4 | | Indicated | 4,220 | 0.017 | 0.018 | 73.2 | 74.1 | | **Measured & Indicated** | **7,117** | **0.017** | **0.017** | **121.7** | **120.4** | | Inferred | 76 | 0.016 | 0.027 | 1.2 | 2.0 | **Table 2: Measured and Indicated Mineral Resource Tabulation for Other Areas** | | | | | | | --- | --- | --- | --- | --- | | Brodie | Measured | 455.7 | 0.063 | 28.6 | | Indicated | 237.9 | 0.056 | 13.4 | | **Subtotal Measured and Indicated** | **693.6** | **0.060** | **41.9** | | Custer | Measured | 147.8 | 0.083 | 12.3 | | Indicated | 75.4 | 0.088 | 6.6 | | **Subtotal Measured and Indicated** | **223.2** | **0.085** | **18.9** | | Drinkwater HW | Measured | 527.3 | 0.046 | 24.3 | | Indicated | 209.2 | 0.049 | 10.3 | | **Subtotal Measured and Indicated** | **736.6** | **0.047** | **34.6** | | Mary LC & Bunkhouse | Measured | 721.4 | 0.072 | 51.7 | | Indicated | 403.3 | 0.074 | 29.8 | | **Subtotal Measured and Indicated** | **1,124.7** | **0.072** | **81.5** | | Oromonte | Measured | 235.8 | 0.162 | 38.3 | | Indicated | 169.0 | 0.074 | 12.6 | | **Subtotal Measured and Indicated** | **404.8** | **0.126** | **50.9** | | Combined | Measured | 2,088.0 | 0.074 | 155.2 | | Indicated | 1,094.8 | 0.066 | 72.6 | | **Total Measured and Indicated** | **3,182.8** | **0.072** | **227.8** | **Table 3: Inferred Mineral Resource Tabulation for Other Areas** | | | | | | | --- | --- | --- | --- | --- | | Brodie | Inferred | 2.4 | 0.034 | 0.08 | | Custer | Inferred | — | — | — | | Drinkwater HW | Inferred | 180.1 | 0.059 | 10.61 | | Mary LC & Bunkhouse | Inferred | 0.1 | 0.061 | 0.01 | | Oromonte | Inferred | 0.4 | 0.092 | 0.03 | | **Combined** | **Total Inferred** | **182.9** | **0.059** | **10.73** |
Projects
["Scorpio Gold holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground mine and 400 ton per day mill facility. Scorpio Gold also holds a 100% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is a conventional open pit mining and heap leach operation. Mining at Mineral Ridge has recently been suspended; however, the Company continues to generate limited revenues from residual but diminishing recoveries from the leach pads."]
Leadership
Brian Lock (Interim CEO), Dan O’Brien (CFO, Chief Financial Officer with extensive experience in mineral exploration companies and a member of the Chartered Professional Accountants of British Columbia.), Doris Meyer (Corporate Secretary, Former Vice President of Finance at Queenstake Resources Ltd. and organizer of Golden Oak, providing administrative and compliance services to mineral exploration companies.), Peter Hawley (Chairman), Ian Dawson (Director, President of Dawson Group Limited, involved in construction and road maintenance.), Murray Bockhold (Director, Founder and CEO of Bockhold Investment Management with over 35 years of experience in investment management and advocacy for shareholder rights.)

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