Scorpio Gold Corp. is pleased to announce the commencement of a phase II reverse circulation drilling program at its Goldwedge property located in Manhattan, Nevada. Boart Longyear was selected to conduct the RC drilling program which commenced on March 29, 2022. The planned program consists of 59 RC drill holes with a total of 10,800m and drilling is expected to continue for the next 6-7 months. The program was designed [...]
Scorpio Gold Corp. announces that it has obtained bridge loans from Ian Dawson and Bruce Dawson in the aggregate principal amount of US$450,000, payable on demand, which accrue interest at a rate of 123/8% per annum, compounding monthly. The Company has delivered promissory notes to the Lenders as evidence of the Loans. The purpose of the Loans are to ensure sufficient cash is available to the Company to sustain its [...]
Scorpio Gold Corp. elected to settle its final semi-annual interest payment on its US$7,015,000 secured subordinated convertible debentures by the issue of common shares at $0.0850 per share as announced on April 21, 2022. Having received the approval of the TSX Venture Exchange, the Company today issued a total of 5,194,976 common shares to settle its final semi-annual interest payment of $441,573 . As announced on March [...]
Scorpio Gold Corp. has elected to settle its semi-annual interest payment due on its US$7,015,000 secured subordinated convertible debentures in common shares of the Company. The interest payment date is April 26, 2022, and the interest payment record date is April 19, 2022. Subject to the approval of the TSX Venture Exchange the Company will issue a total of 5,194,976 common shares to settle its semi-annual interest [...]
Scorpio Gold Corp. has delivered notice to the holders of convertible secured debentures of the Company pursuant to Section 2.4 of the convertible secured debenture indenture between the Company and Computershare Trust Company of Canada, as trustee dated April 26, 2019, as amended by the first supplemental indenture dated November 18, 2019 that the Debentures are due and payable as of April 26, 2022 and that the Company [...]
Scorpio Gold Corp. is pleased to provide the final results of its surface RC drilling program at the Manhattan West and East pits at the recently acquired Kinross Manhattan Property in Manhattan, Nevada. Thirty-one holes were completed in this Phase I program, including 19 holes in the West Pit area and 12 holes in the East Pit area . Assay results for 12 holes drilled in the West Pit and 5 holes in the East Pit area were [...]
Scorpio Gold Corp. announces that effective immediately, Chris Zerga has been appointed as the President and Chief Executive Officer of the Company. Chris Zerga has been with Scorpio Gold since its inception in 2009 and was the General Manager for the Company's Mineral Ridge and Goldwedge projects. He was President of Scorpio Gold from August 2016 to July 2020 and was appointed as a director on September 2, 2020. He has [...]
Scorpio Gold announces that effective December 13, 2021, Brian Lock has stepped down as a Director and from the position of CEO of the Company for personal reasons. The Board is appreciative of all the contributions of Mr. Lock over his tenure with the Company. The Board will conduct a search for a replacement CEO. About Scorpio Gold Scorpio Gold holds a 100% interest in the consolidated Manhattan District in Nevada [...]
Scorpio Gold Corp. is pleased to provide an update of its surface RC drilling program at the Manhattan West and East pits of the recently acquired Kinross Manhattan Property in Manhattan, Nevada. Thirty-one holes were completed in this Phase I program, including 19 holes in the West Pit area and 12 holes in the East Pit area . Assay results for 14 holes were reported in the Company's July 20, September 7 and November 2 [...]
Scorpio Gold Corp. is pleased to provide an update of its surface RC drilling program at the Manhattan West and East pits of the recently acquired Kinross Manhattan Property in Manhattan, Nevada. The first phase of the RC drilling program is now complete, with 31 holes drilled including 19 holes in the West Pit area and 12 holes at East Pit area . Assay results received for 12 of the holes were reported in the Company's [...]
Scorpio Gold Corp. elected to settle its semi-annual interest payment on its US$7,125,000 secured subordinated convertible debentures by the issue of common shares at $0.0964 per share as announced on October 20, 2021. Having now received the approval of the TSX Venture Exchange the Company on October 26, 2021, issued a total of 4,579,083 common shares to settle its semi-annual interest payment of $441,424 . [...]
Scorpio Gold Corp. is pleased to announce high-grade results from a hole drilled to test the on-strike and down-dip continuity of mineralization within and below the current underground mine workings at the 100% owned Goldwedge property, located in Nevada. Drill hole GWUG21-015 returned 50.2 g/t gold over 5.6m , including a higher-grade intercept of 260g/t over 0.9m . The mineralization is hosted within sheared [...]