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Scorpio Gold Corp V.SGN

Alternate Symbol(s):  SRCRF

Scorpio Gold Corporation is a Canada-based company, which holds 100% interest in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, United States. The Company's Manhattan District comprises the advanced exploration-stage Goldwedge Project, with an approximately 400 ton per day gravity mill. Adjacent to Goldwedge is the 4,300-acre Manhattan Project, which is centered on two past-producing pits. The Goldwedge property is located approximately 54 kilometers north-northeast of the town of Tonopah within the Manhattan Mining District of south-central Nevada. The 726-hectare (1,795 acre) property covers three separate claim blocks and encompasses the Goldwedge, Keystone and Jumbo gold deposits. It also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. The Mineral Ridge property comprises approximately 5,617-hectare (13,879 acre). The Company has acquired the Northstar property.


TSXV:SGN - Post by User

Bullboard Posts
Comment by Margreton Sep 06, 2012 4:24am
130 Views
Post# 20323085

RE: RE: am i reading the resource update right?

RE: RE: am i reading the resource update right?

In the filings it was said dates were estimates from the independent geologists. What Scorpio needs to do is add a generous time to it and say expected in the quarter instead of month. There are always delays, read the complaints for other companies of slow reports. If you are optimistic, you can think there must be a huge amount of drill holes and ore to process if they need to take so long so there must be a huge increase in oz. Otherwise it wouldn't need to take so long. If you are a pessimist, they will make a revision and actually reduce the number of oz like they did with Scorpio Mining. Don't expect too much and you won't be disappointed. I just hope they can double existing resources to 600k oz and then add more in the second report for the other pits.

 

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