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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
Post by Margreton Sep 08, 2012 10:03pm
183 Views
Post# 20338873

Upcoming 2 resource estimates

Upcoming 2 resource estimates

I don't think the first updated resource estimate for drinkwater+mary pits will add much oz increase. If you look at the map of the new drilling they did, the new drilling is only a small percent of historic drilling, wasn't in many new areas, and a lot of it was infill drilling. Looking at the previous NI report, it already included all the historic drilling of both drinkwater and mary pits. There was an interview with Hawley in 2011 saying the old NI report only looked at 50k feet of historic drilling in drinkwater, but the actual NI report included both drinkwater and mary pits, and appears to include all historic drilling. The NI report is definitive, you can't just believe an interview where CEO is pumping the stock.

The second resource update will be the one that adds a more significant oz increase because the old NI report didn't include any of the historic drill holes of pits outside drinkwater+mary.

(I'm not being negative just because i want to buy another tranch of 600k shares, trying to be realistic.)

Bullboard Posts