Scorpio Gold Corp V.SGN

Alternate Symbol(s): SRCRF

Metals & Mining Gold

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.

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Scorpio Gold Corp

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Comment by vijay99on Feb 20, 2013 1:46pm

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Post# 21017539

RE: RE: scorpio stings

I agree. the capex looks good, even though if the costs have increased since then as the price of gold has gone up 4x since the capex study was done.

Right now my understanding is that they are doing a desk top study of the deposit and will then be looking to drill to increase the size of the resource. I agree, this project should be a priority due to its low strip ratio 2:1 and heap leachability. I do not know how much they intend to spend on Pinon this year.

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