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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

Post by tdsbon Nov 16, 2021 10:33pm
142 Views
Post# 34134644

Action In Gold

Action In GoldGold is breaking out because most investors have lost confidence in The Fed. Most investors now know that inflation is here to stay and will go higher, it is no longer a situation of being transitory. A lot of gold stocks were down today as gold was slightly in the red but clearly it had broken above $1835 which was a sticky resistance point for the metal. Next stop is $1900 to $1910, for resistance. The Fed can do very little accept watch, they let the inflation genie out of the bottle. They can't put it back and this is very positive for gold. Two days ago two Fed Chairmen from The Board of Governors resigned because of insider trades, there is a third governor that is being investigated but The Fed won't now release his trading records. Here we are investing on our own doing our own Due Diligence, no insider information for us. CHEERS
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