Scorpio Gold Corp.

Scorpio Gold Corp. is pleased to provide its 2020 production cashflow guidance and outlook at its 100% owned Mineral Ridge operation, located in Nevada. Cash Flow The Mineral Ridge operation continues to generate cash flow from residual gold production from the existing heap leach pads with a forecasted revenue for 2020 estimated at US$4.5-$5.0M. Scorpio Gold initiated cash conservation measures in response to COVID-19 on [...]

Scorpio Gold Corp. has elected to settle its semi-annual interest payment on its US$7,175,000 secured subordinated convertible debentures. The interest payment date is April 27, 2020 and the interest payment record date is April 20, 2020. Subject to the approval of the TSX Venture Exchange the Company will issue a total of 6,368,600 common shares to settle its semi-annual interest payment of US$361,699. [...]

Scorpio Gold Corp. Scorpio Gold announces voluntary reduction in wages and salaries throughout the company during the Covid-19 pandemic and until a major financing is achieved to build the Mineral Ridge Process Facility. Effective April 1st, 2020 with the full co-operation and understanding of the Company's personnel: US employees voluntarily agreed to salary and wage reduction of 20%; CEO, CFO and Corporate Secretary [...]

Scorpio Gold Corp. is pleased to announce the commencement of an underground drilling campaign at the Company's Goldwedge project located in Manhattan, Nevada. The Goldwedge project includes a fully permitted underground mine with over 600 meters of underground development and a 400 ton per day mill facility with modifications underway to add a flotation circuit through a toll milling contract with Lode-Star Mining Inc [...]

Scorpio Gold Corp. is pleased to announce the signing of a Toll Milling Agreement between the Company's affiliate, Goldwedge LLC, and Lode-Star Mining Inc. . The Agreement will allow for the processing of ore delivered from Lode-Star's mining properties to Scorpio Gold's 400 ton per day Goldwedge milling facility located in Manhattan, Nevada. Under the terms of the Agreement, Lode-Star will advance funds required for the [...]

Scorpio Gold Corp. announces results of its first phase of drilling at its 100% owned Goldwedge property located in Manhattan Nevada. Nine exploration holes totalling 628 meters were drilled to test an area of previously reported surface soil sampling anomalies as well as structures relating to historic mineralization within the Keystone-Jumbo claim block . Scorpio Gold's President, Chris Zerga, comments, "Our first phase [...]

Scorpio Gold Corp. announces its financial results for the nine months ended September 30, 2019. The Company is focusing its efforts on financing the proposed new processing facility at the Mineral Ridge project. This new facility will allow the Company to capture the value in the gold reserves contained in the heap leach pad and unmined portions of the mine. The Company sees potential to increase those resources by [...]

Scorpio Gold Corp. is pleased to announce the appointment of Ian Dawson and Murray Bockhold to the board of directors of the Company, subject to approval of the TSX Venture Exchange. Luc Pelchat has retired from the board of directors and the Company thanks him for his contribution to the Company during his tenure. Ian G. Dawson BA, MBA, President Dawson Group Limited. The Dawson Group is primarily involved in [...]

Scorpio Gold Corp. on October 28, 2019 paid a total of US$359,733 to settle its semi-annual interest payment to its debentureholders. As announced on April 29, 2019 the Company closed a non-brokered private placement offering of a total of US$7,175,000 secured subordinated convertible debentures. The debentures have a term of three years and bear interest at the rate of 10% per annum, payable semi-annually. The Company [...]

Scorpio Gold Corp. announces its financial results for the six months ended June 30, 2019. During the six months ended June 30, 2019, Scorpio Gold raised gross proceeds of $7.0 million from the issuance of secured subordinated convertible debentures by way of a private placement which allowed the Company to eliminate its $6 million senior secured debt with Waterton Global Resources Management in exchange for an upfront [...]