Scorpio Gold has received approval from the TSX Venture Exchange to commence a normal course issuer bid to purchase up to 5,727,411 of its common shares, representing 5% of the Company's 114,548,235 issued and outstanding Shares, as at September 20, 2012. Under the Exchange's policies, the Bid will commence on October 1, 2012 and will end on the earlier of September 30, 2013, or at such time as the Bid has been completed [...]
Scorpio Gold is expecting to release the Mineral Ridge NI 43-101 Technical Report on Life of Mine Plan the week of October 1, 2012. The Company is engaged in a final review with the report's authors (AMEC) and the sign-off process is underway. Recently the Company took receipt of a separate AMEC study, commissioned to determine the stacking height increase at the leach pad. The study concluded that it is feasible to stack [...]
Scorpio Gold announces additional drill results from its 2012 drilling program on the Mary LC Zone, located adjacent to the Mary pit which is currently undergoing pre-stripping in advance of commencing full-scale open pit production at the 70% owned Mineral Ridge project, Nevada.Two 10 foot benches remain to be blasted for full production from the Mary pit that will add to and supplement current production from the [...]
Scorpio Gold is pleased to announce the appointment of Mr. Steve Roebuck, P.Geo., as President of Scorpio Gold effective September 4, 2012. Peter Hawley will remain as CEO and will become Executive Chairman of the Company. Mr. Roebuck holds a Bachelor of Science in Geology from Concordia University, Montreal, Quebec and is a registered Professional Geoscientist with the Northwest Territories and Nunavut Association of [...]
Scorpio Gold today announced that it has entered into a non-binding letter of intent with Royal Standard Minerals to acquire a package of three mineral properties located in Nevada in consideration for $2.5 million in cash, 17.5 million shares of Scorpio Gold and the assumption by Scorpio Gold of debt owing by Royal Standard to Waterton Global Value, Scorpio Gold's existing creditor, which is expected to total [...]
Scorpio Gold is pleased to announce its unaudited financial and operating results for the second quarter ended June 30. This press release should be read in conjunction with the Company's Management Discussion & Analysis, Financial Statements and Notes to Financial Statements for Q2, available on the Company's website at www.scorpiogold.com and on SEDAR at www.sedar.com. All monetary figures are expressed in US dollars [...]
Scorpio Gold announces additional drill results from its 2012 drilling program on the Mary LC Zone, located adjacent to the Mary pit which is currently undergoing pre-stripping in advance of commencing full-scale open pit production at the 70% owned Mineral Ridge project, Nevada. Production from the Mary pit will add to and supplement current production from the Drinkwater pit.
Scorpio Gold announces further drill results from its 2012 drilling program on the Mary LC Zone, located adjacent to the Mary pit which is currently undergoing pre-stripping in advance of commencing full-scale open pit production at the 70% owned Mineral Ridge project, Nevada. Production from the Mary pit will add to and supplement current production from the Drinkwater pit.
Scorpio Gold today announced its operating results for the second quarter of 2012 at its 70% owned Mineral Ridge project, Nevada. The Company also advised that it had filed amended financial statements for the three months ended March 3 due to an error discovered in the estimation of ounces of contained gold placed on the leach pad. The Company has thoroughly assessed and recalibrated its measurement equipment to avoid [...]
Scorpio Gold announces additional drill results from its 2012 drilling program on the Mary LC Zone, located adjacent to the Mary pit which is currently undergoing pre-stripping in advance of commencing full-scale open pit production at the 70% owned Mineral Ridge project, Nevada. Production from the Mary pit will add to and supplement current production from the Drinkwater pit. Peter J. Hawley, President, CEO reports [...]
Scorpio Gold wishes to update its shareholders on the progress of the NI 43-101 compliant mineral resource and reserve estimate and life of mine plan study for the Mineral Ridge project currently being prepared by AMEC Mining & Metals (AMEC) of Sparks, Nevada. The Company has been informed by AMEC that as of July 19, 2012 they continue to work on revisions, peer reviewing, and compilation of most of the main sections of [...]
Scorpio Gold today announced that it, Waterton Global Valueand Golden Phoenix Minerals have entered into a settlement agreement in respect of the litigation commenced by Golden Phoenix against Scorpio and Waterton, which was initially announced in Scorpio's news releases dated April 4, 2012 and April 9, 2012. Under the terms of the Settlement Agreement, Scorpio, Waterton and Golden Phoenix have agreed to discontinue the [...]
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