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New Approach to Proven Projects Could Help Investors Collect Potential Windfall Profits from…

 

2024’s Highest-Upside Gold Exploration Play

With near-term production in Nevada – one of the world’s best mining jurisdictions – plus significant blue sky exploration potential, Scorpio Gold Corporation (TSX.V: SGN); (OTC: SRCRF) appears poised to soar in the months ahead

7 Key Reasons

to Consider Investing in Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF) Today

01

Two Proven Nevada Projects with a History of Production

Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF) holds a 100% interest in two past producing mines, one with maiden resource imminent and another with significant discovery potential.

02

Fresh Approach from New Leadership

The company has fresh capital, new investors and revamped management with a strong technical team that has quickly established a clear path to success. This experienced team is bringing a new, geology-first approach to these proven projects with a clear plan to create new value quickly for investors.

03

Outstanding Location

Scorpio Gold Corp.’s two projects are located in one of the world’s best mining jurisdictions with both significant infrastructures in place and impressive exploration potential.

04

Notable Resource Forthcoming at Manhattan Goldwedge

Past drilling on the site defined an open-pit zone of scale and grade. The company feels it is a minimal investment away from defining a resource at Manhattan that has the potential to re-rate the company.

05

Strong Exploration Potential at Mineral Ridge

Scorpio Gold Corp.’s Mineral Ridge Project is an established resource that has mined over one million ounces of gold historically and has good grades on the property. But the company believes that the real value in this project lies in its considerable exploration potential.

06

Near-Term Production of $80 Million

The company has established a clear line of sight to producing 30,000 ounces of gold in the next 12 months. At today’s gold prices that is roughly $80 million worth of gold…a significant amount of revenue to help fund further expansion in 2025 and beyond.

07

Higher Gold Prices Could Send Scorpio Gold Corp. Even Higher

Gold prices have climbed by 42% since October 2022 and many experts are predicting even higher prices ahead. With ongoing geopolitical instability, continued high inflation and central banks continuing to add to their reserves, the bull market in gold could still be in its early stages.

As Gold Prices Continue to Rise, Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF) Offers Investors the Best Way to Play the Gold Bull for Maximum Potential Upside

goldchart

Since the end of 2018, the price of gold has soared by more than 81%.

 

And experts are predicting even higher gold prices in the months ahead.

Just recently, the experts at UBS Wealth Management raised their gold price forecast to $2,600 by the end of 2024

 

And UBS’s Alex Lim stated that, “an investor with a 2-3 year view could expect to see gold potentially double from here to more than $4,000.”[i]

 

These higher price forecasts, of course, come as no surprise as gold represents an ideal safe haven in times of economic and geopolitical turmoil.

 

With continued high inflation, geopolitical conflict in several parts of the world, plus continued central bank buying…all the ingredients are in place for a sustained bull market for gold.

 

Savvy investors know that the best way to play a gold bull market is not by acquiring the physical metal or even major gold producers.

 

Instead, the opportunities that often provide the highest upside are in the exploration space.[i]

And right now one Nevada-based company, Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF), appears to offer investors a unique high-upside opportunity as it moves to develop its core assets.

The Scorpio Gold Story: A New Approach to Established Assets with a Rapid Path to Production

Scorpio Gold Corp. holds a 100% interest in two past producing mines: the Mineral Ridge Mine and the Manhattan Mine, both located in the Walker Lane Trend of Nevada.

 

Scorpio Gold Corp. previously produced over 300,000 ounces of gold between 2010 and 2018.

Today the company is more focused on taking its existing infrastructure and assets and looking at them from a more geologic lens with the goal of building a much more significant resource on both of its key projects.

 

The company’s Manhattan Goldwedge Project is one with a maiden resource imminent, while its Mineral Ridge and North Star Projects offers significant discovery potential.


This combination of near-term resource production potential with outstanding blue sky is a direct result of Scorpio Gold Corp.’s new approach to developing its established assets.

The company has undergone a transformation over the past year and has brought on a new management team with a strong technical focus.

 

With fresh capital, new investors and management with a strong technical team and capital markets access, the company has put forth a clear plan to create new value quickly for shareholders.

Manhattan Goldwedge: A “Forgotten Gem” with an Expanded Resource Imminent

Scorpio Gold Corp.’s (TSX.V: SGN); (OTC: SRCRF) Manhattan Goldwedge Project is really two projects.

First is the Goldwedge mine which is a fully permitted, underground project with a 400-ton-per-day operational permitted mill facility.

 

The Goldwedge mine has a modest resource, but has a great deal of exploration potential.

 

The 100% owned Goldwedge property is located 54 km 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.

 

The northern claim block encompassing the Goldwedge deposit includes a fully permitted underground mine with over 600 m of development and a 400 tpd mill facility with gravity circuit.

 

When you look at where the projects at Manhattan Goldwedge are located, they are directly south of Round Mountain, which is Kinross Gold’s 15 million-ounce mine, which is one of the largest in Nevada.

Manhattan Wedge is a true “forgotten gem.”

 

Kinross Gold held the property for 25 years and invested millions into continued exploration.

 

Between Kinross and Scorpio Gold Corp., over 1,200 holes and more than 100,000 meters have been drilled at the property.

 

In 2021, Scorpio Gold Corp. acquired 4,300 adjacent acres from Kinross including the historic Echo Bay mine…and the company believes there is potentially much more gold on the expanded property.

 

Past drilling on the property defined an open-pit zone of scale and grade.

 

But it’s the future potential of the Manhattan district that has the company truly excited about its future.

 

The company is now moving ahead with potential high-upside exploration to expand the resource. Scorpio Gold Corp. feels it is a minimal investment away from a resource that has the potential to re-rate the company.

 

The high-grade drill results shown below from the company’s drilling programs in 2021-2022 represent some of the potential for Scorpio Gold at this property.

In the coming months, the company intends to follow up on these impressive past drill results – and do more drilling – to define an expanded resource.

 

Defining a resource that is potentially significantly larger than currently stated could be a significant catalyst for Scorpio Gold Corp. through the rest of 2024 and beyond.

Scorpio Gold Corp.’s Plan for Manhattan Goldwedge

 

* The company’s new investment, new approach and new management shine a fresh light on this high-upside project

 

* Scorpio Gold intends to model all drill and historic data…identify gaps within that data…and develop an exploration plan to expand the resource

 

* The company will conduct necessary confirmation drilling to fully understand the structure and metallurgy and confirm/expand the resource

 

* Scorpio Gold intends to publish a maiden resource: zone of good grade, width, scale and consistency starting at surface

Mineral Ridge and North Star Offer Significant Discovery Potential for Scorpio Gold Corp.

The Mineral Ridge Project is Scorpio Gold Corp.’s long-term flagship project.

 

Mineral Ridge is a permitted mine with significant infrastructure and past production of more than 1 million ounces in total and over 500,000 ounces since the late 1980s. There is an established resource and good grades on the property.

 

But Scorpio Gold Corp. believes that the real value in this area lies in its considerable exploration potential.

 

This potential exists at the Mineral Ridge, North Star and North Spring projects across the 12 miles of mineralized strike length on the consolidated ridge.

North Star is the newest project at the Mineral Ridge location and is a neighboring project that could host the feeder system that fed gold into Mineral Ridge.

At North Star, the potential exists for high grade and better metallurgy.

A potential discovery here could leverage the established mine and permitting and become a game-changer for the company.

 

The company is looking to leverage the infrastructure that exists at Mineral Ridge with a much more defined resource.

 

There is considerable exploration potential on both the Mineral Ridge and North Star projects across the 12 miles of mineralized strike length on the consolidated ridge.

Scorpio Gold Corp.’s Management & Advisory Team Helps Position the Company for Sustained Success

Within the past several months, Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF) has seen an infusion of fresh capital – from new investors – as well as a transition to a new leadership team.

 

This new leadership team brings a fresh approach to the company’s historic projects and has established a clear path to near-term production while also working to build significant expansion potential.

 

This could not be done without an experienced, visionary leadership team guiding the company. This team includes seasoned veterans with both capital markets experience as well as proven success in the exploration space.

 

In particular, the company has recently added several decades of experience in mining and exploration with the additions of Director William Sheriff (40 years of mineral industry experience), Advisor Charles Funk (over 18 years’ experience in exploration, business development and company management) and Advisor Daniel Kunz (proven track record of economic discoveries.)

 

Here’s a quick look at this impressive team:

Zayn Kalyan – CEO & Director

 

Zayn Kalyan is an experienced investment banker and business development executive. Starting his career as a software engineer, his background in the “ground-up” development of startup technology companies serves as his foundation in finance. He has been the CEO of Infinity Stone since 2017 and has played a critical role in its evolution and focus on the battery metals space. As a partner at Altus Capital Partners, Zayn has played an instrumental role in the origination of over $50 million in financing. Zayn has served in upper management and on the boards of multiple public companies since 2014.

Chris Zerga – COO & Director

 

Chris Zerga has been with Scorpio Gold since its inception in 2009 and was the General Manager for the Company’s Mineral Ridge and Goldwedge projects. He was also President of Scorpio Gold from August 2016 to July 2021 and remains a technical advisor to the Company. He has over 35 years of mining operations and management experience in Nevada with Freeport McMoran, Anglo Gold, Minorco, Newmont and Queenstake.

Michael Townsend – Director

 

Mr. Townsend has extensive experience in corporate finance spanning over 25 years and 30 years in Capital Markets. Mr. Townsend is one of the founding partners of Altus Capital Partners, a boutique investment bank based in Vancouver, B.C. Altus has been involved in raising over $180-million in equity financings over the past five years. Mr. Townsend co-founded Hemptown, Patriot One Technologies Inc., and Body and Mind Inc., Raytec Metals Corp., and previously served as CEO of Lateegra Gold Corp. and CEO of West Hawk Development Corp.

Ian Dawson – Director

 

Ian G. Dawson BA, MBA, President Dawson Group Limited. The Dawson Group is primarily involved in Construction (1922), Road Maintenance (1988) and Truck Sales, Service and Leasing (1991).

William M. Sheriff – Director

 

Mr. Sheriff is an entrepreneur with over 40 years of experience in the minerals industry; has raised over $500 MM in the public markets and has extensive experience with mergers and acquisitions. Mr. Sheriff was co-founder and Chairman of Energy Metals Corp. where he was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp for $1.8 Billion in 2007. He currently serves as Chairman of Nuclear Fuels Inc. and C2C Metals Corp, both publicly-traded companies.

Charles Funk – Advisor

 

Mr. Funk is currently the President and CEO of Heliostar Metals (TSXV: HSTR) which is focused on advancing its flagship Ana Paula Gold project located in Guerrero, Mexico. Mr Funk is a geophysicist/geologist with over eighteen years’ experience in exploration, business development and company management for companies including OZ Minerals, Newcrest Mining and Vizsla Silver. Mr. Funk has led or supported multiple deposit discoveries in Mexico and Australia and contributed to over $200 million in capital raises.

Daniel Kunz – Technical Advisor

 

Mr. Daniel Kunz was most recently CEO of Prime Mining Corp. At Prime Mining, Mr. Kunz oversaw the acquisition of its flagship Los Reyes Gold/Silver deposit and under his leadership Prime mining was recognized as a TSX-V Top 50 company. Over his career he has had considerable experience as leadership in mining companies, most notably, as the former CEO of Ivanhoe Mines, Mr. Kunz was one of the driving forces in taking Ivanhoe Mines Ltd. into Mongolia where, in 2001, the Company discovered Oyu Tolgoi, one of the world’s largest copper-gold deposits. During his seven-year tenure, the market capitalization value of Ivanhoe Mines increased from $400 million to $4.4 billion

7 Key Reasons

to Consider Investing in Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF) Today

01

Two Proven Nevada Projects with a History of Production

Scorpio Gold Corp. (TSX.V: SGN); (OTC: SRCRF) holds a 100% interest in two past producing mines, one with maiden resource imminent and another with significant discovery potential.

02

Fresh Approach from New Leadership

The company has fresh capital, new investors and revamped management with a strong technical team that has quickly established a clear path to success. This experienced team is bringing a new, geology-first approach to these proven projects with a clear plan to create new value quickly for investors.

03

Outstanding Location

Scorpio Gold Corp.’s two projects are located in one of the world’s best mining jurisdictions with both significant infrastructures in place and impressive exploration potential.

04

Notable Resource Forthcoming at Manhattan Goldwedge

Past drilling on the site defined an open-pit zone of scale and grade. The company feels it is a minimal investment away from defining a resource at Manhattan that has the potential to re-rate the company.

05

Strong Exploration Potential at Mineral Ridge

Scorpio Gold Corp.’s Mineral Ridge Project is an established resource that has mined over one million ounces of gold historically and has good grades on the property. But the company believes that the real value in this project lies in its considerable exploration potential.

06

Near-Term Production of $80 Million

The company has established a clear line of sight to producing 30,000 ounces of gold in the next 12 months. At today’s gold prices that is roughly $80 million worth of gold…a significant amount of revenue to help fund further expansion in 2025 and beyond.

07

Higher Gold Prices Could Send Scorpio Gold Corp. Even Higher

Gold prices have climbed by 42% since October 2022 and many experts are predicting even higher prices ahead. With ongoing geopolitical instability, continued high inflation and central banks continuing to add to their reserves, the bull market in gold could still be in its early stages.

[i] https://www.cnbc.com/video/2024/06/12/ubs-says-these-factors-could-push-gold-prices-up-to-2600-by-end-2024.html

[ii] https://www.zerohedge.com/the-market-ear/ubs-says-gold-could-double-here

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