Scorpio Gold today announced that Golden Phoenix Minerals, Inc., its 30% joint venture partner on the Company's Mineral Ridge project, has entered into a debt financing arrangement with Waterton Global Value, L.P., Scorpio's existing lender. In connection with the GP Debt Financing, Golden Phoenix has granted Waterton an option to acquire Golden [...]
Scorpio Gold is pleased to announce that since start-up of operations at the 70% owned Mineral Ridge gold deposit, Nevada, precious metals sales from its production of gold and silver in loaded carbon now total 1,472 ounces of gold and 790 ounces of silver to Waterton Global Resource Management, as per its sales agreement. The Company's production [...]
Scorpio Gold is pleased to announce that on June 23, 2011, the Company made its first precious metals sale from the first production batch of gold and silver in loaded carbon produced at the Mineral Ridge gold deposit, Nevada. In total, the Company sold 623 ounces of gold and 301 ounces of silver to Waterton Global Resource Management, as per its [...]
Scorpio Gold is pleased to announce that all resolutions were passed at the Company's Annual General and Special Meeting of Shareholders held on June 10, 2011. The number of directors has been set at five and includes the re-election of Peter J. Hawley, Brian Lock, Luc Pelchat, David W. Smalley and Andrew Lee Smith. Deloitte & Touche LLP, Chartered [...]
Scorpio Gold Corporation is pleased to announce that exploration drilling has commenced on the Coyote target, located approximately four kilometres southwest of the Mineral Ridge operation and on strike with the Brodie mineralized body that lies adjacent to the heap leach pad. The Coyote target is one of three priority drill exploration targets [...]
Scorpio Gold is pleased to announce that the first production blast at the 70% owned Mineral Ridge gold deposit took place in the Drinkwater pit on May 31, 2011. Work in the pit to date has consisted of clean up from previous operators and adjustments to the main access ramp. The first mineralized material mined from the pit, consisting of [...]
Scorpio Gold Corporation today announced that it has amended the terms of its US$8,000,000 outstanding debt owing to Waterton Global Value, L.P., as originally announced in the Company's news releases dated October 8, 2010 and October 25, 2010. Pursuant to an amended and restated senior secured note dated May 18, 2011, which replaces the original [...]
Scorpio Gold is pleased to report assay results from sampling of material in the Drinkwater Pit that was left behind by the former operators and previously thought to be waste material. Of 156 samples collected from blasted material, approximately 52% report values of interest. Detailed surveying has determined there is approximately 10,000 tons of [...]
Scorpio Gold announces that a mining contract has been signed with Ledcor CMI Inc. for its Mineral Ridge Gold heap leach project. Ledcor is currently providing contract mining services for both Barrick Gold Corporation and Newmont Mining Corporation in Nevada. The initial term of the contract extends to May 1, 2012 and is renewable annually until [...]
Scorpio Gold Corporation is pleased to announce that on April 18, 2011, Mineral Ridge Gold LLC shipped its first production batch of gold and silver in loaded gold carbon produced from the Mineral Ridge gold deposit, Nevada. Peter J. Hawley, President & CEO reports, "This shipment marks the start of precious metal production following just 13 [...]
Scorpio Gold Corporation has been advised by Atlantic Gold that it intends to exercise its right of first refusal to purchase the Cochrane Hill gold deposit, as triggered by the recent offer received by the Company from Steeple Holdings Limited (see April 11, 2011 news release).
Scorpio Gold is pleased to announce the appointment of Mr. James (Jim) W. Ashton, P.Eng., as Mine Manager at the Mineral Ridge gold deposit, Nevada, effective immediately. Mr. Ashton holds a Bachelor of Science in Mine Engineering from the Mackay School of Mines, University of Nevada, and is a Registered Professional Engineer with the State of [...]