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 promissory note representing the Debt:
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 mineralized material that the Com
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 the completion of the project. The current mine plan contains 3.2 million [...]
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 months from completion of the purchase of the Mineral Ridge property. At today's [...]
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 Nevada.
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 12, 2011) - Scorpio Gold Corporation (“Scorpio Gold“ or the “Company“) (TSX VENTURE: SGN) announces initial drill results from 2011 reverse circulation (RC) exploration and definition drilling in the ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 11, 2011) - Scorpio Gold Corporation (the “Company“) (TSX VENTURE: SGN) today announced that it has entered into a binding letter agreement (the “Purchase Agreement“) with Steeple Holdings Limited ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - April 6, 2011) - Scorpio Gold Corporation (“Scorpio Gold“ or the “Company“) (TSX VENTURE: SGN) is pleased to announce that it has retained San Diego Torrey Hills Capital, Inc. (“Torrey Hills Capital“) to ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 1, 2011) - Scorpio Gold Corporation (the "Company") (TSX VENTURE: SGN - News) reports that the application of solution to the leach pad for gold recovery at its 70% owned, fully funded, fully ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 14, 2011) - Scorpio Gold Corporation (the “Company“) (TSX VENTURE: SGN) today announced that leach pad operations are underway at its 70% owned, fully funded, Mineral Ridge Gold Project in ...
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Feb. 2, 2011) - Scorpio Gold Corporation (the “Company“) (TSX VENTURE: SGN) announces that it has commenced its 2011 drilling program on the Mineral Ridge gold project in Nevada. This drilling represents ...