Scorpio Gold executes project agreement
Scorpio Gold Corporation announces it has executed a definitive agreement for the acquisition of the Manhattan Project Properties located in Nye Country, Nevada situated adjacent and proximal to Scorpio Gold’s Goldwedge property.
This acquisition of 4,300 acres combined with the Goldwedge 1,771 acres gives Scorpio Gold complete land control of 6,071 acres around the Goldwedge facility, providing the opportunity to expand surface operations and the potential for expanding underground mining and exploration.
The Company is well funded to drive an extensive exploration program at the Goldwedge Mine, in the Keystone-Jumbo deposit area and the Manhattan Property. An underground delineation drilling program is in progress at the Goldwedge Mine and planning for surface drilling on high-priority targets over the entire land package is underway.
The Reliance Mine, located within 600 metres of the Goldwedge deposit, reportedly produced ~59,000 tons grading 0.435 oz/ton from 1932 to 1941. The Manhattan Mine East and West pits situated 600-1,000 meters southwest of Goldwedge produced ~236,000 oz. from 1974-1990.
The deposits lie along the northwest-trending Reliance Fault Zone, which is considered the most predominant ore controlling structure in the region. The Reliance trend continues 4 km southeast to Scorpio Gold’s Keystone-Jumbo project area.