Scorpio Gold Corporation (TSX-V:SGN)
a Canadian-based gold producer. The Company holds a 70% interest in the Mineral Ridge gold project with joint venture partner Elevon, LLC (30%).
Mineral Ridge is a conventional open pit heap leach operation, located 6 km northwest of the town of Silver Peak and 56 km west of Tonopah in Esmeralda County, Nevada. The property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production levels.
Scorpio Gold achieved commercial production status at Mineral Ridge on January 1, 2012 and as of March 31, 2017 total production has exceeded 194K ounces of gold.
Production in 2016 totalled 36,879 oz. gold at a total cash cost of US$881 per oz. gold sold.
Production in 2017, not including areas for which permitting is outstanding, is estimated at 20,000-25,000 oz. at a total cash cost of $1,050-$1,100 per oz. gold sold.
Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility that is currently on care and maintenance.
The Company continues to seek and evaluate new projects, mergers and acquisitions that will increase its asset base as well as enhance value for its shareholders.
Further details are available in the Company's Financial Statements
, News Releases
and within the Mineral Ridge Operation
and Goldwedge Project