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. Scorpio Gold achieved commercial production status at Mineral Ridge on January 1, 2012 and as of June 30, 2018 total production stood at 212,214 ounces of gold and 96,134 oz. silver. Mining was suspended in early November 2017.
On January 4, 2018, the Company announced an updated feasibility study outlining positive economics for processing the residual heap leach material and mining of higher-grade mineralization in the existing pits. The study provides ~7.5 years of additional mine life at Mineral Ridge and 250,500 oz. life of project gold sold at a total cash cost of US$805/oz. The Company is pursuing financing for the construction of a 4,000 TPD milling facility with CIL recovery and dry stack tailings circuit.
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