Vancouver, British Columbia–(Newsfile Corp. – October 31, 2024) – Scorpio Gold Company (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (“Golden Scorpio“, or “Company“) is pleased to announce the appointment of Leo Hathaway to its advisory panel.
Leo Hathaway, P. Geo., is a Professional Geologist with 30 years of experience in the mineral exploration industry and is currently the Executive Chairman of Golden Shield Resources Inc. and Senior Vice President of Lumina Gold Corp. Mr. Hathaway played an important role in the acquisition, advancement and sale of ten original Lumina projects in America to seven different companies, aggregating $1.65bn. He also had a major involvement in several successful public and private ventures, such as the La Bodega Ventana Gold project in Colombia and the $1.5bn sale to AUX, as well as the initiation, acquisition and development of the 20.5moz Cangrejos Lumina Gold project in Ecuador. . Mr Hathaway holds a BSc (Hons) in Applied Geology from Plymouth University, an MSc in Mineral Exploration from Imperial College, London. He is a registered Professional Geoscientist with the EGBC.
Leo brings extensive industry expertise and a leading reputation that will be a great addition to Scorpio Gold’s top-level technical and management teams as the Company continues to build and enhance shareholder value at its flagship Manhattan and Mineral Ridge projects. Both are located along the prospective Walker Lane Trend in Nevada, USA.
“We are pleased to welcome Leo to our technical team as we work towards some interesting near-term catalysts, namely the filing of the appropriate resource NI-43-101 in Manhattan in Q1 2025, and finally working for the exploration and further consolidation of the Manhattan District,” said Zayn Kalyan, CEO and Director of Scorpio Gold.Leo’s experience will enhance our team’s abilities to achieve our strategic goals and enhance shareholder value. We are delighted to have someone of Leo’s caliber who recognizes the tremendous opportunity and potential in the Manhattan District.”
History of Scorpio Gold Corp.
Scorpio Gold owns 100% interests in two past producing mines, the Manhattan Mine and the Mineral Ridge Mine, located in the Walker Lane Trend of Nevada, USA. The Manhattan Scorpio Gold District includes the advanced exploration stage Goldwedge Project, with a 400 ton per day gravity mill. Adjacent to Goldwedge is the ~4,780 hectare Manhattan Project, centered on two past production pits, which will be acquired from Kinross in 2021. The consolidated Manhattan District offers an exciting late-stage exploration opportunity, with more than 100,000+ meters of historical drilling, significantly. potential resources, in addition to valuable permits. Scorpio Gold also owns a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. Scorpio Gold produced more than 222,440 oz of gold at Mineral Ridge between 2010 and 2020. With proven and probable resources, significant permits, water rights, infrastructure, and the newly acquired North Star exploration target, Mineral Ridge has near-term development potential which is significant. .
On behalf of the SCORPIO GOLD CORPORATION BOARD
Forward-Looking Statement
The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are often characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “recommend”, “indicate” and other similar words. . or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements about: the Company’s ability to continue to create shareholder value and build on the success of the historic work at Manhattan Mine; The Company’s commitment to organic growth in its portfolio of assets, with a core focus on exploration in Manhattan and development and rerate opportunities in Mineral Ridge; the Company’s ability to deliver accretive and meaningful shareholder value in the coming months; the Company’s plans to strengthen its management team; the Company’s plans for exploration in the North Star target; the Company’s focus for 2024 and the 2024 Program, including its scope and timing; the Company’s plans to update resource estimates at the Manhattan Mine; a potential update for the 2018 feasibility study on the Mineral Ridge project; the effect of the amalgamation with Altus Gold; the potential to increase resources at Mineral Ridge and the impact of established and enabling infrastructure; the Company’s future participation in marketing conferences; and Matrix’s engagement and the services it expects to derive from that engagement. There are significant risks that forward-looking statements may not prove to be accurate, that management’s assumptions may prove incorrect and that actual results may differ materially from those forward-looking statements. Such forward-looking statements involve risks, uncertainties, and other factors that may cause actual events or results to differ materially from estimates or anticipated events or results described or expressed in such forward-looking statements, including risk factors that outlined in Company. Management’s Discussion and Analysis as filed on SEDAR+. Any forward-looking statements speak only as of the date they are made and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statements, whether as a result of new information. , future or other events or results. Forward-looking statements are not guarantees of future performance and therefore reliance should not be placed on such statements due to the inherent uncertainties involved.
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