Scorpio Gold More Than Doubles Land Position, Further Consolidates Manhattan District
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) has significantly expanded its land position at the Manhattan project, increasing from 2,063 hectares to approximately 4,779 hectares. This expansion includes the staking of over 2,716 hectares of new unpatented claims, driven by a review of historic exploration data compiled by Kinross Gold and Scorpio Gold.
The Manhattan District has historically produced over 600,000 ounces of gold from various mining operations. The area is characterized by low sulfidation epithermal gold and silver mineralization, as well as Carlin-type mineralization in certain parts. The new claims show anomalous metals in soils, particularly elevated gold, arsenic, and antimony, which are proximal to a low angle thrust contact between geological formations.
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) ha notevolmente ampliato la sua posizione territoriale nel progetto Manhattan, aumentando da 2.063 ettari a circa 4.779 ettari. Questa espansione include la registrazione di oltre 2.716 ettari di nuove rivendicazioni non brevettate, guidata da una revisione dei dati di esplorazione storici raccolti da Kinross Gold e Scorpio Gold.
Il distretto di Manhattan ha storicamente prodotto oltre 600.000 once d'oro da varie operazioni minerarie. L'area è caratterizzata da mineralizzazione epithermale a bassa sulfidazione di oro e argento, oltre alla mineralizzazione di tipo Carlin in alcune parti. Le nuove rivendicazioni mostrano metalli anomali nei suoli, in particolare oro, arsenico e antimonio elevati, che sono prossimi a un contatto con angolo basso tra formazioni geologiche.
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) ha ampliado significativamente su posición territorial en el proyecto Manhattan, aumentando de 2,063 hectáreas a aproximadamente 4,779 hectáreas. Esta expansión incluye la adquisición de más de 2,716 hectáreas de nuevas reclamaciones no patentadas, impulsada por una revisión de datos de exploración históricos recopilados por Kinross Gold y Scorpio Gold.
El distrito de Manhattan ha producido históricamente más de 600,000 onzas de oro a partir de diversas operaciones mineras. El área se caracteriza por mineralización epithermal de baja sulfidación de oro y plata, así como mineralización tipo Carlin en ciertas partes. Las nuevas reclamaciones muestran metales anómalos en los suelos, particularmente oro, arsénico y antimonio elevados, que son proximales a un contacto de baja inclinación entre formaciones geológicas.
스콜피오 골드 (TSXV: SGN) (OTCQB: SRCRF)는 맨해튼 프로젝트에서 토지 위치를 크게 확장했습니다, 2,063헥타르에서 약 4,779헥타르로 증가했습니다. 이번 확장은 킨로스 골드와 스콜피오 골드가 수집한 역사적인 탐사 데이터를 검토하여 2,716헥타르 이상의 새로운 비특허 청구지를 추가한 것입니다.
맨해튼 지역은 역사적으로 60만 온스 이상의 금을 생산해왔습니다 다양한 광업 작업에서. 이 지역은 저황화 에피제말 금 및 은 광물화로 특징지어지며, 특정 지역에서는 칼린 타입의 광물화도 있습니다. 새로운 청구지는 토양에서 비정상적인 금속을 보여줍니다, 특히 높은 수준의 금, 비소 및 안ти모니가 있으며, 이는 지질 형성 간의 낮은 각도의 단층 접촉에 근접해 있습니다.
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) a considérablement élargi sa position foncière au projet Manhattan, passant de 2 063 hectares à environ 4 779 hectares. Cette expansion comprend l'enregistrement de plus de 2 716 hectares de nouvelles revendications non brevetées, motivée par une révision des données historiques d'exploration compilées par Kinross Gold et Scorpio Gold.
Le district de Manhattan a historiquement produit plus de 600 000 onces d'or à partir de diverses opérations minières. La région est caractérisée par une minéralisation épithermale à faible sulfidation d'or et d'argent, ainsi que par une minéralisation de type Carlin dans certaines parties. Les nouvelles revendications montrent des métaux anormaux dans les sols, en particulier une élévation de l'or, de l'arsenic et de l'antimoine, qui sont proches d'un contact de faible angle entre les formations géologiques.
Scorpio Gold (TSXV: SGN) (OTCQB: SRCRF) hat seine Flächenposition erheblich erweitert im Manhattan-Projekt, von 2.063 Hektar auf ungefähr 4.779 Hektar erhöht. Diese Erweiterung umfasst die Eintragung von über 2.716 Hektar neuen nicht patentierten Ansprüchen, die durch eine Überprüfung historischer Explorationsdaten, die von Kinross Gold und Scorpio Gold zusammengetragen wurden, vorangetrieben wurde.
Der Manhattan-Distrikt hat historisch über 600.000 Unzen Gold produziert aus verschiedenen Bergbauoperationen. Die Region ist durch niedrig sulfidierte epithermale Gold- und Silbermineralisierung sowie durch Carlin-Typ-Mineralisierung in bestimmten Teilen geprägt. Die neuen Ansprüche zeigen anomalous Metalle im Boden, insbesondere erhöhtes Gold, Arsen und Antimon, die in der Nähe einer flachwinkligen Scherzone zwischen geologischen Formationen zu finden sind.
- Significant land expansion from 2,063 hectares to 4,779 hectares
- Historic production of over 600,000 ounces of gold in the Manhattan District
- Anomalous metals in soils indicate potential for gold mineralization in new claims
- None.
Increases land position driven by review of historic exploration data
Vancouver, British Columbia--(Newsfile Corp. - October 8, 2024) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold" or the "Company") is pleased to announce that it has significantly expanded its land position at its Manhattan project (the "Manhattan District"). The land package has increased from an existing position of 1,876 hectares of unpatented claims, and 187 hectares of patented claims, with the staking of over 2,716 hectares of new unpatented claims (the "New Claims"), bringing Scorpio Gold's new total land position to approximately 4,779 hectares across the entire district.
The staking of the New Claims was driven by an extensive database review of historic exploration data spanning back 30 years, that was compiled by Kinross Gold Corporation ("Kinross") and Scorpio Gold. The historic database includes a full multi-element soil sampling program completed in 2014 by Kinross (see Figure 1), alongside over 100,000 metres of historic drilling and multiple geophysical surveys (including gravity, magnetics, and resistivity surveys). Scorpio Gold has also identified historic drill results within the New Claims, with assays warranting their acquisition, and the Company is currently in the process of compiling the data and conducting Quality Assurance and Quality Control (QA/QC).
The Manhattan District has historically produced greater than 600,000 ounces of gold from underground lode mining, open pit mining, and placer operations. Gold and silver resources in the district occur within a northwest-trending, northwest-plunging, faulted antiform. Low sulfidation epithermal gold and silver mineralization occurs as structurally hosted stockwork veining and disseminations in the folded and thrust-faulted siliciclastic and carbonate rocks of the Cambrian Gold Hill and Ordovician Zanzibar Formations. Gold and silver mineralization is characterized by quartz-adularia-sericite-calcite alteration proximal to high-angle structures and low-angle thrust faulting. Carlin-type mineralization occurs in the eastern part of the Manhattan District where gold occurs in arsenian rims of pyrite and is associated with realgar and orpiment. Gold and silver mineralization is also observed as quartz-calcite veins in Tertiary volcanic rocks adjacent to the 24 Ma Manhattan Caldera.
"The anomalous metals in soils from the expanded claim package are highlighted by elevated gold, arsenic, and antimony proximal to a low angle thrust contact between the Cambrian Gold Hill formation and overlying Zanzibar carbonate sequence. We believe the low angle faulting in the Manhattan District is correlated to the Late Devonian Roberts Mountains Thrust. Regionally, the Roberts Mountains Thrust is associated with multiple bulk mineable gold deposits in northern and central Nevada", stated Harrison Pokrandt, VP Exploration of Scorpio Gold.
Figure 1: Manhattan District Expanded Claims 2024
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Qualified Person
The technical information in this news release has been reviewed and approved by Thomas Poitras, P.Geo., a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Scorpio Gold Corp.
Scorpio Gold holds a
ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION
Zayn Kalyan, Chief Executive Officer and Director
Tel: (604) 252-2672
Email: zayn@scorpiogold.com
Investor Relations Contact:
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Email: SGN@kincommunications.com
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(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9)
Forward-Looking Statements
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 frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding: whether the low angle faulting in the Manhattan District is correlated to the Late Devonian Roberts Mountains Thrust; the resource potential of the Manhattan District, including the New Claims; and the near-term development potential of Mineral Ridge. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
How much has Scorpio Gold expanded its land position in the Manhattan District?
What drove Scorpio Gold (SRCRF) to expand its land position in the Manhattan District?
What types of gold mineralization are found in the Manhattan District where Scorpio Gold (SRCRF) operates?
What historical gold production has been recorded in the Manhattan District where Scorpio Gold (SRCRF) has expanded?
