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United States
Goldwedge Mine

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 Location:
54 km N from Tonopah, Nevada, United States

  Address:
Suite 102-550 - 1910 Idaho Street
Elko
Nevada, United States
89801
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Overview

StatusCare and Maintenance
Mine TypeUnderground
Commodities
  • Gold
The fact that the Goldwedge property and mill have been on care and maintenance since 2015 is an indicator of impairment.

In March 2021, the Scorpio Gold completed the acquisition of the Manhattan project located in Nye County, Nevada adjacent and proximal to the Company’s Goldwedge property. This acquisition of 4,300 acres (1740 hectares), combined with the Goldwedge 1,771 acres (717 hectares) gives Scorpio Gold complete land control of 6,071 acres (2457 hectares) around the Goldwedge facility, providing the opportunity to expand surface operations and the potential for expanding underground mining and exploration.

In October 2020, Scorpio Gold commenced an underground bulk sampling program at Goldwedge project. This drill program is currently ongoing.


Owners

Source: p. 2
CompanyInterestOwnership
Scorpio Gold Corp. 100 % Indirect
Scorpio Gold Corporation 100% owned Goldwedge property.

Contractors

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Deposit Type

  • Sediment-hosted
  • Vein / narrow vein
  • Epithermal


Summary:

The Goldwedge property occurs in west-central Nevada where a series of Tertiary volcanic calderas have cut through a basement complex of lower Paleozoic sedimentary rocks. Gold deposits related to these calderas include the giant Round Mountain Mine (some 10 miles north of Goldwedge), as well as the Northumberland Mine of Newmont Mining Corp. While most of the mineralization at the Round Mountain Mine has been mined from Tertiary volcanic rocks, there is good mineralization in the underlying Gold Hill Formation, which is also a host of mineralization at Goldwedge.

Goldwedge occurs near the southwestern margin of the Manhattan caldera, and all known mineralization to date is hosted by a series of lower Paleozoic sedimentary rocks just outside the caldera boundary. The Caldera is believed to have provided significant structural preparation for the gold mineralization at Goldwedge, and age dating suggests that the mineralization is post-caldera. The deposit is hosted by the Ordovician Zanzibar Formation and the Cambrian Gold Hill Formation, where cut by a series of north-northwest -striking fractures and faults, especially the Reliance shear zone. This shear zone is closely associated with the good grade mineralization defined to date.

Mineralization consists of altered sedimentary host cut by complex anastomosing narrow shear zones with a combination of free gold and disseminated gold in the matrix of the rock. The substantial component of free gold allows ........


Mining Methods


Summary:

Fully permitted/bonded underground mine with over 600 m of development.


Crushing and Grinding


Processing

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Summary:

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Operational Metrics:

Metrics20212020201920182017
Daily milling capacity  ......  Subscription required  ......  Subscription required400 tons400 tons400 tons
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Reserves at :


Financials:

Units202120202019201820172016
Operating Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required -0.6   -1.2   1.3  
After-tax Income M USD  ......  Subscription required  ......  Subscription required  ......  Subscription required -0.6   -1.2   -1.3  
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Heavy Mobile Equipment:

Mine Management:

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Subscription required Sep 19, 2022
....................... Subscription required ....................... Subscription required Subscription required Sep 19, 2022
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Corporate Filings & Presentations:

DocumentYear
Management Discussion & Analysis 2022
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
Corporate Presentation 2017
Financial Review 2016
Management Discussion & Analysis 2016
Annual Report 2015
Management Discussion & Analysis 2015
Management Discussion & Analysis 2014
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