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. |