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United States
Goldwedge Mine

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

  Regional Office:
1910 Idaho St. Suite 102-550
Elko
Nevada, United States
89801
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Fax(775)-753-4780
EmailEmail
WebsiteWeb
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Financials
  • Personnel
  • Filings & News

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Overview

StatusCare and Maintenance
Mine TypeUnderground
Commodities
  • Gold
Processing
  • Gravity separation
  • Crush & Screen plant
  • Centrifugal concentrator
  • Shaker table
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 Company 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, the Company commenced an underground bulk sampling program at Goldwedge project. This drill program is currently ongoing.
Latest NewsScorpio Gold’s Phase II Drilling Program Encounters Significant Intercepts; 16.80 meters Grading 27.16 g/t Au, Including 3.1 meters Grading 145.74 g/t Au     May 12, 2022


Owners

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

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 for simple gravity recovery of a portion of the gold mineralization. The mineralization contains some very high grade intercepts, with the certain core portions of the mineralization grading in the 6.86 to 34.29 g/t (0.20 to 1.0 oz/ton) range.


Mining Methods


Summary:

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


Crushing and Grinding


Processing

  • Gravity separation
  • Crush & Screen plant
  • Centrifugal concentrator
  • Shaker table

Source: Subscription required

Summary:

Goldwedge project has a fully permitted mine and mill facility currently on care and maintenance. Mill facility with gravity circuit permitted for 400 tpd; currently on care and maintenance and available for toll milling.

Scorpio Gold completed extensive refurbishment and modifications to the 400 tpd Goldwedge plant and surrounding infrastructure in 2013. Batch processing of high-grade ore from Mineral Ridge was undertaken in 2014 to optimize the milling circuit for recovery of coarse gold.


Operational Metrics:

Metrics2020201920182017
Daily milling capacity  ......  Subscription required400 tons400 tons400 tons
Subscription required - Subscription is required.

Reserves at :


Financials:

Units202020192018201720162015
Operating Income M USD  ......  Subscription required  ......  Subscription required-0.6   -1.2   1.3   -10.6  
After-tax Income M USD  ......  Subscription required  ......  Subscription required-0.6   -1.2   -1.3   -10.6  
Subscription required - Subscription is required


Heavy Mobile Equipment:

Mine Management:

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ....................... Subscription required ....................... Subscription required Subscription required Oct 14, 2021
....................... Subscription required ....................... Subscription required Subscription required Oct 14, 2021
Subscription required - Subscription is required.


Corporate Filings & Presentations:

DocumentYear
................................... 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
Subscription required - Subscription is required.

News:

NewsDate
Scorpio Gold’s Phase II Drilling Program Encounters Significant Intercepts; 16.80 meters Grading 27.16 g/t Au, Including 3.1 meters Grading 145.74 g/t Au May 12, 2022
Scorpio Gold Intersects 50.2g/t Gold over 5.6m including 260g/t over 0.9m from Ongoing Underground Drilling at Goldwedge, Nevada October 26, 2021
Scorpio Gold Confirms Northward Continuity of Near-Surface Mineralization in Ongoing Underground Drilling at Goldwedge, Nevada September 29, 2021
Scorpio Gold Reports 9.02 g/t Gold over 7.4 meters from Ongoing Underground Drilling at Goldwedge, Nevada April 13, 2021
Scorpio Gold Intersects 12.47 g/t Gold and 176.2 g/t Silver over 7.6 m... July 27, 2020
Scorpio Gold Reports Results of Drilling at the Keystone-Jumbo Area, Goldwedge Property, Nevada December 6, 2019

Aerial view:

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