Scorpio Gold Corp

Scorpio Gold Corp: Consolidated Nevada Gold Exploration & Development

Scorpio Gold Corp (TSX-V: SGN) is a Canadian-based gold exploration and development company focused exclusively on the Manhattan District in Nevada. Having successfully divested its non-core assets in mid-2025, the company is now fully capitalized to advance its flagship district-scale project, which sits along the prolific Walker Lane Trend.

Operations Overview

Following a strategic restructuring in 2024–2025, Scorpio Gold transformed from a small-scale producer into a high-potential exploration company.

Primary Asset: Manhattan District (100% owned).

Recent Divestiture: In August 2025, Scorpio sold the Mineral Ridge Project for US$7.5 million to focus capital and technical resources entirely on Manhattan.

Flagship Asset: The Manhattan District

Located in Nye County, Nevada, approximately 15km south of Kinross Gold’s world-class Round Mountain Mine, the Manhattan District represents a consolidated land package of ~4,780 hectares.

Consolidation: For the first time in the district's history, Scorpio has combined the Goldwedge Mine (acquired 2024) with the Manhattan Project (past-producing pits acquired from Kinross).

Resource Estimate (Sept 2025): The company released its Maiden Mineral Resource Estimate (MRE) for the Goldwedge and Manhattan Pit areas, reporting 740,000 ounces of Gold (Inferred) at an average grade of 1.26 g/t.

Exploration Potential:

Phase 1 Drilling (Completed): Confirmed high-grade mineralization (e.g., 12.47 g/t Au over 7.6m).

Phase 2 Drilling (Active): A massive 50,000-meter drill program commenced in October 2025, targeting resource expansion and testing 19 newly identified high-potential targets.

Recent Corporate Developments (2025)

Strategic Investment: In August 2025, the company closed an C$8 million private placement with strategic investments from mining heavyweights Ross Beaty and Eric Sprott.

Cash Position: With the sale of Mineral Ridge and the recent financing, the company reported approximately C$14 million in cash (as of Oct 2025), fully funding its ambitious exploration programs without the need for immediate further dilution.

Management Team

The company is led by a revitalized team with a track record of discovery and capital markets success.

Zayn Kalyan: CEO & Director. Appointed in 2024, he has led the company's restructuring and successful recapitalization.

Jeffery Lindstrom: VP of Operations. A 30-year mining veteran appointed in Nov 2025 to oversee site operations.

Harrison Pokrandt: VP of Exploration.

Leo Hathaway: Technical Advisor.

Investor Highlights

Ticker: TSX-V: SGN | OTCQB: SRCRF

Clean Balance Sheet: Debt-free with significant working capital.

Permits in Hand: The Manhattan District holds valuable water rights and permits, including a fully permitted 400-ton-per-day gravity mill at Goldwedge.

High-Grade Profile: The 1.26 g/t average grade of the maiden resource is significantly higher than the average for open-pit projects in Nevada (~0.6 g/t).

Key Statistics (November 20, 2025)

Conclusion

Scorpio Gold Corp has successfully pivoted from a small operator to a well-funded explorer with a district-scale opportunity. With the backing of major industry investors (Beaty/Sprott), a new maiden resource, and a 50,000m drill program underway, the company is aggressively pursuing a multi-million-ounce resource target in one of the world's top mining jurisdictions.

Corporate Presentation