Latest news with #SGN
Globe and Mail
2 days ago
- Business
- Globe and Mail
Scorpio Gold Commences 2025 Drilling at the Manhattan District and Plans Initial Resource Estimate
Vancouver, British Columbia--(Newsfile Corp. - June 20, 2025) - Scorpio Gold Corporation (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (" Scorpio", " Scorpio Gold", or the " Company") is pleased to announce a Phase One diamond drill program totalling 3,400 metres (" m") in 12 holes at the 100% owned Manhattan District (" Manhattan") located in Nevada, USA (see Figure 1). Drilling commenced on April 29, 2025 and four holes have been drilled to date, totalling 1,389 m. Scorpio plans to release an initial resource estimate for Manhattan in Q3, 2025. Scorpio has also digitized an enormous quantity of historical data, dating back to the 1950s, for incorporation into the resource estimate, as well as property scale exploration and other work, such as planned metallurgical studies. In terms of previous drilling, approximately 140,000 m in 1,568 holes have been added to the digital database that have not previously been used for resource estimation. Using current costs, the replacement value of this drilling is estimated to be approximately US $50,000,000. Phase One drilling is focused on three target areas: (1) the Gap Zone, located between the historic Goldwedge and West Pit mines; (2) the Zanzibar Trend, connecting the Goldwedge to the third target zone; and (3) at Mustang Hill's historic underground mines, see Figure 2. Drilling aims to follow up on the intercepted Zanzibar Trend in hole 24MN-009, with an interval of 1.69 grams per ton (" g/t") Au over 55.6 m (see news release dated December 11, 2024), and Mustang Hill which was intercepted with an interval of 3.89 g/t Au over 41.2 m (see news release dated October 6, 2022 and Figure 3). Figure 1 - Regional Location Map Kinross, Round Mountain Mine, data can be found on Kinross's website. To view an enhanced version of this graphic, please visit: Zayn Kalyan, Scorpio Gold's CEO states; "This year will be a pivotal year for Manhattan as we plan to issue a maiden resource in Q3 and then expand on this in Q4 and going forward in 2026. Additionally, metallurgical testing will begin immediately using drill core from the ongoing program and continue in parallel with drilling, with the goal of confirming and improving on previous results. With the large amount of historic workings and past producing assets on the property, and Kinross' Round Mountain gold mine just 15 km to the north, on the north side of the Manhattan Caldera structure, I believe Manhattan has the potential to become a multi-million-ounce gold asset." *Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology at Manhattan. Harrison Pokrandt, Scorpio Gold's VP of Exploration states;"The first phase of the 2025 program targets immediate expansion on our upcoming resource. Previous operators have failed to consolidate the Manhattan claim package leaving areas such as the Gap Zone, connecting the West Pit to the Goldwedge Mine untested. This situation has now been resolved, just one of the factors that now allow Scorpio to fully unlock the potential of the district. Further to the Gap Zone, the Company aims to test the Zanzibar Trend and Mustang Hill. These holes target shallow ounces within and adjacent to the resource area and initial assay results are expected in July." Figure 2 - Plan view map of 2025 Phase 1 drill hole collars and target locations, with significant previous results noted. To view an enhanced version of this graphic, please visit: Figure 3 - Cross section of 2022 drilling results from drill hole MWRC22-021. See news release dated May 12, 2022. To view an enhanced version of this graphic, please visit: About the Manhattan District Manhattan lies in the Walker Lane Trend of Nevada, USA, is road accessible, and is located approximately 20 kilometres south of the active Round Mountain Gold Mine, which has produced greater than 15 million ounces (" oz") of gold (" Au"). For the first time in history, the Company has amalgamated the district's past-producing mines under one entity, which has valuable permitting and water rights. Manhattan has historical Au production dating back to 1906 from high grade placer and lode operations. Manhattan is interpreted as a low sulfidation epithermal Au rich deposit, which sits adjacent to the Tertiary aged Manhattan caldera in the Southern Toquima Range of Nevada. Qualified Person The technical information in this news release has been reviewed and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. About Scorpio Gold Corp. Scorpio Gold holds a 100% interest in two past producing projects, the Manhattan District and the Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day gravity mill, and four past-producing pits that were acquired from Kinross in 2021. The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 100,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights. Scorpio Gold also holds a 100% interest in the Mineral Ridge gold project located in Esmeralda County, Nevada. With a proven and probable resource, valuable permits, water rights, and infrastructure, Mineral Ridge has significant near-term development potential. ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION Zayn Kalyan, Chief Executive Officer and Director Tel: (604)-252-2672 Email: zayn@ Investor Relations Contact: Kin Communications Inc. Tel: (604) 684-6730 Email: SGN@ 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: Phase One and the expected timing and scope thereof and the expected timing of the results therefrom; the potential of Manhattan to become a multi-million-ounce gold asset; the Company's plan to issue a maiden resource for Manhattan in Q3 and to expand on it in Q4 and 2026; and the Company's ability to fully unlock the potential of the Manhattan district. 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.
Edinburgh Reporter
2 days ago
- Business
- Edinburgh Reporter
Business extends opening hours amid roadworks
Edinburgh-based St Andrews Timber & Building Supplies has extended the opening hours of its Stenhouse branch in the city to help customers cope with ongoing roadworks in the area. Earlier this month, Scottish Gas Networks (SGN) began work on upgrading pipes on Gorgie Road near its junction with Stenhouse Drive, with the utility company suggesting it could take 'approximately' 10 weeks to complete. The temporary traffic lights have resulted in lengthy tailbacks, particularly during the morning rush hour, making it difficult for customers to make it through to the builders' merchants located on Stenhouse Mill Lane. In an attempt to help ease customers' frustrations, St Andrews is opening its affected branch at the earlier time of 7am, and is providing coffee and bacon rolls for everyone who battles their way through the traffic before 11am, with no purchase necessary to qualify. Tam Whitehead, Stenhouse branch manager, said: 'When we heard about the work which was planned by SGN, we knew it was going to cause some access issues for our customers. 'That has proved to be the case since it started in early June but we're doing what we can to help the situation. By opening at 7am while the work is in progress, we're hoping it helps the customers beat the traffic and there are bacon rolls and cups of coffee for those who can make it in before 11 o'clock. Anyone popping in during that time will get vouchers from us for a breakfast roll and coffee at the Sitooterie café at Stenhouse Cross. 'We are also operating an increased delivery service with help from the fleet from other branches. Customers who would prefer to avoid the area during the works can make use of this by calling us on 0131 510 7778.' St Andrews opened its Stenhouse branch (pictured) in 2016, and last year modified it with a 'slap through' to link two previously separate warehouses, in the process significantly increasing its stock options. Ahead of the commencement of the work on 2 June, SGN said on its website: 'Our project has been planned in close consultation with local authorities and will take approximately 10 weeks to complete. 'Our work is taking place on Gorgie Road, near its junction with Stenhouse Drive. This particular location has experienced multiple gas leaks in recent years and by upgrading our pipes now, we can prevent future emergency work and disruption. 'To ensure everyone's safety, we need to install temporary traffic lights along Gorgie Road around our working area. These lights will ensure traffic flow can be maintained safely pass our site and excavations in the carriageway. They will be in operation from the w/c 9 June for eight weeks. 'For the duration of our project, Stenhouse Drive will be closed and local diversion routes will be in place for motorists. There will also be no left-hand turn onto Gorgie Road from Els House. We advise motorists to plan ahead and allow more time for journeys, especially during peak travel times.' Like this: Like Related
Scotsman
3 days ago
- Business
- Scotsman
St Andrews extends Stenhouse opening hours during roadworks
Edinburgh-based St Andrews Timber & Building Supplies has extended the opening hours of its Stenhouse branch in the city to help customers cope with ongoing roadworks in the area. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Earlier this month, Scottish Gas Networks (SGN) began work on upgrading pipes on Gorgie Road near its junction with Stenhouse Drive, with the company suggesting it could take 'approximately' 10 weeks to complete. The temporary traffic lights have resulted in lengthy tailbacks, particularly during the morning rush hour, making it difficult for customers to make it through to the builders' merchants located on Stenhouse Mill Lane. Advertisement Hide Ad Advertisement Hide Ad In an attempt to help ease customers' frustrations, St Andrews is opening its affected branch at the earlier time of 7am, and is providing coffee and bacon rolls for everyone who battles their way through the traffic before 11am, with no purchase necessary to qualify. Map: Roadworks. Tam Whitehead, Stenhouse branch manager, said: 'When we heard about the work which was planned by SGN, we knew it was going to cause some access issues for our customers. 'That has proved to be the case since it started in early June but we're doing what we can to help the situation. By opening at 7am while the work is in progress, we're hoping it helps the customers beat the traffic and there are bacon rolls and cups of coffee for those who can make it in before 11 o'clock. Anyone popping in during that time will get vouchers from us for a breakfast roll and coffee at the Sitooterie café at Stenhouse Cross. 'We are also operating an increased delivery service with help from the fleet from other branches. Customers who would prefer to avoid the area during the works can make use of this by calling us on 0131 510 7778.' Advertisement Hide Ad Advertisement Hide Ad St Andrews opened its Stenhouse branch in 2016, and last year modified it with a 'slap through' to link two previously separate warehouses, in the process significantly increasing its stock options. Longer hours: Stenhouse branch. Ahead of the commencement of the work on June 2, SGN said on its website: 'Our project has been planned in close consultation with local authorities and will take approximately 10 weeks to complete. 'Our work is taking place on Gorgie Road, near its junction with Stenhouse Drive. This particular location has experienced multiple gas leaks in recent years and by upgrading our pipes now, we can prevent future emergency work and disruption. 'To ensure everyone's safety, we need to install temporary traffic lights along Gorgie Road around our working area. These lights will ensure traffic flow can be maintained safely pass our site and excavations in the carriageway. They will be in operation from the w/c 9 June for eight weeks. Advertisement Hide Ad Advertisement Hide Ad
Yahoo
6 days ago
- Business
- Yahoo
Road closed after lorry hit building to reopen
A main road through Surrey which closed after a lorry hit a Grade II listed building is set to reopen. The A281 (The Street), in Shalford, has been shut between Church Close and The Seahorse Pub since 29 May while repair work is carried out. Residents have faced a 40-minute diversion and said the closure of the "very busy through-road" has been an "absolute nightmare". Matt Furniss, Surrey County Councillor for Shalford, says the road closure "has been very difficult" but "we hope the roofing will be completed at the end of this week and the scaffolding removed as quickly as possible". Mr Furniss told BBC Radio Surrey the owner of the building had to repoint and replace a gable, with the involvement of Guildford Borough Council's conservation team. He said: "Shalford has suffered for a couple of years now with significant amount of road works particularly with emergency utilities from Thames Water and SGN. "But the good news about the closure it that SGN have managed to speed up their work. "We've managed to coordinate other works into the single closure so a little bit of a silver lining there." Mr Furniss says he was not aware the owner of the lorry was known but the council will still be seeking compensation to cover all costs. Follow BBC Surrey on Facebook, and on X. Send your story ideas to southeasttoday@ or WhatsApp us on 08081 002250. Surrey County Council
Business Upturn
01-06-2025
- Business
- Business Upturn
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BSGM, SGN, HLGN on Behalf of Shareholders
NEW YORK, May 31, 2025 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: BioSig Technologies, Inc. (NASDAQ: BSGM)'s merger with Streamex Exchange Corporation. Upon completion of the proposed transaction, current BioSig shareholders and holders of common stock equivalents will hold 25% of the fully diluted BioSig common stock outstanding. If you are a BioSig shareholder, click here to learn more about your rights and options. Signing Day Sports, Inc. (NYSE: SGN)'s merger with One Blockchain LLC. Upon completion of the proposed transaction, Signing Day shareholders are expected to own approximately 8.5% of the combined company. If you are a Signing Day shareholder, click here to learn more about your rights and options. Heliogen, Inc. (OTCQX: HLGN)'s sale to Zeo Energy Corp. Upon closing of the proposed transaction, Heliogen's securityholders will receive shares of Zeo's Class A common stock valued at approximately $10 million in the aggregate, based on a Zeo Class A common stock price of $1.5859 per share, and subject to an adjustment mechanism based on Heliogen's net cash at the closing. If you are a Heliogen shareholder, click here to learn more about your rights and options. Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected]. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:Halper Sadeh LLCDaniel Sadeh, Halper, World Trade Center85th FloorNew York, NY 10007(212) 763-0060 [email protected] [email protected]
