Scorpio Gold - Exploration Update At Manhattan Project; Phase 2 Drilling Started, Phase 1 Completed, Answering Your Questions
Zayn Kaylan, CEO of Scorpio Gold (TSX.V:SGN - OTCQB:SRCRF - FSE:Z3S) joins me to recap the August 1st news release announcing the start of the Phase 2 drill program and the completion of the Phase 1 drill program, at the Manhattan Project in Nevada.
Zane provides a detailed recount of both phases, explaining the Company’s objectives, methodologies, and preliminary results. We dive into the historical context, referencing nearly 100,000 meters of drilling done by Echo Bay and Kinross since the early 90s. Scorpio Gold’s new drilling aims to confirm the historic results and extend the understanding of mineralization. Moreover, this updated drilling data is crucial for Scorpio's goal of publishing a maiden resource, expected by Q1 of next year.
Zane shares the initial indications from Phase 1, including the goal of connecting the Goldwedge underground and Manhattan West Pit . Zane also addresses investor concerns about the recent downtrend in share prices, attributing it to the newly free trading shares from a financing round earlier in the year.
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