Scorpio Gold Corp.
Primary Ticker: TSXV:SGN, OTCQB:SRCRF, FSE:RY9
Stage of Development: Production, Exploration
Primary Minerals: Gold
Country / Region: United States
Market Cap 77M
Website: 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. Scorpio Gold produced over 222,440 oz of gold at Mineral Ridge between 2010 and 2017. With a proven and probable resource, valuable permits, water rights, and infrastructure, Mineral Ridge has significant near-term development potential.
Attracted with the high-grade nature and quality of the Perron project, Edorado Gold was an initially strategic 9.9% investor in Amex but with the financing August 2025 they own ~17%.
Management Profile
Zayn Kalyan, CEO and Director
Zayn Kalyan is an experienced investment banker and business development executive. Starting his career as a software engineer, his background in the “ground-up” development of startup technology companies serves as his foundation in finance. He has been the CEO of Infinity Stone since 2017 and has played a critical role in its evolution and focus on the battery metals space. As a partner at Altus Capital Partners, Zayn has played an instrumental role in the origination of over $50 million in financing. Zayn has served in upper management and on the boards of multiple public companies since 2014.
What is your rationale for taking part in 121 Mining Investment?
Investors looking to invest in gold exploration companies who have near-term production potential, and are looking for private placement opportunities, including market support. We are about to commence drilling on our Manhattan flagship project, and are looking to make an internal resource compliant by Q2 2025.
What recent news would you like to highlight to investors attending?
- March 31, 2025: Scorpio Gold Announces Plan to Close Oversubscribed First Tranche of Private Placement for Over $5.4 million https://scorpiogold.com/news/scorpio-gold-announces-plan-to-close-oversubscribed-first-tranche-of-private-placement-for-over-5.4-million/
- February 27, 2025: Scorpio Gold Announces $3.5 Million Private Placement https://scorpiogold.com/news/scorpio-gold-announces-3.5-million-private-placement/
What are your key goals for the next 3, 6 and 12 months?
3 Months
Q2 2025: at Manhattan project:
- Complete Maiden Resource Estimate
- Resource Expansion Drilling and New Target Exploration
6 Months
Q3+Q4 2025: at Manhattan project: Commence our Metallurgical Program
- Several holes located in the Normétal Volcanic Sequence (pluton contact), Beaupré Block and Normétal South Block.
- New targeting on the Patten Pluton which hosts the significant Patten fault which could be subject to mineralization.
- Strong potential for further expansion and new discoveries.
12 Months
Q1 2026: at Manhattan project: Confirm Expanded Mineral Resource Estimate and Geologic Continuity
What do you think makes your company such a compelling investment?
- We have the goal of confirming a greater than 500,000 oz gold resource at Manhattan this year.
- We have excellent recoveries. Historical open-pit production returned ~70% gold. Additional historical testing suggests 90+% gold is possible.
- High-grade: Mineralization is +1 g/t gold for the maiden resource.
- Expansion Potential. We have the goal of increasing our Mineral Resource by 2-3 times throughout the District.
- Land Package has never been consolidated and have district-scale potential.
What are the top 3 key investor takeaways?
- A Clear Plan to Create New Value Quickly - Excellent team with the ability to raise capital in a difficult market and have a targeted focus to commence resource expansion drilling and new target exploration this summer to build out the resource and district scale potential.
- Notable Resource Forthcoming at Manhattan project - Maiden Resource Estimate targeting for end of Q2 2025.
- District Scale Opportunity - Significant infrastructure, modest resource, and undrilled exploration potential to define bigger system (higher grades, better metallurgy)
