Scorpio Gold Confirms Round Mountain (16M AuOz) Mineralization in New 5 sq km Target – Zayn Kalyan
Scorpio Gold CEO and director Zayn Kalyan provides an update on the exploration progress at the 100%-owned Manhattan District on Nevada’s Walker Lane trend. Callion reviews the prior 740,000-ounce inferred MRE at 1.26 g/t and the ongoing 50,000 m drill campaign with three rigs, nearly 100 results reported and ~27,000–28,000 m drilled year-to-date, with an updated resource targeted for December/January while maintaining a two-million-ounce goal. He explains a new “caldera thesis” tied to the Manhattan caldera shared with Kinross’ historic 16M AuOz producer Round Mountain (10 miles away), citing early proof-of-concept mineralization in volcanic/tuff units that could support bulk-tonnage expansion, including an intercept of ~0.6 g/t over ~60 m near Black Mammoth. Callion also notes deferred Mineral Ridge sale payments, explores potential low-risk, non-dilutive cash flow from historic tailings/leach pads (six-month evaluation), and says a U.S. uplisting is nearing completion with steady news flow continuing every 1–2 weeks.
00:00 Show Intro
00:19 Manhattan District Overview
01:21 Caldera Thesis Explained
03:00 Volcanics Proof of Concept
05:16 Resource Target Timeline
06:45 Cash Position Update
07:06 Strategy in Weak Market
08:48 Tailings Cash Flow Idea
10:18 Up Listing Progress
10:38 Drilling News Flow
11:13 Investor Sentiment Check
TSX.V: SGN — OTCQB: SRCRF — FSE: RY9
