Scorpio Gold Hits 9.4 g/t Over 13.05m at April Fool’s Target, 850m From Core Resource | Zayn Kalyan

Zayn Kalyan, CEO of sponsor Scorpio Gold Corp. ($SGLD), comes back on MSE to talk about the company’s new discovery hole at the April Fool target in Nevada’s Manhattan district. Hole 26MN-133 hit 9.4 g/t gold over 13.05 meters from 78.63 meters downhole, including 4.11 meters at 19.83 g/t gold. It sits about 850 meters from the core resource area and is the first deep diamond core hole drilled at April Fool. Zayn says the market hasn’t priced in Scorpio’s district: in his description, 8.5 km of mineralized ground holding five historic resources. He also points out that nearly US$19 million of drilling over the past 24 months isn’t in the current resource yet. The updated MRE, targeted for the end of January, could be the re-rate catalyst.

The discussion also covers Black Mammoth’s permitting status, Keystone–Jumbo as the next historic target, progress on the 50,000-meter program, investor feedback since the Nasdaq listing, and a possible non-dilutive restart of the permitted Goldwedge mine and mill.