Mining Stock Daily Scorpio Gold on the Sale of Mineral Ridge and a Focus on the Manhattan Gold Project
Jul 29, 2025
Zayn Kalyan, the CEO of Scorpio Gold, shares his vision for the future of the company following their $7.5 million sale of the Mineral Ridge project. He discusses the strategic pivot towards the Manhattan Gold Project, emphasizing aggressive drilling plans aimed at resource expansion. With approximately 5,000 meters of drilling already completed, Zayn highlights the exciting potential of the gap zone between the Gold Wedge Underground and West Pit, generating buzz around upcoming assay results.
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Strategic Focus on Manhattan Project
- Scorpio Gold decided to sell Mineral Ridge to focus solely on the Manhattan Project, which has high potential.
- Manhattan's location near infrastructure and historical development de-risks the project significantly.
Aggressive Drilling Expansion Plan
- Use the cash from Mineral Ridge's sale to aggressively expand drilling at Manhattan.
- Adding a second drill in early September will accelerate resource definition and growth.
Single Asset Focus Benefits
- Focusing on a single well-developed asset like Manhattan can provide more value than spreading resources.
- Manhattan's extensive exploration history and nearby infrastructure make it a strong candidate for core focus.