Scorpio Gold Corporation is rethinking how it supports exploration at its Manhattan District project in Nevada, shifting capital from an underused processing plant into a purpose-built core processing, logging and storage facility. Management says the new hub will let the company increase drilling rates, tighten sample control and speed up geological decision-making.
To fund that pivot, Scorpio’s wholly owned subsidiary Goldwedge LLC has agreed to sell a permitted milling circuit and related equipment on patented claims in the historic Manhattan district to Manhattan Metals Corp.
The gross proceeds of C$750,000 are expected to close on May 14, subject to customary conditions and TSX Venture Exchange approval.
Why centralize core handling? Rather than relying on a small, general-purpose plant, Scorpio is building a dedicated geological hub designed specifically for modern exploration workflows. Centralized sample handling shortens assay turnaround times, improves QA/QC and produces cleaner, more consistent datasets—advantages that translate into faster target refinement and fewer idle holes. Management argues the existing concrete processing structure is too small and operationally mismatched for the district-scale program they envision, so reallocating that capital into a specialized facility makes operational and economic sense.
What the asset sale delivers Manhattan Metals is buying a conventional milling circuit with a nominal capacity of about 400 tons per day, plus a primary crusher, a filter-press tailings dewatering system, fixed and mobile machinery, spare parts, utilities and other supporting infrastructure. Scorpio says the mill has been idle and was maintained in inactive status. The purchase transfers titles, permits, inventories, drawings and technical know‑how to the buyer, and includes the right to relocate the assets.
Proceeds will be directed into the new core processing, logging and storage facility—Scorpio’s chosen backbone for scaling exploration across Manhattan. The company expects this reallocation to accelerate field programs, reduce per-meter exploration costs and compress the time between drilling and interpretive work.
Planned facility features and benefits The proposed hub will centralize core receiving and sample prep, provide dedicated logging and sampling stations, offer secure indoor storage for QA/QC, and integrate digital systems that tie physical samples to geological databases. Expected benefits include:
- – Faster assay turnaround and fewer logistical bottlenecks
- Lower per-sample and per-meter costs through economies of scale
- Improved data integrity for more reliable resource modelling
- Reduced need for repeated site mobilizations and duplicated permitting
Scorpio plans the layout and workflows specifically to support higher annual drill metreage and more rapid interpretation of results.
Exploration context and resource framework The Manhattan District lies in Nevada’s Walker Lane, roughly 20 kilometres south of the Round Mountain mine. Scorpio has consolidated several past-producing properties in the area and holds existing permits and water rights. Historically, the district produced about 700,000 ounces of gold from operations spanning the late 1800s through the mid-2000s, and Scorpio believes the upgraded core facility will help sustain continuous, higher-volume drilling campaigns.
Scorpio also released a maiden mineral resource estimate (Maiden MRE) for the Goldwedge and Manhattan Pit areas in a technical report dated October 23, with an effective date of June 4. The Maiden MRE reports 18,343,000 tonnes at 1.26 g/t gold, containing roughly 740,000 ounces in the inferred category. A separate historical MRE covers additional zones, but Scorpio notes a Qualified Person has not updated that historical figure to current reporting standards, so it is not treated as a current resource.
Technical oversight, disclosure and investor communications All technical information in the release was reviewed and approved by Scorpio’s Qualified Person, Thomas Poitras, P.Geo, chief geologist. The company reminded investors that forward-looking statements depend on assumptions and carry risks, including required regulatory approvals, completion of the asset sale, funding availability, construction and operational risks for the new facility, and commodity market volatility.
To fund that pivot, Scorpio’s wholly owned subsidiary Goldwedge LLC has agreed to sell a permitted milling circuit and related equipment on patented claims in the historic Manhattan district to Manhattan Metals Corp. The gross proceeds of C$750,000 are expected to close on May 14, subject to customary conditions and TSX Venture Exchange approval.0
To fund that pivot, Scorpio’s wholly owned subsidiary Goldwedge LLC has agreed to sell a permitted milling circuit and related equipment on patented claims in the historic Manhattan district to Manhattan Metals Corp. The gross proceeds of C$750,000 are expected to close on May 14, subject to customary conditions and TSX Venture Exchange approval.1
To fund that pivot, Scorpio’s wholly owned subsidiary Goldwedge LLC has agreed to sell a permitted milling circuit and related equipment on patented claims in the historic Manhattan district to Manhattan Metals Corp. The gross proceeds of C$750,000 are expected to close on May 14, subject to customary conditions and TSX Venture Exchange approval.2
