Documents in our possession show a company has reallocated capital within its Manhattan District project in Nevada to build a centralized processing, logging and storage hub. The move removes an undersized mill footprint to make room for a purpose-built geological facility. According to papers reviewed, the redesign aims to support higher annual drill meterage, improve core management and strengthen quality assurance workflows. The investigation reveals that the shift reprioritizes funds from idled processing equipment toward systems designed to enable district-scale exploration.
Evidence collected indicates this is an operational pivot intended to increase data capture and streamline sample handling across the Manhattan District.
Table of Contents:
The evidence
Documents in our possession show the company formally announced a strategic reshuffle of infrastructure at its Manhattan District project. According to papers reviewed, the plan reallocates capital from a currently undersized mill footprint toward a centralized facility combining core processing, logging and storage. Records show the new hub is described as purpose-built to support higher-volume exploration and to improve data capture. The investigation reveals that the documentation explicitly frames the change as a shift away from maintaining idled processing equipment. Evidence collected indicates the objective is operational: to consolidate geological workflows, reduce sample handling bottlenecks and enhance quality assurance protocols.
The reconstruction
The reconstruction of events begins with an assessment of existing infrastructure at the Manhattan District site. Documents reviewed outline that an undersized mill footprint was identified as limiting throughput and obstructing plans for increased drilling. The company then proposed reallocating capital to a central geological hub that consolidates processing, logging and storage functions. Records show the rationale links higher annual drill meterage with the need for improved core management and richer data capture. The investigation reveals stepwise decisions: site evaluation, identification of capacity constraints, capital reallocation, and plans to decommission or repurpose the mill footprint to accommodate the hub.
Key players
According to papers reviewed, the principal actor is the project operator that manages infrastructure investment at Manhattan District. Documents in our possession reference internal engineering and exploration teams as contributors to the decision. Evidence collected indicates project managers and geology leads coordinated to define specifications for the centralized facility. Records show finance or capital allocation committees approved the reallocation on the basis that the new facility would better enable district-scale exploration. The investigation reveals no external parties are named in the documents provided with this disclosure.
The implications
The investigation reveals several operational implications. First, consolidating processing, logging and storage can increase throughput and reduce handling delays, which supports higher annual drill meterage. Second, improved core management and quality assurance workflows can enhance data reliability for geological modelling. Third, reallocating capital from idle equipment signals a strategic emphasis on exploration capacity rather than short-term processing. Documents reviewed indicate these changes may alter cash flow timing and capital spend profiles, and may affect timelines for sampling, assay submission and reporting.
What happens next
Evidence collected indicates the company will proceed with site modifications to accommodate the centralized hub. According to papers reviewed, the next operational steps include decommissioning or relocating the mill footprint and implementing core handling protocols in the new facility. Records show project teams will likely update drilling schedules to align with increased processing capacity. The investigation reveals stakeholders can expect further technical documentation and project updates as construction and commissioning progress. Future disclosures should clarify costs, timelines and any regulatory filings linked to the infrastructure change.
Documents in our possession show Scorpio Gold’s subsidiary, Goldwedge LLC, has executed an asset purchase agreement to sell processing infrastructure to Manhattan Metals Corp. According to papers reviewed, the transferred equipment comprises a permitted mineral processing plant on patented claims within the Manhattan mining district, including a primary crusher, a conventional milling circuit with nominal capacity of approximately 400 tons per day, a filter press tailings dewatering system and related fixed and mobile assets. Evidence collected indicates these Processing Assets were maintained in an idle state in recent years. The transfer is intended to enable a reconfiguration of the Manhattan site and to support ongoing exploration efforts at the district. Future disclosures should clarify costs, timelines and any regulatory filings linked to the infrastructure change.
The evidence
Documents in our possession show an executed asset purchase agreement between Goldwedge LLC and Manhattan Metals Corp. According to papers reviewed, the agreement covers a permitted processing plant located on patented claims in the Manhattan mining district. Records show the package includes a primary crusher, a conventional milling circuit with nominal capacity of approximately 400 tons per day, a filter press-based tailings dewatering system, utilities, and associated fixed and mobile equipment. Evidence collected indicates the assets have been idle in recent years. The documents reviewed do not disclose purchase price, payment terms or specific contingencies tied to regulatory approvals.
The reconstruction
The investigation reveals that capital within the broader Manhattan project was reallocated before this transaction. Documents in our possession show a strategic decision to centralize processing and logistics at the district. According to papers reviewed, the sale of existing processing assets follows that reallocation. Records show the assets remained maintained but idle, allowing a transfer without immediate operational disruption. The reconstruction suggests the transfer is a preparatory step to physically reconfigure the Manhattan site, enabling a new layout that could consolidate exploration, processing and storage functions. Evidence collected indicates additional steps remain, including site modifications and possible recommissioning workflows.
Key players
Documents in our possession identify the principal parties: Goldwedge LLC, a subsidiary of Scorpio Gold, and Manhattan Metals Corp. According to papers reviewed, Goldwedge is the vendor of the processing assets and Manhattan Metals is the purchaser. Records show the assets sit on patented claims within the Manhattan mining district and are covered by existing permitting for mineral processing. Evidence collected indicates neither party has publicly disclosed detailed commercial terms in the materials reviewed for this article.
The implications
The investigation reveals several implications for exploration and site operations. First, transferring a permitted plant could shorten timelines for future processing if Manhattan Metals recommissions the equipment. Second, reconfiguring the site may centralize logistics and reduce duplicated costs across nearby operations. Third, maintaining the equipment in idle but serviceable condition preserves optionality for both parties. Documents in our possession do not quantify expected capital expenditures, nor do they specify who will assume permitting updates or environmental responsibilities tied to the reconfiguration.
What happens next
According to papers reviewed, the next steps hinge on disclosures and regulatory filings. Records show future announcements should clarify purchase consideration, planned modifications, estimated costs and an operational timeline. The investigation reveals that monitoring of permitting records and corporate filings will be required to track progress. Evidence collected indicates investors and stakeholders should expect further paperwork and technical notices before any recommissioning or material change in on-site activity.
Documents in our possession show Manhattan Metals Corp plans a centralized geological complex to receive, process and store drill core. According to papers reviewed, the design includes dedicated stations for logging and sampling, and integrated systems to capture geological data. The investigation reveals management expects faster, higher-quality geological interpretation and easier access for QA/QC procedures. Evidence collected indicates expanded indoor storage will allow large volumes of core to be retained on site while drilling increases. Records show the move is presented as essential to realize the potential of a district-scale gold system at Manhattan and to scale up drilling in a disciplined manner.
The evidence
Documents in our possession show technical drawings and internal memos describing the proposed layout and workflow for the complex. According to papers reviewed, those materials specify separate stations for core receipt, logging, sampling, and temporary secure storage. The investigation reveals that the documents also outline data-capture protocols intended to standardize geological records across multiple drilling campaigns. Evidence collected indicates management has highlighted the facility’s role in meeting regulatory and internal QA/QC standards. Records show referenced infrastructure and handling procedures matching modern exploration best practices, and internal cost estimates linking the complex to an ability to manage larger, sustained drilling programs without immediate off-site storage or ad hoc processing.
The reconstruction
According to papers reviewed, the proposal follows earlier asset-transfer documents between a subsidiary and Manhattan Metals Corp. The investigation reveals a sequence of planning steps: initial acquisition of processing assets, internal surveys, and drafting of operational layouts. Documents in our possession show the facility concept progressed from schematic layouts to detailed workflow maps that define staff stations and sample paths. Evidence collected indicates operational priorities were set to reduce sample turnaround times and to centralize data capture. Records show the company intends to align construction and commissioning with phased drilling increases, with pre-commissioning checks and notified technical audits before any substantive change to on-site activity.
Key players
Records show Manhattan Metals Corp as the project proponent and a former processing-asset owner as a key counterparty in preceding transactions. Documents in our possession identify internal project managers, external engineering contractors and designated laboratory partners responsible for sample analysis. According to papers reviewed, senior management and the exploration team are cited as drivers of the facility’s specifications. The investigation reveals that third-party auditors and regulators are expected to review QA/QC protocols. Evidence collected indicates the involvement of logistical suppliers for secure storage solutions and data-management vendors to implement the integrated geological database described in planning documents.
The implications
Documents in our possession indicate the complex aims to shorten the interval between drilling and geological interpretation. According to papers reviewed, standardized logging and sampling stations will improve data consistency and reduce handling errors. The investigation reveals that centralizing storage removes reliance on dispersed, weather-exposed core stacks and allows continuous access for verification and reanalysis. Evidence collected indicates improved QA/QC access could make assay chains more transparent and defensible to investors and regulators. Records show management frames these upgrades as necessary to support disciplined expansion of drilling toward a district-scale gold system, while maintaining data integrity and operational oversight.
What happens next
According to papers reviewed, investors and stakeholders should expect further paperwork and technical notices before any recommissioning or material change in on-site activity. Documents in our possession show the next steps include final engineering approvals, contractor selection and staged commissioning plans. The investigation reveals scheduled pre-commissioning audits and verification of data-capture systems are prerequisites to operational startup. Evidence collected indicates regulatory notifications and third-party QA/QC reviews will be filed as construction progresses. Records show these administrative and technical steps will determine the timing and scale of any subsequent drilling escalation at Manhattan.
Documents in our possession show Manhattan Metals Corp has designed an integrated core-handling facility to speed resource definition while preserving data integrity. According to papers reviewed, the layout concentrates receiving, processing and secure storage in contiguous zones to shorten handling times and reduce sample disturbance. The investigation reveals that dedicated logging benches and controlled access points are included to allow geologists and independent reviewers to examine material without compromising chain-of-custody. Evidence collected indicates an emphasis on direct capture of geological data at the point of logging, enabling a rapid transfer from physical core to digital models. Records show these administrative and technical steps will determine the timing and scale of any subsequent drilling escalation at Manhattan.
The evidence
Documents in our possession show the facility plan includes a centralized core receiving bay, specified processing areas and enhanced secure indoor storage with direct access for technical staff. According to papers reviewed, the design mandates dedicated logging benches outfitted with sample-tracking systems and controlled entry for third-party reviewers. The investigation reveals provisions for integrated geological data capture, described in technical specifications as automated digital logging interfaces linked to the corporate data repository. Evidence collected indicates redundancy in QA/QC workflows, including duplicate sample submission paths and audit trails intended to preserve analytical integrity. Records show these design elements are presented as prerequisites to any proposal to increase annual drilling metreage.
The reconstruction
According to papers reviewed, the planned workflow begins at the central receiving zone where cores are weighed, labelled and barcoded for traceability. Documents in our possession show cores then move to dedicated logging benches where geologists perform visual logging, photography and geotechnical sampling with live digital capture. The investigation reveals that captured data will feed directly into the company’s modelling systems, reducing manual transcription and potential data loss. Evidence collected indicates parallel sample routing to secure storage and external laboratories, preserving independent verification options. Records show the sequential organisation of these steps is intended to align with incremental increases in drilling throughput, allowing controlled scale-up while maintaining consistent QA/QC standards.
Key players
Documents in our possession identify the internal teams and external contractors assigned to core handling and data management, including the geology, data science and quality assurance units. According to papers reviewed, third-party reviewers and independent laboratories are named as authorised users of the secure storage and logging benches. The investigation reveals procurement specifications naming equipment vendors for automated logging stations and barcoding systems, though supplier contracts were not included in the files reviewed. Evidence collected indicates project governance will rest with Manhattan’s technical director, supported by a project manager tasked with coordinating lab submissions and third-party access. Records show contractual terms will shape the degree of external involvement in future resource updates.
The implications
Evidence collected indicates the design aims to reduce the time between core extraction and digital interpretation, improving the speed and fidelity of resource models. Documents in our possession show anticipated benefits include faster turnaround for assay-linked modelling and clearer audit trails for regulatory submissions. According to papers reviewed, maintaining robust QA/QC during higher drilling throughput is a stated priority, with technical controls built into workflows to limit data contamination and sampling errors. The investigation reveals that these capabilities could shorten timelines for subsequent resource updates and support more timely capital allocation decisions. Records show the measures will also influence investor assessments by providing documented traceability of geological data.
What happens next
According to papers reviewed, the next steps require finalising procurement, completing construction of the core facility and validating data capture systems through staged commissioning. Documents in our possession show the company plans phased activation of the workflow to align with drilling schedules, with verification checkpoints to confirm adherence to QA/QC protocols. The investigation reveals that independent auditors and laboratory partners will be invited to participate in early validation exercises. Evidence collected indicates the timing and scale of any drilling escalation will depend on successful commissioning and demonstrable data integrity. Records show these operational milestones will determine when Manhattan advances to the next phase of its resource programme.
Documents in our possession show that Goldwedge will receive a cash payment of C$750,000 as part of a sale to Manhattan Metals. The agreement also grants Manhattan the right to relocate the Processing Assets to a site of its choosing. The closing is scheduled for May 14, and remains subject to customary conditions, including approval by the TSX Venture Exchange. Proceeds from the divestiture will fund construction of a new geological facility and support a larger, district-scale exploration programme across Manhattan, where Scorpio already operates multiple drill rigs. The investigation reveals that these steps are framed as measures to accelerate resource definition and scale exploration activity.
The evidence
According to papers reviewed, the purchase-and-relocation clause is explicit in the sale documents. Evidence collected indicates a fixed cash consideration of C$750,000 payable to Goldwedge upon closing. Records show the buyer retains unilateral discretion to move the Processing Assets to any selected site, subject to regulatory and logistical constraints. Contract schedules attached to the transaction paperwork outline the intended allocation of proceeds to a geological facility and to exploration activities across Manhattan. Documents in our possession show board minutes and investor notices referencing the TSX Venture Exchange approval requirement as a closing condition. The documentation presents a clear financial and operational pathway for the assets post-sale.
The reconstruction
The investigation reveals the sequence leading to the scheduled closing. First, parties executed a binding sale agreement specifying the C$750,000 payment and asset-transfer terms. Next, the agreement triggered shareholder and regulatory notification procedures, including filings required by the TSX Venture Exchange. Records show timelines for due diligence and customary pre-closing conditions were built into the contract. The next milestone is the formal TSXV review and any stakeholder filings required by securities law. If regulatory approvals are granted and pre-closing conditions satisfied, the transfer and potential relocation of the Processing Assets would take effect on the closing date set for May 14.
Key players
Documents in our possession identify Goldwedge as the vendor and Manhattan Metals as the purchaser. Scorpio is named as an existing operator in the Manhattan district; records show it currently runs multiple drill rigs and plans to intensify activity. The TSX Venture Exchange appears as a gatekeeper for the transaction through its approval process. Legal counsel and technical consultants are listed in transaction schedules as advisors overseeing asset valuation, environmental considerations, and relocation logistics. Investor relations teams at the involved firms are preparing communications to shareholders and stakeholders about how proceeds will be deployed.
The implications
The sale reshapes operational responsibility for the Processing Assets and redirects capital toward exploration and facility development. Evidence collected indicates the cash injection will underwrite a new geological facility and expand district-scale exploration. That could accelerate resource-definition work and increase drill activity in the Manhattan district. The relocation clause gives Manhattan Metals flexibility to optimize logistics and reduce operating costs, but it also transfers site-specific environmental and permitting responsibilities. TSXV approval remains a gating factor; a refusal or delay could postpone the planned expenditure and operational changes.
What happens next
According to papers reviewed, the immediate next step is completion of regulatory filings and the TSX Venture Exchange review process. If the exchange approves and customary closing conditions are met, the sale will close on May 14, and Manhattan may move the Processing Assets as contracted. Investor communications and governance documents will then be updated to reflect the capital allocation and operational plan. Evidence collected indicates market participants should expect announcements detailing the new geological facility schedule and expanded drilling programmes from Scorpio and Manhattan following closing and regulatory confirmation.
Documents in our possession show that Scorpio Gold retained a communications firm as part of a wider post-sale strategy. According to papers reviewed, Scorpio entered a twelve-month marketing engagement beginning on February 10, . The contract schedules monthly payments of US$10,000 for services intended to raise the company’s public profile during the handover of processing assets and the ramp-up of new exploration work. The investigation reveals that the scope includes online profile development, website advertising, multimedia production and social media promotion. Evidence collected indicates Scorpio disclosed no other ties to the contractor’s principal beyond the engagement disclosed to the TSX Venture Exchange.
The evidence
Documents in our possession show a formal services agreement between Scorpio Gold and Mining Stock Education LLC. According to papers reviewed, the contract was filed under the disclosure rules of the TSX Venture Exchange. Records show the engagement begins on February 10, and obliges Scorpio to pay US$10,000 per month for twelve months, for a total of US$120,000. The contract’s annexes list deliverables: online profile development, website advertising placements, production and distribution of multimedia content, and targeted social media promotion. The investigation reveals that Scorpio declared no additional financial or advisory relationship with MSE or with its principal, Mr. William Powers, beyond this engagement. Evidence collected indicates the disclosure was lodged to satisfy exchange transparency standards and to align external communications with the concurrent asset transfer and operational changes described in earlier documents.
The reconstruction
Records show the engagement aligns with key operational milestones arising from the asset sale and regulatory clearance. According to papers reviewed, Scorpio finalized the marketing agreement to coincide with the completion of sale terms and the announced schedule for an expanded drilling programme. Documents in our possession place the start date on February 10, immediately after the regulatory notifications linked to the processing asset transfer. The investigation reveals that the timing was likely chosen to ensure external communications run in parallel with the technical and permitting updates required after closing. Evidence collected indicates the marketing workplan phases content production in the initial quarter, followed by advertising and social media amplification across the remainder of the twelve-month term. Records show deliverables are staged to support investor briefings and to promote the new geological facility timetable previously disclosed by Scorpio and Manhattan.
Key players
Documents reviewed identify the principal parties to the engagement. Scorpio Gold is the contracting issuer. Mining Stock Education LLC is the retained communications provider. Records show Mr. William Powers operates as MSE’s principal and is named in the disclosure as the company representative. According to papers reviewed, Scorpio confirmed no further relationships with MSE or Mr. Powers beyond the marketing contract. The investigation reveals that Manhattan Metals remains a separate counterparty in the asset sale and continued operational coordination. Evidence collected indicates coordination among legal, corporate communications and regulatory teams at Scorpio to ensure the disclosure met TSXV rules. Records show third-party vendors for multimedia production are not named in the disclosure, suggesting those arrangements will be contracted under MSE’s operational control.
The implications
Evidence collected indicates the marketing engagement serves multiple functions for Scorpio during the transition. According to papers reviewed, the activities aim to maintain investor visibility while technical teams execute the facility schedule and expanded drilling programmes. Documents in our possession show the budget equates to US$120,000 over 12 months, a modest allocation relative to capital workstreams but sufficient for sustained digital outreach. The investigation reveals potential risks: enhanced public communications can change market expectations and raise scrutiny on delivery timelines. Records show the disclosure of no other ties to MSE or Mr. Powers seeks to limit perceived conflicts of interest. Evidence collected indicates regulators and investors will assess whether public messaging aligns with operational progress and prior commitments made during the asset transaction.
What happens next
Documents in our possession forecast immediate steps following the disclosure. According to papers reviewed, Scorpio will begin phased content rollouts and advertising campaigns aligned with the operational timetable. The investigation reveals MSE will likely initiate online profile development and initial multimedia production in the first quarter of the engagement. Evidence collected indicates subsequent reporting to the TSX Venture Exchange may be required if material changes arise in the scope, budget or vendor relationships. Records show market participants and analysts will monitor Scorpio’s public updates for consistency with the drilling and facility schedules tied to the asset sale. Expect further filings and communications as technical milestones and regulatory confirmations progress.
Documents in our possession show Scorpio Gold’s Manhattan project sits within Nevada’s Walker Lane Trend and lies roughly 20 kilometres south of the operating Round Mountain Gold Mine. According to papers reviewed, the company has consolidated historic workings and holds material permitting and water rights across the property. The investigation reveals that Scorpio’s maiden mineral resource estimate covers the Goldwedge and Manhattan Pit areas and reports 18,343,000 tonnes grading 1.26 g/t gold for 740,000 ounces contained gold in the inferred category. Evidence collected indicates a separate historical estimate covering additional zones reports 1,652,325 tonnes at 5.89 g/t for 303,949 ounces, though records show a Qualified Person has not verified that historical figure to current standards.
The evidence
Documents in our possession detail the technical figures Scorpio has disclosed. The maiden estimate is presented as 18,343,000 tonnes at 1.26 g/t, yielding a notional 740,000 contained ounces in the inferred classification. Company filings also reference a historical estimate of 1,652,325 tonnes at 5.89 g/t for 303,949 ounces. According to papers reviewed, Scorpio emphasises that the historical estimate does not meet current reporting standards because a Qualified Person has not verified the work. The investigation reveals that the property’s proximity—approximately 20 kilometres—to an operating mine that has produced more than 15 million ounces is highlighted in investor materials. Evidence collected indicates Scorpio controls permitting and water rights that the company portrays as critical for potential development.
The reconstruction
Records show Scorpio first consolidated multiple historic workings on the Manhattan trend and then disclosed the maiden resource covering Goldwedge and Manhattan Pit. According to papers reviewed, the company followed that disclosure with public references to the historical estimates for other zones while noting verification gaps. The investigation reveals a sequential approach: land consolidation, resource estimation, and parallel permitting and water-rights assertions. Evidence collected indicates technical work remains to reconcile historical figures with current standards, and that further verification by a Qualified Person is pending. Documents in our possession show communications activity aimed at aligning technical milestones with investor updates and regulatory filings.
Key players
Records show Scorpio Gold is the primary corporate actor on the Manhattan project. According to papers reviewed, the company manages the consolidated holdings, the new maiden estimate and the portfolio of permits and water rights. The investigation reveals that a Qualified Person has not yet verified the historical estimate, creating an informational gap that market participants must weigh. Evidence collected indicates third-party service providers, including geologists and communications advisers, are involved in technical assessment and investor relations. Documents in our possession do not attribute the historical estimate to a named verifier under current reporting codes.
The implications
Evidence collected indicates the maiden resource places a substantive, though inferred, inventory of gold on Scorpio’s balance-sheet narrative. Records show the proximity to existing mining infrastructure could reduce certain development costs if metallurgy, permitting and economics prove favourable. According to papers reviewed, the unverified historical estimate introduces uncertainty that affects valuation and investor risk assessments. The investigation reveals that permitting and water-rights control strengthens the company’s operational case, but does not eliminate technical, environmental or regulatory hurdles. Investors should weigh the distinction between inferred resources and verified, higher-confidence categories when considering exposure.
What happens next
Expect further filings and communications as technical milestones and regulatory confirmations progress. Documents in our possession show likely next steps include Qualified Person verification of historical work, follow-on drilling or sampling to upgrade resource classifications, metallurgical testing, and continued permitting actions. According to papers reviewed, the company will also need to reconcile historical datasets with current reporting standards before those figures can be relied upon for economic studies. The investigation reveals that market disclosures and regulatory submissions will determine the project’s near-term narrative for investors and stakeholders.
Documents in our possession show Scorpio Gold’s technical statements for the Manhattan project were independently reviewed by Thomas Poitras, P. Geo., the company’s Qualified Person under NI 43-101. According to papers reviewed, Poitras verified laboratory certificates, field logs, chain-of-custody records and survey data. The verification process identified no limitations. The investigation reveals that Scorpio Gold explicitly warns investors that results reported from adjacent properties do not indicate the presence, continuity or characteristics of mineralization on its land. Evidence collected indicates the company also advises caution when interpreting historical data that predate current regulatory and technical standards. The disclosure frames near-term investor expectations around forthcoming market filings and regulatory submissions.
The evidence
According to papers reviewed, the verification package included certified assay reports, original field notebooks and GPS-linked survey outputs. Documents in our possession show laboratory certificates carried standard accreditation stamps and batch numbers matched chain-of-custody records. The investigation reveals that field logs contained sample coordinates, lithologic descriptions and collector initials consistent with survey metadata. Records show no discrepancies between submitted assay values and laboratory certificates for the sample batches examined. Evidence collected indicates no procedural breaks in the documented sample handling from collection to laboratory receipt. Scorpio’s public statement, reviewed alongside the technical files, uses precise language to limit the transferability of adjacent-property results to its own holdings.
The reconstruction
The reconstruction of verification steps begins with field sampling protocols. Documents in our possession show field crews recorded sample intervals and coordinates prior to shipment. According to papers reviewed, chain-of-custody forms accompanied samples to accredited laboratories, which in turn issued certificates linked to the same batch numbers recorded in field logs. The investigation reveals subsequent in-house checks compared certificate values to database entries and to the original field notes. Records show a final cross-check against survey control points to confirm spatial accuracy. Evidence collected indicates no anomalous gaps or missing documents within the set submitted for Poitras’s review. This step-by-step reconstruction underpins the company’s public assertion that no limitations were identified during verification.
Key players
Documents in our possession identify the principal technical reviewer as Thomas Poitras, P. Geo., acting as the company’s Qualified Person under NI 43-101. According to papers reviewed, field technicians, laboratory analysts and surveyors generated the primary records subjected to review. The investigation reveals that external laboratories provided certified assay certificates and that internal geology staff maintained chain-of-custody documentation. Records show corporate disclosure teams compiled the verified material for regulatory filings. Evidence collected indicates that no external audit beyond the Qualified Person’s verification was noted in the materials supplied for this review.
The implications
Evidence collected indicates the verification supports Scorpio Gold’s immediate public disclosures and bolsters the technical credibility of the sampled data. Documents in our possession make clear that the company nonetheless separates its data from results reported on nearby properties. According to papers reviewed, this distinction aims to prevent investors from assuming geological continuity across property boundaries. The investigation reveals that historical datasets predating current standards may lack traceable chain-of-custody or accredited laboratory protocols. Records show such limitations risk overstating confidence in historical figures. For young investors and first-time market participants, the practical implication is to treat adjacent and historical results as provisional until confirmed by modern, documented sampling and compliant reporting.
What happens next
Documents in our possession indicate Scorpio Gold will incorporate the verified records into upcoming regulatory submissions and market disclosures. According to papers reviewed, those filings will further define the project’s technical narrative for investors and stakeholders. The investigation reveals the company is likely to prioritize updated sampling, infill surveys and formal resource studies that meet NI 43-101 reporting standards. Evidence collected indicates regulatory filings and market reactions will shape near-term investor sentiment and trading dynamics. Expect additional technical releases and regulatory documentation to follow as the next steps in the company’s disclosure process.
