Scorpio Gold Announces Engagement of Daniel Kunz and Associates as Technical Consultants for its Exploration Program at Manhattan District, Walker Lane Gold Belt, Nevada
TSXV:SGN, OTC:SRCRF, FSE:RY9
#750-1095 W. Pender St.
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WWW.SCORPIOGOLD.COM
Scorpio Gold Announces Engagement of Daniel Kunz and Associates
as Technical Consultants for its Exploration Program at Manhattan
District, Walker Lane Gold Belt, Nevada
Key Highlights
• Scorpio Gold has engaged Daniel Kunz & Associates to oversee the technical aspects of
its 2024 Manhattan District exploration program, including an upcoming drill program.
• Daniel Kunz brings extensive international mining experience, previously contributing to
major projects and financial growth as CEO of Ivanhoe Mines and Prime Mining.
• Scorpio aims to develop a 43-101 compliant resource by the end of the year on its
Manhattan District Properties, leveraging over 1200 historic drillholes, as well as results
from the 2024 program.
May 15, 2024 - Vancouver, British Columbia – Scorpio Gold Corporation (TSX-V: SGN, OTC:
SRCRF, FSE: RY9) (“Scorpio Gold”, “Scorpio”, or the “Company”) is pleased to announce the
engagement of Daniel Kunz & Associates LLC (“Daniel Kunz & Associates ” or “ DKA”) as
technical consultants to lead the Company’s exploration program at its Manhattan District
Properties. DKA will be playing an integral role in the planning and execution of Scorpio’s
upcoming 2024 Manhattan exploration program, including extensive modelling of the 1,200 plus
historic drillholes, targeting for the forthcoming drill program, and review and consolidation of
historic data. The core goal of the 2024 Manhattan exploration program is to work towards a 43-
101 compliant resource later this year.
Daniel & Kunz and Associates, founded and led by Daniel Kunz, is a mining consulting firm based
in Boise, Idaho . Mr. Kunz has significant experience in international mining, engineering, and
construction, including marketing, business development, management, accounting, finance, and
operations. Mr. Kunz was S enior Vice President and Chief Operating Officer of Ivanhoe Mines
Ltd. (“Ivanhoe Mines”) from November 1997 until October 2000, and then was President, Chief
Executive Officer and Director of Ivanhoe Mines from November 2000 until March 2003. Mr. Kunz
was one of the driving forces in taking Ivanhoe Mines into Mongolia where, in 2001, the Company
discovered Oyu Tolgoi, one of the world’s largest copper -gold deposits. During his seven- year
tenure, the market c apitalization value of Ivanhoe Mines increased from $400 million to $4.4
billion.
More recently, Mr. Kunz w as the founder, CEO, President and Director of Prime Mining Corp.
(“Prime”), until he stepped down as CEO and President in January 2024. Mr. Kunz was
instrumental in a number of significant milestones for Prime, including Prime’s graduation to the
main board of the Toronto Stock Exchange, its updated mineral resource estimate for the Los
Reyes Project, and its inaugural sustainability report, as well as significant financings.
“Working with Dan and his team at DKA is a critical step for Scorpio as we move forward with
exploration on Manhattan. Dan’s background and proven track record of economic discoveries
not only enhances our strategic planning, but also validates the immense potential and
opportunity we see for value creation at the high-grade Manhattan D istrict," said Zayn Kalyan,
CEO of Scorpio.
Alongside Mr. Kunz, Peter Parsley, a senior associate with DKA, has been engaged to work on
the Manhattan Exploration Program. Mr. Parsley brings a valuable knowledge base, skillset, and
approach to the Manhattan District, having worked with Echo Bay Mines, the former operator of
the Manhattan Mine in the 1980s. Mr. Parsley has over 38 years of varied experience in
exploration, mine permitting, development, compliance, and mine disturbance reclamation. He
also has extensive economic minerals experience and has had reporting responsibilities in both
Canada and the United States. He worked for Tenneco Minerals Co. as Chief Geologist and was
responsible for regional exploration programs and mine development in the Goldstrike District in
southwestern Utah. He also conducted regional reconnaissance programs in Nevada for Tenneco
Minerals.
About Scorpio Gold Corp.
Scorpio Gold holds a 100% interest in two past producing mines, the Manhattan Mine and the
Mineral Ridge Mine, both located in the Walker Lane Trend of Nevada, USA. Scorpio's Manhattan
District comprises the advanced exploration- stage Goldwedge Project, with a 400 ton per day
gravity mill, and the adjacent 4,300-acre Manhattan Project, centered on two past-producing pits,
acquired from Kinross in 2021. The consolidated Manhattan District presents an exciting late-
stage exploration opportunity, with over 100,000m+ of historical drilling, with significant resource
potential, alongside valuable permitting. Scorpio Gold also holds a 100% interest in the Mineral
Ridge gold project located in Esmeralda County, Nevada. Scorpio produced over 222,440oz of
gold at Mineral Ridge between 2010 and 2020. With a proven and probable resource, valuable
permits, water rights, infrastructure, and the recently acquired adjacent North Star exploration
target, Mineral Ridge has significant near-term development potential.
ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION
Zayn Kalyan, Chief Executive Officer and Director
Tel: (604)-252-2672
Email: [email protected]
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Forward-Looking Statements
This news release contains forward-looking statements that are based on the Company’s current
expectations and estimates. Forward- looking statements are frequently characterized by words
such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate”
and other similar words or statements that certain events or conditions “may” or “will” occur, and
include, without limitation, statements regarding: the Company’s exploration and drilling program
on it’s Goldwedge and Manhattan projects; the Company’s engagement of DKA and the expected
benefits of such engagement; the potential and opportunity for value creation at the high- grade
Manhattan district; and work towards a 43-101 compliant resource this year. There is significant
risk that the forward -looking statements will not prove to be accurate, that the management’s
assumptions may not be correct and that actual results may differ materially from such forward-
looking statements. Such forward -looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to differ materially from
estimated or anticipated events or results implied or expressed in such forward- looking
statements, including those risk factors outlined in the Company’s Management Discussion and
Analysis as filed on SEDAR+. Any forward-looking statement speaks only as of the date on which
it is made and, except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward -looking statement, whether as a result of new
information, future events or results or otherwise. Forward-looking statements are not guarantees
of future performance and accordingly undue reliance should not be put on such statements due
to the inherent uncertainty thereof.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this
release.