Altus Gold Corp.
Symbol:
Private
Market Cap:
Private
Sector:
Resource
Summary:
– Altus Gold is building a near-term producer in the worlds number one mining jurisdiction, Nevada. – Altus has executed an LOI with Scorpio Gold (TSVX: SGN), where Scorpio Gold will acquire Altus Gold via reviewable transaction. – Several synergies exist between the two companies, including Scorpio’s considerable infrastructure, established resources, including ~500k oz Au P&P at Mineral Ridge, and extensive exploration potential with a projected 1m oz Au high-grade deposit at the company’s Manhattan Wedge project, where over 100,000m of drilling has been done in over 1,200 holes.