The carbonate replacement deposit was intermittently mined for high-grade silver, gold, lead, zinc and copper sulphides until 1985, when the mine closed leaving faces in massive sulphide.
Bogoso currently has measured and indicated resources of 1.76 million ounces of gold contained within 19.8 million tonnes grading 2.76 grams gold per tonne.
Highlights from the drill program include drill hole 20-255, which intersected 14 metres grading 13.95 grams gold per tonne starting from 301 metres downhole.
The acquisition will give Scorpio control of land around its Goldwedge project, which contains a fully permitted underground mine and 400 ton-per-day mill.