Scorpio Gold releases further drill results from Bluelite

Scorpio Gold Corp. {TSX.V: SGN} has released further drill results from their Bluelite satellite deposit located at Mineral Ridge, Nevada.

As with previous drill results at Bluelite, Scorpio have located good grades at a shallow depth.

 

Scorpio Gold Reports Results from 2015 Expansion Drilling at the Bluelite Satellite Deposit, Mineral Ridge Project, Nevada
Vancouver, September 14, 2015 – Scorpio Gold Corp.({TSX.V: SGN} reports additional results from the 2015 expansion drilling program on the Bluelite satellite deposit at its 70% owned Mineral Ridge project, located in Nevada.

 

The 2015 expansion program at Bluelite has included infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base for the deposit and potentially extend life of mine.

 

All of the holes presented in Table 1 are step-out exploration holes located to the south-southwest and southeast of currently defined resources for the Bluelite deposit. Drilling has now outlined a broad area of mineralisation extending 250 meters to the south-southwest of the Bluelite deposit and 500 meters southeast along the NW Brodie trend.

 

Management believes that results received to date from the 2015 drilling program should positively impact the existing resource base at the Bluelite deposit.

 

Pre-production development work at the Bluelite deposit began in May 2015 with the pre-stripping of waste material. The pit entered production on July 1, 2015 and as of the end of August, 53,086 ore tons at an average grade of 1.82 g/t gold, and 655,921 waste tons have been mined.

 

Highlights from this latest phase of exploration drilling at the Bluelite deposit include:
MR151445: 3.26 g/t gold over 4.57 meters
MR151574: 1.25 g/t gold over 4.57 meters
MR151578: 3.14 g/t gold over 3.05 meters
MR151579: A1.47 g/t gold over 6.10 meters
MR151603: 1.60 g/t gold over 4.57 meters
MR151605: 1.99 g/t gold over 7.62 meters
MR151691: 2.25 g/t gold over 6.10 meters
MR151695: 1.18 g/t gold over 6.10 meters
MR151696: 1.46 g/t gold over 3.05 meters

 

A drill hole location map is available at: DH Plan

Table 1. Bluelite Deposit Target Area – Significant Drill Results

Hole

No.

Azm

(deg)

Dip

(deg)

From

(ft)

To

(ft)

Width

(ft)

From

(m)

To

(m)

Width

(m)

Gold

(OPT)

Gold

(g/t)

MR14105

0

-90

No Significant Results

MR151445

0

-90

315

330

15

96.01

100.58

4.57

0.095

3.26

385

395

10

117.35

120.40

3.05

0.038

1.30

MR151571

0

-90

70

75

5

21.34

22.86

1.52

0.019

0.65

135

140

5

41.15

42.67

1.52

0.044

1.51

415

420

5

126.49

128.02

1.52

0.028

0.96

MR151572

0

-70

175

180

5

53.34

54.86

1.52

0.015

0.51

MR151573

0

-90

270

275

5

82.30

83.82

1.52

0.029

0.99

295

300

5

89.92

91.44

1.52

0.053

1.82

330

340

10

100.58

103.63

3.05

0.018

0.60

MR151574

0

-90

105

110

5

32.00

33.53

1.52

0.072

2.47

125

135

10

38.10

41.15

3.05

0.041

1.39

180

195

15

54.86

59.44

4.57

0.036

1.25

230

240

10

70.10

73.15

3.05

0.022

0.75

250

260

10

76.20

79.25

3.05

0.028

0.96

MR151575

0

-90

75

80

5

22.86

24.38

1.52

0.033

1.13

95

100

5

28.96

30.48

1.52

0.058

1.99

195

215

20

59.44

65.53

6.10

0.026

0.90

MR151576

0

-90

80

90

10

24.38

27.43

3.05

0.035

1.18

445

450

5

135.64

137.16

1.52

0.045

1.54

MR151577

0

-90

190

200

10

57.91

60.96

3.05

0.030

1.01

405

410

5

123.44

124.97

1.52

0.017

0.58

MR151578

45

-45

70

80

10

21.34

24.38

3.05

0.092

3.14

MR151579

0

-90

110

115

5

33.53

35.05

1.52

0.029

0.99

245

265

20

74.68

80.77

6.10

0.043

1.47

310

315

5

94.49

96.01

1.52

0.026

0.89

340

360

20

103.63

109.73

6.10

0.033

1.13

395

400

5

120.40

121.92

1.52

0.083

2.85

455

460

5

138.68

140.21

1.52

0.016

0.55

MR151580

0

-90

280

285

5

85.34

86.87

1.52

0.011

0.38

MR151601

0

-90

115

120

5

35.05

36.58

1.52

0.026

0.89

290

295

5

88.39

89.92

1.52

0.090

3.09

385

410

25

117.35

124.97

7.62

0.026

0.88

440

445

5

134.11

135.64

1.52

0.020

0.69

460

465

5

140.21

141.73

1.52

0.019

0.65

475

480

5

144.78

146.30

1.52

0.023

0.79

490

495

5

149.35

150.88

1.52

0.056

1.92

MR151602

0

-90

210

225

15

64.01

68.58

4.57

0.016

0.54

250

255

5

76.20

77.72

1.52

0.027

0.93

385

405

20

117.35

123.44

6.10

0.019

0.66

MR151603

0

-90

410

425

15

124.97

129.54

4.57

0.047

1.60

MR151604

0

-90

400

410

10

121.92

124.97

3.05

0.023

0.79

425

430

5

129.54

131.06

1.52

0.032

1.10

MR151605

0

-90

245

250

5

74.68

76.20

1.52

0.023

0.77

270

275

5

82.30

83.82

1.52

0.020

0.67

345

350

5

105.16

106.68

1.52

0.027

0.93

385

410

25

117.35

124.97

7.62

0.058

1.99

MR151606

0

-90

490

495

5

149.35

150.88

1.52

0.038

1.30

MR151607

0

-90

285

290

5

86.87

88.39

1.52

0.021

0.72

295

300

5

89.92

91.44

1.52

0.018

0.62

330

340

10

100.58

103.63

3.05

0.025

0.84

MR151608

0

-90

355

360

5

108.20

109.73

1.52

0.017

0.58

MR151609

0

-90

385

390

5

117.35

118.87

1.52

0.015

0.51

455

460

5

138.68

140.21

1.52

0.025

0.86

MR151610

270

-65

320

325

5

97.54

99.06

1.52

0.011

0.38

MR151611

0

-90

No Significant Results

MR151612

270

-65

250

260

10

76.20

79.25

3.05

0.034

1.15

MR151613

270

-55

75

80

5

22.86

24.38

1.52

0.018

0.62

145

150

5

44.20

45.72

1.52

0.019

0.65

MR151614-17

270

-50

No Significant Results

MR151618

270

-50

120

130

10

36.58

39.62

3.05

0.026

0.87

MR151619

270

-65

No Significant Results

MR151620

270

-50

225

230

5

68.58

70.10

1.52

0.022

0.75

MR151641

270

-65

No Significant Results

MR151642

270

-50

135

140

5

41.15

42.67

1.52

0.019

0.65

MR151643-45

270

-65

No Significant Results

MR151691

0

-90

45

65

20

13.72

19.81

6.10

0.066

2.25

215

220

5

65.53

67.06

1.52

0.042

1.44

MR151692

0

-90

135

180

45

41.15

54.86

13.72

0.017

0.60

210

220

10

64.01

67.06

3.05

0.038

1.29

235

240

5

71.63

73.15

1.52

0.039

1.34

MR151693

0

-90

30

35

5

9.14

10.67

1.52

0.013

0.45

MR151694

0

-90

130

150

20

39.62

45.72

6.10

0.022

0.75

175

180

5

53.34

54.86

1.52

0.016

0.55

200

230

30

60.96

70.10

9.14

0.020

0.68

MR151695

0

-90

135

140

5

41.15

42.67

1.52

0.015

0.51

160

180

20

48.77

54.86

6.10

0.035

1.18

MR151696

0

-90

135

145

10

41.15

44.20

3.05

0.043

1.46

185

190

5

56.39

57.91

1.52

0.032

1.10

 

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 80-100% of downhole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility.

 

Further details are presented in the Company’s quality assurance and quality control program for the Mineral Ridge project available at: MR QAQC.

 

About Scorpio Gold

 

Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%). Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis for the near-term and can be restarted immediately when needed.

 

Scorpio Gold’s President & CEO, Peter J. Hawley, PGeo,, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this release.

 

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley, CEO
Tel: +1 819 825 7618
Email: phawley@scorpiogold.com

Investor Relations:
Jim Macdonald, Torrey Hills Capital
Tel: (858) 456-7300
Email: jm@sdthc.com

Website: www.scorpiogold.com