Scorpio Gold report further expansion drill results from Brodie

Scorpio Gold {TSX.V: SGN} has released further results from their Brodie Satellite deposit at Mineral Ridge, Nevada, USA.

Highlight is hole MR151658, with 12.55 g/t gold over 3.05 meters.

Comment

Further good results at Brodie,and the 12.55 Grams per ton at over three metres speaks for itself.

Scorpio keep the good news coming but the shareprice fails to respond, even though they are in production and making a modest profit, which finances further exploration.

The limited LOM is the obvious possible reason, but they always manage to replace what they mine each year, so provided that continues it may become less of a drag on the SP moving forwards.

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Scorpio Gold Reports Results from 2015 Expansion Drilling at the Brodie Satellite Deposit, Mineral Ridge Project, Nevada.

 

Vancouver, September 21, 2015 – Scorpio Gold Corp. {TSX.V: SGN} reports additional results from the 2015 expansion drilling in the Brodie deposit target area at its 70% owned Mineral Ridge project, located in Nevada.

The 2015 expansion program at Mineral Ridge includes infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base and potentially extend life of mine.

Twelve of the 15 holes  were drilled within or adjacent to the 2014 floated cone pit outlines for the Brodie deposit. Two holes, MR151656 and 660 were collared 150 meters west of the pit outlines in the vicinity of a mag tilt high, where previous drilling intersected significant grades at approximately 60 meters vertical depth. MR151670 was an exploration hole collared approximately 150 meters west of the Brodie deposit Management believes that results received from the expansion drilling program should positively impact the existing resource base at the Brodie deposit.

Highlights from this phase of expansion drilling on the Brodie deposit include:

  • MR151621: 3.61 grams per tonne (“g/t”) gold over 1.52 meters
  • MR151629: 5.86 g/t gold over 1.52 meters
  • MR151630: 1.59 g/t gold over 3.05 meters
  • MR151654: 1.36 g/t gold over 7.62 meters
  • MR151655: 4.09 g/t gold over 4. 57 meters
  • MR151657: 2.51 g/t gold over 4. 57 meters
  • MR151658: 12.55 g/t gold over 3.05 meters

 

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
+1 819 825 7618
phawley@scorpiogold.com