Scorpio Gold report good drill results from a new potential resource area at Mineral Ridge, Nevada.

Management of Scorpio Gold Corp. {TSX.V: SGN} reported new drilling results in a new area of exploration, the Brodie Satellite Deposit at their Missouri Claim, at Mineral Ridge (70%) that show the potential to possibly expand the LOM.

These promising drill results, located outside the existing defined resource area and pit outlines is a continuation of their run of good news releases during the last few months.

Management believe that these results suggest the potential to build a resource in the Missouri claim area

Vancouver, September 8, 2014 – Scorpio Gold Corp. {TSX-V: SGN} reports additional results from its 2014 satellite deposit drilling program at the 70% owned Mineral Ridge project, located in Nevada. The Brodie deposit lies southwest of the currently producing Drinkwater and Mary pits and is immediately adjacent to the leach pad.

On July 21, 2014, the Company reported an updated Life of Mine Plan (“LOM”) for the Mineral Ridge Operation, which includes the currently producing Drinkwater and Mary/LC pits and five adjacent satellite deposits, including the Brodie deposit. The cut-off date for the LOM was March 31, 2014. Continued drilling since the March 31, 2014 cut-off date is designed to potentially upgrade and increase the reported mineral reserve and resource estimate and potentially extend life of mine.

Drill holes presented in Table 1 were drilled within the Missouri claim area, which lies mid-way between the Bluelite and Brodie deposits along the semi-continuous northwest trending mineralized corridor. This area lies well outside of currently defined resources and modelled pit outlines. The Company’s management believes that the drilling results to date are very promising and could potentially allow for building a resource in this area.

Highlights from this latest phase of RC drilling on the Brodie deposit and Missouri area include:

  • MR14835: 4.70 grams per tonne (“g/t”) gold over 7.62 meters
  • MR14947: 2.38 g/t gold over 6.10 meters
  • MR14948: 1.24 g/t gold over 9.14 meters
  • MR14954: 1.11 g/t gold over 15.24 meters
  • MR14956: 2.49 g/t gold over 4.57 meters

A drill hole location map is available at: View Drill Plan

scorpio sep

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 at: View PDF.

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%), and Scorpio Gold is currently entitled to receive 80% of cash flow generated. 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 and processing facility in Manhattan, Nevada. The Company is assessing its exploration plans for the Goldwedge property as well as the potential for toll milling at the Goldwedge plant, which is currently permitted for 400 tons per day.

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


Peter J. Hawley,