Scorpio Gold Corporation (TSXV:SGN) reported additional results from its 2014 satellite deposit drilling at its 70 percent owned Mineral Ridge project in Nevada. The Brodie deposit is located southwest of Scorpio’s currently producing Drinkwater and Mary/LC pits.
As quoted in the press release:
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. Drilling on the Brodie deposit continues to meet with success, returning significant intercepts both within and extending outside of the pit shell outlines modelled in the updated LOM.
There Is No Guide to Gold That is More Concise, Clear and Authoritative.Download our FREE Special Report, Is Gold a Good Investment? Gold Price Forecast 2015 .