Scorpio Gold Reports 16% Increase in Gold, 23% Increase in Silver Production at Mineral Ridge for Q1

Scorpio Gold (TSXV:SGN) reported a new quarterly production record at Mineral Ridge: gold production in Q1 2015 was 11,952 ounces – a 16% increase compared to Q1 2014. Silver production was up by 23% over Q1 2014 at 6,319 ounces, also a new record for Mineral Ridge.

As quoted in the press release:

Gold production in Q1 2015 totalled 11,952 ounces, representing a 16% increase over Q1 2014 and a new quarterly production record for the Mineral Ridge operation. Silver production totalled 6,319 ounces, representing a 23% increase over Q1 2014 and also a record high for Mineral Ridge.

… Production in 2015 is scheduled from the Mary and Mary LC pits, and from the Wedge, Bluelite, Solberry and Brodie satellite pits. Mining at the Bluelite and Solberry pits is scheduled to commence in Q2 2015. The Bluelite and Solberry deposits have not been subject to any prior mining campaigns, hence their high-grade core zones are preserved and expected to positively impact the grade of ore being processed at both the Mineral Ridge and Goldwedge mill facility.

Scorpio Gold CEO, Peter Hawley, said:

We are very pleased to report a new quarterly production record at Mineral Ridge. While we are currently cycling through lower grade material in the Mary pit, our gold production continues to be aided by the drawdown of ounces from the leach pad inventory and by ongoing efforts to re-slope the periphery of the leach pad to bring previously un-leached material under leach. This is a strong start to the year and puts Scorpio Gold in a very good position to meet our 2015 production forecast of 40,000 to 45,000 ounces of gold.

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