Resource News

Scorpio Gold Corp. (TSXV:SGN) announced that mineral resource estimates were prepared for four of the five satellite deposits at its 70-percent-owned Mineral Ridge project, based in Nevada, using drilling data available up to June 1, 2013.

Scorpio Gold Corp. (TSXV:SGN) announced that mineral resource estimates were prepared for four of the five satellite deposits at its 70-percent-owned Mineral Ridge project, based in Nevada, using drilling data available up to June 1, 2013.

Here is the inferred mineral resource estimate for the satellite deposits:

Mineral Resource Summary Within Floating Cone Pit Shells
All Material Classified as Inferred
DepositTons x1000Fill
Tons x1000
Waste
Tons x1000
Waste to
Ore Ratio
Average Au
Grade (opt)
Contained
Gold Ounces
x1000
Bluelite19328414.40.07915.2
Brodie158991,1077.00.08313.1
Solberry340932.70.0612.1
Wedge1284082181.70.0769.7
Total5135092,2594.40.07840.2

Peter J. Hawley, CEO of Scorpio, commented:

The Telesto report gives us a strong basis to move forward with a conceptual development and mine plan for the satellite deposits and a clear outline of where additional in-fill and step out drilling could allow for both upgrading and significant increases in the resource. Drilling has already commenced in the Brodie and Bluelite areas and is meeting with success, and we are mobilizing a second rig to the property in September 2013 that will be dedicated to the satellite deposits. In addition, there is no shortage of high priority exploration targets on the property that remain to be tested.

Click here to read the full Scorpio Gold Corp. (TSXV:SGN) press release.

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