Scorpio Gold Provides Mineral Resource Estimates for Mineral Ridge Satellites

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
Deposit	Tons x1000	Fill Tons x1000	Waste Tons x1000	Waste to Ore Ratio	Average Au Grade (opt)	Contained Gold Ounces x1000
Bluelite	193	2	841	4.4	0.079	15.2
Brodie	158	99	1,107	7.0	0.083	13.1
Solberry	34	0	93	2.7	0.061	2.1
Wedge	128	408	218	1.7	0.076	9.7
Total	513	509	2,259	4.4	0.078	40.2

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.