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Drill results at Mineral Ridge play hint at new resource

4th February 2015

By: Natalie Greve

Creamer Media Contributing Editor Online

  

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JOHANNESBURG (miningweekly.com) – A 2014 expansion drilling programme at
Scorpio Gold Corporation’s 70%-owned Mineral Ridge project, in Nevada, is likely to result in the upgrade and expansion of the project’s mineral resources and potentially allow for the building of a new resource in the area of mineralisation that extends to the south, the group said this week.

The Toronto-listed company noted in a statement that, in addition to expanding the margins of the currently modelled pit shell outline for the project’s Bluelite deposit, step-out drilling tested an up to 100-m-wide area of mineralisation that trended south from the deposit.

Results from the drilling programme on the deposit included 5.8 g/t of gold over 3.66 m, 2.19 g/t of gold over 4.57 m and 7.7 g/t of gold over 3.05 m.

This previously undrilled area lay “well outside” of currently defined resources and would be the focus of further drilling in 2015.

“These final results cap a very successful programme of expansion drilling on the Bluelite deposit, which included both infill and step-out drilling to expand and upgrade the current mineral reserve and resource estimate for the deposit, and potentially extend life-of-mine,” Scorpio stated.

Mineral Ridge was a conventional openpit mining and heap leach operation and was host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages.

Edited by Tracy Klückow
Creamer Media Contributing Editor

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