Scorpio Gold Corporation ( TSXV: SGN )
Scorpio Gold Intersects 12.54 g/t Gold Over 15.91 Meters at the Solberry Satellite Deposit, Mineral Ridge Project, Nevada
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 8, 2015) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports final results from its 2014 expansion drilling program on the Solberry deposit at the 70% owned Mineral Ridge project, located in Nevada.
The 2014 drilling program was very successful and included both infill and step-out drilling to the modelled pit shell outline for Solberry that was presented in the updated Life of Mine Plan for the Mineral Ridge operation (as reported in the Company's July 21, 2014 news release). Management believes that results from the 2014 program will lead to an upgrade and expansion of the mineral resources currently defined for the Solberry deposit and potentially extend life of mine.
In addition to reverse circulation ("RC") drilling on Solberry, two HQ diameter core holes were collared adjacent to RC hole MR14929 to provide detailed geological data in an area of high-grade mineralization. The results from RC hole MR14929 were previously released on June 16, 2014. Core hole MR14985 was drilled vertically to directly twin MR14929, whereas core hole MR14986 was oriented to the west at a -65 degree dip. A very good correlation of results is noted for the twinned holes as follows:
Table 1. Solberry Deposit -RC Hole MR14929 & Core Hole MR14985
|
Hole No. |
Azm (deg) |
Dip (deg) |
From (ft) |
To (ft) |
Width (ft) |
From (m) |
To (m) |
Width (m) |
Gold (OPT) |
Gold (g/t) |
| MR14929 | 0 | -90 | 45 | 110 | 65 | 13.72 | 33.53 | 19.81 | 0.354 | 12.15 |
| MR14985 | 0 | -90 | 44.9 | 97.1 | 52.2 | 13.69 | 29.60 | 15.91 | 0.366 | 12.54 |
Logging of the core holes has allowed for a better understanding of the lithology and structural geology as well as the styles and controls to mineralization at Mineral Ridge.
