Mr. Peter Hawley reports
SCORPIO GOLD INTERSECTS 9.21 G/T OVER 9.14 METERS AT THE MARY LC ZONE, MINERAL RIDGE PROJECT, NEVADA
Scorpio Gold Corp. has released final assay results from its 2013 drill program in the vicinity of the planned Mary LC pit expansion at the 70-per-cent-owned Mineral Ridge project, located in Nevada. The Mary LC lies immediately southeast of the currently active Mary pit.
Final results from the 2013 drilling complete a highly successful program that was designed to test areas previously accorded zero grade in the wire frame resource block model and tighten up drill hole spacing for resource estimation. Completion of a new reserve estimate and life-of-mine assessment, which will incorporate the Drinkwater, Mary and Mary LC, is expected in first quarter 2014.
As previously reported, Scorpio Gold received approval from the Nevada Bureau of Land Management for its amended plan of operations, allowing the company to proceed with the planned expansion of the Mary pit to incorporate the Mary LC zone. The new Mary/LC pit will have dimensions far exceeding the currently operating Drinkwater pit.
Highlights from the final results of the 2013 drilling program on the Mary LC include:
-
MR13626: 3.57 grams per tonne (g/t) gold over 6.10 metres;
- MR13632: 9.21 g/t gold over 9.14 metres;
- MR13647: 2.99 g/t gold over 6.10 metres.
MARY LC -- SIGNIFICANT DRILL RESULTS
Hole From To Width From To Width Gold Gold
No. (ft) (ft) (ft) (m) (m) (m) (oz/t) (g/t)
MR13629 160 180 20 48.77 54.86 6.10 0.104 3.57
MR13630 160 165 5 48.77 50.29 1.52 0.014 0.48
185 215 35 56.39 65.53 9.14 0.019 0.66
MR13631 180 190 10 54.86 57.91 3.05 0.026 0.89
MR13632 190 220 30 57.91 67.06 9.14 0.269 9.21
325 330 5 99.06 100.58 1.52 0.013 0.45
MR13633 185 205 20 56.39 62.48 6.10 0.031 1.07
MR13634 215 225 10 65.53 68.58 3.05 0.102 3.48
MR13635 215 220 5 65.53 67.06 1.52 0.058 1.99
MR13636 200 210 10 60.96 64.01 3.05 0.048 1.65
MR13637 195 200 5 59.44 60.96 1.52 0.099 3.39
220 225 5 67.06 68.58 1.52 0.020 0.69
MR13638 210 225 15 64.01 68.58 4.57 0.056 1.91
MR13639 No significant results
MR13640 115 120 5 35.05 36.58 1.52 0.013 0.45
190 200 10 57.91 60.96 3.05 0.027 0.91
MR13641 0 10 10 0.00 3.05 3.05 0.015 0.50
180 185 5 54.86 56.39 1.52 0.018 0.62
215 220 5 65.53 67.06 1.52 0.045 1.54
MR13642 0 10 10 0.00 3.05 3.05 0.014 0.46
140 145 5 42.67 44.20 1.52 0.014 0.48
160 170 10 48.77 51.82 3.05 0.095 3.26
MR13643 235 245 10 71.63 74.68 3.05 0.011 0.36
MR13644 245 255 10 74.68 77.72 3.05 0.029 0.99
290 300 10 88.39 91.44 3.05 0.039 1.32
MR13645 No significant results
MR13646 No significant results
MR13647 0 20 20 0.00 6.10 6.10 0.041 1.40
155 175 20 47.24 53.34 6.10 0.087 2.99
MR13648 190 195 5 57.91 59.44 1.52 0.019 0.65
MR13649 305 325 20 92.96 99.06 6.10 0.053 1.80
425 465 40 129.54 141.73 12.19 0.021 0.73
485 490 5 147.83 149.35 1.52 0.012 0.41
All holes presented in the associated table were completed by reverse circulation (RC) drilling. True width is estimated at 80 to 100 per cent of downhole width. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nev., an ISO/IEC 17025:2005-accredited facility. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000-certified and ISO/IEC 17025:2005-accredited facility. Further details are presented in the company's quality assurance and quality control program for the Mineral Ridge project at the company's website.
We seek Safe Harbor.
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