Scorpio Gold Corporation (TSX.V: SGN) ("Scorpio Gold" or the "Company") reports results from the 2016 delineation drilling program in the Bunkhouse Hill area of the Mary LC pit at its 70% owned Mineral Ridge project, located in Nevada.
The Bunkhouse Hill area extends northeast of the Mary LC pit. Drilling in 2015 intersected significant mineralization extending 250 meters northeast of the Mary LC pit at vertical depths of 50 to 150 meters (see June 29, 2015 news release). Fifteen RC holes were drilled in 2016 to further test and delineate the economics for extending the Mary LC pit into this area.
Geologically, the Bunkhouse Hill target is the immediate down-dip extension of the mineralization present in the Mary LC pit. The mineralization at Bunkhouse dips at 39° NE vs. the more typical 25-30° NE dip of the Mary LC mineralization. This dip change is spatially related to a change in geology, whereby the mineralized zone transitions from being hosted in felsic intrusive rocks to sedimentary rocks of the Wyman formation. Mapping work has shown how important this rheological contrast is in the formation of ore zones. The Bunkhouse target is currently defined over a ~150 x 450 meter area and mineralization remains open down dip to the northeast. Additional drilling is slated for 2017.
Highlights from 2016 RC drilling in the Bunkhouse Hill area include:
- MR162080: 5.15 grams per tonne ("g/t") gold over 5.98 meters true width
- MR162081: 9.64 g/t gold over 6.86 meters
- MR162088: 4.30 g/t gold over 5.61 meters
- MR162096: 4.53 g/t gold over 4.27 meters
- MR162100: 5.13 g/t gold over 6.72 meters
Drill hole location plan
Drill hole trace plan with gold projected vertically
Cross Section Center
Cross Section +150 ft
Cross Section -150 ft
Table 1. Bunkhouse Hill Target Area - Significant Drill Results
| Hole No. |
Azm (deg.) |
Dip (deg.) |
From (ft) |
To (ft) |
TW (ft) |
From (m) |
To (m) |
TW (m) |
Gold (OPT) |
Gold (g/t) |
|
| MR162079 | 223 | -74 | 140 | 145 | 4.6 | 42.67 | 44.20 | 1.38 | 0.012 | 0.41 | |
| MR162080 | 205 | -48 | 175 | 195 | 19.6 | 53.34 | 59.44 | 5.98 | 0.150 | 5.15 | |
| MR162081 | 227 | -76 | 235 | 260 | 22.5 | 71.63 | 79.25 | 6.86 | 0.281 | 9.64 | |
| incl | 235 | 240 | 4.5 | 71.63 | 73.15 | 1.37 | 1.178 | 40.39 | |||
| MR162082 | 229 | -68 | 120 | 125 | 4.8 | 36.58 | 38.10 | 1.44 | 0.023 | 0.79 | |
| 160 | 170 | 9.4 | 48.77 | 51.82 | 2.87 | 0.049 | 1.66 | ||||
| MR162083 | 74 | -69 | 380 | 390 | 6.0 | 115.82 | 118.87 | 1.83 | 0.033 | 1.13 | |
| MR162088 | 255 | -68 | 225 | 245 | 18.4 | 68.58 | 74.68 | 5.61 | 0.126 | 4.30 | |
| 265 | 275 | 9.1 | 80.77 | 83.82 | 2.78 | 0.136 | 4.65 | ||||
| 445 | 450 | 4.5 | 135.64 | 137.16 | 1.35 | 0.019 | 0.65 | ||||
| MR162089 | 335 | -73 | 265 | 305 | 28.8 | 80.77 | 92.96 | 8.78 | 0.018 | 0.63 | |
| 335 | 340 | 3.7 | 102.11 | 103.63 | 1.11 | 0.162 | 5.55 | ||||
| MR162090 | 38 | -70 | 315 | 320 | 3.0 | 96.01 | 97.54 | 0.90 | 0.015 | 0.51 | |
| 365 | 375 | 6.1 | 111.25 | 114.30 | 1.86 | 0.02 | 0.62 | ||||
| 395 | 415 | 12.2 | 120.40 | 126.49 | 3.72 | 0.101 | 3.47 | ||||
| 425 | 435 | 6.2 | 129.54 | 132.59 | 1.89 | 0.031 | 1.06 | ||||
| MR162094 | 144 | -90 | 295 | 300 | 3.9 | 89.92 | 91.44 | 1.17 | 0.049 | 1.68 | |
| MR162096 | 323 | -61 | 285 | 290 | 3.5 | 86.87 | 88.39 | 1.06 | 0.035 | 1.20 | |
| 300 | 320 | 14.0 | 91.44 | 97.54 | 4.27 | 0.132 | 4.53 | ||||
| incl | 305 | 310 | 3.5 | 92.96 | 94.49 | 1.06 | 0.453 | 15.53 | |||
| 400 | 445 | 32.0 | 121.92 | 135.64 | 9.74 | 0.128 | 4.38 | ||||
| incl | 405 | 410 | 3.5 | 123.44 | 124.97 | 1.06 | 0.757 | 25.95 | |||
| MR162097 | 194 | -51 | 240 | 245 | 4.7 | 73.15 | 74.68 | 1.41 | 0.129 | 4.42 | |
| MR162100 | 106 | -62 | 390 | 425 | 22.1 | 118.87 | 129.54 | 6.72 | 0.150 | 5.13 | |
| MR162103 | 138 | -70 | 255 | 260 | 3.7 | 77.72 | 79.25 | 1.12 | 0.020 | 0.69 | |
| 275 | 300 | 18.8 | 83.82 | 91.44 | 5.72 | 0.033 | 1.15 | ||||
| MR162105 | 210 | -58 | 0 | 5 | 4.9 | 0.00 | 1.52 | 1.49 | 0.017 | 0.58 | |
| 20 | 30 | 9.8 | 6.10 | 9.14 | 2.99 | 0.015 | 0.51 | ||||
| 135 | 140 | 4.9 | 41.15 | 42.67 | 1.49 | 0.023 | 0.79 | ||||
| 160 | 165 | 4.9 | 48.77 | 50.29 | 1.49 | 0.047 | 1.61 | ||||
| 190 | 205 | 14.7 | 57.91 | 62.48 | 4.48 | 0.040 | 1.37 | ||||
| 250 | 255 | 4.9 | 76.20 | 77.72 | 1.49 | 0.027 | 0.93 | ||||
| MR162106 | 191 | -50 | 5 | 10 | 4.6 | 1.52 | 3.05 | 1.40 | 0.019 | 0.65 | |
| 220 | 230 | 9.2 | 67.06 | 70.10 | 2.81 | 0.043 | 1.47 | ||||
All holes presented in Table 1 were completed by reverse circulation (RC) drilling. Estimates of true width ("TW") range from 59% to 98% of actual downhole width. Scorpio Gold utilizes the analytical services of ALS Minerals (Reno, Nevada), an ISO/IEC 17025:2005 (CAN-P-4E, CAN-P-1579) accredited testing laboratory, and Bureau Veritas (Reno, Nevada), an ISO 9001 certified testing laboratory that operates in compliance with ISO/IEC 17025:2005 standards. External check assays to verify lab accuracy are routinely completed. Further details are presented in the Company's quality assurance and quality control program for the Mineral Ridge project, available at: MR QAQC.
About Scorpio Gold
Scorpio Gold holds a 70% interest in the producing Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis and can be restarted immediately when needed.
Source: Scorpio Gold
