TSX-V: SGN $0.05

News

Show printable version of 'Scorpio Gold Drilling on the Brodie Zone, Mineral ...' in a New Window

News

Oct 18, 2011

Scorpio Gold Drilling on the Brodie Zone, Mineral Ridge Project, Intersects 12.91 g/t Gold over 3.05 metres and Terminates in Mineralization

Vancouver, October 18, 2011 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) announces the initial drill results from the Brodie Zone at the 70% owned Mineral Ridge project, Nevada.

Peter J. Hawley, President and CEO reports, "Our initial drilling on the Brodie Zone, located 975 metres (3,200 feet) southwest of the Drinkwater pit, has intersected mineralization of interest, in particular drill hole MR11210, which terminated in high-grade mineralization. Additional drilling on the Brodie Zone is planned following review and compilation of the latest results together with historical drilling. Meanwhile, the drill has moved to the Wedge Zone for initial drill testing in that area."

Table 1. Brodie Zone - Significant Drill Results

Hole No. From (ft) To (ft) Width (ft) From (m) To (m) Width (m) Gold (OPT) Gold (g/t)
MR11201 25 45 20 7.62 13.72 6.10 0.036 1.01
MR11202 45 50 5 13.72 15.24 1.52 0.024 0.68
  110 115 5 33.54 35.06 1.52 0.113 3.20
MR11203 80 85 5 24.39 25.91 1.52 0.021 0.60
MR11206 105 110 5 32.01 33.54 1.52 0.229 6.49
MR11210 0 5 5 0.00 1.52 1.52 0.016 0.45
  130 140 10 39.63 42.68 3.05 0.456 12.91
MR11211 30 45 15 9.15 13.72 4.57 0.035 1.00
  75 85 10 22.87 25.91 3.05 0.062 1.74
MR11212 65 85 20 19.82 25.91 6.10 0.019 0.53
MR11214 5 20 15 1.52 6.10 4.57 0.038 1.08
MR11215 0 15 15 0.00 4.57 4.57 0.015 0.43
MR11218 30 35 5 9.15 10.67 1.52 0.023 0.65
MR11221 140 145 5 42.68 44.21 1.52 0.027 0.77
MR11227 60 65 5 18.29 19.82 1.52 0.025 0.71
MR11228 35 40 5 10.67 12.20 1.52 0.025 0.71
  60 65 5 18.29 19.82 1.52 0.023 0.65
MR11229 15 20 5 4.57 6.10 1.52 0.030 0.85
  50 65 15 15.24 19.82 4.57 0.078 2.21
MR11230 65 75 10 19.82 22.87 3.05 0.095 2.69
MR11233 20 25 5 6.10 7.62 1.52 0.096 2.72
  80 85 5 24.39 25.91 1.52 0.019 0.54
MR11234 95 100 5 28.96 30.49 1.52 0.02 0.57
MR11236 25 35 10 7.62 10.67 3.05 0.094 2.65
  40 45 5 12.20 13.72 1.52 0.026 0.74
MR11242 5 15 10 1.52 4.57 3.05 0.092 2.61
MR11243 0 5 5 0.00 1.52 1.52 0.031 0.88
  125 140 15 38.11 42.68 4.57 0.014 0.41
MR11244 170 175 5 51.83 53.35 1.52 0.023 0.65

All holes presented in the above tables were completed by reverse circulation (RC) drilling. True width is estimated at ~90% downhole width. Analytical results were performed by American Assay Laboratory Inc. (AAL) in Sparks, Nevada, USA. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation. AAL participates in a number of testing and certification programs, details of which are presented in the Company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project at: View PDF. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited laboratory.

President & CEO, Peter J. Hawley, PGeo, is the Qualified Person for the Mineral Ridge project and has reviewed the content of this release. For additional information please see the Company's website at www.scorpiogold.com.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION


Peter J. Hawley,
President & CEO

For further information contact:
Peter J. Hawley Tel: (819) 825-7618
Email:

Investor Relations:
Torrey Hills Capital
Andrew Hoffman Tel: (858) 456-7300
Email:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

The Company relies on litigation protection for "forward-looking" statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding the Company's plans with respect to the exploration and development of its projects. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis for the year ended December 31, 2010 as filed on SEDAR. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.