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Scorpio Gold Corp.
Summary
| Project: | Goldwedge | |
|---|---|---|
| Deposit: | Goldwedge | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/27/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-7-2017: Scorpio Gold Corp. announces an Exploration/Drilling Update report for its Goldwedge deposit at the Goldwedge project. Drilling results incl. 4.57m @ 11.14g/t Au 80.77m. Vancouver, July 27, 2017 - Scorpio Gold Corporation (“Scorpio Gold” or the | |
| Resources: | (historic estimate only) | |
| CP/QP: | [Overall Report]: Peter J. Hawley (Internal) | |
| ABSTRACT: | Vancouver, July 27, 2017 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) is pleased to report final results from its 2017 Phase I exploration drilling program at the Goldwedge project, located in Manhattan Nevada. The drill program was designed to target the extension of the favorable lithologic unit in the Goldwedge Mine, specifically the Zanzibar limestone bound within the Reliance Fault Zone. This zone plunges northward into the Manhattan caldera margin. Seven RC holes totaling 7,530 ft (2,295 m) were drilled from 5 pad locations. Significant mineralization was encountered in 3 of the holes (GW17024, GW17026 and GW17029) that intercepted the targeted Zanzibar limestone within the Reliance Fault Zone. GW17029 targeted an area near elevated underground rib samples west of the Reliance Fault Zone, and intersected significant mineralization within 65 feet of the mineralized rib and above the lowest working underground level. Three of the 7 holes (GW17027, GW17028, and GW17030) deviated and stayed in the Tertiary volcanic rock and did not drill the intended target. A fourth hole (GW17025) was drilled to intercept the Zanzibar limestone outside of the Reliance Fault Zone. No significant mineralization was encountered in these four holes | |
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