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Scorpio Gold Corp.
Summary
| Project: | Mineral Ridge | |
|---|---|---|
| Deposit: | Heap Leach | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-10-2017: Scorpio Gold Corp. announces a Feasibility Study report for its Heap Leach deposit at the Mineral Ridge project. JV with Elevon LLC - Feasibility study provides mineral ridge with five years additional LOM. Vancouver, October 10, 2017 - Scorpi | |
| Resources: | (Reserve, P+P): 6.855kt @ 0.017opt Au, 0.017opt Ag at Mineral Ridge | |
| CP/QP: | [Overall Report]: Todd Wakefield, Gordon Cooper (Mine Technical Service Ltd.;Novus Engineering Inc.) | |
| ABSTRACT: | Vancouver, October 10, 2017 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX V:SGN) is pleased to announce the results of a positive feasibility study (“the Project”) to reprocess the heap leach residual material at its Mineral Ridge property, located in Esmeralda County, Nevada. Scorpio Gold holds a 70% interest in the project with joint venture partner Elevon, LLC (30%). Brian Lock, Interim CEO comments, “I would first like to take this opportunity to thank Novus Engineering Inc. (“Novus”), Mine Technical Services (“MTS”), NewFields and our Scorpio Gold employees for their dedicated effort in completing this study. The combined effort of all parties involved produced a very thorough study of our Mineral Ridge heap leach resource and proposed milling facility. This economically positive study provides the foundation for recovering a substantial portion of the 122,000 ounces of gold resources contained on the heap leach pad. This project, when completed, will provide Mineral Ridge with five years of additional of mine life. Additionally, due to higher expected recovery rates provided by the new milling circuit, the Company is proceeding with a third-party analysis of its other known mineral resources. When complete, and if determined economically viable, this study should add additional reserves and further extend the Mineral Ridge life of mine. Further exploration at Mineral Ridge may also add additional resources.” | |
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