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Scorpio Gold Corp.
Summary
| Project: | Goldwedge | |
|---|---|---|
| Deposit: | Keystone-Jumbo | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 12/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-12-2019: Scorpio Gold Corp. announces an Exploration/Drilling Update report for its Keystone-Jumbo deposit at the Goldwedge project. Drilling results incl. 14.63m @ 45.64g/t Ag, 2.18g/t Au from 4.57m. Vancouver, December 6, 2019 – Scorpio Gold Corporati | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter J. Hawley (Internal) | |
| ABSTRACT: | Vancouver, December 6, 2019 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) announces results of its first phase of drilling at its 100% owned Goldwedge property located in Manhattan Nevada. Nine exploration holes totalling 628 meters were drilled to test an area of previously reported surface soil sampling anomalies as well as structures relating to historic mineralization within the Keystone-Jumbo claim block (December 15, 2016 news release). Scorpio Gold’s President, Chris Zerga, comments, “Our first phase of drilling at Keystone-Jumbo was a relatively short exploratory program. It met with some technical difficulties but has provided valuable information to build our understanding of the controls to mineralization in the area. Following a complete examination of the data we will be planning a follow-up program.” Known mineralization within the Keystone and Jumbo deposits is controlled by high-angle N30W faults transected by a weaker N30E and N80E structures. The gold itself is localized within silicified polylithic fault breccias and silicified metasediments as well as oxidized quartz-pyrite-gold veinlet stockworks surrounding the core of the known mineralization. Drill hole KP19-DDH-01 was collared within the Keystone pit to test the intersection of two high-angle NW and NE trending faults. The hole intersected mineralized polymictic breccia for its entire 19.2 meter length and returned 2.18 g/t Au over 14.63 meters (open). The hole was terminated in mineralization due to failure of the drill rig head assembly. | |
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