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Scorpio Gold Corp.
Summary
| Project: | Mineral Ridge | |
|---|---|---|
| Deposit: | Leach Pad | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 7/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-7-2017: Scorpio Gold Corp. announces a Resource Estimation report for its Leach Pad deposit at the Mineral Ridge project. Updated mineral resource estimate for Heap Leach Pad at Mineral ridge. Vancouver, July 12, 2017 - Scorpio Gold Corporation (“Scorp | |
| Resources: | (Resource, M+I): 7.115Mt @ 0.017oz/t Au, 0.017oz/t Ag at Mineral Ridge Heap Leach pad | |
| CP/QP: | [Resources]: Todd Wakefield, Ian Crundwell, Mike Drozd (Mine Technical Services Ltd.) | |
| ABSTRACT: | Vancouver, July 12, 2017 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) is pleased to announce the Mineral Ridge Heap Leach resource estimate by Mine Technical Services (MTS) of Reno, Nevada. The confirmed resource estimate of 7.1 MT at an average grade of 0.017 oz./ton or 121,700 contained ounces of gold in the Measured & Indicated category provides the basis for conducting a feasibility study for milling of the material and additionally confirms reconciliation of tonnage, grade and contained ounces placed by the Company and its predecessors since operations commenced. Details of the resource estimate are available in the MTS Resource Report. Brian Lock, interim CEO comments, “This positive resource estimate provides Scorpio Gold with the necessary information to proceed with a feasibility study for constructing a milling facility at Mineral Ridge. We look forward to its completion, which should provide the basis for unlocking untapped value through exploration and development and benefitting our shareholders for many years to come.” | |
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