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Scorpio Gold Corp.
Summary
| Project: | Mineral Ridge | |
|---|---|---|
| Deposit: | NW Brodie | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/27/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-6-2016: Scorpio Gold Corp. announces an Exploration/Drilling Update report for its NW Brodie deposit at the Mineral Ridge project. Drilling results incl. 3.05m @ 3.53g/t Au from 33.53m. Vancouver, June 27, 2016 - Scorpio Gold Corporation (“Scorpio Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter J. Hawley (Internal) | |
| ABSTRACT: | Vancouver, June 27, 2016 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) reports final results from 2016 exploration drilling on the NW Brodie trend at its 70% owned Mineral Ridge project, located in Nevada. The NW Brodie trend extends over a 500 meter strike length between the Brodie and Bluelite deposits. Exploration drilling in 2014-2015 on the NW Brodie trend was based on a geological model of shallow dipping, multiple stacked veins, which is consistent with mineralization in the Bluelite and Brodie deposits. Inconsistencies in the drilling results prompted a detailed examination of the data and an oriented core drilling program. An updated geological model was completed in 2016. The mineralization within the NW Brodie trend is now interpreted as a corridor of multiple tensional quartz veins with an average strike and dip of 255°/-60°. Due to the more steeply dipping nature of the mineralization, prior drilling with vertically oriented RC holes intersected the mineralization at acute angles, resulting in thicker intersections than true widths. Based on depths to mineralization and current gold prices, the NW Brodie area is not considered economic at this time and no further work is currently planned in the area. | |
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