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Scorpio Gold Confirms Northward Continuity of Near-Surface Mineralization in Ongoing Underground Drilling at Goldwedge, Nevada
VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV: SGN) is pleased to announce re
About this update from Scorpio Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) -- Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV: SGN) is pleased to announce results from 5 holes drilled to test the northwestern extension of mineralization at the 100% owned Goldwedge property, located in Nevada. The current program is focused on defining the on-strike and down-dip continuity of mineralization intersected in the 2020 drilling program (July 27, 2020 news release) as well as testing new areas with the potential to define a mineral resource base. As previously reported, drilling has already confirmed the southward extension of mineralization within sheared, metamorphosed, interbedded limestones and argillites with quartz, and calcite veining. Drill hole GWUG21-006 was included in this previous reporting with assay results reported by Scorpio Gold’s in-house analytical laboratory (see April 13, 2021 news release). Certified results for hole 006 by American Assay Laboratory are included in Table 1 and compare well with the Company’s in-house analyses. Drilling completed to date at the northwestern extension also indicates on-strike continuity of mineralization in two separate shear zones (Figures 1 and 2). Significant results include 9.88 g/t Au over 0.5m in hole GWUG21-008, 4.31 g/t Au over 2.9m in hole GWUG21-010 and multiple intersections in hole GWUG21-011 including 5.93 g/t Au over 4.0m, 10.36 g/t over 0.6m and 14.72 g/t over 0.5m (Table 1). Current results from the 2021 program have confirmed continuous mineralization in this particular area over an approximate horizontal length of 30m with an average thickness of ~7m along the strike direction of the shear zones, further confirming the trend of mineralization identified by historical drilling. The mineralization is situated at an average depth of ~25m from topographic surface and is located ~200m northwest of the mine portal. Drilling to further test the extent of mineralization along strike and at depth below the existing mine workings is ongoing. The planned meterage for this drill program is 2066 meters with 828 meters (40%) completed to date. In conjunction with previous drilling undertaken by Scorpio Gold as well as historic drilling, mineralization within the Goldwedge deposit has been traced over a total strike length of approximately 350m and to a vertical depth of 160...