Scorpio Gold Regains Control of Mineral Ridge, Nevada

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[{"type":"text","content":"Scorpio Gold Regains Control of Mineral Ridge, NevadaVANCOUVER, BC / ACCESSWIRE / June 4, 2021 / Scorpio Gold Corporation (\"Scorpio Gold\" or the \"Company\") (TSXV:SGN) regains 100% control of the Company's Mineral Ridge Property, located in Nevada as a result of Titan Mining Corporation's (\"Titan\") termination of an earn-in option agreement (the \"Titan Agreement\") announced on August 31, 2020.The Mineral Ridge Property is comprised of approximately 14,000 acres of patented, fee-owned, and unpatented mining claims which include certain water rights (refer to Figure 1 for location and boundary map). Historically, the property has produced approximately 1 million ounces of gold from underground and open pit mining operations. The site is a fully permitted mine and mill operation that is currently on care and maintenance.Mineral Ridge is a property with widespread, high grade mineralization that has historically been the focus of small-scale mining activities and has never seen a comprehensive exploration program. Mineral Ridge fits all of the criteria for gold assets: the property is in a great jurisdiction, is fully permitted for production and drilling, has known resources of 335,000 ounces of gold, and tremendous exploration potential.To date, Titan has not announced or delivered the results of any drilling conducted during their tenure to the Company. Once such data is provided to the Company, the Company will have the opportunity for the first time to analyze the results and locations of any drilling done by Titan for follow up by the Company.Titan previously identified seven targets, outside the production areas, for exploration drilling. These targets included: North Springs, Chieftain, Vanderbilt, Custer Ridge, Drinkwater NW and Tarantula (refer to Figure 1). These targets were prioritized based on surface sampling of high-grade gold and/or a combination of structure and lithology hosting anomalous gold (refer to Figure 2).Figure 1: Mineral Ridge highlighting areas of previous mining, planned mining and exploration target areas.Figure 2. Limited surface rock chip sampling results for the Mineral Ridge claims.On March 1, 2021, the Company reported that Titan had commissioned a technical report with an effective date of December 1, 2020, summarizing a feasibility study that was prepared for Scorpio Gold on Mineral Ridg...

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