Business
Scorpio Gold Reports 9.02 g/t Gold over 7.4 meters from Ongoing Underground Drilling at Goldwedge, Nevada
VANCOUVER, British Columbia, April 13, 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, April 13, 2021 (GLOBE NEWSWIRE) -- Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV: SGN) is pleased to announce results from the first 3 holes of its underground drilling program 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 (July 27, 2020 news release) as well as testing new areas with the potential to define a mineral resource base. Results to date indicate the extension of mineralization southward, hosted within sheared, metamorphosed, interbedded limestones and argillites with quartz, and calcite veining. Highlights include 7.4 meters grading 9.02 g/t, 5.3 meters grading 5.11 g/t and 2.7 meters grading 9.19 g/t (Table 1), situated in an area with an average depth from topographic surface of 25 m. Drilling is currently ongoing at the northern section to test mineralization continuity in that strike direction. The planned footage for this drilling program is 6,772 ft with 1,217 ft (18%) completed to date. Table 1: 2021 Goldwedge Underground Drilling – Significant Results to Date Hole ID Azm (deg) Dip (deg) From(ft) To(ft) Width(ft) From(m) To(m) Width(m) Gold(oz/t) Gold(g/t) GWUG20-004A 253 -17 10.5 15.8 5.3 3.2 4.8 1.6 0.381 13.06 incl. 14.8 15.7 1.1 4.5 4.8 0.3 1.494 51.22 GWUG20-004A 253 -17 25.5 49.9 24.4 7.8 15.2 7.4 0.263 9.02 GWUG20-004A 253 -17 70.2 71.2 1.0 21.4 21.7 0.3 0.244 8.37 GWUG21-005 253 -7 20.0 29.0 9.0 6.1 8.8 2.7 0.268 9.19 incl. 23.9 27.6 3.5 7.3 8.4 1.1 0.628 21.53 GWUG21-005A 253 -10 10.5 15.4 4.9 3.2 4.7 1.5 0.103 3.53 GWUG21-005A 253 -10 20 37.5 17.5 6.1 11.4 5.3 0.149 5.11 GWUG21-005A 253 -10 44.9 48.0 3.1 13.7 14.6 0.9 0.433 14.85 GWUG21-006* 247 -17 19.0 22.5 3.5 5.8 6.9 1.1 2.443 83.76 GWUG21-006* 247 -17 37.5 42.5 5.0 11.4 13.0 1.5 0.426 14.61 All holes presented in Table 1 were completed by NQ size diamond (core) drilling. Widths are presented as down hole core lengths; true widths are unknown at this time. Analytical results for holes 004, 004A and 005A were performed by American Assay Laboratory Inc. (AAL) in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility. Results for drillhole GWUG21-006* are from Scorpio Gold’s in-house analytical laboratory (by FAAA procedure), whic...