Scorpio Gold Discovers Silver-Enriched Zone on Mineral Ridge Project

Scorpio Gold Corporation (TSX- SGN and OTC Other: SRCRF) announced the discovery of widespread silver-enriched mineralization over significant widths at the Coyote Target, on its 70% owned Mineral Ridge project in Nevada. Eleven holes in this first phase drill program tested the Coyote target over a 250 x 600 metre area, while 2 holes tested an outlier zone located 914 metres to the northwest.

Peter J. Hawley, President and CEO stated, “While drilling the Coyote gold target, we have encountered an extensive, thick silver-mineralized zone, which appears to have overprinted earlier gold mineralization and is presently thought to be wedge-shaped and thickening to the northwest. Step out drilling in the vicinity of a historical adit, 914 metres (3,000 feet) to the northwest, has intercepted 147.87 metres grading 2.13 g/t silver (485 feet grading 0.075 OPT silver). All of the holes in this first ever drilling of the area terminated in mineralization. Mapping and geochemical sampling is underway to determine the surface expression and relevance of this discovery to other mineralization on the property. The widespread nature of mineralization crossing various lithological host units may be indicative of a very large mineralized system.”

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