Scorpio Gold Corporation (TSX-V: SGN; OTC: SRCRF) announced today final results of their 2011 drilling program on the Mary Zone, located southwest of the current mining in the Drinkwater pit at the 70% owned Mineral Ridge project, Nevada.
Peter J. Hawley, President and CEO reports, “The 2011 drilling program has successfully defined the extent of mineralization for the final pit design over the Mary Zone. In addition, drill results have increased the overall width of the zone and confirmed that gold mineralization extends southwest from the Mary Zone to the adjacent Mary LC Zone, encompassing a strike length of 780 metres. All assays for the Mary Zone drill program have been received and incorporated into the overall database for a planned NI 43-101 compliant mineral resource and reserve estimate and Mine Plan Study to be completed by AMEC. Completion of this study continues to be on target for May of this year.”
Scorpio Gold is also pleased to announce that under International Financial Reporting Standards, the property is being treated for accounting purposes as if commercial production commenced effective January 1, 2012.