Scorpio Gold Announces Change In Management
TSX-V: SGN 1462 de la Quebecoise Val-d’Or, QC, J9P 5H4 T: 819- 825-7618
www.scorpiogold.com News Release No. 224
Scorpio Gold Announces Change In Management
Vancouver, November 2, 2016 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN) announces that further to the Company’s news release dated August 10, 2016, Peter J Hawley has stepped down from the position of CEO of the Company effective November 1, 2016, but will remain a Director and Chairman of the Company. Current Director, Brian Lock, will act as interim CEO until such time as a permanent CEO has been found.
Mr. Lock has over 40 years of experience in the operations, feasibility, design engineering and construction of numerous precious and base metal projects around the world. In 1985 he founded Proton International Engineering Corp., a Canadian engineering and construction company devoted to the development of small and medium sized mining projects. He was a past officer of Frontier Pacific Mining Corporation from early 2006 until its takeover in July 2008. Mr. Lock has managed and/or served as a director of several Canadian public and private companies.
Brian Lock comments, “On behalf of the Board, I would like to thank Peter for his dedication to the Company since its inception. He and his management team have been instrumental in advancing commercial production at Mineral Ridge since 2012, and continue to expand mineral resources through exploration of the Mineral Ridge property for the benefit of the Company’s shareholders.
“Peter will continue as Chairman and is committed to assisting the team during this transitional period, in operations as well as exploration and geological interpretation of the Mineral Ridge and Goldwedge properties.
“As interim CEO, I look forward to advancing Scorpio Gold’s production, exploration and development programs and feel confident that through further exploration we can continue to increase the mine life at Mineral Ridge.”
About Scorpio Gold
Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The Mineral Ridge property is host to multiple gold-bearing structures, veins and lenses at exploration, development and production stages. Scorpio Gold also holds a 100% interest in the advanced exploration-stage Goldwedge property in Manhattan, Nevada, with a fully permitted underground mine and 400 ton per day mill facility. The Goldwedge mill facility has been placed on a care and maintenance basis and can be restarted immediately when needed.
ON BEHALF OF THE BOARD SCORPIO GOLD CORPORATION
Chris Zerga, President