Scorpio Gold Produces 5,741 Ounces of Gold in First Quarter 2017 at the
TSX-V: SGN
1462 de la Quebecoise
Val-d’Or, QC, J9P 5H4
T: 819- 825-7618
www.scorpiogold.com
News Release No. 237
Scorpio Gold Produces 5,741 Ounces of Gold in First Quarter 2017 at the
Mineral Ridge Operation, Nevada
Vancouver, April 28, 2017 - Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSX-V: SGN)
announces its operating results for the first quarter (“Q1”) of 2017 at its 70% owned Mineral Ridge project,
located in Nevada.
Gold and silver production in Q1 2017 totalled 5,74 1 ounces and 2,854 ounces, respectively. The lower
metal production in Q1 2017 is attributed to fewer tons being mined and processed from the existing pits,
due to higher strip ratios that constrain how quickly benches can be mined.
Brian Lock, interim CEO, reports, “The first quart er production at Mineral Ridge was affected by a
slowdown in mining and processing while the project awaits approval of the amendment to its revised Plan
of Operations, which is pending from applicable regul atory authorities. The Custer pit and other areas for
which permitting is outstanding, will be evaluate d for economics of associated mining timelines when
permits are received.”
Production in 2017 is scheduled from the Mary LC pit and from the Bluelite and Brodie satellite pits.
Key Operating Statistics
Q1 2017 Q1 2016 % Change
Mining operations
Mary LC pit
Ore tonnes mined 130,446 146,872 -11.2%
Waste tonnes mined 927,786 703,030 32.0%
Total mined 1,058,232 849,902 24.5%
Strip Ratio 7.1 4.8 47.9%
Satellite pits
Ore tonnes mined 7,255 103,252 -93.0%
Waste tonnes mined 67,208 227,056 -70.4%
Total mined 74,463 330,308 -77.5%
Strip Ratio 9.3 2.2 322.7%
Total producing pits
Ore tonnes mined 137,701 250,124 -44.9%
Waste tonnes mined 994,994 930,086 7.0%
Total mined 1,132,695 1,180,210 -4.0%
Strip Ratio 7.2 3.7 94.6%
Scorpio Gold Corporation | 2
Q1 2017 Q1 2016 % Change
Pits under development
Ore tonnes mined 178 - 100.0%
Waste tonnes mined 212,595 55,622 282.2%
Total mined 212,773 55,622 282.5%
Total mining operations
Ore tonnes mined 137,879 250,124 -44.9%
Waste tonnes mined 1,207,589 985,708 22.5%
Total mined 1,345,468 1,235,832 8.9%
Processing
Tonnes processed 138,392 251,587 -45.0%
Gold head grade (g/t) 1.70 1.65 3.0%
Ounces produced
Gold 5,741 8,508 -32.5%
Silver 2,854 3,921 -27.2%
Recoverable(1) gold ounces placed on pad 5,175 9,032 -42.7%
(1) A weighted average metallurgical recovery factor has been ap plied to the estimated containe d ounces crushed and placed on
the leach pad, based on the pit from which the ore was mined.
About Scorpio Gold
Scorpio Gold holds a 70% interest in the produc ing Mineral Ridge gold mining operation located in
Esmeralda County, Nevada with joint venture partner Elevon, LLC (30%). Mineral Ridge is a conventional
open pit mining and heap leach operation. The Minera l Ridge property is host to multiple gold-bearing
structures, veins and lenses at exploration, developm ent and production stages. Sc orpio Gold also holds a
100% interest in the advanced exploration-stage Gold wedge 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 on short notice.
Scorpio Gold’s Chairman, Peter J. Hawley, P.Geo., is a Qualified Person as defined in National Instrument
43-101 and has reviewed and approved the content of this release.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock,
Interim CEO
For further information contact:
Chris Zerga, President
Tel: (819) 825-7618
Email: [email protected]
Investor Relations
Jag Sandhu, JNS Capital Corp.
Tel: 778-218-9638
Scorpio Gold Corporation | 3
Email: [email protected]
Website: www.scorpiogold.com
Neither TSX Venture Exchange nor its Regula tion Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements
that are based on the Company’s current expectations and estimat es. Forward-looking statements are frequently characterized by
words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other simil ar
words or statements that certain events or conditions “may” or “will” occur, and include, without restriction, any statements
regarding the Company receiving approval of its pending amendm ent to its revised Plan of Operations. Such forward-looking
statements involve known and unknown risks, un certainties and other factors that could cau se actual events or results to differ
materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including risks
involved in mineral exploration and development programs, risks involved in mineral processing; risks related to open pit mining
and heap leach processing operations, obtaining the required permits to expand a nd extend mining activities and the life of min e,
the availability of cash flows or financing to meet the Comp any’s ongoing financial obligations and those risk factors outlined in
the Company’s Management Discussion and Analysis as filed on SEDAR. Any forw ard-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a re sult of new information, future events or results or otherwi se.
Forward-looking statements are not guarantees of future perfo rmance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty thereof.