Scorpio Gold Reports 2.02 g/t Gold over 39.7m in Exploration Drilling at the Manhattan Mine Property, Nevada
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www.scorpiogold.com
News Release No. 320
Scorpio Gold Reports 2.02 g/t Gold over 39.7m in Exploration Drilling at the
Manhattan Mine Property, Nevada
Vancouver, December 9, 2021 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV:
SGN) is pleased to provide an update of its surface RC drilling program at the Manhattan West and East
pits of the recently acquired Kinross Manhattan Property in Manhattan, Nevada.
Thirty-one holes (6907m) were completed in this Phase I program, including 19 holes in the West Pit area
and 12 holes in the East Pit area (Figure 1). Assay results for 14 holes were reported in the Company’s July
20, September 7 and November 2, 2021 news release s. Results for holes MWRC21-018 and MWRC21-
019 are presented in Table 1.
Drill holes MWRC21-018 and 019 were collared near the northwestern edge of the West Pit and drilled in
opposite directions (Figure 2). MWRC21-018, drilled to the northeast, intersected continuous
mineralization from 27.5m to 220m downhole, returning 2.02g/t gold over 39.7m (Table 1). MWRC21-
019, drilled to the southwest, intersected intermittent mineralization over 42m from 78m to 120m down
hole, consisting of multiple ~7m wide stockwork mineralized sections separated by ~3m intervals of
unmineralized botryoidal to prismatic quartz. Further down hole at 144.4m, intersection of a mineralized
southwesterly trending cross structure returned 1.12 g/t gold over 6.1 m.
The mineralization noted in rock chips from the 39.7m zone in MWRC21-018 closely resembles that within
the 6.1m intersection in MWRC21-019, located ~140m downdip to the southeast. A further ~1 20m down
dip southeast, similar mineralization was intersected in MWRC21-001, retuning 20.04 g/t gold over 15.3m
(July 20, 2021 news release; Figure 2). A continuity of mineralization between these holes is indicated over
the ~260m downdip length with an estimated width based on current and historical drilling of ~21m.
Table 1: Manhattan Mine Drilling - Significant Results
Hole ID Azm
(deg)
Dip
(deg)
From
(ft)
To
(ft)
Width
(ft)
Gold
(oz/T)
From
(m)
To
(m)
Width
(m)
Gold
(g/t)
West Pit Area
MWRC21-018
237 -45 90.0 220.0 130.0 0.059 27.5 67.1 39.7 2.03
305.0 310.0 5.0 0.025 93.0 94.6 1.5 0.86
325.0 340.0 15.0 0.024 99.1 103.7 4.6 0.81
MWRC21-019 60 -45 295.0 350.0 55.0 0.017 90.0 106.8 16.8 0.57
375.0 395.0 20.0 0.033 114.4 120.5 6.1 1.12
Note: All holes presented in Table 1 were completed by reverse circulation (RC) drilling. Widths are presented as
down hole core lengths; true widths are undefined at this time. Analytical results were performed by ALS Minerals
Laboratory, in Reno, Nevada an ISO/IEC 17025:2005 accredited facility, utilizing fire assay with gravimetric finish
analysis. Further details are presented i n the Company’s quality assurance and quality control program for the
Goldwedge project available at: GW QAQC. The same protocols apply to the Manhattan project.
Scorpio Gold Corporation | 2
Figure 1. Geological plan map of the West and East pits in the Manhattan Mine area showing A-A’ cross
sectional line.
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Figure 2. Cross section A – A’ showing holes MWRC21-001, MWRC21-018 and MWRC21-019
Assay results for the remaining 17 holes from the Phase 1 program will be reported upon final compilation
and review.
Drilling in the West Pit area targeted gold mineralization in the vicinity of the northwesterly -trending and
northeasterly-dipping Little Gray fault zone, at the junction of prominent cross structures postulated to
control high-grade mineralization. The Little Gray fault zone appears to be post-mineralization in age and
has upthrown the mineralized block to near surface in this area. Gold mi neralization is hosted within
intensely faulted and folded quartz ± mica schist within the Paleozoic Goldhill Formation metasediments.
Results of drilling in the West Pit area to date indicate a 300m continuous trend of mineralization from as
shallow as 19m from surface. Targeted core drilling and systematic close-spaced RC definition drilling will
be required to fully determine the potential and the modes of occurrence of the mineralization.
About Scorpio Gold
Scorpio Gold now holds a 100% interest in the consolidated Manhattan District in Nevada comprising the
advanced exploration-stage Goldwedge property in Manhattan, Nevada with a fully permitted underground
mine and a 400 ton per day mill facility and a 100% interest of the Manhattan Property situate d adjacent
and proximal to the Goldwedge property.
Scorpio Gold also holds 100% interest in the Mineral Ridge gold project located in Esmeralda County,
Nevada.
The technical information contained within this release has been reviewed and approved by independent
geological consultant, Mohan R Vulimiri, M.Sc., P.Geo., a Qualified Person as defined by NI 43-101.
Scorpio Gold Corporation | 4
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Brian Lock,
CEO & Director
For further information contact:
Brian Lock, CEO
Tel: (604) 889-2543
Email: [email protected]
Diane Zerga, General Manager
Tel: (775) 401-1637
Email: [email protected]
Anthony Simone, Investor Relations
Tel: (416) 881-5154
Email: [email protected]
Website: www.scorpiogold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as t hat 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 estimates. Forward -looking statements are frequently characterized by
words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and oth er similar
words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding
the Company’s plans with respect to the exploration of its Manhattan Mine property. Such forward-looking statement s involve
known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from
estimated or anticipated events or results implied or expressed in such forward -looking statements, including risks invol ved in
mineral exploration programs and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on
SEDAR. Any forward-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 result of
new information, future events or results or otherwise. Forward-looking statements are not a guarantee of future performance and
accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.