Scorpio Gold Reports 21.26 g/t Gold over 18.3 m Near-Surface including 57.74 g/t over 4.6 m at the Manhattan Mine Property, Nevada
TSXV:SGN
Unit 1–15782 Marine Drive
White Rock, BC, V4B 1E6
T: (604) 536-2711
www.scorpiogold.com
News Release No. 313
Scorpio Gold Reports 21.26 g/t Gold over 18.3 m Near-Surface including
57.74 g/t over 4.6 m at the Manhattan Mine Property, Nevada
Vancouver, September 7, 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. Recent results report near
surface, high-grade mineralization over broad intersections in the West Pit area.
Twenty-three holes (5180m) representing 80% of the drill program have been completed to date, including
17 holes in the West Pit area and 6 holes at East Pit area. Two holes were added to the original program to
test the on-strike extension of high-grade mineralization intersected in MWRC21-001. Assay results for the
first 7 holes, including MWRC21 -001, were reported in the Company’s July 20, 2021 news release.
Significant results for holes MWRC21-005 to 009 drilled in the West Pit area are presented in Table 1.
Table 1: Manhattan Mine Drilling - Significant Results to Date
Hole ID Azm
(deg)
Dip
(deg)
From
(ft)
To
(ft)
Width
(ft)
Grade
(oz/T)
From
(m)
To
(m)
Width
(m)
Grade
(g/t)
West Pit Area
MWRC21-005 60 -72 65.0 85.0 20.0 0.249 19.8 25.9 6.1 8.54
Including 75.0 85.0 10.0 0.468 22.9 25.9 3.1 16.04
105.0 120.0 15.0 0.054 32.0 36.6 4.6 1.85
175.0 330.0 155.0 0.085 53.4 100.7 47.3 2.92
Including 215.0 225.0 10.0 0.163 65.6 68.6 3.1 5.59
Including 275.0 285.0 10.0 0.186 83.9 86.9 3.1 6.38
Including 305.0 315.0 10.0 0.537 93.0 96.1 3.1 18.40
455.0 470.0 15.0 0.201 138.8 143.4 4.6 6.91
Including 465.0 470.0 5.0 0.499 141.8 143.4 1.5 17.12
540.0 545.0 5.0 0.059 164.7 166.2 1.5 2.02
615.0 620.0 5.0 0.042 187.6 189.1 1.5 1.44
MWRC21-006 60 -60 75.0 100.0 25.0 0.222 22.9 30.5 7.6 7.62
Including 75.0 90.0 15.0 0.349 22.9 27.4 4.6 11.96
270.0 370.0 100.0 0.175 82.4 112.9 30.5 6.00
Including 270.0 285.0 15.0 0.520 82.3 86.9 4.6 17.83
Including 320.0 325.0 5.0 0.901 97.5 99.1 1.5 30.91
355.0 370.0 15.0 0.072 108.2 112.8 4.6 2.48
Including 355.0 360.0 5.0 0.172 108.2 109.7 1.5 5.9
450.0 455.0 5.0 0.451 137.2 138.7 1.5 15.47
465.0 470.0 5.0 0.060 141.7 143.3 1.5 2.06
MWRC21-007 60 -56 75.0 135.0 60.0 0.620 22.9 41.2 18.3 21.26
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Hole ID Azm
(deg)
Dip
(deg)
From
(ft)
To
(ft)
Width
(ft)
Grade
(oz/T)
From
(m)
To
(m)
Width
(m)
Grade
(g/t)
Including 80.0 85.0 5.0 1.750 24.4 25.9 1.5 60.03
Including 100.0 115.0 15.0 1.683 30.5 35.1 4.6 57.74
165.0 170.0 5.0 0.023 50.3 51.9 1.5 0.79
200.0 245.0 45.0 0.013 61.0 74.7 13.7 0.46
280.0 335.0 55.0 0.094 85.4 102.2 16.8 3.24
Including 295.0 305.0 10.0 0.389 90.0 93.0 3.1 13.33
420.0 435.0 15.0 0.519 128.1 132.7 4.6 17.79
Including 420.0 425.0 5.0 1.42 128.1 129.6 1.5 48.71
470.0 475.0 5.0 1.010 143.4 144.9 1.5 34.65
580.0 605.0 25.0 0.054 176.9 184.5 7.6 1.87
Including 580.0 585.0 5.0 0.181 176.9 178.4 1.5 6.21
MWRC21-008 60 -65 480.0 580.0 100.0 0.036 146.4 176.9 30.5 1.24
630.0 685.0 55.0 0.049 192.2 208.9 16.8 1.68
700.0 705.0 5.0 0.039 213.5 215.0 1.5 1.34
740.0 745.0 5.0 0.872 225.7 227.2 1.5 29.91
770.0 775.0 5.0 0.091 234.9 236.4 1.5 3.12
790.0 795.0 5.0 0.064 241.0 242.5 1.5 2.20
825.0 840.0 15.0 0.045 251.6 256.2 4.6 1.53
MWRC21-009 60 -60 325.0 350.0 25.0 0.066 99.1 106.8 7.6 2.26
430.0 455.0 25.0 0.055 131.2 138.8 7.6 1.89
490.0 510.0 20.0 0.026 149.5 155.6 6.1 0.90
525.0 580.0 55.0 0.106 160.1 176.9 16.8 3.65
Including 525.0 540.0 15.0 0.349 160.1 164.7 4.6 11.97
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. All 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 in the Company’s quality assurance and quality cont rol program for the
Goldwedge project available at: GW QAQC. The same protocols apply to the Manhattan project.
Drill holes MWRC21-005, 007 and 008 (Figures 1, 2 and 3) targeted gold mineralization located along and
east and west of two parallel north-westerly trending and north-easterly dipping fault structures (“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 and has upthrown the
mineralized block to near surface in this area. Gold mineralization is hosted within intensely faulted and
folded quartz ± mica schist interbedded with quartzite and s andy phyllite belonging to the Paleozoic
Goldhill Formation metasediments. Results received from drilling program to date from the West Pit and
north of the West Pit have indicated a 300m continuous trend of mineralization from as shallow as 19m
from surface in some areas of the northern section. A review of the geology and structures in drill core
appears to confirm the structural and lithological controls to mineralization.
Scorpio Gold Corporation | 3
Figure 1. Geological map of the Manhattan Mine area with red circ les showing drill collar locations and
hole IDs indicating holes completed to date. C-C’ and D-D’ mark cross sections presented in Figures 2 and
3.
Scorpio Gold Corporation | 4
Figure 2. Cross section C – C’ showing hole MWRC21-005.
Drill hole MWRC21-005 (Figures 1 and 2) targeted and confirmed 3 main mineralized zones delineated by
historic drilling. The hole intersected mineralization at the approximate expected target depth of the upper
zone from 19m, containing strongly sheared, oxidized, clayey material with schist + quartzite between 19
to 35m that returned 8.54 g/t Au over 6.1m. The most significant zone was intersected at the contact of the
schist + quartzite and sandy phyllite , returning 2.92 g/t Au over 47m from 53-101m downhole. The third
zone was intersected at the contact of the sandy phyllite and limestone at 139-143m, returning 6.91 g/t Au
over 4.6 m.
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Figure 3. Cross section D – D’ showing holes MWRC21-007 and MWRC21-008.
Drill hole MWRC21-007 returned a high-grade intersection of 21.26g/t over 18m from 23m downhole, and
17.79g/t over 4.6m from 128.1m downhole. Drill hole MWRRC21-008 returned several narrow high-grade
and significant intersections at depth (Table 1).
Drilling is in progress to complete th e 33-hole (6520m) program. Historical exploration and production
drilling at the Manhattan Mine below the mined -out pits indicates a shallow, southwesterly dipping trend
to mineralization. Results to date from the current program confirm the trend and dip of mineralization;
however, targeted core drilling will be required to fully conclude on the controls to 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 situated 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 | 6
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 that term is defined in the pol icies 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 th e 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 other sim ilar
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 statements 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 involved 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.