Scorpio Gold Reports Final Results from Phase I Exploration Drilling 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. 323
Scorpio Gold Reports Final Results from Phase I Exploration Drilling at the
Manhattan Mine Property, Nevada
Vancouver, January 4, 2022 – Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV:
SGN) is pleased to provide the final results of its surface RC drilling program at the Manhattan West and
East pits at 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 12 holes drilled in the West Pit and 5 holes in
the East Pit area were reported in the Company’s July 20, September 7, November 2 and December 9, 2021
news releases.
Scorpio Gold’s geological staff are in the process of compiling and reviewing the analytical and geological
data in context with historical results to build a better understanding of the controls to mineralization and
structural complexity of the East and West pit areas. Planning for a Phase II drilling program is in progress
and will focus on defining the extent and continuity of the multiple mineralized zones intersected to date.
Table 1: Manhattan Mine Drilling – Remaining 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
MWRC21-010 57.9 -54.8
515.0 520.0 5.0 0.059 157.1 158.6 1.5 2.02
545.0 590.0 45.0 0.041 166.2 180.0 13.7 1.41
Including 580.0 585.0 5.0 0.200 176.9 178.4 1.5 6.86
MWRC21-011 54.6 -47.6 25.0 30.0 5.0 0.063 7.6 9.2 1.5 1.97
420.0 435.0 15.0 0.096 128.1 132.7 4.6 3.29
MWRC21-012 57.2 -60.2
175.0 180.0 5.0 0.036 53.4 54.9 1.5 1.23
270.0 290.0 20.0 0.028 82.4 88.5 6.1 0.96
330.0 335.0 5.0 0.021 100.7 102.2 1.5 0.72
480.0 495.0 15.0 0.023 146.4 151.0 4.6 0.78
MWRC21-013 61.6 -61.4 570.0 575.0 5.0 0.024 173.9 175.4 1.5 0.82
MWRC21-014 62.8 -61.3
565.0 570.0 5.0 0.367 172.3 173.9 1.5 12.59
935.0 940.0 5.0 0.192 285.2 286.7 1.5 6.59
1015.0 1020.0 5.0 0.206 309.6 311.1 1.5 7.07
MWRC21-015 61.9 -60.9 No significant results
MWRC21-016 36.7 -50.4
10.0 15.0 5.0 0.024 3.1 4.6 1.5 0.82
45.0 65.0 20.0 0.055 13.7 19.8 6.1 1.88
145.0 150.0 5.0 0.030 44.2 45.8 1.5 1.03
165.0 170.0 5.0 0.034 50.3 51.9 1.5 1.17
205.0 210.0 5.0 0.020 62.5 64.1 1.5 0.69
220.0 225.0 5.0 0.012 67.1 68.6 1.5 0.41
805.0 825.0 20.0 0.031 245.5 251.6 6.1 1.05
85.0 150.0 65.0 0.036 25.9 45.8 19.8 1.22
530.0 535.0 5.0 0.033 161.7 163.2 1.5 1.13
East Pit Area
MERC21-006 302.7 -45.7 285.0 290.0 5.0 0.020 86.9 88.5 1.5 0.69
330.0 335.0 5.0 0.054 100.7 102.2 1.5 1.85
Scorpio Gold Corporation | 2
Hole ID Azm
(deg)
Dip
(deg)
From
(ft)
To
(ft)
Width
(ft)
Gold
(oz/T)
From
(m)
To
(m)
Width
(m)
Gold
(g/t)
MERC21-007 No significant results
MERC21-008 99.6 -60.5 35.0 75.0 40.0 0.038 10.7 22.9 12.2 1.31
150.0 160.0 10.0 0.033 45.8 48.8 3.1 1.13
MERC21-009 99.9 -47.2
40.0 45.0 5.0 0.115 12.2 13.7 1.5 3.93
50.0 70.0 20.0 0.017 15.3 21.4 6.1 0.59
95.0 105.0 10.0 0.008 29.0 32.0 3.1 0.26
140.0 150.0 10.0 0.028 42.7 45.8 3.1 0.94
MERC21-010 94.1 -55.9
0.0 10.0 10.0 0.034 0.0 3.1 3.1 1.15
90.0 105.0 15.0 0.018 27.5 32.0 4.6 0.61
125.0 135.0 10.0 0.040 38.1 41.2 3.1 1.35
385.0 390.0 5.0 0.049 117.4 119.0 1.5 1.68
610.0 645.0 35.0 0.043 186.1 196.7 10.7 1.47
810.0 815.0 5.0 0.029 247.1 248.6 1.5 0.99
610.0 645.0 35.0 0.043 186.1 196.7 10.7 1.47
810.0 815.0 5.0 0.029 247.1 248.6 1.5 0.99
MERC21-011 95.0 -45.0
0.0 25.0 25.0 0.013 0.0 7.6 7.6 0.45
45.0 65.0 20.0 0.264 13.7 19.8 6.1 9.05
Including 50.0 55.0 5.0 0.827 15.3 16.8 1.5 28.37
MERC21-011A 82.9 -45.5 0.0 10.0 10.0 0.044 0.0 3.1 3.1 1.51
80.0 115.0 35.0 0.032 24.4 35.1 10.7 1.09
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 in the Company’s quality assurance and quality control progra m for the
Goldwedge project available at: GW QAQC. The same protocols apply to the Manhattan project.
Figure 1. Geological plan map of the West and East pits in the Manhattan Mine area
Scorpio Gold Corporation | 3
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.
ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION
Chris Zerga
CEO & Director
For further information contact:
Chris Zerga, CEO & President
Email: [email protected]
Diane Zerga, General Manager
Tel: (775) 401-1637
Email: [email protected]
Website: www.scorpiogold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in th e 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 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.