Scorpio Gold Corp. (SRCRF)

[Talldude]

Scorpio=STILL.on.the.gold. New.Drill.Results.PR.update:

Scorpio Gold's Drilling at the Oromonte Deposit Intersects 10.67 Meters Grading 22.30 g/t Gold

Press Release: MINING DRILLING RESULTS – 10:00 AM EDT 9.23.2013

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 23, 2013) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports further results from its 2013 satellite deposit drilling program at the 70% owned Mineral Ridge project, located in Nevada.

The first hole drilled in 2013 on the Oromonte deposit followed up on a higher-grade zone of mineralization intersected at depth in 2011-2012 drilling. This hole, MR13599, returned 22.30 g/t over 10.67 m (0.65 oz/ton over 35 ft). Combined with prior drilling, significant grades over substantial widths have now been intersected in four consecutive holes with the mineralization open in three directions.

Updated drill chart in this satellite deposit contained within the press release. Can be viewed at: Drill Update: Oromonte Deposit

(CEO is in Denver for a Gold show 9.22-25. According to www.denvergoldforum.org/dgf13 , Scorpio is one of the few NOT webcasting their scheuled presentation. Bummer.

Still would seems logical to anticipate positive things coming from talking up Scorpio at the Denver Gold Show.

[Talldude]

http://finance.yahoo.com/news/scorpio-golds-expansion-drilling-bluelite-120000664.html.AWESOME!

Scorpio Gold's Expansion Drilling at the Bluelite Deposit Intersects Near-Surface High-Grade Mineralization

MR13587: 3.69 g/t over 18.29 meters

Peter J. Hawley, CEO comments:

"Initial results from our expansion drilling program on the Bluelite deposit are highly encouraging and have outlined a strongly mineralized zone at the interpreted intersection of a dominant gold bearing northwest trend with a secondary northeast trending structure.

"The area of enhanced grades and widths occupies the northwest quadrant of the floating cone pit shell modelled by Telesto.

"These impressive and near surface results are expected to increase and upgrade the current resource estimate.

"A second drill rig has arrived on site to commence a second phase of infill and step out drilling, which will further test the strongly mineralized structural intersection and allow for expansion of the current pit outline."

[Talldude]

Indeed they do. And it is nice to see the solid, positive update on this micro producer up basically $0.01 cents higher today.

A LOT to like here!

[MUDbone1]

financials out, looks good.


10,769 ounces of gold produced compared to 7,394 during Q2 of 2012.
• Increased revenue of $14.8 million compared to $12.5 million during Q2 of 2012, mainly due to increased
production and higher grades which resulted in a higher number of ounces sold albeit a lower average gold
price.
• Improved total cash cost per ounce of gold sold(1) of $713 compared to $965 during Q2 of 2012 mainly
attributable to higher production level as well as higher head grade.
• Mine operating earnings (1) of $3.3 million compared to $3.4 million during Q2 of 2012.
• Net loss of $7.8 million ($0.05 basic and diluted per share) following non-cash impairment charges of $9.9
million ($0.06 basic and diluted per share), compared to net earnings of $2.6 million ($0.01 basic and
diluted per share) during Q2 of 2012.
• Adjusted net earnings (1) of $2.7 million ($0.01 basic and diluted per share) compared to $2.6 million ($0.01
basic and diluted per share) during Q2 of 2012.
• Increased adjusted EBITDA (1) of $8.0 million ($0.04 basic and diluted per share) compared to $4.7 million
($0.03 basic and diluted per share) during Q2 of 2012, as a result of increased revenue and lower cash
costs.
• Adjusted cash flow from operating activities (1) of $5.4 million down from $7.5 million during Q2 of 2012,
mainly due to an increase in inventory level during Q2 of 2013.
(1) This is a non-IFRS measure; please see Non-IFRS performance measures section.
Management Discussion and Analysis
For the six months ended June 30, 2013
2
HIGHLIGHTS FOR THE SIX MONTHS ENDED JUNE 30, 2013
• 18,180 ounces of gold produced compared to 14,591 during the six months ended June 30, 2012.
• Increased revenue of $26.5 million compared to $25.4 million during the six months ended June 30, 2012,
mainly due to increased production and higher grades which resulted in a higher number of ounces sold
albeit a lower average gold price.
• Improved total cash cost per ounce of gold sold(1) of $738 compared to $944 during the six months ended
June 30, 2012, mainly attributable to higher production level as well as higher head grade.
• Mine operating earnings (1) of $6.5 million compared to $8.3 million during the six months ended June 30,
2012.
• Net loss of $5.7 million ($0.04 basic and diluted per share) following non-cash impairment charges of $9.9
million ($0.06 basic and diluted per share), compared to net earnings $5.7 million ($0.03 basic and diluted
per share) during the six months ended June 30, 2012.
• Adjusted net earnings (1) of $4.8 million ($0.02 basic and diluted per share) compared to $6.8 million ($0.04
basic and diluted per share) during the six months ended June 30, 2012.
• Increased adjusted EBITDA (1) of $14.5 million ($0.08 basic and diluted per share) compared to $10.7
($0.06 basic and diluted per share) million during the six months ended June 30, 2012 as a result of
increased revenue and lower cash costs.
• Adjusted cash flow from operating activities (1) of $11.5 million down from $14.3 million during the six
months ended June 30, 2012, mainly due to an increase in inventory level during Q2 of 2013.
UPDATED 2013 PRODUCTION AND OPERATING GUIDANCE
• 2013 gold production now forecast to be between 35,000 and 40,000 ounces compared to earlier guidance
of between 32,000 and 35,000 ounces.
• Total cash cost now forecast to be between $700 and $800 per ounce compared to earlier guidance of
between $800 and $900 per ounce. (For more information on the parameters and assumptions upon which
the updated production and operating guidance is based, please see the “Outlook” section below).


As of June 30, 2013, the Company had $2.4 million in cash compared to $2.0 million as of December 31, 2012.
Working capital was $8.5 million as of June 30, 2013 compared to $5.9 million as of December 31, 2012. The
Company anticipates that it will make the required payments on its debt and fund its planned capital expenditures
and other cash requirements from cash flow from operations at Mineral Ridge. However, if cash flow is insufficient,
additional financing will be required.

[Talldude]

The off the cuff response is along the lines of how the BCSC has turned the resource calculating world on its EAR up there in Canada with the regulatory bullshit/shennigans pulled on Barkerville resource and the shareholders for over 1 year now since a N43-101 report was issued and somebody got upset and yanked on the regulators chain hollering "foul!!!!"

Everyone is muttering to each other who is under the filing requirements and regulatory scrutiny of BCSC. Companies are hiring Qualified Persons to double and triple check on existing Qualified Persons, twinning holes like there is no tomorrow, etc, doing check assays by another backed up to the gills reputable labe before counting even whispering about the nuggets atop the ground laying at the feet of the locals let alone professional geologists. Mere mention of "visible gold in a drill core" and you're automatically sent to timeout. This is all courtesy of Bre-X paranoia, and more.

The scientific field of Geology hasn't changed. But every resource modeling is done by computer algorithm nowadays. It's the wildwest shootout between computer modeling programs. It's easier to argue than just go get'er done.

And it is all to one end only in my opinion. That end is: to buy time for big money to starve out the marginal, underfunded, hanging on my their fingernails actual small producers, so that the big chess players casting their nets far and wide trying to out maneuver each other with their huge warchests of sequestered funds. Like Franco Nevada with their $2 BILLION acquisition purse, without even blinking, constantly being bragged about in live interview after live interview with the current CEO.

FRANCO doesn't care where the resource is, nor who the regulators are where. They just want the juiciest, regardless of "computer modeling noise factor."

I doubt there is a more nefarious climate in the history of natural precious pursuit than the days we are currently living in.

Debatung "Floating cone analysis""is just another name for "delay tactic du jour"

Those are my personal thoughts about this distinction w/out a difference nuanced gamesmanship.

Looking forward to more input from others up there in BCSC land. At least, SRCRF is in self-financing mode more or less now. Now THERE'S a distinction WITH a difference.

[MUDbone1]

New satellite resource out.

Mineral Resource Estimate on the Satellite Deposits


What stands out to me is :

"Within Telesto's resource block model there is approximately an additional 1.5 million tons of mineralized material outside the floating cone economics that is above a cutoff grade of 0.02 opt gold. The areal extent of this mineralization is presented in a plan section of the resource model wireframes available at: View Map. Cross-section views of the mineralized wireframe envelopes that extend or lie outside of the pit shells is available at: View Cross-Sections. With additional drilling; some or all of these areas could potentially be added to the mineral resource estimate after applying floating cone economics."


It looks like there is much more gold not included in the resource calculation than is included. I have never seen a resource calculated this way. Why are they using floating cones for a resource calculation? Isn't something like that used only when calculating reserves? If they didn't use floating cones the resource would have been well over 100,000 ounces.

Anyone have thoughts on this?

[Talldude]

Scorpio Gold Reports on Expansion Drilling at the Brodie Satellite Deposit, Mineral Ridge Project, Nevada

MINING DRILLING RESULTS – 11:28 AM EDT 8.7.2013

finance.yahoo.com

SGN.V (Vancouver BC) $0.235 $ -0.0150
SRCRF (USA OTC.BB)


VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 7, 2013) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports initial results from its 2013 satellite deposit drilling program at the 70% owned Mineral Ridge project, located in Nevada.

The 2013 satellite program commenced with infill drilling along the northwest mineralized trend that extends from the Brodie pit to the Bluelite deposit. The Brodie area lies southwest of the currently producing Drinkwater and Mary pits and is immediately adjacent to the leach pad. Nine holes were drilled to increase drill hole spacing density both within and extending outside of the floating cone pit shells modelled by Telesto Nevada Inc. ("Telesto") in their pit optimization study of the satellite deposits (see the Company's November 26, 2012 news release for more information). A mineral resource estimate for the satellite deposits is in the final stages of preparation by Telesto and will be released shortly.


Drill results continue to outline the extension of the Brodie deposit to the northwest, with positive results from holes 573 and 576 bracketing a 2012 hole, MR12383, which returned 0.97 grams per tonne ("g/t") over 9.15 m and 1.17 g/t over 21.34 m (originally announced in the Company's June 4, 2012 news release).

The northernmost hole in the 2013 program returned 0.68 g/t over 19.81 meters. The drill has now moved to the Bluelite deposit. A second drill rig is scheduled to arrive on site in September 2013, which the Company intends to dedicate to the satellite drilling program.

Peter J. Hawley, CEO comments:

"There are considerable areas of mineralization outlined by drilling that lie outside of the floating cone pit shells modelled by Telesto. The 2013 satellite program is designed to increase the drilling density in order to upgrade the resource within the pit shells, and potentially expand the resource through increased delineation of the peripheral mineralization. Our results from drilling along the Brodie northwest trend have certainly provided that potential."

A drill hole location map is available at: http://www.scorpiogold.com/i/maps/mr/Brodie_DHplan.jpg

Table 1. Brodie Northwest - Significant Drill Results
TABLE FOUND At ABOVE LINK

-------------- --------------------- -----------------------

All holes presented in Table 1 were completed by reverse circulation ("RC") drilling. True width is estimated at 90-100% of downhole width.

Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nevada, an ISO/IEC 17025:2005 accredited facility.

External check assays to verify lab accuracy are completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited facility.

Further details are presented in the Company's quality assurance and quality control program for the Mineral Ridge project at: http://www.scorpiogold.com/i/pdf/reports/QAQC-MR.pdf

[Belgie24]

Wow, I was just thinking of you yesterday, Jim. Thinking you were probably pretty busy with the slight recovery in construction. How the heck are you? Let's talk soon. Dave

PS yes the hat is behind me on the office bookcase, awaiting a reason to wear it. LOL

[goacs]

Spoken like the upstanding man that you are Dave. Still got your black and gold hat?

[Belgie24]

On these stock boards, you come to expect enthusiastic support of companies, especially those like Scorpio Gold, which I perceive to be performing very well in an uncertain market environment.

I don't see any pumping, and after years and years on IHUB, I've seen my share of pumping.

You can easily disagree with a person's position without making it personal. That is what I strive for.

[Talldude]

Scorpio Gold Intersects 2.05 g/t Gold Over 10.67 Meters and Continues to Extend the Mary/LC Zone at the Mineral Ridge Operation, Nevada

Scorpio keeps finding more gold

[Talldude]

Thx, mudbone1.Solid info.Got'er.bookmarked now!

[MUDbone1]

Good discussion of Scorpio Gold at Mexico Mike's forum.
Mexico Mike (coach247) knows Peter Hawley and has a long write-up of a site tour he went on recently you guys might find interesting. Mike moderates the forums so their is no bashers like on Stockhouse.

http://www.mexicomike.ca/php/phpBB2/viewtopic.php?t=14906&postdays=0&postorder=&start=0

[Talldude]

Thank you Mudbone. Here're more +'s:

http://finance.yahoo.com/news/scorpio-gold-produces-10-769-120000161.html

Production in Q2 totalled 10,769 ounces of gold and 4,379 ounces of silver for year-over-year increases of 45.6% and 49.5%, respectively, from 2012. Total gold production for the first half of 2013 now stands at 18,180 ounces. The Company's 2013 production forecast remains unchanged at 32,000 to 35,000 ounces of gold

Great news for this non-headline grabber Nevada producer vis a vis its at its 70% owned Mineral Ridge project, Nevada.

[MUDbone1]

New July presentation. Shows over 10,000 ounces produced in Q2, 18,180 ounces produced H1 2013, minus 7411 ounces Q1 equals 10,769 ounces for Q2.

"June 2013 Production exceeds forecast with 18,180 oz. gold
produced in H1 2013"

[Talldude]

17.RC.Holes.Reported.by.includes:Scorpio Gold Intersects 1.76 g/t Gold over 10.67 Meters and Continues to Extend the Mary/LC Zone at the Mineral Ridge Operation, Nevada

Press Release: MINING DRILLING RESULTS – 3PM EDT
SGN.V $0.21
SRCRF.V $0.20

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 8, 2013) - Scorpio Gold Corporation (TSX VENTURE:SGN) ("Scorpio Gold" or the "Company") announces additional drill results from its 2013 drilling program, which targeted undrilled areas in the vicinity of the proposed Mary LC Zone super pit at the 70% owned Mineral Ridge project, Nevada.


As reported in the Company's June 5, 2013 news release, the purpose of the current program is to target undrilled areas within the Mary LC super pit design in order to: determine if mineralization exists, tighten up drill hole spacing for resource estimation, and follow up on mineralized trends either below the proposed pit shell floor or outside of the existing cone boundary.

Results to date continue to be highly encouraging, including intersections of
1.76 g/t over 10.67 meters,
1.09 g/t over 10.67 meters and
3.22 g/t over 6.10 meters.

These results were obtained in three holes located at the southeastern margin of the Mary LC area, with the zone remaining open to the southeast and to depth.

Mineralization continues to be intersected where expected, indicating good consistency with the wire frame models employed. Each successful drill hole intercept is converting previously deemed waste material into mineralization, potentially adding to the resource base and increasing confidence levels.

The holes presented in Table 1 were drilled in previously deemed waste areas and/or where little to no previous drilling had been performed. A 0.40 g/t cutoff grade has been applied.

[chart here]

All holes presented in Table 1 were completed by reverse circulation (RC) drilling.

True width is estimated at 90-100% of downhole width.

Analytical results were performed by American Assay Laboratory Inc. ("AAL") in Sparks, Nevada, USA. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation.

AAL participates in a number of testing and certification programs, details of which are presented in the Company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project at: www.scorpiogold.com/i/pdf/reports/QAQC-MR.pdf .

External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited laboratory.

Drill hole locations may be viewed on the Company's website at:

www.scorpiogold.com/i/maps/mr/MaryLC_DHplan2.jpg

[Belgie24]

The company is doing great, performing beautifully. The problem is folks think the gold bull market is over, and producers can't make a profit at $1000-1200 per oz gold.

Take a look at any junior, they are all getting crushed.

This too shall pass, and Scorpio Gold will be high on the list of survivors.

This is NOT the time to abandon ship. IMO

[Talldude]

Must have been a ho-hum Annual Mtg from the action in the stock today and the ho-hum press release below:

Jun 25, 2013
Scorpio Gold Reports Results of Annual & Special Meeting

Vancouver, June 25, 2013 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) announces the re-election of Peter J. Hawley, Brian Lock, Luc Pelchat, David W. Smalley and Andrew Lee Smith as directors of the Company at the Company's annual and special meeting of shareholders held on June 25, 2013.

At the meeting, the Company's shareholders also approved the renewal of the Company's stock option plan and the adoption of the advance notice policy for director nominations, as set out in the Company's management information circular dated May 21, 2013.

ON BEHALF OF THE BOARD
SCORPIO GOLD CORPORATION

Peter J. Hawley,
CEO

For further information contact:
Steve Roebuck Tel: [phone]
Email: [e-mail]

Investor Relations:
Jim Macdonald, Torrey Hills Capital
Tel: [phone]
Email: [e-mail]

Website: www.scorpiogold.com

Today was brutal in the precious metals sector. These microcap shares were not spared either.

[Belgie24]

Personal attacks will not be allowed on this board. Be civil. The previous post has been removed, by me.

[Talldude]

Reminder: 6.25 Annual mtg this week.vol.based,tradable.mvmt possible.

[Talldude]

For Hard Copies of Financial Statements.+ MDA instead of relying upon memory to go to SEDAR and hunt them down, here is a link via .pdf reader to submit an actual hardcopy request to Scorpio for next calendar year.

Fill Out, then Mail

[Talldude]

2013.SCORPIO.GOLD.CORP.Annual.And.Special.Meeting.of.Stockholders

Important Notice Regarding the Availability of Proxy Materials
for the Shareholder Meeting

2013 SCORPIO GOLD CORPORATION Annual And Special Meeting of Stockholders

MEETING DATE: June 25, 2013
For Holders as of: May 21, 2013
CUSIP NUMBER: 80918M104

ACCOUNT NUMBER: *****

CONTROL NUMBER: xxxxxxxxxxxx

You can enter your voting instructions and view the shareholder material
at the following Internet site:


http://www.proxyvote.com/xxxxxxxxxxxx


For our secure site:

https://www.proxyvote.com/xxxxxxxxxxxx

Note: If your E-mail software supports it, you can simply click on the
above link.

Internet voting is accepted up to 11:59 p.m. (ET) the day before the
meeting/cut off date.

To view the documents below, you may need the Adobe Acrobat Reader.
The relevant supporting documentations can also be found at the
following Internet site(s):

Information Circular

It is my personal hope the current BOD gets a vote of confidence at this meeting. They are producing, AND still exploring PLUS FINDING!!!!!!!!! and ADDING!!!!!!!

[Talldude]

Scorpio.Gold.Intersects.. 5.17.. g/t.gold.over...21.34...meters.and.extends. Mary/LC.Zone.at the Mineral Ridge Operation, Nevada
8:02a ET June 5, 2013 (Market Wire)

Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE: SGN) announces initial drill results from its 2013 drilling program, which targeted undrilled areas in the vicinity of the proposed Mary LC Zone super pit at the 70% owned Mineral Ridge project, Nevada.

Prior to this drilling campaign, drill results for the Mary LC area were incorporated into an in-house wire frame resource block model, which formed the basis of the proposed new Mary LC super pit design using floating cone methodology and economic parameters based on current operating costs. Within this pit design, areas that were not drilled due to topographic challenges, or which contained drill spacing deemed too wide for resource determination, or which extended outside of the floating cone boundary, were treated as waste with zero grade. The purpose of the current 2013 drill program is to target these areas to determine if mineralization exists; to tighten up drill hole spacing for resource estimation; and to follow up on mineralized trends either below the proposed pit shell floor or outside of the existing cone boundary.

The results to date are highly encouraging, including intersections of 5.17 g/t over 21.34 meters; 1.53 g/t over 12.19 meters; and a high-grade intersection of 15.09 g/t over 1.52 meters. These results were obtained in three holes located at the southeastern margin of the Mary LC area, with the zone remaining open to the southeast and to depth.

As part of the planning for this drill program, the trends of the various mineralized wire frames were projected into the undrilled areas to guide targeting and to determine if the trends are consistent. Results to date indicate good consistency, with mineralization intersected where expected. It is important to note that every successful drill hole intercept converts previously deemed waste material into mineralization, potentially adding to the resource base and increasing confidence levels.

Scorpio Gold's drilling to date has determined that the Drinkwater Highwall, Drinkwater, Mary and Mary LC zones represent one continuous zone of mineralization. The holes presented in Table 1 were drilled in previously deemed waste areas and/or where little to no previous drilling had been performed. A 40 g/t cutoff grade has been applied. Drill hole locations may be viewed on the Company's website at: www.scorpiogold.com/i/maps/mr/MaryLC_DHplan2.jpg.


Table 1. Mary/LC Zone - Significant Drill Results
----------------------------------------------------------------------------
Hole Azm Dip From To Width From To Width Gold Gold
No. (deg) (deg) (ft) (ft) (ft) (m) (m) (m) (OPT) (g/t)
----------------------------------------------------------------------------
MR13520 0 -90 165 205 40 50.29 62.48 12.19 0.022 0.74
----------------------------------------------------------------------------
MR13521 225 -60 165 175 10 50.29 53.34 3.05 0.059 2.02
----------------------------------------------------------------------------
MR13522 0 -90 50 55 5 15.24 16.76 1.52 0.015 0.51
----------------------------------------------------------------------------
MR13523 225 -50 No Significant Results
----------------------------------------------------------------------------
MR13524 0 -90 145 155 10 44.20 47.24 3.05 0.015 0.55
----------------------------------------------------------------------------
MR13525 0 -90 40 45 10 12.19 13.72 1.52 0.018 0.62
----------------------------------------------------------------------------
55 60 5 16.76 18.29 1.52 0.025 0.86
----------------------------------------------------------------------------
90 100 10 27.43 30.48 3.05 0.016 0.53
----------------------------------------------------------------------------
MR13526 225 -50 55 60 5 16.76 18.29 1.52 0.021 0.72
----------------------------------------------------------------------------
MR13527 0 -90 25 30 5 7.62 9.14 1.52 0.012 0.41
----------------------------------------------------------------------------
140 145 5 42.67 44.20 1.52 0.723 24.79
----------------------------------------------------------------------------
MR13528 225 -50 30 45 15 9.14 13.72 4.57 0.198 6.78
----------------------------------------------------------------------------
MR13529 0 -90 No Significant Results
----------------------------------------------------------------------------
MR13530 0 -90 Results Pending
----------------------------------------------------------------------------
MR13531 225 -55 Results Pending
----------------------------------------------------------------------------
MR13532 0 -90 Results Pending
----------------------------------------------------------------------------
MR13533 195 -50 30 35 5 9.14 10.67 1.52 0.013 0.54
----------------------------------------------------------------------------
70 75 5 31.34 22.86 1.52 0.014 0.48
----------------------------------------------------------------------------
110 115 5 33.53 35.05 1.52 0.019 0.65
----------------------------------------------------------------------------
270 280 10 82.30 85.34 3.05 0.016 0.55
----------------------------------------------------------------------------
MR13534 0 -90 Results Pending
----------------------------------------------------------------------------
MR13535 225 -55 0 10 10 0 3.05 3.05 0.034 1.15
----------------------------------------------------------------------------
MR13536 225 -60 0 5 5 0 1.52 1.52 0.014 0.48
----------------------------------------------------------------------------
MR13537 0 -90 40 50 10 12.19 15.24 3.05 0.056 1.90
----------------------------------------------------------------------------
MR13538 0 -90 50 55 5 15.24 16.76 1.52 0.034 1.17
----------------------------------------------------------------------------
65 105 40 19.81 32.00 12.19 0.045 1.53
----------------------------------------------------------------------------
MR13539 0 -90 55 60 5 16.76 18.29 1.52 0.014 0.48
----------------------------------------------------------------------------
MR13540 0 -90 15 20 5 4.57 6.10 1.52 0.022 0.75
----------------------------------------------------------------------------
60 65 5 18.29 19.81 1.52 0.119 4.08
----------------------------------------------------------------------------
95 100 5 28.96 30.48 1.52 0.44 15.09
----------------------------------------------------------------------------
MR13541 0 -90 25 45 20 7.62 13.72 6.10 0.015 0.51
----------------------------------------------------------------------------
200 205 5 60.96 62.48 1.52 0.098 3.36
----------------------------------------------------------------------------
MR13542 0 -90 25 95 70 7.62 28.96 21.34 0.151 5.17
----------------------------------------------------------------------------
115 120 5 35.05 36.58 1.52 0.017 0.58
----------------------------------------------------------------------------



All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 90-100% of downhole width. Analytical results were performed by American Assay Laboratory Inc. ("AAL") in Sparks, Nevada, USA. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation. AAL participates in a number of testing and certification programs, details of which are presented in the Company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project at: www.scorpiogold.com/i/pdf/reports/QAQC-MR.pdf. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000 certified and ISO/IEC 17025:2005 accredited laboratory.

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 Waterton Global Value L.P. (30%), and is currently entitled to receive 80% of cash flow generated. 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 bodies at exploration, development and production stages. Scorpio Gold recently acquired the Goldwedge advanced exploration-stage property and processing facility in Manhattan, Nevada, and the Pinon advanced exploration-stage gold property near Carlin, Nevada. The Company is assessing its exploration plans for these properties as well as the potential for toll milling at the Goldwedge plant, which is currently permitted for 400 tons per day.

Scorpio Gold's CEO, Peter J. Hawley, PGeo, is a Qualified Person for the Mineral Ridge project and has reviewed and approved the content of this release. For additional information please see the Company's website at www.scorpiogold.com.

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Peter J. Hawley, CEO

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 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, development and exploitation of its Mineral Ridge project. 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 such as delays related to completion of mineral resource estimates, 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 guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.

Neither TSX Venture Exchange nor its Regulation 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.


Contacts:
Scorpio Gold Corporation
Steve Roebuck, President
[phone]
[e-mail]
www.scorpiogold.com

Torrey Hills Capital
Jim Macdonald, Investor Relations
[phone]
[e-mail]

-------------------------------------------------
SOURCE: Scorpio Gold Corporation


mailto:[e-mail]
http://www.scorpiogold.com
mailto:[e-mail]

[Talldude]

2.4mil Stock Options authorized: $0.275

Scorpio Gold Grants Incentive Stock Options
2:05p ET June 7, 2013 (Market Wire)

Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE: SGN) has granted a total of 2,545,000 incentive stock options to directors, officers, consultants and employees, exercisable at a price of $0.275 per share for a period of ten (10) years.

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 Waterton Global Value L.P. (30%), and is currently entitled to receive 80% of cash flow generated. 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 bodies at exploration, development and production stages. Scorpio Gold recently acquired the Goldwedge advanced exploration-stage property and processing facility in Manhattan, Nevada, and the Pinon advanced exploration-stage gold property near Carlin, Nevada. The Company is assessing its exploration plans for these properties as well as the potential for toll milling at the Goldwedge plant, which is currently permitted for 400 tons per day.

Scorpio Gold's CEO, Peter J. Hawley, PGeo, is a Qualified Person for the Company's projects and has reviewed and approved the content of this release.

ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Peter J. Hawley, CEO

Neither TSX Venture Exchange nor its Regulation 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.


Contacts:
Scorpio Gold Corporation
Steve Roebuck, President
[phone]
[phone] (FAX)
[e-mail]
www.scorpiogold.com

Torrey Hills Capital
Jim Macdonald, Investor Relations
[phone]
[e-mail]
=====================================
SOURCE: Scorpio Gold Corporation

mailto:[e-mail]
http://www.scorpiogold.com
mailto:[e-mail]

[starboy]

CymorStockPicks: Scorpio Mining (SPM:TSX) – A Cash Cow at a Great Price

http://www.munknee.com/2013/05/cymorstockpicks-scorpio-mining-spmtsx-a-cash-cow-at-a-great-price/

Scorpio continues with good news and as production continues to improve andsilver increase, and with the price of silver beginning to stabilize with upward pressure, now is the time to add or continue to hold Scorpio in your portfolio. The company is a “cash cow” and is great value at the current price.

So writes Larry Cyna (www.Cymorfund.com) in edited excerpts from his 2 original articles as posted under the titles Cymor Stock Picks – Scorpio Mining Corporation (SPM)* and CymorStockPicks: Buy Scorpio (SPM) - Updated from Feb 8/13**. Comments or questions are welcome. Email Larry at [e-mail]
[The following article is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]

Cyna goes on to say in further edited excerpts:

*Scorpio Mining Corporation (SPM:TSX) is an exploration and mining company (primarily silver) listed on the Toronto Stock Exchange, with operations in central Mexico including a producing mine – the Nuestra Senora Mine company – and a number of excellent prospects.

At a cut-off of 60 g/t, the 2012 43-101 resource estimate showed an average value (net of equivalents – being the value of other minerals realized in the operations) of 180 g/t silver or roughly $155 of silver in each ton of rock. This is very valuable. The resource showed roughly 2,400,000 tonnes of Silver and Silver Equivalent in Measured and Indicated and an additional almost equal amount in Inferred Resources. This is a major deposit, and proper mining operations should yield a very profitable company.

Company Turnaround

The company was not managed to its potential after the resource and mine were established, with costs being too high, and silver recovery being too low. Efforts were slow to confirm an expanded resource and other nearby potential resources on lands owned or controlled by the company.

The company, recognizing that it had to correct matters, went through a number of publicized changes and, most recently, changed its CEO, reinstalling one of the founders (Peter Hawley) as “Interim” CEO. Upon his re-appointment changes were implemented and a significant effort was put into straightening out the mining operations resulting in vastly improved metal recovery and a significant decrease in the cost per ounce of silver produced. Cash flow was also utilized to explore and put into production excellent additional resources already owned by the company. One of those other resources is expected to actually go into production this year, which should result in a substantial increase in metal production.

Most Recent Financials

Looking at the most recent published financials, Scorpio Mining announced the results of its 3rd quarter operations (3 months) with both a positive cash flow and an EBITDA of approximately $2,800,000. This is a significant improvement over previous periods, and the company boldly states that operations will continue to be improved. On an annualized basis, even at this level, this is a cash cow with an expected annual cash flow exceeding $11,000,000 – but the story gets much better.

Major Potential

Scorpio Mining is a major land holder in the Cosalá district with holdings of approximately 26,819 hectares spanning an area of approximately 23 km x 19 km. The land position covers numerous exploration targets, advanced deposits and historically producing mines. This is a very significant land position, with exploration potential and previously producing mines, that should yield new resources for many years to come. Mining companies are valued on a mix of their resources and their cash flow. As Scorpio Mining’s resources expand, so will its valuation.

What is more immediately significant is the commencement of mining at the El Cajón property which should result in a substantial increase in throughput and a corresponding increase in the amount of ore that it processes as a result. This company is poised for a major improvement but the improvements and changes will not be easily recognized by the market. Once disappointed, investors are sometime slow to return. As such, the stock may not recognize these changes until results are published for a further number of quarters yet, for patient investors, the value seems to be very evident.

[Talldude]

Heavy volume pushing on the Scorpio string. That be a fact. Double down on this producer is an employable accumulation / add-on strategy.

[Talldude]

Update FYI, Belgie. I'm in. Let'er rip. Very good risk / reward in this thinly traded NV producer. Happy camper here. Took awhile to accumulate my initial position. Will be adding as things continue to develop, newswise.

Keep us posted if you get "toll refining contract" news, k?

Have a great weekend.

[starboy]

Scorpio Gold

Quotes are here,

http://finance.yahoo.com/q?s=sgn.v

and here.

http://www.otcmarkets.com/stock/SRCRF/quote

[Belgie24]

Hi Mike, I'll get you the costs on Goldwedge/Pinon a little later today. I know how to get it fairly quickly.

Meantime SGN.V on the Canadian Venture exchange is where almost all the volume takes place. So far 485,000 shares traded. I get my quote through Schwab.com, when I put in SRCRF, it gives me the SGN quote and volume adjusted for the currency difference between the US and Canadian dollar. Right now bid is .3428 and ask is .369 on SRCRF.

Here's a currency calculator I use:

http://www.xe.com/currencyconverter/convert/?Amount=1.00&From=CAD&To=USD

It's a little funky to have to convert but I guess I'm used to it now.

[Talldude]

RE: acquisition costs of Royal, INCLUDING the processing facilites appears to be in the neighborhood of C$16.5mil.

Looks as if that is in the ballpark of what these type facilities when they can be found, are bringing currently.

[Talldude]

Thanks, Dave for the welcome. And yes, I saw the potential for toll milling vis a vis Goldwedge acquisition. Do you recall what SGN paid for Goldwedge? Would save me some time hunting down SEDAR filings if you know off the top of your head...

Also, please advise as to your way of keeping intereactive RT tracking of current volume? It is NOT showing up on the US SRCRF symbol, so I suspect you are tracking some site R.T. up on the Canadian Side?

I see the 8c move higher today, but I can't see the volume. My DAY open order is languishing unfilled.

Hope you have a link for me.

Thanks again. Mike.

[Belgie24]

A pleasure to have you on the board, sir. I truly believe this undervalued company is a gem. Something may be happening today, as we speak, the price spiked on heavy volume in the last hour. I'm waiting for them to announce a toll milling contract at Goldwedge, which should be quite profitable for Scorpio Gold.

And yes, I was and remain a true admirer of Zeev Hed. He was a one of a kind genius, and willing to share his expertise with anyone.

Again, welcome and regards, Dave

[Talldude]

Scorpio Gold Announces First Quarter 2013 Operating Results for the Mineral Ridge Project, Nevada

Marketwired Press Release:
MINING EXPLORATION UPDATE – Mon, Apr 15, 2013 6:00 AM EDT

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VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2013) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) announces its operating results for the first quarter of 2013 ("Q1") at its 70% owned Mineral Ridge project, Nevada.

Production in Q1 from the Drinkwater and Mary pits totalled 7,411 ounces of gold and 2,740 ounces of silver. The Company's 2013 production forecast remains unchanged at 32,000 to 35,000 ounces of gold at a total cash cost of US$800 to US$900 per ounce of gold sold (see February 7, 2013 news release).

Peter J. Hawley, CEO reports,

"The Company's Q1 operating results demonstrate a 33% increase in ore tonnes mined from the Drinkwater Pit compared to Q1 2012, and a continued increase in quarterly production from the developing Mary Pit. Recent key improvements to the Mineral Ridge operation include increased production capacity in the pits and a new crushing facility with multiple design improvements that is just weeks away from commissioning and will increase crusher throughput. In addition, a new water well on site is delivering an extra 150 gallon per minute to the leach pad, which is expected to accelerate the leaching process and delivery of gold and silver bearing solution to the ADR plant."

Key Operating Statistics

Q1 2013 Q1 2012 % Change
Mining operations
Drinkwater pit
Ore tonnes mined 163,542 122,995 33 %
Waste tonnes mined 613,066 656,770 -6.7 %
Total mined 776,608 779,765 -0.4 %

Mary pit (in development)
Ore tonnes mined 34,941 - N/A
Waste tonnes mined 327,015 280,205 16.7 %
Total mined 361,956 280,205 29.2 %

Processing
Tonnes processed 205,846 126,668 62.5 %
Gold head grade (g/t) 2.42 2.34 3.4 %
Ounces produced(1)
Gold 7,411 7,197 3.0 %
Silver 2,740 3,174 -13.7 %
Throughput (tonnes per day) 2,745 1,667 64.7 %
Recoverable gold (ounces) placed on pad 10,401 6,193 68 %

(1) Although tonnes processed in Q1 2013 increased by 62.5% over Q1 2012, precious metals produced in Q1 2013 do not show corresponding increases. This is due to the sale of loaded carbon in Q4 2012 to Waterton Global Value L.P. ("Waterton"), which increased reported gold production in Q4. The loaded carbon, which accounts for 1,878 ounces of gold and 759 ounces of silver, was otherwise scheduled for processing in Q1 2013. Waterton is a joint venture partner and secured creditor of the Company and has certain rights to purchase gold and silver produced by the Company.

Scorpio Gold's CEO, Peter Hawley, and President, Steve Roebuck, will be attending the European Gold Forum held at the Park Hyatt, Zurich, Switzerland from April 16-18, 2013. Mr. Roebuck looks forward to meeting shareholders and interested parties; further information is available at: www.europeangoldforum.org/egf13


About Scorpio Gold Corporation

Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation located in Esmeralda County, Nevada with joint venture partner Waterton Global Value L.P. (30%), and is entitled to receive 80% of cash flow generated.

Mineral Ridge is currently in production as a conventional open pit mining and heap leach operation. The property is host to multiple gold-bearing structures, veins and bodies at exploration, development and production stages.

Scorpio Gold recently acquired the Goldwedge advanced exploration - stage property and processing facility in Manhattan, Nevada, and the Pinon advanced exploration-stage gold property near Carlin, Nevada.

The Company is assessing its exploration plans for these properties as well as the potential for toll milling at the 500 ton per day Goldwedge plant.

Scorpio Gold's CEO, Peter J. Hawley, P.Geo., is a Qualified Person for the Mineral Ridge operation and has reviewed and approved the content of this release.

For additional information, please see the Company's website at www.scorpiogold.com

[Talldude]

People who do not understand mining undoubtedly have sold the shares down to this level upon the release of this 1Q13 production report.

There are tax advantages to selling loaded carbon, both to the producer of as well as to the joint ventur & secured creditor partner.

Again, Smart business. VERRRY SMART!

[Talldude]

Positive 1Q13 production report released on the 24th. I was especially pleased to see that their partner was paid w/loaded Carbon instead of incurring additional CASH costs of refining then transport of final gold bar product. That's smart business on the part of Scorpio's management team.

See footnote 1) in the 4.24.2013 Production Report press release which follows.

I'm impressed.

[Talldude]

This little discussed producer recently caught my eye.

Nice to see a board already following SGN.V (Canada) SRCRF (US)

Thanks, BELGIE24!!

PS...Very nice to see you also are in the camp of Zeev Hed admirers & followers! Sure miss him!

[Belgie24]

European Gold Forum 2013

Apr 16-18, 2013

Park Hyatt, Zurich

Link: http://www.europeangoldforum.org/egf13/

http://www.scorpiogold.com/s/events_articles.asp

[Belgie24]

Stock is acting somewhat better this week, perhaps the bottom is in. Should be some interesting news coming on toll mining at Goldwedge soon.

[Belgie24]

Updated presentation on Scorpio Gold website:

http://www.scorpiogold.com/i/pdf/ppt/CorporatePresentation.pdf

Of interest on page 7:

Some Major Shareholders:
•Wexford
•Gabelli
•Tocqueville
•Ingalls
•Schmeidler
•O-Cap
•Sentry Select
•Sprott
•TD Institutional
•Libra
•RBC
•Mackenzie

Continued mention of toll milling at Goldwedge, discussions with clients underway.

[Belgie24]

We have an updated presentation to the updated presentation on the Scorpio Gold website:

http://www.scorpiogold.com/s/presentations.asp

Some new keys: new claims have been filed recently at Mineral Ridge, page 16 10,176 acres and expanding!

Confirmation of toll milling discussions at Goldwedge with several groups, while building the Goldwedge resource at the same time, see page 19.

New Pinon plan for expanded drilling, see page 22.

All systems go!

[Belgie24]

Scorpio Gold delivers on production in Q4, 10,598 oz of gold produced! Keep it going in 2013.

Scorpio Gold Announces Fourth Quarter 2012 Preliminary Operating Results for the Mineral Ridge Project, Nevada

Vancouver, January 16, 2013 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) today announced its preliminary operating results for the fourth quarter of 2012 ("Q4") at its 70% owned Mineral Ridge project, Nevada.

Peter J. Hawley, CEO reports; "The Company continued to ramp up operations and track positively in Q4 with the strongest quarterly performance to date at Mineral Ridge. Ore production from the Drinkwater pit remained close to static while waste removal decreased by 18% compared to third quarter 2012 ("Q3"). Ore production from the start-up Mary pit increased by 73% compared to Q3. Gold head grade processed in Q4 increased by 27%, while ounces produced increased 59% and gold ounces sold increased 25% compared to Q3.

In its first year of declared commercial production the Company produced a total of 31,852 ounces of gold. We are continuing with an aggressive growth strategy both internally and by acquisition. During Q4, the Scorpio Gold completed its acquisition of the Goldwedge gold property and milling facility located in Manhattan, Nevada, and the Pinon gold property located near Carlin, Nevada, from Royal Standard Minerals."

http://www.scorpiogold.com/s/news.asp?ReportID=565472

[Belgie24]

Newly updated presentation on Scorpio Gold website:

http://www.scorpiogold.com/i/pdf/ppt/CorporatePresentation.pdf

Lots of encouraging information and room to expand, IMO.

[Belgie24]

Scorpio Gold to present at Vancouver conference this month:

Vancouver Resource Investment Conference 2013

January 20-21, 2013

Scorpio Gold Corporation will be exhibiting at Booth 1143 - Vancouver Convention Centre

Link: http://cambridgehouse.com/event/vancouver-resource-investment-conference-1

http://www.scorpiogold.com/s/events_articles.asp

[Belgie24]

Scorpio Gold completes acquisition of Goldwedge and Pinon. Some interesting things in the PR. Scorpio assumes $16 million in debt to Waterton but at a very favorable 8% interest rate. Also talk of toll milling at Goldwedge. And the royalties due Waterton were reworked more favorably towards Scorpio, in exchange for issuing 7.5 million shares of SGN to Waterton.

Now on to the mining and milling.

http://www.scorpiogold.com/s/news.asp?ReportID=562835

[Belgie24]

Peter Brieger appears on BNN, naming Scorpio Gold as a top pick again, target $1.50. Says they will get a new mill out of the acquisitions, something they need and want. Now why would they need and want a mill unless they have high grade to mill, not leach? ggg

http://www.bnn.ca/Shows/Market-Call-Tonight.aspx

[Belgie24]

I'd say we have ignition - volume 478,000 in 12 minutes, price up to .60. New acquisitions about to close?

[Belgie24]

Royal Standard shareholders approve sale of Goldwedge and Pinon to Scorpio Gold.

On to closing!

http://finance.yahoo.com/news/royal-standard-announces-shareholder-approval-155121633.html

Scorpio stock price breaking to the upside.

[Belgie24]

Scorpio Gold Provides Update for the Mineral Ridge Operation

Vancouver, November 26, 2012 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) announces additional drill results from its 2012 drilling program on the Drinkwater Highwall Zone; provides an update on advancing the exploration of its satellite deposits; and reports on a new discovery of high-grade gold and silver mineralization at the 70% owned Mineral Ridge project, Nevada.

Satellite Deposit Update

Telesto Nevada Inc. (Telesto) has completed block modelling and open pit design and optimization for the satellite Brodie, Bluelite, Wedge, Oromonte and Solberry deposits at Mineral Ridge. Following review of the data, Scorpio Gold has commissioned Telesto to proceed with a NI 43-101 compliant mineral resource estimate. Telesto has set a target date of mid-Q1 2013 for completion of the estimate.

Telesto's block modelling of the satellite deposits utilized 10-foot bench composites as the data source and a maximum search range of 80 feet. A cap of 0.25 ounces per ton (OPT) gold was applied to the models. Cut-off grades and economic parameters were based on AMEC's Life of Mine Plan Study dated July 15, 2012 (see October 1, 2012 news release), and a US$1,500 per ounce gold price. Based on these parameters, floating open-pit cones were draped over each deposit using an overall pit slope of 49 degrees. The pit shells produced in the analysis are currently being reviewed by the Company, with certain deposits intended to be the subject of aggressive drilling in 2013 to facilitate mine planning for open pit extraction. All of the satellite deposits lie to the west and southwest of the Drinkwater Pit and are situated within 400 metres of the leach pad.

continued at:

http://www.scorpiogold.com/s/news.asp?ReportID=558850

[Belgie24]

Royal Standard has a 6K posted. They are having a shareholder vote on November 28th to vote on the sale to Scorpio. It states that if it doesn't pass, the likely alternative is insolvency.

http://www.nasdaq.com/symbol/rysmf/sec-filings

[Belgie24]

From the summary on page 33 of the presentation:

Goal to be a mid-tier gold producer within 3 years