Scorpio Gold Corp. (SRCRF)

[Belgie24]

Scorpio Gold Provides Operations Update at the Mineral Ridge Project, Nevada

Vancouver, July 18, 2011 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) is pleased to announce that since start-up of operations at the 70% owned Mineral Ridge gold deposit, Nevada, precious metals sales from its production of gold and silver in loaded carbon now total 1,472 ounces of gold and 790 ounces of silver to Waterton Global Resource Management, as per its sales agreement. The Company's production shipments of loaded carbon now total 28.67 tons containing an estimated 2,550 ounces of gold and 1,500 ounces of silver. Scorpio Gold currently has additional precious metals available for sale and will continue to monitor gold and silver markets to take maximum advantage of rising metal prices.

During the month of June, the final 260,000 tons of mineralized material left on the leach pad by the previous operator was reprocessed and re-placed on the leach pad and is currently under leach. Mineralized material mined from the Drinkwater pit during the month totalled 22,704 tons with an average grade of 0.066 ounces per ton (opt) gold. Waste material mined during the month totalled 309,000 tons. A large portion of the material delivered to the crusher was from pit clean-up of blasted material from previous operators.

Initial evaluation of the material in the bottom of the Wedge B open pit has identified gold values of interest. Ripping by a D-6 bulldozer of the bottom of the pit has allowed for grab sampling over the entire 5,900-sq. metre exposed area, with 40 samples collected (Table 1). The Company is now in the process of excavating six trenches across the mineralized area to determine its thickness and if the material warrants excavation for crushing and leaching.

Continued at:

http://www.scorpiogold.com/s/news.asp?ReportID=467514