Scorpio Gold Corp. (SRCRF)

[Belgie24]

Scorpio Gold MD&A posted on SEDAR 11/17/2011. Here's the outlook from page 16, (very positive)

OUTLOOK
As the Company continues to ramp up mining and heap leach processing at the Mineral Ridge Project,
pre-production challenges continue to be overcome without sacrificing the quality of exploration and
development work. Mineral Ridge continues to meet all its targets as scheduled under operational plans
and as the gold bearing heap leach material continues to mature, the processing of gold continues to
increase and track positively. Currently, the Company has made its sixteenth shipment of gold loaded
carbon from the Mineral Ridge project to be custom processed and then refined for sale. Mining officially
began on May 31st, 2011 with 22,700 tons of newly mined mineralized material grading 0.066 ounces per
ton gold being mined and placed on the pad in June. From the initial mining start up in late May, a solid
base of stable mine production was reached on target in late August of this year and will continue to track
positively for the remainder of the year. The Company is presently completing the Mary Pit design for
incorporation into the mining operation with pre-development work scheduled to begin in mid-November
as previously scheduled. Once the Mary open pit is operational, the resulting mineralized material will
add to the material extracted from the current Drinkwater Pit mining and placed on the leach pads.
All permitting is in place for 2011 planned exploration drilling at Mineral Ridge with the Coyote area drill
exploration program completed (results announced), Solberry area completed (results announced), Brodie
area completed (results announced), Wedge B area completed (results announced) and with Chieftain
targets drilling just completed with assays pending Presently, the Company is performing in-fill and
exploration drilling in the Mary mineralization area in preparation for open pit mining start up.
The Company continues to advance on all fronts which include stable exploration, development and gold
production as it increases the rate of Mineral Ridge mining and the gold processing throughput.
The Company continues to seek new projects that will increase its asset base as well as enhance value for its
shareholders.

http://sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00024186