Replies to post #247 on Scorpio Gold Corp. (SRCRF)

[Talldude]

Update PR: SOLDBERRY.SATELLITE.DEPOSIT (Mineral.Ridge.Project)

Scorpio Gold Intersects 12.15 g/t Over 19.81 Meters at the Solberry Satellite Deposit, Mineral Ridge Project, Nevada

Press Release: MINING EXPLORATION UPDATE – 9AM EDT Mon 6.16.2014
Good Looking 12.14g/t over 19.81 Meters

Update as promised and on-time release, as in the May 2014 Mine Tour YouTube vids in prior post by MUDbone1


VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 16, 2014) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE:SGN) reports additional results from its 2014 drilling program at the 70% owned Mineral Ridge project, located in Nevada. The Solberry deposit lies west of the currently producing Drinkwater and Mary pits and 600 meters northwest of the heap leach pad.

Pre-2013 RC drilling on the Solberry deposit outlined a small shallow resource based upon a floating cone pit shell (as reported in the Company's August 16, 2013 news release). Follow-up infill drilling was conducted in 2013 within the mineralized wireframe envelope modelled by Telesto, which extended east-southeast of the pit shell outline. Drilling in 2014 is targeting the extension of mineralization into untested ground outside of the current pit shell outline and southeast toward the Oromonte deposit. The 2014 drill program is designed to potentially expand and enhance the confidence level of the current resource.

In addition to the ongoing RC drilling campaign, the Company has commenced a property wide 14 hole 2,000 meter HQ diameter oriented core drilling program. The purpose of collecting this data is to better understand the preserved lithology and structural geology as well as the styles and controls to mineralization. Two oriented core holes, MR14985 and MR14986, were recently drilled proximal to RC-hole MR14929 (Table 1), providing the site exploration team with valuable detailed geological data in an area of high-grade mineralization. Assay results from these cored holes are pending. Results from the oriented core drilling program will greatly assist in guiding continued exploration on the Mineral Ridge property.

Highlights from this phase of RC drilling on the Solberry deposit include:

MR14783: 3.26 grams per tonne ("g/t") gold over 4.57 meters

A drill hole location map is available at: Drill Hole Location Map

Table 1. Solberry Deposit - 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)
MR14776 0 -90 No Significant Results
MR14777 0 -90 75 90 15 22.86 27.43 4.57 0.013 0.45
MR14778 0 -90 0 10 10 0.00 3.05 3.05 0.032 1.08



90 100 10 27.43 30.48 3.05 0.015 0.51
MR14780 0 -90 25 35 15 7.62 10.67 3.05 0.032 1.10
MR14783 0 -90 35 50 15 10.67 15.24 4.57 0.095 3.26
MR14798 0 -90 No Significant Results
MR14799 0 -90 No Significant Results
MR14800 0 -90 0 5 5 0.00 1.52 1.52 0.014 0.48



45 50 5 13.72 15.24 1.52 0.031 1.08
MR14801 0 -90 50 60 10 15.24 18.29 3.05 0.025 0.86
MR14802 0 -90 170 175 5 51.82 53.34 1.52 0.026 0.89
MR14803 0 -90 No Significant Results
MR14804 0 -90 20 30 10 6.10 9.14 3.05 0.023 0.80
MR14805 0 -90 No Significant Results
MR14806 0 -90 No Significant Results
MR14807 0 -90 65 70 5 19.81 21.34 1.52 0.019 0.67
MR14808 0 -90 190 195 5 57.91 59.44 1.52 0.013 0.45



200 205 5 60.96 62.48 1.52 0.025 0.86
MR14809 0 -90 315 320 5 96.01 97.54 1.52 0.068 2.33
MR14810 0 -90 160 175 15 48.77 53.34 4.57 0.017 0.58
MR14811 0 -90 390 400 10 118.87 121.92 3.05 0.013 0.45
MR14812 0 -90 655 660 5 199.64 201.17 1.52 0.021 0.72
MR14813 0 -90 40 50 10 12.19 15.24 3.05 0.017 0.57



195 200 5 59.44 60.96 1.52 0.015 0.52



300 305 5 91.44 92.96 1.52 0.015 0.50
MR14814 0 -90 45 50 5 13.72 15.24 1.52 0.020 0.67



180 185 5 54.86 56.39 1.52 0.012 0.40



195 200 5 59.44 60.96 1.52 0.010 0.35



320 325 5 97.54 99.06 1.52 0.020 0.69



340 355 15 103.63 108.20 4.57 0.025 0.84



400 405 5 121.92 123.44 1.52 0.077 2.65
MR14815 0 -90 35 45 10 10.67 13.72 3.05 0.571 19.58
MR14816 0 -90 10 15 5 3.05 4.57 1.52 0.011 0.38



575 580 5 175.26 176.78 1.52 0.012 0.41
MR14817 0 -90 60 70 10 18.29 21.34 3.05 0.012 0.39



245 250 5 74.68 76.20 1.52 0.015 0.51



300 305 5 91.44 92.96 1.52 0.012 0.41



490 500 10 149.35 152.40 3.05 0.015 0.50
MR14818 0 -90 5 10 5 1.52 3.05 1.52 0.010 0.35



70 80 10 21.34 24.38 3.05 0.078 2.66



205 215 10 62.48 65.53 3.05 0.023 0.77



450 455 5 137.16 138.68 1.52 0.015 0.51
MR14819 0 -90 No Significant Results
MR14820 0 -90 180 185 5 54.86 56.39 1.52 0.012 0.41
MR14821 0 -90 545 550 5 166.12 167.64 1.52 0.010 0.34
MR14822 0 -90 No Significant Results
MR14823 0 -90 No Significant Results
MR14824 0 -90 No Significant Results
MR14825 0 -90 100 105 5 30.48 32.00 1.52 0.014 0.46



250 255 5 76.20 77.72 1.52 0.011 0.36
MR14826 0 -90 85 100 15 25.91 30.48 4.57 0.060 2.05



160 175 15 48.77 53.34 4.57 0.060 2.05
MR14827 0 -90 75 80 5 22.86 24.38 1.52 0.012 0.39
MR14828 0 -90 0 5 5 0.00 1.52 1.52 0.267 9.15



80 85 5 24.38 25.91 1.52 0.055 1.89
MR14829 0 -90 45 60 15 13.72 18.29 4.57 0.031 1.07
MR14830 0 -90 55 65 10 16.76 19.81 3.05 0.012 0.41
MR14924 0 -90 30 40 10 9.14 12.19 3.05 0.068 2.33
MR14925 0 -90 No Significant Results
MR14926 0 -90 115 125 10 35.05 38.10 3.05 0.035 1.20
MR14927 0 -90 15 20 5 4.57 6.10 1.52 0.030 1.03
MR14928 0 -90 No Significant Results
MR14929 0 -90 45 110 65 13.72 33.53 19.81 0.354 12.15
MR14970 0 -90 95 100 5 28.96 30.48 1.52 0.086 2.95
MR141001 0 -90 40 45 5 12.19 13.72 1.52 0.102 3.50

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 80-100% 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 routinely 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: www.scorpiogold.com/i/pdf/reports/QAQC-MR.pdf.

About Scorpio Gold (boilerplate)

Scorpio Gold's President, Steve Roebuck, PGeo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this release.