Scorpio Gold Reports 2.02 g/t Gold over 39.7m in Exploration Drilling at the Manhattan Mine Property, Nevada
2021年12月10日 - 7:29AM
Scorpio Gold Corporation (“Scorpio Gold” or the “Company”) (TSXV:
SGN) is pleased to provide an update of its surface RC drilling
program at the Manhattan West and East pits of 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 14 holes
were reported in the Company’s July 20, September 7 and November 2,
2021 news releases. Results for holes MWRC21-018 and MWRC21-019 are
presented in Table 1.
Drill holes MWRC21-018 and 019 were collared
near the northwestern edge of the West Pit and drilled in opposite
directions (Figure 2). MWRC21-018, drilled to the northeast,
intersected continuous mineralization from 27.5m to 220m downhole,
returning 2.02g/t gold over 39.7m (Table 1). MWRC21-019, drilled to
the southwest, intersected intermittent mineralization over 42m
from 78m to 120m down hole, consisting of multiple ~7m wide
stockwork mineralized sections separated by ~3m intervals of
unmineralized botryoidal to prismatic quartz. Further down hole at
144.4m, intersection of a mineralized southwesterly trending cross
structure returned 1.12 g/t gold over 6.1 m.
The mineralization noted in rock chips from the
39.7m zone in MWRC21-018 closely resembles that within the 6.1m
intersection in MWRC21-019, located ~140m downdip to the southeast.
A further ~120m down dip southeast, similar mineralization was
intersected in MWRC21-001, retuning 20.04 g/t gold over 15.3m (July
20, 2021 news release; Figure 2). A continuity of mineralization
between these holes is indicated over the ~260m downdip length with
an estimated width based on current and historical drilling of
~21m.
Table 1: Manhattan Mine
Drilling - 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 |
MWRC21-018 |
237 |
-45 |
90.0 |
220.0 |
130.0 |
0.059 |
27.5 |
67.1 |
39.7 |
2.03 |
|
|
305.0 |
310.0 |
5.0 |
0.025 |
93.0 |
94.6 |
1.5 |
0.86 |
|
|
325.0 |
340.0 |
15.0 |
0.024 |
99.1 |
103.7 |
4.6 |
0.81 |
|
MWRC21-019 |
60 |
-45 |
295.0 |
350.0 |
55.0 |
0.017 |
90.0 |
106.8 |
16.8 |
0.57 |
|
|
375.0 |
395.0 |
20.0 |
0.033 |
114.4 |
120.5 |
6.1 |
1.12 |
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 program 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 showing A-A’
cross sectional
line.https://www.globenewswire.com/NewsRoom/AttachmentNg/45524df0-69e6-46e9-824e-bab3b83a68fb
Figure 2. Cross section A – A’
showing holes MWRC21-001, MWRC21-018 and
MWRC21-019https://www.globenewswire.com/NewsRoom/AttachmentNg/75e06733-5041-4be3-a732-cf2fff8eff00
Assay results for the remaining 17 holes from
the Phase 1 program will be reported upon final compilation and
review.
Drilling in the West Pit area targeted gold
mineralization in the vicinity of the northwesterly-trending and
northeasterly-dipping Little Gray fault zone, at the junction of
prominent cross structures postulated to control high-grade
mineralization. The Little Gray fault zone appears to be
post-mineralization in age and has upthrown the mineralized block
to near surface in this area. Gold mineralization is hosted within
intensely faulted and folded quartz ± mica schist within the
Paleozoic Goldhill Formation metasediments. Results of drilling in
the West Pit area to date indicate a 300m continuous trend of
mineralization from as shallow as 19m from surface. Targeted core
drilling and systematic close-spaced RC definition drilling will be
required to fully determine the potential and the modes of
occurrence of the mineralization.
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
BOARDSCORPIO GOLD CORPORATIONBrian Lock,
CEO & DirectorFor further information contact:
Brian Lock, CEOTel: (604) 889-2543Email:
block@scorpiogold.com
Diane Zerga, General ManagerTel: (775)
401-1637Email: dzerga@scorpiogold.com
Anthony Simone, Investor RelationsTel: (416)
881-5154Email: ir@scorpiogold.com
Website: www.scorpiogold.com
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.
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 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.
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