Scorpio Gold drills 3.89 g/t gold over 41.2 metres at Goldwedge

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Scorpio Gold Corp. [SGN-TSXV; SRCRF-OTC] reported updated significant intercepts for phase II reverse circulation (RC) drilling program at its Goldwedge property located in Manhattan, Nevada.

The planned program consisted of 59 RC drill holes with a total of 10,800 metres and 3,935 total meterage completed to date. Drilled holes for this current update, targeted northeastern Mustang Hill mineralization continuity trending in a near EW strike direction, the potential continuity in down dip direction of the Reliance Fault Zone and the southeastern and southwestern mineralization continuity of the Main Trend through the West Pit.

A total of 20 RC drill holes have been completed to date, representing 36% (3,935 metres) of the planned RC drill program. However, 12 drill holes, with very high-grade mineralization intercepts at the northwestern section of the West Pit, have been reported in a May 2022 press release.

Drilling confirmed strong mineralization trends with significant interceptions at the northeastern (Mustang Hill Area) and southwestern sections (Crescent Trend Area) of the West Pit.

Highlights of the significant intercepts are as follows: MWRC22-014 intercepted 3.53 g/t gold over 7.6 metres, including 14.58 g/t gold over 1.5 metres from 79.3 metres along the drill hole depth. Additional intercepts contain 4.03 g/t gold over 3.1 metres from 16.8 metres depth along the drill hole.

MWRC22-018 intercepted 4.90 g/t over 22.9 metres, including 38.76 g/t over 1.5 metres and 5.19 g/t over 9.2 metres, including 20.17 g/t over 1.5 metres with mineralization from 62.5 metres and 112.9 metres along the drill hole dip direction respectively.

MWRC22-021 intercepted 3.89 g/t over 41.2 metres from 24.4 metres along the drill hole dip direction. Additional intercepts contain 1.75 g/t over 13.7 metres from 266.9 metres depth along the drill hole.

MWRC22-014 intercepted significant mineralization zones which appears to form a parallel structure and aligned in the northwest of the Main West Pit trend. Mineralization likely continues in the northwest and southeast strike direction following the same trend of previous holes (MWRC21-003 and 004) drilled in the in-strike direction. To the northwestern section of the West Pit, exploration will be done to investigate whether mineralization consists of a similar quartz-adularia style or some other type of mineralization.

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.


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