Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX VENTURE SGN)
reports additional results from its 2013 satellite deposit drilling program at
the 70% owned Mineral Ridge project, located in Nevada. The Bluelite deposit
lies west of the currently producing Drinkwater and Mary pits and 400 meters
northwest of the leach pad.


The 2013 satellite drilling program was designed to upgrade and potentially
increase the mineral resource estimate completed by Telesto Nevada Inc.
("Telesto") for a number of satellite deposits including Bluelite, which was
reported in the Company's August 16, 2013 news release. Final results from the
2013 drilling on the Bluelite deposit have added to an overall successful
program, returning significant intercepts both within and extending outside of
the floating cone pit shells modelled by Telesto. Results from continuation of
the satellite deposit drilling program in 2014 will be released as received and
compiled.


Previous results from earlier phases of expansion drilling on the Bluelite
deposit were reported in the Company's November 10, 2013, November 20, 2013 and
December 16, 2013 news releases. Highlights of the final results received for
the 2013 drilling at Bluelite include:




--  MR13774: 1.09 grams per tonne ("g/t") gold over 4.57 meters 
--  MR13775: 2.76 g/t gold over 7.62 meters



A drill hole location map is available at:
www.scorpiogold.com/i/maps/mr/Bluelite_DHplan.jpg




Table 1. Bluelite 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)
----------------------------------------------------------------------------
MR13760     0    -90    125    135     10  38.10  41.15   3.05   0.02   0.60
----------------------------------------------------------------------------
MR13761     0    -90                 No Significant Results                 
----------------------------------------------------------------------------
MR13770     0    -90                 No Significant Results                 
----------------------------------------------------------------------------
MR13771     0    -90     40     45      5  12.19  13.72   1.52   0.08   2.74
----------------------------------------------------------------------------
                        265    270      5  80.77  82.30   1.52   0.02   0.51
----------------------------------------------------------------------------
MR13772     0    -90     10     15      5   3.05   4.57   1.52   0.09   3.19
----------------------------------------------------------------------------
                         80    100     20  24.38  30.48   6.10   0.02   0.76
----------------------------------------------------------------------------
MR13773     0    -90                 No Significant Results                 
----------------------------------------------------------------------------
MR13774     0    -90     60     65      5  18.29  19.81   1.52   0.01   0.45
----------------------------------------------------------------------------
                         75     90     15  22.86  27.43   4.57   0.03   1.09
----------------------------------------------------------------------------
MR13775     0    -90     45     50      5  13.72  15.24   1.52   0.02   0.55
----------------------------------------------------------------------------
                         85    110     25  25.91  33.53   7.62   0.08   2.76
----------------------------------------------------------------------------



All holes presented in Table 1 were completed by reverse circulation (RC)
drilling. True width is estimated at 90-100% 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

Scorpio Gold holds a 70% interest in the Mineral Ridge gold mining operation
located in Esmeralda County, Nevada with joint venture partner Waterton Global
Value L.P. (30%), and is currently entitled to receive 80% of cash flow
generated. Mineral Ridge is currently in production as a conventional open pit
mining and heap leach operation. The Mineral Ridge property is host to multiple
gold-bearing structures, veins and lenses at exploration, development and
production stages. Scorpio Gold also holds a 100% interest in the advanced
exploration-stage Goldwedge property and processing facility in Manhattan,
Nevada. The Company is assessing its exploration plans for the Goldwedge
property as well as the potential for toll milling at the Goldwedge plant, which
is currently permitted for 400 tons per day.


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


ON BEHALF OF THE BOARD

SCORPIO GOLD CORPORATION

Peter J. Hawley, CEO

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, development and exploitation of its Mineral Ridge project,
including future resource estimates and other exploration activities on the
satellite deposits. 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
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
guarantees of future performance and accordingly undue reliance should not be
put on such statements due to the inherent uncertainty thereof. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Scorpio Gold Corporation
Steve Roebuck
President
(819) 825-7618
sroebuck@scorpiogold.com


Torrey Hills Capital
Jim Macdonald
Investor Relations
(858) 456-7300
jm@sdthc.com
www.scorpiogold.com
Scorpio Gold (TSXV:SGN)
Historical Stock Chart
Von Mai 2024 bis Jun 2024 Click Here for more Scorpio Gold Charts.
Scorpio Gold (TSXV:SGN)
Historical Stock Chart
Von Jun 2023 bis Jun 2024 Click Here for more Scorpio Gold Charts.