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INTERSECTS 12.47 g/t GOLD AND 176.2 g/t SILVER OVER 7.6 M INCLUDING 53.49 g/t GOLD OVER 1.52 M AND 3,960 g/t SILVER OVER 0.15 M IN UNDERGROUND DRILLING AT GOLDWEDGE, NEVADA

 

Gold drill core

 

 

Scorpio Gold Corp. (SGN.V) has released initial gold and silver assay results from underground drilling at its 100-per-cent-owned Goldwedge property located in Manhattan, Nev. The 2020 drilling program is focused on resource definition in areas where the Company's 2014 surface drilling intersected higher-grade mineralization proximal to existing underground workings (April 27, 2015 news release). The drilling program utilized the Company's Atlas Copco 262 skid-mounted drill rig which was operated by company personnel.

Drill hole GWUG20-001 targeted an area where 2014 surface hole GW14-03 encountered high-grade mineralization proximal to existing underground workings. The hole was collared in the face of crosscut A at the 6,760 ft elevation and was drilled at 247degree azimuth and -10degree dip. Drilling intersected several mineralized zones, the most significant being a 7.6 meter intersection averaging 12.47 g/t gold and 176.23 g/t silver, which included 1.52 meters grading 53.49 g/t gold and 0.15 meters grading 3,960 g/t silver (Table 1). The mineralized zone lies approximately 30 meters (100 ft) below surface and extends immediately southeast from existing underground workings.

Drill hole GWUG20-002 targeted the down-dip extension of the mineralized zone intersected in GWUG20-001. The hole was collared in the same location and at the same azimuth but angled at a -37degree dip. Multiple mineralized zones were intersected with the most significant returning 5.55 g/t gold and 17.14 g/t silver over 0.91 meters. This hole also intersected 1.52 meters grading 1,707 g/t silver from 6.4 to 7.92 meters downhole.

Drill hole GWUG20-003 targeted the southeast extension of the mineralized zone intersected in GWUG20-001. The hole was collared in the same location as the first 2 holes and drilled at 211degree azimuth and -10degree dip. Multiple mineralized zones were encountered with the most significant assay received to date returning 5.11 g/t gold over 1.52 meters. Final assays for this hole are pending.

Known mineralization within the Goldwedge deposit is controlled by the high-angle N30W trending Reliance fault which is transected by ring faulting associated with the Manhattan caldera. The gold itself is localized within clay gouge fault zones associated with the main Reliance fault system. Historically, silver has not been the primary target in the Manhattan mining district. Based on the high-grade silver intersections encountered in these holes however, a review of core samples and logs from previous drilling will be undertaken for evidence of other significant silver mineralization.

 

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