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Scorpio Gold Announces Results from 2016 Exploration Drilling Program at Mineral Ridge Project

Reviewed

May 25 2016

Scorpio Gold Corporation ("Scorpio Gold" or the "Company") reports results from the 2016 exploration drilling program on the Paris target at its 70% owned Mineral Ridge project, located in Nevada.

The Paris target is a previously undrilled area located NNW of the Solberry deposit. It was targeted as one of several possible northwest strike extensions of the Drinkwater mineralization based on rock chip sampling and limited historic underground workings. Significant faulting to the northwest of Drinkwater has offset and obscured the Drinkwater trend. First-pass drilling in 2016 intersected mineralization in 19 of 24 RC holes collared over a 150 x 450 meter area. Based on a review of the geology and assay results, Paris is not considered a continuation of the Drinkwater trend. No further drilling is currently planned in the Paris target area.

A drill hole location map is available at: DH Plan

Table 1. Paris Target Area - 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)
MR161953-954	0	-90	No Significant Results
MR161955	0	-90	120	125	5	36.58	38.10	1.52	0.017	0.58
MR161959	0	-90	No Significant Results
MR161960	0	-90	130	140	10	39.62	42.67	3.05	0.013	0.43
MR161961	0	-90	210	215	5	64.01	65.53	1.52	0.071	2.43
MR161962	0	-90	270	275	5	82.30	83.82	1.52	0.047	1.61
MR161963	0	-90	250	265	15	76.20	80.77	4.57	0.060	2.05
MR161964	0	-90	150	155	5	45.72	47.24	1.52	0.019	0.65
			230	235	5	70.10	71.63	1.52	0.018	0.62
MR161965	0	-90	60	65	5	18.29	19.81	1.52	0.015	0.51
MR161966	0	-90	20	30	10	6.10	9.14	3.05	0.052	1.78
			180	185	5	54.86	56.39	1.52	0.016	0.55
MR161967	0	-90	135	145	10	41.15	44.20	3.05	0.011	0.38
MR161968	0	-90	105	110	5	32.00	33.53	1.52	0.017	0.58
MR161970	090	-45	110	115	5	33.53	35.05	1.52	0.010	0.34
MR161971	091	-47	105	110	5	32.00	33.53	1.52	0.017	0.58
			185	190	5	56.39	57.91	1.52	0.016	0.55
MR161972	092	-46	No Significant Results
MR161973,975	0	-90	No Significant Results
MR161974	0	-90	85	90	5	25.91	27.43	1.52	0.031	1.06
MR161976	0	-90	455	460	5	138.68	140.21	1.52	0.189	6.48
MR161978	0	-90	190	195	5	57.91	59.44	1.52	0.023	0.79
			450	455	5	137.16	138.68	1.52	0.052	1.78
MR161979	0	-90	380	385	5	115.82	117.35	1.52	0.061	2.09
MR161980	0	-90	295	310	15	89.92	94.49	4.57	0.032	1.11
			325	330	5	99.06	100.58	1.52	0.024	0.82
MR161981	0	-90	400	415	15	121.92	126.49	4.57	0.039	1.35

All holes presented in Table 1 were completed by reverse circulation (RC) drilling. True width is estimated at 80-100% of downhole width. Scorpio Gold utilizes the analytical services of ALS Minerals (Reno, Nevada), an ISO/IEC 17025:2005 (CAN-P-4E, CAN-P-1579) accredited testing laboratory, and Bureau Veritas (Reno, Nevada), an ISO 9001 certified testing laboratory. External check assays to verify lab accuracy are routinely completed. Further details are presented in the Company's quality assurance and quality control program for the Mineral Ridge project, available at: MR QAQC.

Source:

http://www.scorpiogold.com/