Scorpio Gold Produces 9,632 Ounces Gold in Third Quarter 2013 at the Mineral Ridge Operation, Nevada
Published : October 09, 2013
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Keywords :   Gold | Gold Production | Market | Recovery | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 9, 2013) - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (News - Market indicators) announces its operating results for the third quarter ("Q3") of 2013 at its 70% owned Mineral Ridge project, located in Nevada.

Production in Q3 2013 totalled 9,632 ounces of gold and 3,702 ounces of silver for year-over-year increases of 44.6% and 27.7%, respectively, from Q3 2012. Total gold production for the first three quarters of 2013 now stands at 27,812 ounces.

Peter J. Hawley, CEO reports, "The Mineral Ridge operation posted another strong quarter with ore production, processing throughput and head grades in line with our updated 2013 operational guidelines. Overall results for the first nine months of 2013 put us in a good position to meet our 2013 production forecast of 35,000 to 40,000 ounces of gold."

Scorpio Gold is pleased to present a new video mine tour of the Mineral Ridge operation: www.scorpiogold.com/s/video_library.asp.

Key Operating Statistics

  Q3 2013 Q3 2012 % Change  
Mining operations        
  Drinkwater & Mary pits combined        
    Ore tonnes mined 214,359 164,734 30.1 %
    Waste tonnes mined 1,131,253 1,021,047 10.8 %
    Total mined 1,345,612 1,185,781 13.5 %
    Strip Ratio 5.3 6.2 -14.9 %
           
  Drinkwater pit        
    Ore tonnes mined 134,147 156,007 -14.0 %
    Waste tonnes mined 478,927 738,890 -35.2 %
    Total mined 613,074 894,897 -31.5 %
    Strip Ratio 3.6 4.7 -23.4 %
           
  Mary pit        
    Ore tonnes mined 80,212 8,727 819.1 %
    Waste tonnes mined 652,326 282,157 131.2 %
    Total mined 732,538 290,884 151.8 %
    Strip Ratio 8.1 32.3 -74.9 %
Processing        
  Tonnes processed 247,105 186,858 32.2 %
  Gold head grade (g/t) 2.08 2.10 -1.0 %
  Ounces produced        
    Gold 9,632 6,663 44.6 %
    Silver 3,702 2,900 27.7 %
  Throughput (tonnes per day) 2,686 2,427 10.7 %
  Recoverable(1) gold (ounces) placed on pad 10,764 8,210 31.1 %

(1) A 65% metallurgical recovery factor has been applied to the estimated contained ounces crushed and placed on the leach pad.

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 bodies 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, and the advanced exploration-stage Pinon gold property near Carlin, Nevada. The Company is assessing its exploration plans for these properties 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 production forecast at its Mineral Ridge project. 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 related to open pit mining and heap leach operations 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.



Scorpio Gold Corporation
Steve Roebuck
President
(819) 825-7618
sroebuck@scorpiogold.com
www.scorpiogold.com
or
Investor Relations:
Torrey Hills Capital
Jim Macdonald
(858) 456-7300
jm@sdthc.com

Scorpio Gold Corp.

DEVELOPMENT STAGE
CODE : SGN.V
ISIN : CA80918M1041
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Scorpio Gold is a gold exploration company based in Canada.

Its main asset in development is MINERAL RIDGE MINE in USA and its main exploration properties are COCHRANE HILL, CARIBOU GOLD MINE, LAC ARSENAULT and MINERAL RIDGE in Canada.

Scorpio Gold is listed in Canada. Its market capitalisation is CA$ 29.4 millions as of today (US$ 23.5 millions, € 20.6 millions).

Its stock quote reached its highest recent level on March 12, 2010 at CA$ 1.12, and its lowest recent point on December 07, 2018 at CA$ 0.01.

Scorpio Gold has 124 950 000 shares outstanding.

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Financings of Scorpio Gold Corp.
5/27/2011Amends Debt Terms
3/8/2010Increases Size of Private Placement and Exercises Over-Allot...
2/24/2010Announces Terms of Private Placement
Option Grants of Scorpio Gold Corp.
1/27/2012Announces Stock Option Grants
6/13/2011Announces Results of AGM and Grants Options
4/6/2011Engages Torrey Hills Capital for Investor Relations
Nominations of Scorpio Gold Corp.
7/10/2013Appoints Peter A. Brieger to the Board of Directors
9/7/2012Appoints Steve Roebuck as President
Financials of Scorpio Gold Corp.
4/8/2016Reports Fourth Quarter and Provides Year-End Financial Resul...
7/14/2015(Mineral Ridge)Produces 8,738 Ounces of Gold in Second Quarter 2015 at the ...
11/26/2013Reports Financial Results for Third Quarter of 2013
8/23/2013Reports Financial Results for Second Quarter of 2013 and Pro...
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5/15/2013Reports Financial Results for First Quarter of 2013
4/15/2013Reports Record Fourth Quarter and Provides Year-End Financia...
8/28/2012Announces its Unaudited Financial and Operating Results for ...
5/16/2012Announces its Unaudited Financial and Operating Results for ...
Project news of Scorpio Gold Corp.
4/15/2015(Mineral Ridge)Reports Final Results from 2014 Drilling at the Mary LC Depo...
3/24/2015(Mineral Ridge)Commences 2015 Drilling Program at the Mineral Ridge Project...
1/19/2015(Mineral Ridge)Final Results from 2014 Expansion Drilling on the NW Brodie ...
2/25/2014(Mineral Ridge)Reports on Expansion Drilling at the Brodie Satellite Deposi...
2/13/2014(Mineral Ridge)Forecasts 40,000-45,000 oz. Gold Production in 2014 at the M...
1/14/2014(Mineral Ridge)Sets Quarterly Production Record at the Mineral Ridge Operat...
12/16/2013(Mineral Ridge)s Expansion Drilling at the Bluelite Satellite Deposit, Min...
11/13/2013(Mineral Ridge)s Expansion Drilling at the Brodie Satellite Deposit, Miner...
11/7/2013Intersects 4.43 g/t Gold over 10.67 meters at the Mary/LC Zo...
11/4/2013s Goldwedge Project
8/7/2013(Mineral Ridge)Reports on Expansion Drilling at the Brodie Satellite Deposi...
7/8/2013(Mineral Ridge)Intersects 1.76 g/t Gold over 10.67 meters and Continues to ...
6/5/2013(Mineral Ridge)Intersects 5.17 g/t gold over 21.34 meters and Extends Mary/...
4/24/2013(Mineral Ridge)Reports on 2013 Exploration Program at Mineral Ridge and Upd...
10/30/2012(Mineral Ridge)Intersects 16.77 metres grading 2.61 g/t Gold at the Drinkwa...
10/1/2012(Mineral Ridge)Reports on Mine Plan Study for the Drinkwater and Mary Pits...
7/11/2012Announces Settlement of Litigation Commenced by Former Joint...
5/2/2012(Mineral Ridge)Waterton Becomes Scorpio Gold's Joint Venture Partner at Min...
4/17/2012(Mineral Ridge)en Phoenix Announces Removal of Scorpio Gold as Manager of M...
4/5/2012Litigation Commenced by Scorpio Gold's Joint Venture Partner
1/18/2012en Phoenix JV Partner Scorpio Gold Intersects 12.20 Meters G...
9/13/2011(Mineral Ridge)Discovers Silver-Enriched Zone on Mineral Ridge Project
7/22/2011(Mineral Ridge)Provides Operations Update at the Mineral Ridge Project, Nev...
6/28/2011(Mineral Ridge)Announces First Gold and Silver Sales from the Mineral Ridge...
6/7/2011GP JV Partner Scorpio Gold Announces First Production Blast ...
6/7/2011(Mineral Ridge)Update on its Mineral Ridge Gold Project, Nevada
5/11/2011(Mineral Ridge)GP JV Partner Scorpio Gold Reports Sampling of Stockpile at ...
5/11/2011(Mineral Ridge)Sampling of Stockpile at the Mineral Ridge Gold Deposit, Nev...
5/9/2011(Mineral Ridge)GP JV Partner Scorpio Gold Awards Mining Contract For The Mi...
5/9/2011(Mineral Ridge)Awards Mining Contract for the Mineral Ridge Gold Deposit, N...
4/26/2011(Mineral Ridge)GP JV Partner Scorpio Gold Makes First Shipment of Loaded Go...
4/26/2011(Mineral Ridge)Makes First Shipment of Loaded Gold Carbon to Refinery from ...
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2/2/2011(Mineral Ridge)Commences 2011 Drilling at the Mineral Ridge Gold Project, N...
2/3/2011(Mineral Ridge Mine)GP JV Partner Scorpio Gold Begins 13,167m Drill Program
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6/30/2010(Mineral Ridge)Surface RC Drilling on the Mineral Ridge Gold Deposit Contin...
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5/24/2016Scorpio Gold Reports Results from 2016 Exploration Drilling ...
5/13/2016Scorpio Gold Reports Financial Results for First Quarter of ...
5/10/2016Scorpio Gold Reports Results from 2016 Exploration Drilling ...
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4/11/2016Scorpio Gold Produces 8,569 Ounces of Gold in First Quarter ...
4/8/2016Scorpio Gold Reports Fourth Quarter and Provides Year-End Fi...
3/23/2016Scorpio Gold Announces 2016 Production Forecast
12/21/2015Scorpio Gold Reports Results of Exploration Drilling at the ...
12/17/2015Scorpio Gold Reports Intersects 11.79 g/t Gold over 9.14 met...
11/27/2015Scorpio Gold Reports Financial Results for Third Quarter of ...
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9/28/2015Scorpio Gold Reports Results from 2015 Exploration Drilling ...
9/21/2015Scorpio Gold Reports Results from 2015 Expansion Drilling at...
9/14/2015Scorpio Gold Reports Results from 2015 Expansion Drilling at...
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8/27/2015Scorpio Gold Reports Financial Results for Second Quarter of...
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7/7/2015Scorpio Gold Reports Results from 2015 Exploration Drilling ...
4/27/2015Scorpio Gold Commences Underground Drill Program and Reports...
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4/8/2015(Mineral Ridge)Intersects 12.54 g/t Gold Over 15.91 Meters at the Solberry ...
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1/15/2015Scorpio Gold Grants Incentive Stock Options
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12/22/2014Scorpio Gold Reports Final Results from 2014 Expansion Drill...
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11/24/2014Scorpio Gold Intersects 1.12 g/t Gold Over 36.58 Meters on t...
11/20/2014Scorpio Gold Reports Financial Results for Third Quarter of ...
11/3/2014Scorpio Gold Announces Discovery - Intersects 31.79 g/t Gold...
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10/14/2014Scorpio Gold Provides News Release Correction
10/9/2014Scorpio Gold Produces 11,228 Ounces of Gold in Third Quarter...
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2/3/2014(Mineral Ridge)Intersects 6.06 g/t Gold over 10.67 meters at the Solberry S...
1/29/2014Signs LOI to Sell Pinon Properties to Gold Standard Ventures
10/9/2013(Mineral Ridge)Produces 9,632 Ounces Gold in Third Quarter 2013 at the Mine...
9/23/2013Drilling at the Oromonte Deposit Intersects 10.67 meters Gra...
9/11/2013Expansion Drilling at the Bluelite Deposit Intersects Near-S...
8/16/2013(Mineral Ridge)Reports Mineral Resource Estimate on the Satellite Deposits ...
7/30/2013(Mineral Ridge)Mineral Ridge Operation to Receive Mine Operator Safety Awar...
6/25/2013Reports Results of Annual & Special Meeting
6/7/2013Grants Incentive Stock Options
5/9/2013Adopts Advance Notice Policy for Director Nominations
4/15/2013(Mineral Ridge)Announces First Quarter 2013 Operating Results for the Miner...
2/7/2013(Mineral Ridge)Releases Final Fourth Quarter 2012 Operating Results and Pro...
1/16/2013(Mineral Ridge)Announces Fourth Quarter 2012 Preliminary Operating Results ...
10/15/2012(Mineral Ridge)Announces Third Quarter 2012 Operating Results for the Miner...
10/11/2012Announces Signing of Definitive Asset Purchase Agreement to ...
9/26/2012to Commence Normal Course Issuer Bid
9/25/2012Provides Corporate Update
9/11/2012(Mineral Ridge)Mary LC Zone Drilling Intersects 7.62 metres Grading 3.15 g/...
8/30/2012Announces Non-Binding Letter of Intent to Acquire Nevada Min...
8/22/2012(Mineral Ridge)Mary LC Zone Drilling Intersects 7.62 metres grading 6.16 g/...
8/10/2012(Mineral Ridge)Announces its Operating Results for the Second Quarter of 20...
7/30/2012(Mineral Ridge)Drilling Intersects 7.62 metres grading 2.67 g/t Gold on the...
7/24/2012(Mineral Ridge)Provides Guidance for New NI 43-101 Compliant Mine Plan Stud...
7/9/2012(Mineral Ridge)Drilling Intersects 7.62 metres grading 2.92 g/t Gold on the...
6/25/2012(Mineral Ridge)Drilling Intersects 10.67 metres grading 8.25 g/t Gold on Or...
6/12/2012(Mineral Ridge)Drilling Intersects 10.67 metres grading 1.35 g/t Gold on th...
6/5/2012Announces Results of AGM
6/4/2012(Mineral Ridge)Drilling Intersects 21.34 metres grading 1.17 g/t Gold on Br...
5/24/2012(Mineral Ridge)Drilling Intersects 24.39 metres grading 0.90 g/t Gold on Br...
5/1/2012(Mineral Ridge)Provides 2012 Guidance for the Mineral Ridge Gold Operation,...
4/9/2012Provides Update on Golden Phoenix Litigation
3/21/2012(Mineral Ridge)Drilling Intersects 6.10 metres grading 5.82 g/t Gold on Mar...
2/28/2012(Mineral Ridge)Drilling Intersects 12.20 metres grading 4.22 g/t Gold on Ma...
2/8/2012(Mineral Ridge)Reports 2011 Operations Review and Achievements at the Miner...
1/17/2012(Mineral Ridge)Intersects 12.20 metres grading 3.99 g/t Gold Followed by 7....
1/5/2012(Mineral Ridge)en Phoenix JV Partner Scorpio Gold Intersects 10.67 Meters G...
1/5/2012(Mineral Ridge)Intersects 10.67 metres grading 3.65 g/t Gold on Mary Zone, ...
9/26/2011(Mineral Ridge)Intersects 3.05 metres grading 15.85 g/t Gold on Solberry Zo...
9/22/2011(Mineral Ridge)Provides Update at Mineral Ridge Operation
6/13/2011(Mineral Ridge)GP JV Partner Scorpio Gold Begins Exploration Drilling on Co...
6/13/2011(Mineral Ridge)Begins Exploration Drilling on Coyote Target, Mineral Ridge ...
4/19/2011(Mineral Ridge)GP JV Partner Scorpio Gold Appoints Mine Manager for the Min...
4/19/2011(Mineral Ridge)Appoints Mine Manager for the Mineral Ridge Gold Deposit, Ne...
4/12/2011(Mineral Ridge)=E2??s Exploration Drilling Expands Mineralization from Open...
4/11/2011(Cochrane Hill)Enters into Purchase Agreement to Sell Caribou and Cochrane...
3/1/2011(Mineral Ridge)Leach Pad Activated for Gold Recovery at Mineral Ridge
2/14/2011Commences Leach Pad Operations at Mineral Ridge
5/7/2010TSXV: SGN - Research Note
2/18/2010Surface Exploration on the Mineral Ridge Gold Project Prompt...
2/24/2010(TSXV: SGN) Press Release
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