Scorpio Gold samples 27.85 g/t gold at Mineral Ridge
2010-02-18 08:27 ET - News Release
stockwatch.com
SCORPIO GOLD'S SURFACE EXPLORATION ON THE MINERAL RIDGE GOLD PROJECT PROMPTS ADDITIONAL STAKING WITH THE DISCOVERY OF NEW MINERALIZATION REPORTING UP TO 27.85 G/T GOLD
Scorpio Gold Corp. has provided additional surface exploration sample results on the Mineral Ridge gold project.
Peter J. Hawley, chief executive officer and director, reports: "Follow-up exploration to extend the prospective mineralized Mary limestone unit and structures outwards from the existing pit areas has led the company to extend the original two-kilometre radius to four kilometres. The program continues to meet with success, expanding the overall mineralized area and leading to the staking of an additional 206 claims. Follow-up definition work will be planned for the newly identified mineralized zones."
Scorpio Gold's successful exploration and modelling of the mineralized unit and related structures at Mineral Ridge have led to an aggressive staking program covering an additional 2,934 hectares (7,250 acres). The overall land package of 351 claims now encompasses 4,118 hectares (10,176 acres), representing an increase of 348 per cent from the original Golden Phoenix holdings.
The known mineralized zones occur over an area of approximately 4,300 metres (14,000 feet) north-south and 4,600 metres (15,000 feet) east-west. Individual zones can be as much as 43 metres (140 feet) thick, usually consisting of a higher grade 1.5- to 9.0-metre-wide halo surrounded by a lower grade mineralized envelope. Stacking of two or more high-grade zones is commonly observed.
The table presents 66 of 130 surface grab samples that returned greater than 0.1 gram per tonne (g/t) gold.
SURFACE SAMPLING RESULTS
Sample Sample
Sample wt Au Recheck Sample wt Au Recheck
No. kg g/t g/t No. kg g/t g/t
DH-172 7.27 0.99 DH-230 3.64 0.44
DH-173 7.27 7.99 9.14 DH-232 3.64 1.96
DH-174 6.36 6.50 6.47 DH-233 5.91 0.19
DH-176 5.45 10.32 10.23 DH-234 3.64 0.25
DH-177 6.36 2.18 DH-238 4.55 0.16
DH-178 4.55 5.41 5.56 DH-239 5.45 1.09
DH-179 6.36 5.63 4.79 DH-240 4.09 0.16
DH-180 6.82 3.67 5.25 DH-241 4.55 1.74
DH-185 5.45 5.38 6.34 DH-242 3.64 3.48 3.33
DH-186 5.00 1.24 DH-248 3.64 1.43
DH-187 6.36 0.19 DH-249 4.09 4.26 4.35
DH-193 6.36 0.22 DH-250 2.73 1.06
DH-194 6.36 0.28 DH-251 5.00 1.80
DH-195 4.55 0.90 DH-252 3.18 0.19
DH-196 6.36 0.19 DH-256 5.00 1.62
DH-197 5.00 0.78 DH-257 5.00 0.12
DH-198 5.91 1.62 DH-258 5.00 0.31
DH-200 4.09 0.12 DH-276 5.00 0.40
DH-207 5.00 0.25 DH-277 3.64 9.82 9.54
DH-211 5.00 0.16 DH-278 4.09 0.53
DH-215 3.64 0.62 DH-279 4.55 0.12
DH-216 3.18 4.63 5.50 DH-286 6.82 2.61
DH-217 4.09 4.79 5.13 DH-287 5.00 1.09
DH-220 5.45 17.87 17.03 DH-288 5.45 1.71
DH-221 5.45 10.85 11.13 DH-289 5.45 0.44
DH-222 4.09 1.93 DH-290 3.64 0.12
DH-223 4.09 4.41 4.60 DH-299 4.55 0.19
DH-224 3.18 2.33 2.55 MI-306 5.00 0.16
DH-225 3.64 9.70 10.91 MI-307 4.09 0.62
DH-226 5.45 26.58 27.85 MI-308 4.09 0.44
DH-227 3.64 10.97 11.19 DH-316 3.18 0.44
DH-228 4.09 0.12 DH-322 4.55 0.37
DH-229 5.45 0.34 DH-323 3.64 0.25
Analytical results were performed by American Assay Laboratory Inc., an ISO/IEC 17025 accredited laboratory, in Sparks, Nev. All samples were submitted as bulk rock samples and standard preparation procedures were utilized to create a homogeneous sample. Samples were fire assayed with an AA finish at one assay ton (30 grams). Results of 0.29 ounce per ton (10 parts per million (ppm)) and greater were repeated with a gravimetric (weighed) finish. Standard quality control procedures were followed which included random insertion of certified standards and blanks in the sample stream as well as routine duplicate sample analysis.
For additional information on the Mineral Ridge gold project please see the company's website.
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