Scorpio Gold has unveiled initial results from its 2015 expansion drilling in the Brodie deposit target area at its70% owned Mineral Ridge project, located in Nevada, US.
The 2015 expansion program at Mineral Ridge includes infill, development and exploration drilling to expand and upgrade the current mineral reserve and resource base and potentially extend life of mine.
The majority of holes presented in Table 1 are step out holes collared 50-125 meters west of the 2014 floated cone pit outlines for the Brodie deposit. Over 80% of the holes intersected significant mineralization. Two holes of particular interest, MR151546-547, targeted a mag tilt high that corresponds with an interpreted synform axis located 125 meters west of currently defined resources for the Brodie deposit.
Both holes intersected significant grades at approximately 60 meters vertical depth. Management believes that results received to date from the current expansion drilling program should positively impact the existing resource base at the Brodie deposit.
In addition to the step-out holes noted above, 15 exploration holes were drilled to test a broad area 150-500 meters west of the Brodie deposit.
Grades of interest were reported in 4 holes that were collared 150-200 meters west of the floated cone outlines. Three additional exploration holes that tested an area 200-250 south of the Brodie deposit did not return any significant results.