The Goldwedge deposit lies within the Walker Lane Gold Belt and is situated on the southern periphery of the Manhattan Caldera, approximately 16 kilometers south of the operating Round Mountain Mine. The Goldwedge project includes a fully permitted underground mine with over 600 meters of underground development and a mill facility with gravity circuit that is currently permitted to process 400 tons per day.

The 2015 underground drilling program totalled 4,695 ft in 21 NQ diameter core holes drilled from 6 underground drill stations. The majority of holes were drilled perpendicular to N60W trending Cambrian-Ordovician aged sedimentary host rocks. Results from the underground drilling indicate that mineralization at Goldwedge is related to the N30W trending Reliance Fault Zone, with mineralization occurring within and subparallel to the fault and as dilational lenses and veins extending outward from the fault zone along fractures oriented sub-parallel to bedding.

Mineralization of interest was intersected in all 21 underground holes drilled in 2015. Results considered of significance for this deposit were returned in 9 of the 21 holes. Several of the holes were drilled to verify historical drilling results; however, Scorpio Gold was unable to replicate the more substantial downhole widths and grades reported in 2011-12 drilling by the project’s previous operator.

In 2015, the Company processed 1,392 tonnes of Mineral Ridge ore grading 8.89 g/t gold at the Goldwedge mill. In order to conserve funds, the Goldwedge mill facility has been placed on care and maintenance while Scorpio Gold focuses its attention on the Company’s Mineral Ridge operation.