Good morning,
Scorpio Gold is pleased to announce third quarter production results from the Mineral Ridge operation. Here are the highlights; see below for the full news release.
| . 9,632 |
ounces GOLD produced |
+ 44.46% year-over-year |
| . 3,702 |
ounces SILVER produced |
+ 27.7% year-over-year |
| . 2.08 |
g/t GOLD head grade |
- 1.0% year-over-year |
| . 2,686 |
tonnes per day throughput |
+ 10.7% year-over-year |
For those of you interested in learning more about our Mineral Ridge operation, please follow this link Video Library and be transported to our Nevada gold mine for a 3 minute tour.
Thanks for your interest in Scorpio Gold.
Steve
Steve Roebuck, PGeo
President
sroebuck@scorpiogold.com
Mobile: (905) 741-5458
Skype: geostever99
News - Wednesday, October 09, 2013
Scorpio Gold Produces 9,632 Ounces Gold in Third Quarter 2013 at the Mineral Ridge Operation, Nevada
Vancouver, October 9, 2013 - Scorpio Gold Corporation ("Scorpio Gold" or the "Company") (TSX-V: SGN) 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: Mineral Ridge Mine Tour
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
For further information contact:
Steve Roebuck Tel: (819) 825-7618
Email:sroebuck@scorpiogold.com
Investor Relations:
Jim Macdonald, Torrey Hills Capital
Tel: (858) 456-7300
Email:jm@sdthc.com
Website: www.scorpiogold.com
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.
We seek Free Harbour.
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