Results of Exploration Drilling At State Bank Target

VANCOUVER – Scorpio Gold Corporation reported results from its 2014-2015 exploration drilling program within the State Bank target area at its 70% owned Mineral Ridge project, located in Nevada.

State Bank is a large target area located west- southwest of the Bluelite deposit. Targeting of the area was based on a combination of soil geochemistry, rock chip sampling, geophysical interpretation and aster imagery. Detailed geological and structural mapping determined that elevated gold grades correlate with fold axes, a feature common to several of the gold deposits at Mineral Ridge.

In total, 78 reverse circulation and two diamond core holes tested parts of the target area. Approximately 42% of the holes intersected mineralization of interest; however, the majority of holes returned sub-gram gold assays. High-grade mineralization was intersected in two holes (MR151899-900) in the southwest corner of the target area.