Mineral Ridge Produces 1,627 Ounces Of Gold 

 

VANCOUVER, BC - Scorpio Gold Corporation reported operating results for the third quarter (Q3) of 2018 at its 70% owned Mineral Ridge project, located in Nevada. Production at Mineral Ridge in Q3 2018 total 1,627 ounces of gold and 655 ounces of silver compared to 4,395 ounces of gold and 2,588 ounces of silver in Q3 of 2017. Gold and silver production for the first nine months of 2018 total 6,187 ounces of gold and 2,866 ounces of silver, representing decreases of 59.7% and 63.9%, respectively, over the same period in 2017. As previously reported, mining was suspended in the first week of November 2017, which has resulted in lower gold ounces produced.

The Company is currently evaluating various business alternatives including a potential sale transaction, business combination, refinancing its long-term debt, raising financing through an equity financing or through other types of financing. 

The company’s address is 206-595 Howe St., Vancouver, BC V6C 2T5, (604) 678-9639, fax: (604) 558-1136, email: [email protected].