Scorpio Gold Corp.

Scorpio Gold announces the initial drill results from the Wedge B Zone at the 70% owned Mineral Ridge project, Nevada. Peter J. Hawley, President and CEO reports, "Our initial drilling on the Wedge B Zone, located 225 metres west of the Drinkwater pit where the Company is currently mining, has intersected mineralization of interest. Given the shallow depth of the mineralization and its close proximity to the crushing unit [...]

Scorpio Gold announces the initial drill results from the Brodie Zone at the 70% owned Mineral Ridge project, Nevada. Peter J. Hawley, President and CEO reports, "Our initial drilling on the Brodie Zone, located 975 metres (3,200 feet) southwest of the Drinkwater pit, has intersected mineralization of interest, in particular drill hole MR11210, which terminated in high-grade mineralization. Additional drilling on the [...]

Scorpio Gold announces the initial drill results from the Solberry Zone at the 70% owned Mineral Ridge project, Nevada. Peter J. Hawley, President and CEO reports, “In following up on historical drill results, our initial drilling on the Solberry Zone has intersected a high-grade zone of enrichment of currently unknown extent at the northwest margin of the zone, returning 15.85 g/t gold over 3.05 metres (Table 2). The [...]

Scorpio Gold is pleased to provide an operations update at the 70% owned Mineral Ridge gold deposit, Nevada, and also to announce the proceeds of warrants exercised prior to the September 10, 2011 expiry date. Since the start-up of operations in Q2 2011, the Company has placed a total of 407,399 tons of mineralized material on the leach pad grading on average 0.044 ounces per ton (OPT) gold.

Scorpio Gold announces the discovery of widespread silver-enriched mineralization over significant widths at the Coyote Target, on its 70% owned Mineral Ridge project in Nevada. Eleven holes in this first phase drill program tested the Coyote target over a 250 x 600 metre area, while 2 holes tested an outlier zone located 914 metres to the northwest. Peter J. Hawley, President and CEO reports, “While drilling the Coyote [...]

Scorpio Gold today announced that Golden Phoenix Minerals, Inc., its 30% joint venture partner on the Company's Mineral Ridge project, has entered into a debt financing arrangement with Waterton Global Value, L.P., Scorpio's existing lender. In connection with the GP Debt Financing, Golden Phoenix has granted Waterton an option to acquire Golden Phoenix's interest in the Mineral Ridge Project. Scorpio has consented to the [...]

Scorpio Gold is pleased to announce that since start-up of operations at the 70% owned Mineral Ridge gold deposit, Nevada, precious metals sales from its production of gold and silver in loaded carbon now total 1,472 ounces of gold and 790 ounces of silver to Waterton Global Resource Management, as per its sales agreement. The Company's production shipments of loaded carbon now total 28.67 tons containing an estimated [...]

Scorpio Gold is pleased to announce that on June 23, 2011, the Company made its first precious metals sale from the first production batch of gold and silver in loaded carbon produced at the Mineral Ridge gold deposit, Nevada. In total, the Company sold 623 ounces of gold and 301 ounces of silver to Waterton Global Resource Management, as per its sales agreement.

Scorpio Gold is pleased to announce that all resolutions were passed at the Company's Annual General and Special Meeting of Shareholders held on June 10, 2011. The number of directors has been set at five and includes the re-election of Peter J. Hawley, Brian Lock, Luc Pelchat, David W. Smalley and Andrew Lee Smith. Deloitte & Touche LLP, Chartered Accountants, have been appointed as auditors of the Company for the [...]

Scorpio Gold Corporation is pleased to announce that exploration drilling has commenced on the Coyote target, located approximately four kilometres southwest of the Mineral Ridge operation and on strike with the Brodie mineralized body that lies adjacent to the heap leach pad. The Coyote target is one of three priority drill exploration targets outlined by the Company.