Scorpio Gold to Participate at Upcoming European Gold Forum
05 May 2014 - 10:00PM
Marketwired
Scorpio Gold to Participate at Upcoming European Gold Forum
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 5, 2014) -
Scorpio Gold Corporation ("Scorpio Gold" or the "Company")
(TSX-VENTURE:SGN) announces that the Company's President, Steve
Roebuck, will be presenting at the upcoming European Gold Forum on
May 8, 2014 at 11:40 AM CET. A webcast of the presentation will be
available at:
www.europeangoldforum.org/egf14/company-webcast/SGN:CN.
The European Gold Forum is held at the Park Hyatt, Zurich,
Switzerland from May 6-8, 2014. Further information about the event
is available at: www.europeangoldforum.org/egf14/.
About Scorpio Gold
- 2013 Gold Production: 39,160 ounces
- 2013 Total Cash Cost: US$734 per ounce gold sold(1)
- 2014 Gold Production Forecast: 40,000-45,000 ounces
- 2014 Q1 Gold Production: 10,294 ounces
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 lenses 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. The Company is assessing
its exploration plans for the Goldwedge property as well as the
potential for toll milling at the Goldwedge plant, which is
currently permitted for 400 tons per day.
(1) This is a non-IFRS measure; refer to Non-IFRS Measures
section of the Company's Management Discussion & Analysis for a
complete definition and reconciliation to the Company's financial
statements.
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
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.
The Company relies on litigation protection for forward-looking
statements. This news release contains forward-looking statements
that are based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterized by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur, and include, without limitation, statements regarding
the Company's plans with respect to the exploration, development
and exploitation of its Mineral Ridge project and forecasts of
mining, gold production and operating costs. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ
materially from estimated or anticipated events or results implied
or expressed in such forward-looking statements, including risks
related to mining, factors that can increase operating costs and
those risk factors outlined in the Company's Management Discussion
and Analysis as filed on SEDAR. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on
such statements due to the inherent uncertainty thereof.
Steve Roebuck, President(819)
825-7618sroebuck@scorpiogold.comInvestor Relations:Jim Macdonald,
Torrey Hills Capital(858)
456-7300jm@sdthc.comwww.scorpiogold.com
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