Recently there has been debate re: GGNs NRs re: shipment of loaded carbon and the detail or lack thereof contained therein. I guess (in my limitied knowledge opinion of the subject) that people were expecting a more detailed NR... maybe like the one SGN released annoucing their first loaded carbon shipment in April? If so, anyone have any idea why GGN would no or maybe would not have been able to provide such detailed? red911
Mr. Peter Hawley reports
SCORPIO GOLD MAKES FIRST SHIPMENT OF LOADED GOLD CARBON TO REFINERY FROM THE MINERAL RIDGE GOLD DEPOSIT, NEVADA
According to Scorpio Gold Corp., on April 18, 2011, Mineral Ridge Gold LLC shipped its first production batch of gold and silver in loaded gold carbon produced from the Mineral Ridge gold deposit, Nevada.
Peter J. Hawley, president and chief executive officer, reports: "This shipment marks the start of precious metal production following just 13 months from completion of the purchase of the Mineral Ridge property. At today's metal prices, each ton of loaded carbon has an estimated value of approximately $100,000 (U.S.). The company would like to thank the operations team for its dedication and hard work during the past year to make this happen, and extends its gratitude to its investors for their continued support."
Approximately 10,000 pounds or five tons of loaded wet carbon from the heap leach carbon columns 1 and 2 were placed into carbon bags and shipped to Metals Research in Kimberley, Idaho, for processing into dore. The company has contracted Metals Research to custom strip its carbon and produce dore bars by April 27, 2011. The dore bars will then be delivered to Johnson Matthey's refinery in Salt Lake City for further refining of the precious metals into separate 99.9-per-cent-pure gold and silver bars. Carbon columns 3, 4 and 5 continue to be loaded and columns 1 and 2 are being restarted.
The company expects to make a substantially larger second shipment of loaded gold carbon in early May, 2011, as the activated leach pads at Mineral Ridge become more mature in the leaching cycle.
Details of the initial loaded gold carbon shipment are presented in a table.
LOADED GOLD CARBON SHIPMENT TO REFINERY Wet Gold Gold Silver Silver Shipped Shipped Shipped Shipped carbon loading loading loading loading gold gold silver silver (Tons) (OPT) (g/t) (OPT) (g/t) (ounces) (grams) (ounces) (grams)0.75 93.6 2,653.4 44.5 1,260.9 71.1 2,016.6 33.8 958.3 0.74 96.8 2,744.1 46.7 1,322.6 71.6 2,030.6 34.5 978.8 0.82 97.8 2,773.8 47.8 1,356.1 80.2 2,274.5 39.2 1,112.0 0.25 93.9 2,663.3 45.0 1,276.5 23.5 665.8 11.3 319.1 0.87 42.8 1,214.4 35.8 1,013.6 37.3 1,056.5 31.1 881.9 0.89 45.7 1,295.1 35.7 1,012.7 40.7 1,152.7 31.8 901.3 0.72 47.9 1,359.1 38.4 1,088.9 34.3 971.7 27.5 778.6 Total Avg. Avg. Avg. Avg. Total Total Total Total 5.04 74.1 2,100.5 42.0 1,190.2 358.7 10,168.4 209.2 5,930.0
Metal estimates remain subject to final assays at refinery. Analytical results were performed by American Assay Laboratory Inc. in Sparks, Nev. AAL does not have ISO/IEC 17025 accreditation but implements a quality management system following ISO/IEC 17025 standards and maintains a paperwork trail for ISO/IEC 17025 accreditation. AAL participates in a number of testing and certification programs, details of which are presented in the company's quality assurance and quality control (QA/QC) program for the Mineral Ridge project at its website. External check assays to verify lab accuracy are routinely completed by ALS Chemex, an ISO 9001:2000-certified and ISO/IEC 17025:2005-accredited laboratory.
For additional information, please see the company's website.
President and chief executive officer, Peter J. Hawley, PGeo, is the company's qualified person for the various company projects. Mr. Hawley is responsible for the current exploration and development programs and has reviewed the content of this release.
We seek Safe Harbor.