11:39 AM EST - Scorpio Gold Corporation : Announced its 2016 guidance and budget for the 70% owned Mineral Ridge project, located in Nevada. Production: 30,000 to 35,000 ounces gold. Total Cash Cost: $850 to $900 U.S. per ounce of gold sold. Production in 2016 is scheduled from the Mary LC Phase 3 pit and from the Bluelite, Solberry and Brodie satellite pits. Scorpio Gold is seeking approval from the Nevada Bureau of Land Management for its Environmental Assessment application to open pit mine the Custer and Oromonte deposits and any potential new resources outlined within the newly acquired Paris claim. Scorpio Gold Corporation
shares V.SGN are trading down $0.01 at $0.09.
