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UPDATE: Scorpio Gold Drilling Encounters Gold at Mary LC Zone, Yet Shares Fall 4%

Scorpio Gold Corporation (SGN.V) reported additional drill results from its 2012 drilling program on the Mary LC Zone.

Peter J. Hawley, CEO, said: "Results from the current drilling program continue to support modification of the Mary pit design and extending the pit wall from its current planned location, which is based on drilling up to the end of 2011, to the southwest to include the continuation of mineralization into the Mary LC Zone."

SGN lost nearly 4% in early trade, hitting the lower end of day range $0.75 - $0.78. Volume traded is about 7,000.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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