[audio] Q&A with Steve Roebuck, President of Scorpio Gold

“This is just the beginning of the story for Scorpio Gold… we maintain profitability in this challenging market, providing us with cash flow to do exploration.” –Steve Roebuck

Highlights from interview with Scorpio Gold (CVE: SGN) (OTCMKTS: SRCRF):

a) +30,000 ounces gold produced in 2014 so far, target is 40-45,000 ounces for full year

b) Roughly $2M Cash, $16M Working Capital, and $12M metals in process inventory

c) Over its lifetime, 1 million ounces have been mined off a footprint the size of a business card, the entire Mineral Ridge land package is like a standard sized desk.

d) Up to November, approximately 125,000 feet of RC drilling completed, “we think we’ll hit 150k by year end”, 3 rigs are onsite, and it’s a great time to be working because costs are low… Scorpio paying between $13-$15 per foot for high quality drillers.

e) of the $26.5M Scorpio has borrowed, it has repaid $22.5M… about $4M in debt remaining (never gone back to market to sell equity)

f) Announced discovery at “Physik” target November 3rd, drill hole MR141107 returning 31.79 g/t gold over 4.57 meters within 15 meters of surface. Blind discovery just 1,000 feet from the Mary Pit.

g) 4 core holes have been drilled at Goldwedge, fully permitted and functional mill onsite, results could be released in December or first part of 2015.

*Disclosure: no money was paid by Scorpio Gold for this distribution