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ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2% ERD 6.16 −1.4% NFG 2.37 +2.2% CLM 0.060 +0.0% GEMG 1.64 +0.0% STGO 1.56 +2.6% WEX 0.580 −3.3% NOBL 0.120 +9.1% LGO 1.00 −3.9% SSE 0.095 +0.0% AAZ 0.040 +0.0% MNRG 0.095 +11.8% RME 0.260 +30.0% NUAG 9.48 +1.3% KRN 0.300 +11.1% EON 0.020 −nan% EMO 0.420 −1.2%
Resource Estimate

Scorpio Gold Files Technical Report Detailing Mineral Resource Estimate

By The Northwire Desk — AI Analysis Oct 23, 2025 · 18:41 SGN · 0.345 Scorpio Gold Corporation
SGN · Price

Executive Summary

  • Scorpio Gold filed an NI 43‑101 technical report announcing its maiden mineral resource estimate (Maiden MRE) for the 100% owned Manhattan District in Nevada.
  • The Maiden MRE comprises an inferred resource of 740,000 oz Au at 1.26 g/t Au based on 1,341 drill holes and 92,635 m of drilling.
  • A historical mineral resource estimate (Historical MRE) for satellite deposits is also disclosed, totaling 303,949 oz Au at 5.89 g/t Au (not treated as current).

Key Details

  • Technical Report: “Mineral Resource Estimate and NI 43‑101 Technical Report, Manhattan Property, Nye County, Nevada,” effective June 4 2025; prepared by qualified consultants (Archer Cathro Geological, Daniel Kunz & Associates, Geosyntec Consultants, Fort Lowell Consulting).
  • Qualified Person: Thomas Poitras, P. Geo, Chief Geologist of Scorpio Gold, validated and approved the release.
  • Maiden MRE Highlights
  • Inferred category resource: 740,000 oz Au (1.26 g/t) using a 0.3 g/t Au cut‑off.
  • Based on 1,341 drill holes, totaling 92,635 m of drilling within the Maiden area.
  • Includes summaries of seven metallurgy test programs (1975–2012).
  • Historical MRE Highlights (non‑current)
  • Resource: 303,949 oz Au contained in 1,652,325 t at 5.89 g/t Au covering Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas.
  • Project Context
  • Manhattan District (~4,780 ha) lies ~20 km south of the operating Round Mountain Gold Mine.
  • Historically produced ≈ 700,000 oz Au from placer and lode operations (late‑1890s to mid‑2000s).
  • Consolidated past‑producing mines under a single entity with valuable permitting and water rights; includes the advanced exploration‑stage Goldwedge Mine with a 400 t/d gravity mill.
  • Access to Report: Full technical report available on Scorpio Gold’s website and SEDAR+ (link provided in release).

Notable Quotes

“The maiden mineral resource estimate represents a significant milestone for Scorpio Gold, confirming the substantial gold endowment of the Manhattan District and providing a strong foundation for future development.” – Zayn Kalyan, CEO & Director

Materiality Assessment: Material – Positive (new, sizable inferred resource that materially enhances the company’s valuation and development outlook).

Read the original news release →

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