Northwire Canada EditionFriday, July 24, 2026
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AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0% AVX 0.005 −nan% AII 19.91 −1.0% GWM 0.480 +0.0% GEN 0.065 +0.0% NIO 0.135 −3.6% III 7.22 −2.8% NCAU 0.295 −3.3% NEV 0.040 +0.0% ITR 3.00 −1.6% ALDE 2.79 −0.7% TECK 84.18 +4.4% FVI 11.83 −2.2% SUM 1.31 −1.5% RSMX 0.115 +4.5% STW 0.105 +5.0% PAT 0.250 +0.0%
Drill Results Routine +

Scorpio Gold Drills 16.49 Metres Grading 2.74 g/t Gold from 45.45 Metres Along the Zanzibar Trend, at the Manhattan District, Nevada

Drill Continuity Confirmed, But Market Awaits Resource Catalyst to Break Consolidation

By The Northwire Desk — AI Analysis Apr 28, 2026 · 04:01 SGN · 0.368 Scorpio Gold Corporation
Executive Summary
  • Scorpio Gold Corp. announced assay results from three step-out holes (26MN-064, 26MN-065, and 26MN-066) at the Manhattan District Project in Nevada on April 28, 2026.
  • Key intercepts include 16.49 metres grading 2.74 g/t Au from 45.45 metres along the Zanzibar Trend and high-grade intervals within the Gap Zone (e.g., 25.66 g/t Au over 0.85 m).
  • The company has completed 21,706 meters of drilling across 75 holes to date, with assays for approximately 18,231 meters completed and 3,475 meters pending.
  • Management highlights mineralization continuity along the Zanzibar Trend and its relationship to the broader Reliance corridor, suggesting a significant new structural corridor adjacent to the main trend.
  • This release is part of an ongoing Phase Two drill program initiated in late 2025/early 2026 targeting resource expansion beyond the Inferred Resource Constraining Pit (IRCP).
Material Impact
  • Routine - Positive: The news confirms expected results from a well-funded, multi-rig drilling campaign that has been active for several months. While grades are encouraging, they do not represent a fundamental shift in the company's valuation profile compared to previous announcements in February and March 2026 which drove the stock to $0.60.
  • Market Expectations: The market has already priced in the Phase Two program success following the maiden Mineral Resource Estimate (MRE) in September 2025 and subsequent high-grade drill hits. This release validates the geological model but lacks a new catalyst such as an updated MRE or major acquisition to trigger a significant re-rating.
  • Price Context: The stock has corrected significantly from its February 2026 peak of $0.60 to current levels around $0.37. Routine drill results often fail to sustain momentum without a resource update, suggesting limited immediate upside unless this data accelerates the next MRE timeline.
  • Capital Structure Impact: No new financing or dilution is announced in this specific release, maintaining the clean equity profile established by the February 2026 warrant exercises ($7.9M proceeds).
SGN · Price
Company Overview
  • Company: Scorpio Gold Corp., TSXV: SGN | OTCQB: SRCRF | FSE: RY9.
  • Flagship Project: Manhattan District, Nevada (100% owned).
  • Project Status: Exploration / Development (Resource definition phase).
  • Location: ~15 km south of Kinross’ Round Mountain Gold Mine (a 15M+ oz operation), providing infrastructure and geological context.
  • Current Resource: Maiden Mineral Resource Estimate (June 2025) of 740,000 oz Au at 1.26 g/t (Inferred). Historical resources total ~304,000 oz Au at 5.89 g/t (non-compliant).
  • Strategy: Consolidate contiguous properties into a district-scale opportunity; fund aggressive 12-month drill program (>50,000 m) to expand resource and advance toward open-pit production.
Read the original news release →

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Jul 23, 2026 · 09:30

Scorpio’s discounted $10.8m equity raise extends Manhattan drilling runway amid dilution.

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Drill Results Jun 24, 2026 · 05:01

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Drill Results Jun 08, 2026 · 05:01

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Drill Results Jun 02, 2026 · 05:01

Scorpio Gold's Manhattan District Drilling Continues to Step Out, But Stock Consolidates Near Key Support

Drill Results