Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Routine +

Scorpio Gold Drills 11.84 g/t Gold over 8.39 Metres, Including 40.15 g/t Gold over 0.88 Metres, from 106.21 Metres at Goldwedge

Scorpio Gold Drills High-Grade Gold at Manhattan District; Phase Two Progress Validates Resource Expansion Thesis

By The Northwire Desk — AI Analysis May 13, 2026 · 05:01 SGN · 0.44 Scorpio Gold Corporation
Executive Summary

Scorpio Gold Corp. announced significant gold assay results from step-out drill hole 26MN-075 at the Manhattan District Project in Nevada on May 13, 2026. The key intercepts include 11.84 g/t Au over 8.39 metres and a high-grade interval of 40.15 g/t Au over 0.88 metres from the Goldwedge zone. These results are intended to upgrade previously uncategorized blocks within the Inferred Resource Constraining Pit (IRCP). The company has drilled 80 holes totaling 23,341 metres in Phase Two, with assays completed on 62 holes. One hole was abandoned due to poor conditions. Management emphasizes that Goldwedge acts as connective tissue for a district-scale mineralized system.

Material Impact

The news is categorized as Routine - Positive because it represents expected progress within an announced drilling program rather than a fundamental shift in the company's valuation or strategy. While the grades are high (40 g/t), they align with previous results from the Manhattan District, including the 455 g/t intercept reported earlier in May 2026 and the 740,000 oz maiden resource estimate announced in late 2025. The market has already priced in the potential for resource growth following the $8 million strategic financing by Eric Sprott and Ross Beaty in August 2025. This release confirms geological continuity but does not introduce new capital or a transformative discovery outside the existing district framework.

SGN · Price
Company Overview

Scorpio Gold Corp. is an exploration company focused on the Manhattan District in Nevada, USA. The district is located approximately 15 km south of Kinross’ Round Mountain Gold Mine. The flagship asset includes the Goldwedge underground mine (with a permitted 400 t/d gravity mill) and various open-pit targets like Reliance Trend, Black Mammoth, and Mustang Hill. The company holds 100% interest in the consolidated district. A maiden mineral resource estimate of 740,000 oz Au at 1.26 g/t (Inferred) was announced in September 2025.

Read the original news release →

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