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 2.77 g/t Gold over 12.68 Metres from 58.64 Metres Along the Zanzibar Trend, at Manhattan, Nevada

Manhattan District Execution Validates Phase Two Thesis Amid Consolidation

By The Northwire Desk — AI Analysis May 28, 2026 · 05:01 SGN · 0.335 Scorpio Gold Corporation
Executive Summary
  • Scorpio Gold Corp. announced drill results from five step-out holes (Phase Two) at the Manhattan District Project in Nevada, USA on May 28, 2026.
  • Significant high-grade gold intercepts were returned along the Zanzibar Trend and Reliance Trend, expanding the mineralized footprint beyond the Inferred Resource Constraining Pit (IRCP).
  • Hole 26MN-085 returned 7.52 g/t gold over 2.41 m from 120.36 m on the Reliance Trend, representing new mineralization approximately 85 metres outside the IRCP along the Caldera margin.
  • Phase Two drilling has successfully encountered high-grade gold mineralization along approximately half of the previously untested 300 metres of strike length along the Zanzibar Trend.
  • Total program status includes 89 drill holes drilled to date for a grand total of 25,399 m; assays reported on 72 holes (21,039 m) with pending results from 17 holes (4,360 m).
Material Impact
  • The news is categorized as Routine - Positive because it represents expected progress within an announced 50,000-metre drill program rather than a fundamental change in valuation drivers like a resource update or major financing.
  • While the intercepts are high-grade (e.g., 20.93 g/t Au over 1.58 m), similar results have been reported consistently throughout May 2026, suggesting the market has already priced in this level of exploration success.
  • The expansion beyond the IRCP is technically material for long-term resource growth but does not immediately alter the current inferred resource estimate of 740,000 oz Au announced in September 2025.
  • Financially, the company remains well-funded with $12M+ cash on hand following the Mineral Ridge sale and warrant exercises, reducing immediate capital risk.
  • The primary impact is validation of management's execution capability rather than a new catalyst for significant price appreciation absent further resource upgrades.
SGN · Price
Company Overview
  • Scorpio Gold Corp. is an exploration-stage company focused on the Manhattan District Project in Nevada, USA.
  • The flagship project includes the advanced exploration-stage Goldwedge mine with a 400-ton-per-day gravity mill capacity.
  • The district spans approximately 4,780 hectares and lies ~15 km south of Kinross’ Round Mountain Gold Mine.
  • A maiden mineral resource estimate (MRE) was filed in September 2025 comprising 18,343,000 tonnes grading 1.26 g/t Au for a total of 740,000 oz contained gold in the inferred category.
  • Historical resources cover satellite deposits totaling ~304,000 oz Au at higher grades (5.89 g/t), which are not currently treated as compliant but offer upside potential.
Read the original news release →

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Drill Results May 13, 2026 · 05:01

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

Drill Results