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 0.58 g/t Gold over 18.04 Metres from 311.05 Metres Within Manhattan Caldera, at Black Mammoth

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

By The Northwire Desk — AI Analysis Jun 02, 2026 · 05:01 SGN · 0.35 Scorpio Gold Corporation
Executive Summary
  • Scorpio Gold Corp. announced assay results from two step-out drill holes (26MN-078 and 26MN-088) at the Black Mammoth target within its Manhattan District Project in Nevada.
  • Hole 26MN-078 returned 0.58 g/t Au over 18.04 m from 311.05 m, along with additional lower-grade intervals.
  • Hole 26MN-088 returned 0.35 g/t Au over 17.4 m from 185.96 m, including a higher-grade interval of 2.55 g/t Au over 1.49 m.
  • Both holes step out more than 250 meters beyond the current Inferred Resource Constraining Pit (IRCP), targeting the northern deposit margin where caldera contacts become dominant.
  • This zone had never been tested with modern drilling prior to this program.
  • Phase Two diamond drilling has now completed 91 holes totaling 25,838 m, with 73 holes assayed and 18 holes pending.
  • Management highlights the geological analogy to the nearby Round Mountain Gold Mine, suggesting potential for wide, bulk-tonnage mineralization within the caldera volcanics.
Material Impact
  • The June 2, 2026 drill results are consistent with the company's ongoing Phase Two exploration program, which has been releasing step-out results consistently since April 2026.
  • The intercepts are in line with previous announcements, reinforcing the structural model and extending mineralization beyond the IRCP without introducing unexpected grade or tonnage surprises.
  • The news is incremental, expected, and serves to build the geological case for a district-scale system rather than materially altering the company's financial position or near-term valuation.
  • No new strategic partnerships, financing events, or resource estimate updates are attached to this release, keeping the impact routine.
SGN · Price
Company Overview
  • Scorpio Gold Corp. is a pre-revenue exploration company focused on the 100% owned Manhattan District in Nye County, Nevada.
  • The district is located approximately 15 km south of Kinross Gold's operating Round Mountain Mine, a 15+ million ounce producer.
  • The flagship project includes the advanced exploration-stage Goldwedge Mine, which features a permitted 400-ton-per-day gravity mill.
  • A maiden NI 43-101 Mineral Resource Estimate was filed in June 2025, reporting 18.34 million tonnes grading 1.26 g/t Au for 740,000 ounces contained gold in the inferred category.
  • Historical resources cover satellite deposits totaling approximately 304,000 ounces at 5.89 g/t Au.
  • The company is executing a 50,000-metre Phase Two drilling program aimed at expanding the resource, converting historic data, and testing new targets like Black Mammoth, Zanzibar Trend, and Reliance Trend.
Read the original news release →

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