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 1.27 g/t Gold over 45.23 Metres from 137.95 Metres Along Caldera Margin at Goldwedge

Scorpio Gold advances Manhattan District Phase 2 drilling with consistent Goldwedge intercepts, maintaining exploration momentum amid a steady cash position.

By The Northwire Desk — AI Analysis Jun 08, 2026 · 05:01 SGN · 0.31 Scorpio Gold Corporation
Executive Summary
  • Scorpio Gold Corp. announced assay results from three step-out drill holes (26MN-082, 26MN-084, 26MN-086) at the Goldwedge target within its Manhattan District Project in Nevada.
  • Hole 26MN-086 returned 1.27 g/t Au over 45.23 m from 137.95 m, including higher-grade intervals of 2.40 g/t Au over 7.47 m and 8.06 g/t Au over 2.80 m.
  • The results support the geological hypothesis that volcanic-hosted mineralization extends beyond the Caldera Margin into the broader Manhattan Caldera.
  • Phase Two drilling status: 92 holes drilled to date (25,919 m total). Assays reported for 76 holes (22,362 m), with 16 holes (3,557 m) pending.
  • QA/QC protocols remain consistent, utilizing Paragon Geochemical (ISO 17025:2017) with ~10% QA inserts.
Material Impact
  • The drill results are incremental and align with the company's stated Phase Two exploration strategy of testing step-out targets and expanding the Inferred Resource Constraining Pit (IRCP).
  • No material change to the maiden Mineral Resource Estimate (740,000 oz Inferred) is expected from this single release.
  • The news is expected and routine, continuing the steady cadence of exploration updates since April 2026.
  • Financially, the company remains well-funded with $5.69M in cash (Q1 2026), recent warrant exercises, and escrow releases from the Mineral Ridge sale, mitigating immediate capital raising pressure.
SGN · Price
Company Overview
  • Scorpio Gold Corp. is a pre-revenue gold exploration company focused on the 100% owned Manhattan District in Nye County, Nevada.
  • Flagship Project: Manhattan District, located ~15 km south of Kinross’ Round Mountain Gold Mine.
  • Maiden Mineral Resource Estimate (June 2025): 18.34 Mt @ 1.26 g/t Au for 740,000 oz Inferred (0.3 g/t cutoff).
  • Historical Resource: 1.65 Mt @ 5.89 g/t Au for 303,949 oz (pre-2014 standards, not treated as current).
  • The company is executing a 50,000 m Phase Two diamond drilling program targeting resource expansion along the Zanzibar Trend, Reliance Trend, Black Mammoth, and Goldwedge areas.
  • The project includes a permitted 400 t/d gravity mill at Goldwedge and retains valuable water rights and historical infrastructure.
Read the original news release →

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