Northwire Canada EditionTuesday, November 3, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +0.0% Gold 3,969.60 +1.8% Silver 50.89 +3.3% Copper 6.54 +0.9% Oil 96.46 −7.4% Palladium 962.50 −2.5% QRO 0.030 +0.0% PGC 0.030 +0.0% SASK 0.840 −2.3% GIGA 0.050 +0.0% WDO 26.12 +2.2% ERO 40.76 +0.2% BIRD 0.160 −13.5% ODV 3.20 −1.8% FVI 12.72 +3.1% SRI 0.015 + BTR 0.125 +4.2% NVO 0.065 +8.3% BTT 0.110 +4.8% MUX 19.55 +0.8% SCD 0.150 +0.0% PPX 0.220 +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 →

More from Scorpio Gold Corporation

Aug 27, 2026 · 16:15

Scorpio’s NASDAQ listing approval secures US market access without requiring share consolidation.

Regulatory Aug 10, 2026 · 05:01

Scorpio reports high-grade gold in the Goldwedge interval within volcanics, marking an incremental step-out in its expansive exploration program.

Drill Results Jul 27, 2026 · 05:01

Scorpio Gold lists on Nasdaq to broaden U.S. capital access for its Nevada gold exploration projects.

Regulatory Jul 23, 2026 · 09:30

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

Financings Jul 15, 2026 · 16:18

Scorpio Gold raises $8m at a 7% discount to fund drilling at Manhattan, where strong intercepts have been reported.

Financings Jul 14, 2026 · 05:01

Scorpio’s 98m at 2.05 g/t gold step-out at Goldwedge extends bulk-tonnage mineralization.

Drill Results