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 2.56 g/t Gold over 13.38 Metres from 293.28 Metres Within Manhattan Caldera, at Black Mammoth

Scorpio Gold’s Manhattan District drilling validates district-scale potential as the stock consolidates near multi-month lows.

By The Northwire Desk — AI Analysis Jun 24, 2026 · 05:01 SGN · 0.29 Scorpio Gold Corporation
Executive Summary
  • Scorpio Gold Corp. announced assay results from two step-out drill holes (26MN-092 and 26MN-096) at its Manhattan District Project in Nevada.
  • Hole 26MN-096 intersected 2.56 g/t Au over 13.38 m from 293.28 m, including a high-grade interval of 8.38 g/t Au over 3.84 m, hosted in Manhattan Caldera volcanics.
  • Hole 26MN-092 returned multiple intervals along the Zanzibar Trend, including 0.83 g/t Au over 18.01 m and a high-grade 5.80 g/t Au over 1.37 m.
  • Both holes stepped out >230 m beyond the current Inferred Resource Constraining Pit (IRCP), confirming mineralization remains open outside the 2025 block model across two distinct host lithologies.
  • Phase Two drilling status: 96 holes drilled to date (27,712 m total). Assays reported on 79 holes (22,974 m); 19 holes (4,738 m) remain pending.
  • The results continue the company's systematic testing of the Zanzibar Trend and Black Mammoth targets, reinforcing the geological analogy to the nearby Round Mountain system.
Material Impact
  • The drill results are geologically significant but represent an incremental update to the ongoing 50,000-metre Phase Two program.
  • Management has consistently reported step-out results over the past four months, establishing a clear pattern of district-scale mineralization. The market has already priced in this exploration trajectory.
  • No new resource estimate, financing, or operational milestone is attached to this release.
  • The news validates the company's geological model but does not materially alter the near-term financial outlook or valuation. It is a routine positive exploration update.
SGN · Price
Company Overview
  • Scorpio Gold Corp. holds a 100% interest in the ~4,780-hectare Manhattan District in Nye County, Nevada, located ~15 km south of Kinross' Round Mountain Gold Mine.
  • The district includes the advanced exploration-stage Goldwedge Mine (400 tpd gravity mill capacity) and four past-producing pits acquired from Kinross in 2021.
  • Maiden Mineral Resource Estimate (June 2025): 18.34 Mt @ 1.26 g/t Au for 740,000 oz contained gold (Inferred category).
  • Historical MRE (1997): 1.65 Mt @ 5.89 g/t Au for 304,000 oz (not treated as current due to outdated standards).
  • Geological setting: Low-sulfidation epithermal system hosted in Paleozoic basement rocks, Ordovician limestone, and Oligocene volcanic tuffs. Management targets a multi-million-ounce district-scale resource.
Read the original news release →

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