Northwire Canada EditionWednesday, October 21, 2026
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GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4% GOLD 4142.60 −0.4% SILVER 58.15 +1.5% COPPER 6.62 +0.6% OIL 97.82 −0.7% PALLADIUM 1104.00 −1.7% DSV 11.23 −1.1% PMET 3.23 +1.2% GAL 0.390 −1.9% EVI 0.480 −2.0% SF 0.365 −2.7% EPL 0.175 +0.0% TORQ 0.055 +0.0% LMG 0.390 −2.5% MMY 0.760 +0.0% MOX 0.205 +0.0% ADZ 0.150 +25.0% NXS 0.150 +0.0% ETG 2.69 −11.2% EMNT 0.355 +1.4% PPM 0.120 −20.0% CERT 2.35 −0.4%
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 →

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