Scorpio Gold Drills 3.38 g/t Gold over 33.31 Metres from 138.90 Metres at the Goldwedge Target at Manhattan
Scorpio reports high-grade gold in the Goldwedge interval within volcanics, marking an incremental step-out in its expansive exploration program.
Scorpio Gold Corporation (SGN) has released assay results from four step-out drill holes at its Manhattan District Project in Nevada. The holes, designated 26MN-109, 111, 112, and 114, focus on the Goldwedge area, where hole 26MN-109 returned several significant intervals. These include 2.83 g/t Au over 11.89 m from 97.08 m, 9.46 g/t Au over 8.72 m from 126.00 m, and 3.38 g/t Au over 33.31 m from 138.90 m, which includes a higher-grade sub-interval of 6.90 g/t over 12.89 m. Additionally, the hole returned 0.68 g/t Au over 12.62 m from 177.21 m.
Along the Zanzibar Trend, hole 26MN-114 returned 15.28 g/t Au over 2.56 m, as well as a broader interval of 0.98 g/t Au over 23.2 m that contains a 5.11 g/t sub-interval. The remaining two holes, 26MN-111 and 26MN-112, returned only modest intervals below 1.2 g/t Au. The company noted that the Goldwedge intercepts demonstrate mineralization within the Manhattan Caldera Volcanics, a geological unit previously dismissed by prior operators.
Scorpio Gold Corporation (SGN) is a junior explorer with a large inferred resource already defined, and its value thesis hinges on expanding to a multi-million-ounce system. Today’s results are part of an ongoing, fully funded 50,000-m program. The market has been conditioned to expect regular intercepts of this caliber, citing the consistent flow of 0.5-2+ g/t over 20-100 m in recent months.
The stock has drifted lower from its $0.60 peak to $0.30, reflecting financing dilution and a tough gold equity environment. The 26MN-109 hole does not materially change the resource picture on its own; it is not a discovery, nor does it substantially upgrade the grade or continuity of the known mineralization.
Scorpio Gold Corporation (SGN) is a Canadian junior explorer focused on the Manhattan District in Nevada, a past-producing gold camp near Round Mountain. The company holds a 100% interest in approximately 4,780 hectares and reports a maiden inferred resource of 740 koz @ 1.26 g/t Au (2025). A historical resource of 304 koz @ 5.89 g/t exists at satellite deposits.
Scorpio Gold possesses a 400-t/d gravity mill (Goldwedge, currently not operating) and is executing a 50,000-m drill program. Notable shareholders include Ross Beaty and Eric Sprott. The company’s cash position was ~$5.7M at March 31, 2026, boosted by a recent $10.8M public offering. The company has no revenue.