Northwire Canada EditionSaturday, July 25, 2026
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B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9% B 0.150 +0.0% IFOS 2.28 −2.6% IMM 0.060 +0.0% ROCK 3.38 −1.7% NVX 0.250 −7.4% HAR 0.050 +0.0% YGT 0.175 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 204.81 +0.7% OPW 0.105 +5.0% GRL 0.275 −1.8% AIS 0.150 +0.0% CUU 0.580 −1.7% SOMA 0.720 +5.9%
Drill Results Routine +

Scorpio Gold Drills 22.25 Metres Grading 2.09 g/t Gold, from 34.14 Metres Along the Zanzibar Trend, at the Manhattan District, Nevada

Manhattan District Drilling Validates High-Grade Zanzibar Trend Potential

By The Northwire Desk — AI Analysis Apr 16, 2026 · 06:01 SGN · 0.36 Scorpio Gold Corporation
Executive Summary
  • Date: 2026-04-16
  • Event Type: Drilling Results (Phase Two Program)
  • Key Intercepts: Hole 26MN-063 returned 2.09 g/t Au over 22.25 m, including a high-grade interval of 45.19 g/t Au over 0.85 m along the Zanzibar Trend.
  • Program Status: Total drilling to date is 20,518 meters across 72 holes; 3,125 meters (16 holes) remain pending assay results.
  • Management Commentary: VP Exploration Harrison Pokrandt identifies the Zanzibar Trend as a "priority-one target" and a newly defined zone splays off the main Reliance structure with significant potential to be additive to the existing resource base.
  • Context: This release is part of the ongoing Phase Two drilling program announced in October 2025, targeting a minimum of 50,000 meters by August 2026.
Material Impact
  • Incremental Validation: The results reinforce the geological model established during the Maiden Mineral Resource Estimate (MRE) announcement in September 2025 and subsequent drill programs. They do not constitute a new resource estimate or a fundamental change to the valuation model at this stage.
  • Grade Confirmation: The high-grade intercepts (45.19 g/t Au) support the company's thesis of district-scale potential but are consistent with previous high-grade announcements in February and March 2026 (e.g., 22.81 g/t Au, 21.8 g/t Au).
  • Capital Structure: The news does not involve new financing or dilution; the company remains well-funded following the $7.9 million warrant exercise in February 2026 and the $8 million private placement in August 2025.
  • Market Expectation: Given the aggressive Phase Two program was fully funded and targets were identified months ago, these results are largely expected by the market as part of the execution roadmap rather than a surprise catalyst.
SGN · Price
Company Overview
  • Company: Scorpio Gold Corp. (TSXV: SGN).
  • Flagship Project: Manhattan District, Nevada, USA.
  • Location: ~15 km south of Kinross’ Round Mountain Gold Mine.
  • Status: Exploration/Development (Resource Definition Phase).
  • Maiden MRE: 740,000 oz Au Inferred at 1.26 g/t Au (June 2025 effective date).
  • Historical Resources: ~304,000 oz Au (non-compliant) across satellite deposits like Keystone Jumbo and Black Mammoth.
  • Infrastructure: Includes a permitted 400 t/d gravity mill at Goldwedge Mine; recently sold idle processing assets to fund core processing facility upgrades.
Read the original news release →

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