Scorpio Gold Drills 25.02 Metres Grading 0.76 g/t Gold, from 138.35 Metres Along the Reliance Trend at the Manhattan District, Nevada
High-profile backing and asset divestiture fund aggressive Nevada drill campaign, though recent grades highlight bulk-tonnage rather than high-grade focus.
On January 23, 2026, Scorpio Gold released results from its ongoing Phase Two drilling program at the Manhattan District in Nevada. The release highlighted hole 25MN-036, which intercepted 25.02 metres grading 0.76 g/t gold starting from 138.35 metres depth within the "Reliance Trend." Other intercepts included 19.39 metres of 0.51 g/t gold and several narrower intervals generally below 1.0 g/t gold.
The company reported that 38 holes (11,906 metres) of the planned 50,000-metre program are complete. Assays are pending for 12 holes. Management indicated they are moving a rig to test targets outside the core resource footprint (Black Mammoth) to demonstrate district-scale potential.
The news is Routine - Positive. * Resource Continuity: The results confirm the continuity of mineralization within the Inferred Resource Constraining Pit (IRCP). The intercepts (e.g., 25m @ 0.76 g/t) are consistent with, though slightly below, the existing resource grade average of 1.26 g/t reported in September 2025. * Operational Momentum: The completion of nearly 12,000 metres and the movement of rigs to new targets (Black Mammoth) demonstrates the company is executing its funded program efficiently. * Grade Reality: While positive for adding tonnage, these specific results are not high-grade "bonanza" hits. They support a bulk-tonnage open-pit thesis rather than a high-grade underground scenario in this specific zone. * No Negative Surprises: The drilling hit gold where expected. There were no "dusters" (empty holes) reported in the highlighted intervals, de-risking the geological model.
- Company: Scorpio Gold Corp. is a revitalized junior explorer focused on Nevada.
- Flagship Project: Manhattan District, Nevada (100% owned).
- Geology: Located in the Walker Lane Trend. Features high-grade historic workings and bulk tonnage potential.
- Resource: Maiden Mineral Resource Estimate (Sept 2025) of 740,000 oz Gold (Inferred) grading 1.26 g/t.
- Infrastructure: Includes a 400-ton-per-day gravity mill (Goldwedge) and fully permitted underground workings, though the current focus is open-pit expansion.
- Recent Acquisition: Betty East Property (Optioned Jan 2026) expands the land package to the south, connecting claims.