Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

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.

By The Northwire Desk — AI Analysis Jan 23, 2026 · 06:01 SGN · 0.43 Scorpio Gold Corporation
Executive Summary

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.

Material Impact

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.

SGN · Price
Company Overview
  • 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.
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