Northwire Canada EditionWednesday, November 11, 2026
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Gold 4,025.40 −0.1% Silver 52.39 +2.3% Copper 6.27 +0.6% Oil 88.70 +3.1% Palladium 1,064.00 +4.2% ORCL 0.030 +0.0% ELD 49.98 −0.9% OPW 0.150 +0.0% CDE 21.77 +0.3% AEM 268.16 −0.9% WDO 28.16 −0.6% BEA 0.090 +0.0% GAU 3.54 −0.6% BTO 7.54 −0.1% IMG 26.22 −0.5% BOL 0.060 +0.0% CNT 0.030 +0.0% EXN 0.253 +2.0% MNRG 0.075 +0.0% GSKR 2.83 −1.4% FPC 0.440 −1.1% Gold 4,025.40 −0.1% Silver 52.39 +2.3% Copper 6.27 +0.6% Oil 88.70 +3.1% Palladium 1,064.00 +4.2% ORCL 0.030 +0.0% ELD 49.98 −0.9% OPW 0.150 +0.0% CDE 21.77 +0.3% AEM 268.16 −0.9% WDO 28.16 −0.6% BEA 0.090 +0.0% GAU 3.54 −0.6% BTO 7.54 −0.1% IMG 26.22 −0.5% BOL 0.060 +0.0% CNT 0.030 +0.0% EXN 0.253 +2.0% MNRG 0.075 +0.0% GSKR 2.83 −1.4% FPC 0.440 −1.1%
Drill Results

Scorpio Gold Drills 36.82 Metres Grading 5.22 g/t Gold, from 127.01 Metres Along the Reliance Trend at the Manhattan District, Nevada

Nevada District Consolidation Strategy Validated by High-Grade Intercepts and Strategic Institutional Backing

By The Northwire Desk — AI Analysis Feb 11, 2026 · 06:01 SGN · 0.35 Scorpio Gold Corporation
Executive Summary

The February 11, 2026, news release reports significant high-grade gold intercepts from the ongoing 50,000-metre Phase Two diamond drilling program at the Manhattan District Project in Nevada. Key highlights include: - Hole 25MN-042: 36.82 metres grading 5.22 g/t gold from 127.01 metres, including a sub-interval of 4.88 metres at 19.86 g/t gold. - Hole 25MN-043: 7.01 metres grading 9.03 g/t gold from 268.53 metres, including 1.37 metres at 41.21 g/t gold. - Status: 44 holes (14,324m) of Phase Two have been completed, with assays reported for 33 holes and 11 holes (3,924m) still pending. - Objective: The drilling targets the Reliance Trend to add inventory ahead of an upcoming mineral resource update and tests step-out targets like Black Mammoth.

Material Impact

The impact is Material - Positive for the following reasons: - Grade Superiority: The reported intercept of 5.22 g/t over 36.82m is significantly higher than the current Maiden Mineral Resource Estimate (MRE) grade of 1.26 g/t. This suggests a potential for a material increase in the average grade of the project in future updates. - Execution Continuity: Following the September 2025 MRE, the company has maintained a "steady cadence" of results. This news confirms that high-grade mineralization persists along the Reliance Trend and is open to depth. - Strategic Validation: The news reinforces the investment thesis that attracted Ross Beaty and Eric Sprott in late 2025 ($0.25 entry). The ability to find >5 g/t gold over wide widths in Nevada is a key differentiator for a junior explorer. - Resource Growth: Management is explicitly targeting a "multi-million-ounce" system; these results are the first concrete evidence in 2026 that the current 740,000-ounce inferred base has significant room to grow both in tonnage and grade.

SGN · Price
Company Overview
  • Summary: Scorpio Gold is a Nevada-focused gold explorer and emerging developer.
  • Flagship Project: The Manhattan District Project (100% owned), which includes the Goldwedge Project and the Manhattan Project (acquired from Kinross in 2021).
  • Infrastructure: Includes a 400-ton-per-day gravity mill and valuable water rights, providing a massive advantage over peers who must build from scratch.
  • Resource: Maiden Inferred Resource (Sept 2025) of 740,000 oz gold at 1.26 g/t. Historical high-grade resources of ~300,000 oz at 5.89 g/t also exist in the district but are not yet NI 43-101 compliant.
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