Scorpio Gold Drills 40.23 Metres Grading 1.02 g/t Gold, from 195.68 Metres at Black Mammoth, a Second 250 Metre Step-Out from Goldwedge, at the Manhattan District, Nevada
Scorpio Gold expands Manhattan footprint as high-grade step-outs validate district-scale potential in Nevada.
The most recent news (April 1, 2026) reports significant step-out drill results from the Phase 2 program at the Manhattan District, Nevada. Key intercepts include 40.23m grading 1.02 g/t Au at the Black Mammoth target, located approximately 250m from the current Goldwedge resource. Additionally, high-grade mineralization was hit at Iron Queen (21.8 g/t Au over 1.05m). To support market awareness, the company entered a C$125,000 marketing agreement with Investor Insights Systems Inc., including 200,000 options at C$0.39.
The news is Material - Positive. - Resource Expansion: The 250m step-out at Black Mammoth successfully extends mineralization well beyond the existing Inferred Resource Constraining Pit (IRCP). This confirms the "caldera margin" thesis and suggests the current 740,000 oz resource has a clear path toward the company's internal 1-2 million-ounce target. - Consistency: This follows a string of positive results from February and March 2026, showing that the Phase 2 program is consistently hitting mineralized structures (Zanzibar, Reliance, and now Black Mammoth). - Operational Readiness: The results are "additive" to the geological model, increasing the probability of a significant resource upgrade in late 2026.
Scorpio Gold holds a 100% interest in the Manhattan District in Nye County, Nevada. The flagship project is a consolidated land package featuring the Goldwedge Mine (permitted underground workings and a 400 tpd mill—currently being divested/repurposed) and several past-producing pits (Reliance, West, East). The project sits 20km south of the massive Round Mountain mine.