Northwire Canada EditionTuesday, July 28, 2026
Sign inSubscribe
Northwire
⌕
LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0% LUG 81.27 +2.4% ETG 2.65 +1.1% ARIC 0.860 +2.4% ABC 0.020 +0.0% WEC 0.010 +0.0% NTB 0.020 +0.0% URC 3.83 −8.2% BEX 0.085 +6.2% SUM 1.32 +0.0% FMN 0.270 +10.2% PHNM 0.405 +12.5% HDRO 1.11 −6.7% PWM 0.620 −1.6% LIO 0.155 +10.7% NTH 0.160 +1.6% ELEF 0.120 −4.0%
Drill Results Material +

Scorpio Gold Drills 24.69 Metres Grading 0.75 g/t Gold, from 230.12 Metres at Black Mammoth, a 250 Metre Step-Out from Goldwedge, at the Manhattan District, Nevada

Scorpio Gold Unlocks High-Grade Nevada Potential as Step-Out Drilling Hits 250m Beyond Known Resource

By The Northwire Desk — AI Analysis Mar 19, 2026 · 05:01 SGN · 0.405 Scorpio Gold Corporation
Executive Summary

The most recent news (March 19, 2026) reports significant step-out drilling results from the Black Mammoth zone at the Manhattan District Project, Nevada. Key highlights include 24.69 metres grading 0.75 g/t gold, including a higher-grade interval of 1.25 g/t over 14.95 metres. This drilling represents a 250-metre step-out to the northwest of the Goldwedge deposit, confirming that mineralization remains open along the caldera margin. To date, the company has completed 56 holes in its Phase Two program, with 14 assays still pending.

Material Impact

The news is Material - Positive because it validates the "district-scale" thesis management has promoted. By hitting mineralization 250 metres away from the current resource footprint, Scorpio is demonstrating that the Manhattan District is not just a series of isolated pits but a continuous mineralized system. - Resource Expansion: These results directly contribute to the goal of expanding the current 740,000 oz Inferred Resource toward the 2-million-ounce target. - De-risking: The consistency of results across multiple trends (Reliance, Zanzibar, and now Black Mammoth) reduces the geological risk of the project. - Operational Efficiency: The recent divestiture of the non-core Manhattan Mill for C$750,000 and the receipt of $7.9 million from warrant exercises (Feb 2026) means the company is hitting these exploration milestones while fully funded, avoiding immediate dilutive financing.

SGN · Price
Company Overview

Scorpio Gold holds a 100% interest in the Manhattan District in Nevada. The project is a consolidated land package (4,780 hectares) featuring two primary areas: Goldwedge and the Manhattan Pit. It is a low-sulfidation epithermal system located near Kinross’s Round Mountain mine. The project currently hosts an Inferred Resource of 740,000 oz gold at 1.26 g/t.

Read the original news release →

More from Scorpio Gold Corporation

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 Jun 24, 2026 · 05:01

Scorpio Gold’s Manhattan District drilling validates district-scale potential as the stock consolidates near multi-month lows.

Drill Results Jun 08, 2026 · 05:01

Scorpio Gold advances Manhattan District Phase 2 drilling with consistent Goldwedge intercepts, maintaining exploration momentum amid a steady cash position.

Drill Results