Scorpio Gold recently announced a Phase One diamond drill program totaling 3,400 metres at the Manhattan District, which commenced on April 29, 2025. As of now, four holes have been drilled, totaling 1,389 meters, with plans to release an initial resource estimate in Q3, 2025.

Scorpio Gold holds a 100% interest in the Manhattan District, which spans approximately 4,780 hectares and includes the advanced exploration-stage Goldwedge Mine. The district has significant resource potential with over 140,000 meters of historical drilling and aims to connect multiple past-producing assets through further drilling.

Scorpio Gold

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Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA.

Investor website: https://scorpiogold.com/

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Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. Scorpio Gold’s Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day maximum capacity gravity mill, and four past-producing pits that were acquired from Kinross in 2021. The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights.

Verified company data

Cash position: $14m+
Shares outstanding: 302,964,194
Fully diluted shares: 339,341,275
Mineral resource: 2025 MAIDEN MINERAL RESOURCE (September 2025) Estimating 740,000 ounces at 1.26 g/t gold 1 with immediate follow-up in the coming 12 months with drilling of an additional 50,000 meters. GRADE & RECOVERY Historic open-pit production returned ~70% gold. Additional historical testing suggests 90+% gold is possible. Our above 1 g/t gold resource in Nevada leads the State’s average grade of 0.60 g/t within the state of the Maiden Resource. EXPANSION POTENTIAL Targeting 50,000 meters to achieve a resource of over 2 million ounces 2 in 12 months. The district is comprised of multiple past producing assets that we intent to connect through drilling. GEOLOGY Low sulphidation epithermal system adjacent to the collapsed Manhattan Caldera with the same complex and geological formations as Round Mountain. Structural intersections appear to be a key gold mineralization control. 1: All 740,000 oz are in the inferred category with a 0.3 g/t gold cut-off grade (source: https://wp-scorpiogold-2025.s3.ca-central-1.amazonaws.com/media/2025/10/Scorpio-Gold-Manhattan-Mineral-Resource-Estimate-43-101-FINAL-2025-10-23.pdf) 2: The 2-million-ounce target is conceptual in nature and refers to an exploration target only. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. This statement is based on geological interpretation and does not imply a mineral resource beyond the areas currently classified as inferred.
Projects: ["Scorpio Gold Corporation is pleased to announce a Phase One diamond drill program totalling 3,400 metres in 12 holes at the 100% owned Manhattan District located in Nevada, USA. Drilling commenced on April 29, 2025 and four holes have been drilled to date, totalling 1,389 m. Scorpio plans to release an initial resource estimate for Manhattan in Q3, 2025. Phase One drilling is focused on three target areas: (1) the Gap Zone, located between the historic Goldwedge and West Pit mines; (2) the Zanzibar Trend, connecting the Goldwedge to the third target zone; and (3) at Mustang Hill’s historic underground mines. Drilling aims to follow up on the intercepted Zanzibar Trend in hole 24MN-009, with an interval of 1.69 grams per ton Au over 55.6 m, and Mustang Hill which was intercepted with an interval of 3.89 g/t Au over 41.2 m. Manhattan lies in the Walker Lane Trend of Nevada, USA, is road accessible, and is located approximately 20 kilometres south of the active Round Mountain Gold Mine, which has produced greater than 15 million ounces of gold. The Manhattan District has historically produced greater than 600,000 ounces of gold from underground lode mining, open pit mining, and placer operations."]
Leadership: Chris Zerga (President and Chief Executive Officer), Peter Hawley (Board Member, Founder of Scorpio Gold Corporation with over 35 years of mining industry experience), Leo Hathaway (Executive Technical Director, Professional Geologist with 30 years of experience in mineral exploration), Harrison Pokrandt (Vice President of Exploration, over eight years of experience in mineral exploration with a focus on gold deposits worldwide)

Verified data last updated: 2026-08-21

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