Scorpio Gold Drills 2.05 g/t Gold Over 97.99 Metres at Goldwedge, Unlocking Manhattan District Expansion
SRCRF sits 43% above its 52-week low of $0.13.
Summary
Drill results from Scorpio Gold's Manhattan District include 2.05 g/t gold over 97.99 metres at Goldwedge, expanding mineralization beyond the current resource and supporting district-scale potential.
Key Events · Product Development and Regulatory · SRCRF
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Broad High-Grade Intercept at Goldwedge
Hole 26MN-110 returned 2.05 g/t gold over 97.99 metres from 64.16 m, including 18.19 g/t over 3.17 m, 11.41 g/t over 4.57 m, and 8.98 g/t over 7.32 m, demonstrating thick, continuous mineralization.
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Multiple High-Grade Step-Out Results
Other notable intercepts include 35.23 g/t gold over 1.01 m (hole 26MN-104), 16.47 g/t over 2.35 m (26MN-090), and 1.60 g/t over 33.53 m (26MN-101), all outside the current resource block model.
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Phase Two Program Nears Completion
99 of 102 holes (27,793 m) have been reported; assays pending for 3 holes (1,146 m). Results consistently expand mineralization along the Zanzibar Trend and at Goldwedge.
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Silver Byproduct Potential Identified
Company is analyzing historic core and pulps for silver, with potential to incorporate silver into future resource estimates, adding a byproduct dimension not captured in the maiden resource.
Analysis · SRCRF · Energy & Transportation
Strong step-out drill results from the Manhattan District project in Nevada underscore Scorpio Gold's resource growth trajectory. The headline intercept—2.05 g/t gold over 97.99 metres at the Goldwedge target—was accompanied by multiple high-grade zones, including 35.23 g/t over 1.01 m and 18.19 g/t over 3.17 m, confirming continuity and expansion well beyond the current inferred resource. With 99 of 102 Phase Two holes now reported and the system open in multiple directions, these results support meaningful resource growth. The company also flagged the potential to incorporate silver into future estimates, adding a byproduct dimension. For a micro-cap explorer carrying a recent going-concern warning and a shelf offering exceeding its market cap, positive drill results are critical to maintaining investor confidence and funding runway.
At the time of this filing, SRCRF was trading at $0.19 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $56.2M. The 52-week trading range was $0.13 to $0.47. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.