Scorpio Gold Drills 3.38 g/t Over 33.31 Metres at Goldwedge, Unlocking Manhattan District Growth
SRCRF sits 62% above its 52-week low of $0.153.
Summary
Scorpio Gold reported high-grade drill results from its Manhattan District project in Nevada, including 3.38 g/t gold over 33.31 metres at Goldwedge, expanding known mineralization into volcanic rocks and supporting the district's growth potential.
Key Events · Product Development and Regulatory · SRCRF
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High-Grade Gold Intercepts at Goldwedge
Hole 26MN-109 returned 3.38 g/t gold over 33.31 metres from 138.90 metres, including 6.90 g/t over 12.89 metres, hosted in Gold Hill Formation marbles and Manhattan Caldera volcanics — a new target zone.
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Bonanza-Grade Hit on Zanzibar Trend
Hole 26MN-114 intersected 15.28 g/t gold over 2.56 metres from 94.27 metres, along with a broader zone of 0.98 g/t over 23.20 metres, confirming strong mineralization continuity.
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Step-Out Drilling Expands Resource Potential
Four step-out holes tested beyond the Inferred Resource Constraining Pit, with results extending mineralization at Goldwedge, Gap Zone, and Zanzibar Trend; assays from six more holes (2,236 metres) are pending.
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Volcanic Host Rocks Open New Targets
Mineralization in Manhattan Caldera volcanics — previously dismissed by past operators — was confirmed in hole 26MN-109, adding a new target type across the district.
Analysis · SRCRF · Energy & Transportation
The latest drill results from Scorpio Gold's Manhattan District in Nevada deliver high-grade gold intercepts that matter because they extend mineralization well beyond the current resource model. Hole 26MN-109 returned 3.38 g/t over 33.31 metres at Goldwedge, while hole 26MN-114 hit 15.28 g/t over 2.56 metres along the Zanzibar Trend. These step-out holes push into volcanic units that past operators overlooked, reinforcing the district-scale potential. The timing is notable: a C$10.8 million offering closed in July and a Nasdaq listing is planned, suggesting the company is gearing up for resource expansion and development. For a junior explorer with a market cap around US$75 million, grades and widths of this caliber could underpin a larger resource estimate, though assays from six more holes are still pending.
At the time of this filing, SRCRF was trading at $0.25 on OTC in the Energy & Transportation sector, with a market capitalization of approximately $75.1M. The 52-week trading range was $0.15 to $0.47. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.