Scorpio Gold reported new Phase Two drilling results from its Manhattan District Project in Nevada, including an intercept of 3.02 grams per ton of gold over 48.92 meters from 118.87 meters at the Goldwedge target.
Hole 26MN-115 included a higher-grade section of 19.29 g/t gold over 5.24 meters from 151.79 meters in the Zanzibar Formation. The hole also returned 5.14 g/t gold over 10.15 meters from 173.58 meters and 0.46 g/t over 16.70 meters from 210.92 meters.
Hole 26MN-118 returned 1.19 g/t gold over 99.94 meters from 98.61 meters, including 5.13 g/t over 4.18 meters.
At the Zanzibar Trend, hole 26MN-116 returned 0.93 g/t gold over 22.16 meters, including 3.72 g/t over 3.75 meters, along with a second intercept grading 0.84 g/t over 25.05 meters, including 3.63 g/t over 3.47 meters.
Scorpio Gold has completed 114 holes totaling 32,585 meters in its Phase Two diamond drilling program. Assays have been reported for 107 holes totaling 30,889 meters, with results pending for seven holes totaling another 1,696 meters.
The company said drilling at Goldwedge is helping define mineralization associated with the Reliance Fault. Holes 26MxN-115 and 26MN-118 were approximately 50-meter step-outs from previously identified high-grade mineralization.
The Manhattan District’s current maiden mineral resource covering Goldwedge and Manhattan Pit contains 18.34 million tons grading 1.26 g/t gold for 740,000 ounces of inferred gold. A separate historical estimate covering several additional areas totals 303,949 ounces, although Scorpio Gold is not treating it as a current mineral resource.
KEY QUOTE:
“Manhattan keeps delivering on the two things that matter most in this market: scale and grade. Hole 26MN-115 — 19 gram per ton gold over 5 metres contained within 3 grams across 48 metres — confirms that high grade feeder zones sit within an expanding bulk tonnage envelope. Just as importantly, every hole at Goldwedge is sharpening our structural understanding of the system: we can now trace mineralization along the Reliance Fault, from the Zanzibar sediments in its hanging wall through to the Caldera volcanics at the contact, and that model is directly guiding where we drill next. Grades like these put a potential underground startup on the table as a nearer-term path to production, while the broader district — eight and a half kilometres of strike anchored by existing historic resources — needs modern, systematic drilling to expand toward its true district scale potential. Few juniors can offer that combination of near-term optionality and district-scale upside, and we intend to keep advancing both.”
Zayn Kalyan, CEO and Director of Scorpio Gold
