Golden Scorpio Company (TSXV: Sgn; OTCCP: Surcurf; FSE: RY9) reported results from three graded holes for the Phase 2 drilling program at the Manhattan Area Project, Nevada, USA, including drill holes 26MN-082, 26MN-084 and 26MN-086.
Scorpio Gold has drilled 92 holes to date from Phase 2 of the diamond drilling programme, 25MN-011 to 25MN-045, 26MN-046 to 26MN-101, and 26MN-103, for a combined total of 25,919 metres. With the results reported here, Scorpio Gold has reported assays on 76 of them (25MN-011 to 25MN-045, 26MN-046 to 26MN-080, 26MN-082 to 26MN-086, and 26MN-088), totaling 22,362 metres, and assays are pending from 16 holes (26MN-081 and 26MN-087, 26MN-089 through 26MN-101, and 26MN-103), for a total of 3,557 metres. Pending results will be reported when they become available.
In addition to the Phase 2 drilling program, the company has begun reviewing the available historic core in Manhattan. Any new significant findings will be reported as they become available.
“With every hole we drill, our confidence grows that the volcanic units at the northern tip of Manhattan host the potential for mineralization on a much broader scale than the narrow structures that historical operators have focused on – the same target we have systematically tested along the caldera margin.
Hole 26MN-086 is a good example, returning 45.23 meters of 1.27 g/t gold built around a high-grade feeder of 8.06 g/t over 2.80 meters that appears to be bleeding outward into the surrounding gemstone, including 2.40 g/t gold over 7.47 meters from 160.26 meters and 8.06 g/t gold over 2.80m from 172.31m at Goldwidge. This is a large-scale volcanic signature reminiscent of the nearby Round Mountain system, and our program is the first to specifically drill these rocks expecting to find them.
“What is most encouraging is how frequently this is happening – hole after hole along the margin remineralizing these blocks. This consistency gives us increasing conviction that volcanic-hosted mineralization need not be limited to the caldera margin, but could continue inland to the broader Manhattan caldera itself. It is still early days, but if volcanoes behave as we see them, the Manhattan caldera could open up a meaningful, large-scale opportunity beyond the margin we are on. We have experienced this possibility so far, along with the progress The steady progress we’ve made in Zanzibar is why we see real scope for resource growth from here.“ said Harrison Pokrandt, Vice President Exploration at Scorpio Gold.
Drill hole 26MN-086 is a 50m outlet, at Goldwedge, north of holes 26MN-048 (0.62 g/t at 32.13m) and 24MN-009 (1.69g/t at 55.70m). 50 meters of drill holes were tested at Goldwedge to the north-east of hole 26MN-048 both inside and outside the Inferred Resource Restriction Pit (IRCP), targeting new mineralization outside the 2025 MRE block model.
Goldwedge Results: 26MN-082: This drill hole tested for mineralization in the Goldwedge zone and along the caldera margin. The drill hole contains three intervals hosted in limestone units of the Ordovician Zanzibar Formation, including 0.54 g/t gold over 6.1 meters from 9.75 metres, 0.14 g/t gold over 15.24 meters from 21.95 metres, and 0.60 g/t gold over 8.6 meters from 40.78 metres. The last interval is located directly above the point of contact with volcanic units of the Oligocene Round Rock Formation at an elevation of 49.38 m.
26MN-084: This drill hole tested for mineralization in the Goldwidge Zone and along the caldera margin. The drill hole encountered a void ranging from 49.23 meters to 78.00 metres, where the hole ended. This void has not been mapped in previous underground workings but has been interpreted as a possible stop in the Goldwidge underground mine. This hole has no significant intervals, but all mineralization is hosted within limestone units of the Ordovician Zanzibar Formation.
26MN-086: This drill hole tested mineralization in the Goldwidge Zone and along the caldera margin. The drill hole contains a single interval hosted in Ordovician Zanzibar Formation limestone units grading 0.16 g/t gold over 6.1 meters of 12.95 metres. The drill hole contains two intervals hosted in fine-grained clastic sediments and carbonate units of the Cambrian Gold Hill Formation.
The first interval is located immediately below the contact with the Ordovician Zanzibar Formation, and is indicated by 0.31 g/t gold over 5.58 meters of 104.85 metres. The second interval is 0.68 g/t gold at 7.16 meters of 115.83 metres.
The latter interval is hosted within the overlying deposits of the Cambrian Gold Hill Formation and the volcanic units of the Oligocene Round Rock Formation and is 1.27 g/t gold at 45.23 m of 137.95 m. The Cambrian-Oligocene contact is located at an altitude of 177.70 metres. This interval includes 2.40 g/t gold over 7.47 meters from 160.26 meters and 8.06 g/t gold over 2.8 meters from 172.31 metres, both of which are in the Cambrian Gold Hill Formation.
These Goldwedge intervals represent new mineralization within and outside the current IRCP.
Located in Walker Lane Trend, Nevada, USA, Manhattan is accessible by road and located approximately 20 km south of the operating Round Mountain gold mine which has produced over 15 million ounces of gold. For the first time, the company consolidated previously producing mines in Manhattan under a single entity that held valuable licenses and water rights.
Historically, Manhattan has produced approximately 700,000 ounces of gold from high-grade alluvial and cutting operations dating from the late 1890s to the mid-2000s. The first Mineral Resource Estimate (Maiden MRE) covering the Goldwedge and Manhattan Pit areas in Manhattan consists of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 ounces of gold contained in inferred grade.
The Historic Mineral Resource Estimate covers the Black Mammoth, April Fool’s, Hooligan, Keystone and Jumbo areas of Manhattan and includes 1,652,325 tonnes grading 5.89 g/t gold for a total of 303,949 ounces of gold.
The deposit is interpreted as a low-sulfur, refractory, gold-rich system located adjacent to the Tertiary Manhattan caldera in the southern Tokima Range, Nevada.
Scorpio Gold owns a 100% interest in the Manhattan District located in the Walker Lane Trend in Nevada, USA. Scorpio Gold’s Manhattan District is approximately 4,780 hectares and includes the Goldwidge deposit in advanced exploration stage, with a maximum capacity gravity mill of 400 tons per day, and four previous production holes acquired from Kinross in 2021. The combined Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 meters of historic drilling, significant resource potential, and valuable permits and water rights.
