Scorpio Gold Stock Price, News & Analysis

Scorpio Gold (OTCQB: SRCRF) confirms receipt of the first deferred payment from the sale of its subsidiary Mineral Ridge Gold, LLC.

The company received US$750,000, representing 50% of a US$1,500,000 escrow holdback from a US$7,500,000 aggregate sale, following satisfaction of first‑release conditions. The remaining US$750,000 is expected on the nine‑month anniversary and an additional US$1,000,000 is expected on the 12‑month anniversary of closing, per the escrow agreement.

Scorpio Gold said the cash inflow strengthens its treasury to support a 50,000‑metre drill program at the Manhattan District. The company also announced a Corporate Secretary change effective December 3, 2025.

Scorpio Gold (OTCQB: SRCRF) reported results from seven drill holes at the Manhattan District, Nevada, from its 2025 program, including Phase One final holes and initial Phase Two holes.

Key intercepts include 24.67 m @ 1.85 g/t Au from 98.76 m (25MN-026), 36.97 m @ 0.94 g/t Au from 162.95 m (25MN-020), and a high-grade zone of 3.23 m @ 9.95 g/t Au (70 g/t top cut applied) from 168.86 m (25MN-022). Several holes are 25–100 m step-outs from inferred resource blocks, and company says results support near-resource expansion across Mustang Hill, Gap Zone and the Reliance Trend.

Scorpio Gold (OTCQB: SRCRF) announced identification of 19 high-potential gold exploration targets across its 100%-owned Manhattan District, Nevada, and said it is fully funded for a 50,000 m Phase 2 drill program. The company is digitizing historic data (including 92,635 m historic drilling, 42,500 drill assays and >350 historic workings) to build unified GIS interpretations.

Several targets contain historic high-grade resource estimates (examples: Hooligan 49.5k oz @ 4.13 g/t; Black Mammoth 52k oz @ 6.14 g/t), many targets are drill-ready and work programs are planned to start in Q1 2026. The project benefits from nearby infrastructure and a permitted small mill at Goldwedge.

Scorpio Gold (OTCQB: SRCRF) will present at the New Orleans Investment Conference on November 2–5, 2025 and will host a roadshow in Atlanta on November 6, 2025 organized by Amvest Capital.

Investors will receive updates on the ongoing, fully funded 50,000+ meter drill program, current assays from Phase 1, and the recently announced Maiden Resource Estimate. An updated corporate presentation is available for review.

Scorpio Gold (OTCQB: SRCRF) filed an independent NI 43-101 Technical Report dated June 4, 2025, containing a maiden mineral resource estimate (Maiden MRE) for the 100%‑owned Manhattan District, Nye County, Nevada, plus a historical mineral estimate for satellite deposits.

Key metrics: an inferred resource of 740,000 oz Au at 1.26 g/t using a 0.3 g/t Au cut‑off; the Maiden MRE is supported by 1,341 drill holes totalling 92,635 metres; seven metallurgy test program summaries (1975–2012) are included. The company notes a Qualified Person has not made the Historical MRE current and it is not treated as current.

Scorpio Gold (OTCQB: SRCRF) launched a Phase 2 drilling program at its Manhattan District, Nevada, targeting a minimum of 50,000 metres across ~200 drill holes to be completed by the end of August 2026. Phase 2 will use three drills (two diamond core, one RC) to expand the recently announced maiden Mineral Resource Estimate and convert historic resources such as the Keystone Jumbo high-grade target.

The company completed Phase 1 of 12 diamond holes totalling 4,216 m, with four remaining Phase 1 holes (1,465 m) pending results. Scorpio Gold also retained Sideways Frequency LLC for marketing services for US$150,000 plus 400,000 stock options exercisable at US$0.35.

Scorpio Gold (OTCQB: SRCRF) reported additional Phase 1 drilling results at the Manhattan District, Nevada on October 14, 2025. Phase 1 completed 12 diamond drill holes totalling 4,216 m, with four remaining holes (1,465 m) pending assays.

Key intercepts include 25MN-017: 10.07 g/t Au over 5.94 m, 25MN-016: 0.91 g/t Au over 36.39 m (includes 3.33 g/t over 4.08 m) and 25MN-015: 5.49 g/t Au over 7.32 m. Results expand mineralization in the Gap Zone, Reliance Trend and Mustang Hill and support a planned Phase 2 to target resource expansion toward a two-million-ounce objective.

Scorpio Gold (OTCQB: SRCRF) has announced its Maiden Mineral Resource Estimate (MRE) for its 100%-owned Manhattan District in Nevada, along with a Historical MRE for satellite deposits. The Maiden MRE revealed 740,000 oz of contained gold in the inferred category, with 18,343 tonnes grading 1.26 g/t gold at the Goldwedge & Manhattan Pit areas.

The Historical MRE, covering the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas, indicates 1,652,325 tonnes grading 5.89 g/t gold for 303,949 oz of contained gold. The Maiden MRE incorporates over 92,000 metres of historical drilling from more than 1,300 drillholes, establishing a robust foundation for future expansion.

Scorpio Gold (OTCQB: SRCRF) has completed the sale of its Mineral Ridge Gold subsidiary and project in Esmeralda County, Nevada, to an undisclosed purchaser for US$7.5 million. The transaction structure includes: US$5 million upfront payment, US$1.5 million in escrow to be released in two equal installments (November 2025 and May 2026), and a final payment of US$1 million due August 2026.

The deal includes the transfer of reclamation bond obligations to the purchaser, while Scorpio retained certain project assets through its subsidiary. The company plans to use the proceeds to advance its flagship Manhattan District project, with CEO Zayn Kalyan highlighting the transaction's strategic importance in strengthening the company's balance sheet and eliminating ongoing holding costs.