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Scorpio Gold Corp. reports gold exploration and capital-structure developments tied to its Manhattan District Project in Nevada. Company news centers on diamond-drill assay results, step-out drilling, and mineralization along areas such as Goldwedge, Black Mammoth, the Zanzibar Trend, the Gap Zone, Stray Dog, the Reliance Trend, and Iron Queen.
Updates describe gold intercepts hosted in volcanic and sedimentary units, including targets within the Manhattan Caldera and related district-scale trends. Scorpio Gold also reports financing-related items such as warrant exercises, warrant expiries, treasury changes, and the use of proceeds for drilling, technical studies, and general corporate purposes.
Scorpio Gold (OTCQB: SRCRF) reported new Phase Two diamond drill results from the Manhattan Project in Nevada, highlighted by hole 26MN-110 at the Goldwedge target, which intersected 2.05 g/t gold over 97.99 m 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, plus 1.75 g/t over 14.63 m deeper in the hole.
The update covers 18 step‑out holes across the Zanzibar Trend, Goldwedge and Black Mammoth targets. Additional notable intercepts include 16.47 g/t over 2.35 m (26MN-090), 35.23 g/t over 1.01 m (26MN-104) and 1.60 g/t over 33.53 m (26MN-101). Scorpio Gold has completed 102 Phase Two holes totalling 28,939 m, with assays reported for 99 holes (27,793 m) and three holes (1,146 m) pending. The company is also re‑logging historic core, adding new silver analyses and reports 8.59 g/t gold over 6.1 m from historic underground hole GWUG-11-11 at Goldwedge. All 2026 holes tested areas within and beyond the Inferred Resource Constraining Pit.
Scorpio Gold (OTCQB: SRCRF) reported new Phase Two drill results from the Manhattan District’s Black Mammoth target in Nevada.
Key intercepts include 2.56 g/t gold over 13.38 m from 293.28 m in hole 26MN-096 within Manhattan Caldera volcanics, and multiple Zanzibar Formation intervals in hole 26MN-092, such as 0.83 g/t gold over 18.01 m from 277.68 m and 5.80 g/t gold over 1.37 m.
The program now totals 96 holes for 27,712 m, with assays reported for 79 holes (22,974 m) and 19 holes (4,738 m) pending. Both highlighted holes were drilled more than 230 m beyond the current inferred resource-constraining pit, indicating mineralization outside the 2025 block model. QA/QC included blanks, certified reference materials, and duplicates, with analysis by ISO 17025:2017-compliant Paragon Geochemical.
Scorpio Gold (OTCQB: SRCRF) reported Phase Two drill results from the Manhattan project’s Goldwedge target in Nevada.
Key intercepts include 6.95 g/t gold over 11.98 m from 242.99 m in hole 26MN-091, with a sub-interval of 65.99 g/t over 1.16 m, opening about 5 sq. km of caldera volcanics for priority exploration.
Scorpio Gold (OTCQB:SRCRF) reported Phase Two drill results from the Goldwedge target at the Manhattan District Project in Nevada. Key intercept from hole 26MN-086 returned 1.27 g/t gold over 45.23 m from 137.95 m, including 8.06 g/t over 2.80 m.
The company has completed 92 holes (25,919 m) and reported assays for 76 holes (22,362 m), with assays pending on 16 holes totaling 3,557 m. New mineralization occurs both inside and outside the Inferred Resource Constraining Pit.
Scorpio Gold (OTCQB: SRCRF) reported new Phase Two drill results from the Black Mammoth target in the Manhattan District, Nevada.
Key intercepts include 0.58 g/t gold over 18.04 m from 311.05 m in hole 26MN-078 and 0.35 g/t gold over 17.4 m from 185.96 m in hole 26MN-088.
Both holes extend mineralization more than 250 m outside the current Inferred Resource Constraining Pit, with multiple additional mineralized intervals in volcanic and sedimentary units. To date, 91 Phase Two holes totalling 25,838 m have been drilled, with assays reported for 73 holes and 18 holes pending.
Scorpio Gold (OTCQB: SRCRF) reported Phase Two diamond drill results from the Manhattan District project in Nevada, highlighting new mineralization along the Zanzibar and Reliance trends.
Key hole 26MN-080 returned 2.77 g/t gold over 12.68 m from 58.64 m, including 20.93 g/t over 1.58 m, plus 0.73 g/t over 28.38 m. Hole 26MN-083 cut 0.49 g/t over 23.16 m. Hole 26MN-085 intersected up to 7.52 g/t over 2.41 m. All reported Zanzibar Trend intervals lie outside the current Inferred Resource Constraining Pit. Phase Two totals 89 holes and 25,399 m, with assays reported for 72 holes and 17 holes pending.
Scorpio Gold (OTCQB: SRCRF) received the second deferred payment from the sale of its subsidiary Mineral Ridge Gold, LLC. The US$750,000 release completes the full US$1,500,000 indemnification holdback from escrow, part of the total US$7,500,000 consideration.
Scorpio Gold expects to receive the final US$1,000,000 payment on the 12‑month anniversary of closing. Management states the funds strengthen the treasury as the Company advances its 50,000‑metre drill program at Manhattan, including the Zanzibar Trend and Black Mammoth targets.
Scorpio Gold (OTCQB: SRCRF, TSXV: SGN) reported new Phase Two diamond drill results from the Zanzibar Trend at the Manhattan District project in Nevada.
Key intercepts include 2.68 g/t gold over 11.34 m from 0.76 m depth and 0.69 g/t over 23.23 m from 4.05 m, all outside the current Inferred Resource Constraining Pit.
Scorpio Gold (OTCQB:SRCRF) reported Phase Two drill results from the Goldwedge target at the Manhattan District Project in Nevada. Key intercept from hole 26MN-075 is 11.84 g/t gold over 8.39 m from 106.21 m, including 40.15 g/t over 0.88 m and 10.27 g/t over 6.10 m.
The company has completed 80 diamond drill holes totaling 23,341 m, with assays reported for 62 holes (19,828 m) and 18 holes pending (3,587 m). The new Goldwedge intercepts represent mineralization inside the current Inferred Resource Constraining Pit.
Scorpio Gold (OTCQB: SRCRF) reported results from two Phase Two step-out holes at Black Mammoth, Manhattan District, Nevada on May 7, 2026. Highlights include 0.62 g/t Au over 62.21 m from 230.43 m (26MN-069) and 6.04 g/t Au over 4.86 m from 308.23 m (26MN-072), with higher-grade internal intervals.
Both holes are ~50 m step-outs beyond prior holes and tested >250 m outside the 2025 inferred resource constraining pit; assays remain pending for 19 holes totalling 3,371 m.