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 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.
Scorpio Gold (OTCQB: SRCRF) reported step-out drill results along the Zanzibar Trend at the Manhattan District, Nevada, including 10.40 g/t Au over 5.67 m with a 455.52 g/t Au high‑grade sample over 0.49 m (capped at 70 g/t for composites).
Hole 26MN-067 and 26MN-068 extend mineralization beyond the current Inferred Resource constraining pit; 76 holes (21,939 m) drilled in Phase Two, assays pending for 18 holes (3,271 m).
Scorpio Gold (OTCQB: SRCRF) reported Phase Two drill results at the Manhattan District, Nevada, including a headline intercept of 2.74 g/t Au over 16.49 m from 45.45 m in hole 26MN-066 and multiple other new intervals outside the current IRCP.
Assays cover 56 holes (18,231 m) with 15 holes (3,475 m) pending; Zanzibar Trend step-outs show continuity over a >300 m corridor.