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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 results from four Phase Two drill holes at the Manhattan District, Nevada, including hole 25MN-039: 41.22 m @ 0.44 g/t Au on the Reliance Trend. Scorpio has completed 42 holes (13,489 m), reported assays for 30 holes (9,658 m) and has 12 holes pending assays (3,831 m).
The release highlights multiple intervals including high-grade short intercepts (e.g., 0.91 m @ 8.99 g/t in 25MN-038), QA/QC procedures, and that reported intercepts lack sufficient data to estimate true width.
Scorpio Gold (OTCQB: SRCRF) reported results from three Phase Two holes at the Manhattan District, Nevada, on January 23, 2026. Key assays include 25.02 m at 0.76 g/t Au in hole 25MN-036, which contains a higher-grade internal interval of 7.47 m at 2.23 g/t Au. The company has reported assays for 26 holes totaling 8,584 m of drilling and has 12 holes (3,322 m) with assays pending. Drilling and oriented core collection continue to refine structural controls and test targets inside and outside the current inferred resource constraining pit.
Scorpio Gold (OTCQB: SRCRF) will present at the Metals Investor Forum in Vancouver on Jan 23–24, 2026, with CEO Zayn Kalyan presenting a 10‑minute corporate update on Friday Jan 23 at 11:30am PT and VP Exploration Harrison Pokrandt available at the company booth.
The company will host an open house in Vancouver on Jan 26, 2026 from 1–3pm PT to meet shareholders, preview Manhattan District drill core and answer questions; RSVPs requested by Jan 23, 2026 via ir@scorpiogold.com.
Scorpio Gold also issued 6,465,000 incentive stock options exercisable at $0.37 with expiry Jan 16, 2031; 6,065,000 vest 25% every six months and 400,000 vest 50% in four months and 50% in six months. 2,900,000 options were granted to officers and directors and were treated as related party transactions exempt from formal valuation and minority approval under MI 61-101.
Scorpio Gold (OTCQB: SRCRF) entered an option to acquire 100% of the 32-claim Betty East property in Nye County, Nevada, expanding its southern Manhattan District footprint and staking intervening claims to create continuous coverage.
Transaction terms require staged cash and share payments totalling USD $900,000 and 950,000 common shares, plus USD $1,000,000 in exploration expenditures over five years. A 2% NSR applies on exercise, with a buyback of 1% for the value of 500 oz of .999 gold. TSXV approval is required.
Scorpio Gold (OTCQB: SRCRF) reported results from seven 2025 drill holes (Phase Two: 25MN-027 to 25MN-033) at the Manhattan District, Nevada, on December 30, 2025. The company has drilled 35 holes totaling 10,880 m in 2025, reported assays for 23 holes (7,711 m) and has 12 holes pending assays (3,169 m).
Key intercepts include 7.38 m @ 2.21 g/t Au (25MN-030, including 2.29 m @ 6.64 g/t), 8.95 m @ 1.34 g/t Au and 2.77 m @ 3.54 g/t Au (25MN-031, including 0.49 m @ 14.66 g/t). Several intercepts lie outside or well below the current Inferred Resource Constraining Pit (IRCP), modelled at US$2,500 and a 0.3 g/t cutoff, suggesting lateral and depth extensions to the mineralized envelope. Results for the 12 pending holes will be released in the New Year as assays return.
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.