Scorpio Gold Commences 50,000 Metre Phase 2 Drilling Program at the Manhattan District, Nevada
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) ha avviato un programma di trivellazione di fase 2 nel Manhattan District, Nevada, mirato a un minimo di 50.000 metri in circa 200 pozzi da completare entro la fine di agosto 2026. La fase 2 userà tre trivelle (due carotaggi diamanti, una RC) per espandere la recentemente annunciata Stima delle Risorse Minerali e convertire risorse storiche come il bersaglio ad alta gradazione Keystone Jumbo. L'azienda ha completato la fase 1 con 12 fori diamante per un totale di 4.216 m, con quattro fori rimanenti della fase 1 (1.465 m) in attesa di risultati. Scorpio Gold ha anche affidato a Sideways Frequency LLC servizi di marketing per US$150.000 più 400.000 stock option exercitabili a US$0,35.
Scorpio Gold (OTCQB: SRCRF) lanzó un programa de perforación de fase 2 en su Distrito de Manhattan, Nevada, con un objetivo mínimo de 50.000 metros en ~200 taladros que se completarán para finales de agosto de 2026. La fase 2 utilizará tres perforadoras (dos de núcleo diamante, una RC) para ampliar la Estimación de Recursos Minerales recientemente anunciada y convertir recursos históricos como el objetivo de alta ley Keystone Jumbo. La empresa completó la fase 1 con 12 agujeros de diamante que suman 4.216 m, quedando cuatro agujeros de la fase 1 (1.465 m) pendientes de resultados. Scorpio Gold también contrató a Sideways Frequency LLC para servicios de marketing por US$150.000 más 400.000 opciones de acciones ejercitables a US$0,35.
스코피오 골드(OTCQB: SRCRF)는 네바다주 맨해튼 구역에서 2상 시추 프로그램을 시작했으며, 약 200개 드릴에서 최소 50,000 미터를 목표로 하여 2026년 8월 말까지 완료할 예정입니다. 2상은 세 대의 시추기(두 대의 다이아몬드 코어, 한 대의 RC)를 사용해 최근 발표된 광물 자원 추정치를 확대하고 Keystone Jumbo와 같은 고등급의 역사적 자원을 전환할 것입니다. 회사는 1상을 12개의 다이아몬드 드릴로 완료했고 총 4,216 m이며, 남은 1상의 네 개 드릴(1,465 m)은 결과를 대기 중입니다. Scorpio Gold는 또한 Sideways Frequency LLC를 마케팅 서비스로 계약했으며 미국 달러로 150,000 달러와 행사 가능한 400,000주를 0.35달러에 주기로 했습니다.
Scorpio Gold (OTCQB : SRCRF) a lancé un programme de forage de phase 2 dans le district de Manhattan, Nevada, visant un minimum de 50 000 mètres répartis sur environ 200 puits à terminer d'ici la fin du août 2026. La phase 2 utilisera trois foreuses (deux carottes, une RC) pour élargir la estimation des ressources minérales récemment annoncée et convertir des ressources historiques comme la cible Keystone Jumbo à haute teneur. La société a terminé la phase 1 avec 12 puits de carottage totalisant 4 216 m, quatre puits de la phase 1 restant (1 465 m) en attente de résultats. Scorpio Gold a également retenu Sideways Frequency LLC pour des services de marketing pour US$150 000 plus 400 000 options d'actions exerçables à US$0,35.
Scorpio Gold (OTCQB: SRCRF) startete ein Phase-2 Bohrprogramm im Manhattan District, Nevada, mit dem Ziel von mindestens 50.000 Metern über ca. 200 Bohrungen, die bis Ende August 2026 abgeschlossen sein sollen. Phase 2 wird drei Bohrgeräte verwenden (zwei Diamantkernbohrungen, eines RC), um die kürzlich angekündigte Mineralressourcen-Schätzung zu erweitern und historische Ressourcen wie das hochgradige Keystone Jumbo-Ziel zu konvertieren. Das Unternehmen hat Phase 1 mit 12 Diamantbohrungen insgesamt 4.216 m abgeschlossen; vier verbleibende Phase-1-Bohrungen (1.465 m) warten auf Ergebnisse. Scorpio Gold hat außerdem Sideways Frequency LLC für Marketing-Dienstleistungen beauftragt, zuzüglich US$150.000 sowie 400.000 Aktienoptionen, ausübbar zu US$0,35.
Scorpio Gold (OTCQB: SRCRF) أطلقت برنامج حفر من المرحلة 2 في منطقة مانهاتن، نيفادا، يهدف إلى حد أدنى من 50,000 متر عبر نحو 200 بئر للحفر ليتم الانتهاء منها بحلول نهاية أغسطس 2026. ستستخدم المرحلة 2 ثلاث حَفَّارات (اثنان من النواة الماسية، واحد RC) لتوسيع تقدير الموارد المعدنية الذي أُعلن مؤخرًا وتحويل الموارد التاريخية مثل هدف Keystone Jumbo عالي الدرجة. أكملت الشركة المرحلة 1 من 12 بئر حفر ماسي بإجمالي 4,216 م، وبقي أربعة آبار من المرحلة 1 (1,465 م) في انتظار النتائج. كما تعاقدت Scorpio Gold مع Sideways Frequency LLC لخدمات التسويق مقابل 150,000 دولار أمريكي إضافة إلى 400,000 خيار أسهم قابل للتنفيذ بسعر 0.35 دولار أمريكي.
Scorpio Gold (OTCQB: SRCRF) 在内华达州曼哈顿区启动了 阶段2 钻探计划，目标是在约 200 个钻孔中达到最少 50,000 米，预计在 2026 年 8 月前完成。阶段 2 将使用三台钻机（两台金刚石芯钻，一台 RC 钻）来扩大最近宣布的 矿产资源估算，并将像 Keystone Jumbo 这样的历史资源转化。公司已完成 阶段1 的 12 个金刚石钻孔，总计 4,216 m，阶段1剩余的四个钻孔（1,465 m）待结果。Scorpio Gold 还为市场营销服务合同了 Sideways Frequency LLC，金额为 US$150,000，外加可在 US$0.35 行使的 400,000 股票期权。
- Phase 2 target: 50,000 metres by Aug 2026
- Phase 1 delivered 4,216 m across 12 diamond holes
- Three rigs planned to complete ~200 drill holes
- Program aims to convert historic Keystone Jumbo high-grade targets
- Marketing contract: US$150,000 plus 400,000 stock options
- Drilling uncertainty: 1,465 m (four holes) still pending results
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce the commencement of its Phase 2 Drilling Program at the Manhattan District Project ("Manhattan"), Nevada, USA.
The Phase 2 drilling program is planned to achieve a minimum of 50,000 metres of drilling, through diamond core and reverse circulation drilling. Phase 2 will build upon the recently completed Phase 1 diamond drilling program, which consisted of 12 diamond drill holes totalling 4,216 m, and the recently announced maiden Mineral Resource Estimate (see the Company's news release dated September 11, 2025).
This next phase will be executed using one diamond core drill and one reverse circulation drill, which are already drilling at site, along with a second diamond core drill, which is being mobilized. Three drills will enable a more aggressive pace towards completing a minimum of 50,000 metres of drilling in approximately 200 drill holes by the end of August 2026. This phase will primarily focus on systematically expanding the Mineral Resource Estimate ("MRE") to the northwest of the West Pit, targeting both infill and step-out holes to extend the continuous mineralization along the Reliance Trend (see Figure 1). The second focus is to continue delineating strong near-surface mineralization at Mustang Hill and expanding the MRE to the southwest of the West and East Pits. The third focus is to convert non-compliant Historic Resources, notably at the Keystone Jumbo high-grade target (see news release dated September 11, 2025). Phase 2 is designed to establish an all-encompassing compliant NI 43-101 MRE for the Manhattan District and advancing Scorpio Gold's near-term objective of defining a multi-million-ounce gold resource.
Scorpio Gold's CEO, Zayn Kalyan, commented, "The launch of Phase 2 marks a ramping up of activity for Scorpio Gold as we build directly on the momentum of our recently announced maiden Mineral Resource Estimate. With three rigs actively working on completing a 50,000 metre program, we are accelerating our efforts to expand what we believe has the potential to become a significant multi-million-ounce gold system at Manhattan. This program is designed not only to increase the confidence and scale of the existing resource, but also to begin delivering consistent exploration and development catalysts to the market over the next 12 months. Phase 2 is the next logical step in our strategy to unlock the full value of the Manhattan District, and we are well-positioned to execute aggressively and effectively."
Further drilling results are pending for the four remaining Phase 1 drill holes, totalling 1,465 m, which add to previous results announced in news releases dated August 25, 2025 and October 14, 2025. These drill holes targeted (1) the Gap Zone, located between the historic Goldwedge and West Pit mines, along approximately 200 m of unexplored strike length of the Reliance Trend, and (2) Mustang Hill's historic underground mines (see news release dated June 19, 2025). The remaining Phase 1 drilling results are expected to be released soon.
Figure 1: Map of the Manhattan District with completed Phase 1 drill holes, significant gold intercepts, and planned Phase 2 drill hole collars.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/271399_4b565218c41e88bf_002full.jpg
Marketing Update
CEO & Director, Zayn Kalyan will be presenting in today's Kinvestor Day Virtual Investor Conference 2025 at 11:40am PT to provide a corporate update about the Phase 1 drill program of the Manhattan District and the recently announced Maiden Resource Estimate. Investors are encouraged to review the updated corporate presentation, here.
On November 2-5, 2025, VP Exploration, Harrison Pokrandt and CEO, Zayn Kalyan will be participating in the New Orleans Investment Conference and will be available for meetings at Booth #126. Zayn will be presenting at 9:50am CDT on November 3rd in Presentation Area 1 of the Exhibit Hall.
Following New Orleans, Scorpio Gold will be hosting a couple of investor road shows starting in Atlanta on November 6th with Amvest Capital, and on November 18th in London with Atlantic One Financial.
We look forward to updating shareholders and meeting new investors at these events. Check out our upcoming marketing activities by visiting our website, here.
The Company also announces that, effective October 21, 2025, it has retained Sideways Frequency LLC ("SFLLC") to provide certain marketing and investor awareness services to the Company in accordance with the policies of the TSX Venture Exchange. The marketing services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns. Under the agreement, the Company will pay SFLLC US
About the Manhattan District
Manhattan, located in the Walker Lane Trend of Nevada, USA, is road accessible and lies approximately 20 kilometers south of the operating Round Mountain Gold Mine, which has produced more than 15 million ounces of gold. For the first time, the Company has consolidated the district's past-producing mines under a single entity that holds valuable permitting and water rights. Historically, Manhattan has produced approximately 700,000 ounces of gold from high-grade placer and lode operations dating from the late 1890s through to the mid-2000s (Goldwedge Project Technical Report, 2005). The June 4, 2025, Maiden MRE for the Goldwedge & Manhattan Pit areas of the Project is comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category. Concurrently, a historical mineral resource estimate (the "Historical Estimate") covers the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas of the Project and comprises 1,652,325 tonnes grading 5.89 g/t gold for a total of 303,949 oz contained gold (see news release dated September 11, 2025). The deposit is interpreted as a low-sulfidation, epithermal, gold-rich system situated adjacent to the Tertiary-aged Manhattan caldera in the Southern Toquima Range of Nevada.
The Historical Estimate is not considered current under NI 43-101, the Company is not treating the Historical Estimate as current mineral resources, and a Qualified Person has not done sufficient work to classify the estimate as current. The Historical Estimate should not be relied upon.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold and a "Qualified Person", as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Scorpio Gold Corp.
Scorpio Gold holds a
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION
Zayn Kalyan, Chief Executive Officer and Director
Tel: (604)-252-2672
Email: zayn@scorpiogold.com
Investor Relations Contact:
Kin Communications Inc.
Tel: (604) 684-6730
Email: SGN@kincommunications.com
Connect with Scorpio Gold:
Email | Website | Facebook | LinkedIn | X | YouTube
To register for investor updates please visit: scorpiogold.com
(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9)
Forward-Looking Statements
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These statements relate to future events or the Company's future performance, business prospects, plans and objectives, and are based on current expectations, assumptions and estimates of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "anticipates", "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "believes", "projects", "potential", "targets", "aims" or variations thereof, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements in this release include, but are not limited to: the planned Phase 2 drilling program and the results thereof; the expected timing of the Phase 2 drill program; the Company's plans to complete an all-encompassing compliant NI 43-101 MRE for the Manhattan District; the potential significance of drill results from the Manhattan District; the Company's ability to define, expand or upgrade mineral resources at the Property; the timing, scope and success of future exploration programs; plans to evaluate and advance a mineral resource estimate; expectations regarding permitting, environmental and community matters; and the potential for the Manhattan District to host multi-million-ounce gold resources.
These forward-looking statements are based on a number of assumptions believed by management to be reasonable at the time they were made, including assumptions regarding: future gold and silver prices; the accuracy of exploration results; the availability of financing; the ability to obtain necessary permits and approvals; labour, materials and equipment availability and costs; the performance of contractors and suppliers; and general business and economic conditions.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: risks inherent in mineral exploration and development; uncertainty in the interpretation of drill results, geology, grade and continuity of mineral deposits; variations in mineral content, grade or recovery rates; delays or failures in obtaining permits, approvals or financing; changes in project parameters as plans continue to be refined; fluctuations in commodity prices, exchange rates and costs of inputs; labour disputes or shortages; political, social or regulatory developments in the jurisdictions where the Company operates; unanticipated environmental impacts or liabilities; and general market and economic conditions. Additional risk factors are described in the Company's most recent Management's Discussion and Analysis, each of which is available under the Company's profile on SEDAR+ at www.sedarplus.ca.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statement, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271399
FAQ
What is Scorpio Gold (SRCRF) targeting with the Phase 2 drilling program?
When does Scorpio Gold expect to complete the 50,000 metre program at Manhattan (SRCRF)?
How many rigs will Scorpio Gold operate for the Phase 2 Manhattan drilling (SRCRF)?
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What marketing agreement did Scorpio Gold (SRCRF) announce on Oct 21, 2025?
Will Scorpio Gold convert historic resources at Manhattan (SRCRF)?
