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Scorpio Gold Corp. reports new Phase Two diamond drilling results from the Manhattan District Project in Nevada. A total of 102 holes have been drilled for 28,939 m; assays are reported for 99 holes totaling 27,793 m, with 3 holes and 1,146 m pending.
At the Goldwedge target, hole 26MN-110 returned 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. Other notable intervals include Zanzibar Trend hole 26MN-090 with 16.47 g/t over 2.35 m, and historic underground hole GWUG-11-11 with 8.59 g/t over 6.1 m, including 33.13 g/t over 1.52 m. Manhattan hosts a maiden inferred mineral resource of 18,343,000 tonnes grading 1.26 g/t gold for 740,000 oz, plus a separate historical estimate of 1,652,325 tonnes at 5.89 g/t for 303,949 oz that is not treated as current.
Scorpio Gold Corporation filed a short form base shelf prospectus on Form F-10 registering up to $100,000,000 of securities to be issued from time to time over a 25‑month period. The shelf covers Common Shares, Warrants, Subscription Receipts, Debt Securities, Depositary Shares and Units, and may include offerings by selling securityholders.
The prospectus states 302,964,194 Common Shares issued and outstanding as of the date of the prospectus and lists recent trading prices: TSXV close $0.31 (July 3, 2026), OTCQB close US$0.21 (July 2, 2026) and Frankfurt close €0.174 (July 3, 2026). The company reported $499,477 of indebtedness and summarizes prior private financings and use-of-proceeds practices. Specific offering terms, proceeds treatment, and distribution methods will be provided in subsequent prospectus supplements.