en.Wedoany.com Reported - Scorpio Gold Corp. has reported assay results for two additional drill holes from the Phase 2 drilling program at its Manhattan District project in Nevada, USA, including the discovery of new mineralization at the Black Mammoth target.
Drill hole 26MN-069 intersected 62.21 meters grading 0.62 g/t gold starting at a depth of 230.43 meters, including 4.94 meters grading 3.17 g/t gold starting at 236.92 meters. Other mineralized intervals in this hole include 15.39 meters grading 0.39 g/t gold starting at 303.19 meters; 10.79 meters grading 0.47 g/t gold starting at 323.27 meters; and 3.96 meters grading 0.69 g/t gold starting at 353.33 meters. Drill hole 26MN-072 intersected 4.86 meters grading 6.04 g/t gold starting at 308.23 meters, including 1.78 meters grading 15.99 g/t gold starting at 308.23 meters. This hole also intersected 15.79 meters grading 0.91 g/t gold starting at 368.65 meters, including 0.73 meters grading 16.43 g/t gold starting at 379.23 meters.
According to the company, drill holes 26MN-069 and 26MN-072 were drilled as 50-meter step-outs to the west and east, respectively, from drill hole 26MN-053 in the Black Mammoth area. Both holes tested areas more than 250 meters outside the Inferred Resource-constrained pit from the 2025 Mineral Resource Estimate block model. Scorpio Gold stated that the mineralization encountered in hole 26MN-069 is hosted in volcanic rocks of the Manhattan Caldera, a geological setting similar to that of the Round Mountain gold mine. The company reported that all four holes completed to date at Black Mammoth have intersected broad zones of gold mineralization in an area that had not been previously drilled.
As part of the Phase 2 diamond drilling program, the company has drilled 79 holes totaling 23,065 meters. Assay results have been reported for 60 holes (totaling 19,694 meters), while results for 19 holes (totaling 3,371 meters) remain pending. Harrison Pokrandt, Vice President of Exploration for Scorpio Gold, stated in the company's news release that as momentum continues to build at Zanzibar, equally strong results are emerging at Black Mammoth, where all four completed holes have intersected broad zones of gold mineralization in an area never previously drilled. Pokrandt added that much of this mineralization is hosted in volcanic rocks of the Manhattan Caldera, and the widths and continuity observed at Black Mammoth suggest a potentially more extensive mineralized system than previously recognized.
According to a May 7 report by The Gold Advisor, senior analyst Jeff Valks highlighted Black Mammoth as a focal point, emphasizing the intercepts from drill holes 26MN-069 and 26MN-072. The report noted that both drill areas tested zones more than 250 meters outside the Inferred Resource-constrained pit, placing the new gold mineralization outside the current 2025 maiden resource block model. Valks commented that Zanzibar has already captured market attention, and Black Mammoth provides Scorpio with another growth frontier at Manhattan.
Based on the company's investor presentation, Scorpio Gold plans to advance an expanded drilling program exceeding 50,000 meters at the Manhattan District project over a 12-month period. The presentation indicates plans to continue resource expansion drilling of over 50,000 meters in 2026, concurrent with mineralization delineation at historical resource areas. Plans also include completing a process flow diagram draft and scheme for a modernized metallurgical project in Q3 2026, and evaluating historical estimates through additional drilling and technical work in Q4 2026. The presentation notes that the 12-month plan includes advancing drilling at Goldwedge and the Manhattan open-pit areas to define additional Inferred Resources, while progressing exploration testing of historical estimates such as Black Mammoth. The company plans to continue drilling targets near Goldwedge and the Manhattan open pit as part of a program aimed at targeting an Inferred Resource of 2 million ounces of gold (grading over 1 g/t), a target that is conceptual in nature and refers only to an exploration target.
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