en.Wedoany.com Reported - Scorpio Gold Corp. (TSX.V: SGN) announced on June 2, 2026, interim results from its Phase II drilling program at the Manhattan District project in Nevada. The company has completed 91 drill holes totaling 25,838 meters in Phase II; as of the news release date, data from 73 holes have been reported, with results for the remaining 18 holes pending.
Highlighted intercepts include: Hole 26MN-078 intersected 18.04 meters grading 0.58 g/t gold from 311.05 meters depth at Black Mammoth; Hole 26MN-088 intersected 17.4 meters grading 0.35 g/t gold from 185.96 meters depth at Black Mammoth. Mineralization in 26MN-078 occurs within volcanic rocks of the Manhattan Caldera, a geological setting similar to the Round Mountain Gold Mine, which hosts large-scale gold mineralization in volcanic units. These two holes follow up on previous Black Mammoth intercepts, including: Hole 26MN-053 intersected 24.69 meters grading 0.75 g/t gold from 230.12 meters depth; Hole 26MN-057 intersected 40.23 meters grading 1.02 g/t gold from 195.68 meters depth; Hole 26MN-069 intersected 62.21 meters grading 0.62 g/t gold from 230.43 meters depth; and Hole 26MN-072 intersected 15.79 meters grading 0.91 g/t gold from 368.65 meters depth.
Harrison Pokrandt, Vice President of Exploration at Scorpio Gold, stated that the company continues to encounter gold mineralization in the volcanic tuffs of the Oligocene Round Rock Formation—caldera-fill volcanic rocks—at the Black Mammoth project, with multiple drill holes showing wide, continuous intercepts and open-ended mineralization. He noted that drilling has now advanced to the northern end of the deposit, where the caldera margin—the contact zone between Ordovician sedimentary rocks and Oligocene volcanic sequences—is becoming an increasingly prominent feature. Pokrandt emphasized that this area has never been tested by modern drilling, and the repeatability of mineralization in volcanic tuffs suggests this may be more than a narrow vein system, potentially a broad, large-tonnage mineralized zone similar to the Round Mountain Gold Mine.
The Manhattan District is a historic mining area located in the Walker Lane Trend of Nevada, immediately south of the still-operating Round Mountain Gold Mine, which has historically produced over 15 million ounces of gold. Scorpio Gold has consolidated multiple past-producing mines within the Manhattan District into a single entity, which holds all permits and water rights.
Scorpio Gold is a Canadian mining company with a 100% interest in the Manhattan District. The district covers approximately 4,780 hectares and includes the advanced-stage Goldwedge mine (with a 400-tonne-per-day gravity mill) and four past-producing pits acquired from Kinross Gold Corp. (TSX: K; NYSE: KGC) in 2021.
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