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Scorpio Gold Reports Drilling Results from Phase Two Drill Program At Manhattan District Project
Scorpio Gold has drilled 102 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-112, for a grand total of 28,939 m. With the results herein, Scorpio Gold has reported assays on 99 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-108, and 26MN-110, totalling 27,793 m, and assays are pending from 3 holes (26MN-109, 26MN-111 and 26MN-112), totalling 1,146 m. The pending results will be reported as they become available. In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent, has not been used or included in any results to date. Results from drill hole GWUG-11-11 are also included in Table 1 and discussed below. Any new significant results from historic core or pulps will be reported as they become available. Hole 26MN-090 returned, along the Zanzibar Trend: 0.91 g/t gold over 20.63 metres from 74.38 m and 16.47 g/t gold over 2.35 m from 143.41 m within the Gold Hill Formation. Hole 26MN-099 returned, along the Zanzibar Trend: 0.88 g/t gold over 18.59 m from 98.76 m at the Zanzibar-Gold Hill Formation stratigraphic contact, including 1.28 g/t gold over 9.45 m from 101.19 m. 2.10 g/t gold over 16.15 m from 126.95 m within Gold Hill Formation fault breccia, including 2.91 g/t gold over 10.27 m from 128.32 m. Hole 26MN-101 returned, at Goldwedge: 1.60 g/t gold over 33.53 m from 6.70 m within the Zanzibar Formation, including 7.11 g/t gold over 5.18 m from 33.83 m. Hole 26MN-104 returned, along the Zanzibar Trend: 35.23 g/t gold over 1.01 m from 139.26 m within the Gold Hill Formation. Hole 26MN-110 returned, at Goldwedge: 2.05 g/t gold over 97.99 m from 64.16 m within the Gold Hill Formation, including; 18.19 g/t gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.1 m, and 8.98 g/t gold over 7.32 m from 144.01 m. Also, within the Gold Hill Formation, 1.75 g/t gold over 14.63 m from 180.44 m. Drill holes 26MN-087, 26MN-090, 26MN-093, 26MN-094, 26MN-097, 26MN-099, and 26MN-104 are all approximately 50 m step-outs along the Zanzibar Trend. Hole 90 had two substantial zones, 0.91g/t over 20.6m and 16.47 g/t over 2.35m. These add to the significant mineralization recently encountered along the Zanzibar Trend, including: 3.14 g/t gold over 49.62 m from 59.95 m (25MN-044), 0.66 g/t gold over 57.64 m from 29.59 m (25MN-045), 2.10 g/t gold over 22.25 m from 34.14 m (26MN-063), 2.74 g/t gold over 16.49 m from 45.45 m (26MN-066), 10.40 g/t gold over 5.67 m from 34.29 m (26MN-067), 1.94 g/t gold over 17.07 m from 55.47 m (26MN-067), 12.78 g/t gold over 5.91 m from 134.51 m (26MN-067), 0.69 g/t gold over 23.23 m from 4.05 m (26MN-070), 2.68 g/t gold over 11.34 m from 0.76 m (26MN-071), 2.77 g/t gold over 12.68 m from 58.64 m (26MN-080), 5.19 g/t gold over 6.55 m from 62.03 m (26MN-080). Drill holes 26MN-095, 26MN-098, 26MN-100, 26MN-101, 26MN-103, 26MN-105, 26MN-106, 26MN-107, 26MN-108, and 26MN-110 are all approximately 50 m step-outs, both laterally and at depth, at Goldwedge. Recent drilling at Goldwedge, including the results within, has demonstrated consistently strong mineralization: 0.59 g/t gold over 49.23 m from 31.69 m (26MN-048), 11.84 g/t gold over 8.39 m from 106.21 m (26MN-075), 1.27 g/t gold over 45.23 m from 137.95 m (26MN-086), 1.17 g/t gold over 21.58 m from 111.71 m (26MN-089), 0.62 g/t gold over 16.28 m from 137.03 m (26MN-089), 2.04 g/t gold over 11.83 m from 115.67 m (26MN-091), 0.68 g/t gold over 25.02 m from 142.04 m (26MN-091), 4.43 g/t gold over 5.18 m from 172.21 m (26MN-091), 6.95 g/t gold over 11.98 m from 242.99 m (26MN-091). Drill hole 26MN-102 is a 50 m step-out to the east of drill hole 26MN-096. Black Mammoth is a ~200-250 m step-out from Goldwedge. Significant mineralization at Black Mammoth, including the results within, includes: 0.75 g/t gold over 24.69 m from 230.12 m (26MN-053), 1.02 g/t gold over 40.23 m from 195.69 m (26MN-057), 0.99 g/t gold over 41.45 m from 195.68 m (26MN-057), 0.78 g/t gold over 12.92 m from 293.71 m (26MN-057), 0.62 g/t gold over 62.21 m from 230.43 m (26MN-069), 6.04 g/t gold over 4.86 m from 308.23 m (26MN-072), 0.91 g/t gold over 15.79 m from 368.65 m (26MN-072), 0.58 g/t gold over 18.04 m from 311.05 m (26MN-078), 0.57 g/t gold over 17.98 m from 157.28 m (26MN-092), 0.83 g/t gold over 18.01 m from 277.68 m (26MN-092), 8.10 g/t gold over 1.52 m from 450.35 m (26MN-092), 2.56 g/t gold over 13.38 m from 293.28 m (26MN-096). Historic drill hole GWUG-11-11, was relogged and sampled and returned 8.59 g/t gold over 6.1 m from 9.75 m. All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit, targeting new mineralization outside of the 2025 MRE block model. The maiden mineral resource estimate covering the Goldwedge and Manhattan Pit areas of Manhattan 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.
