공시 • Jan 01
Scorpio Gold Announces Further Drill Results from Manhattan Project
Scorpio Gold Corp. announced results from seven holes from its 2025 drilling program at the Manhattan District Project ("Manhattan"), Nevada, USA: from the Phase Two program (25MN-027 through 25MN-033). The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 35 diamond drill holes this year, MN25-011 through MN25-045, totalling 10,880 m. With the results herein, Scorpio Gold has reported assays on 23 of these (25MN-011 through 25MN-033), totalling 7,711 m, and assays are pending from 12 holes (25MN-034 through 25MN-045), totalling 3,169 m. The pending results will be reported in the New Year as they come available and are briefly discussed below. Three holes were drilled in the Gap Zone (25MN-027, 25MN-028 and 25MN-028), two holes were drilled at the southern end of the West Pit (25MN-032 and 25MN-033) and one hole was drilled at the northern end of the West Pit (25MN-031). One exploration hole was drilled between the Reliance Trend and Mustang Hill, 25MN- 029. Generally, holes tested laterally and below the Inferred Resource Constraining Pit, modelled at a gold price of USD 2,500 and a 0.3 g/t gold only cutoff grade ("IRCP"), and including other inputs including: mill recovery of 90%, 50 degree pit slope angle for in-situ rock, mining costs of USD 3.00 per tonne for both ore and waste, milling costs of USD 15.00 per tonne processed, general administration cost of USD 3.50 per tonne processed and 2% royalty costs, and ore loss and dilution not applied. Intervals returning weighted average grades of more than 1 g/t gold are hosted in structural feeder zones and, in 25MN-028 at a lithological contact at the base of a limestone unit. Some of these structures, such as the Reliance Fault/Trend and the Brougher Fault have been previously mapped, and other structures have been newly recognized in drilling and outcrop. Lower grade mineralization occurs in receptive argillites and phyllites (collectively, fine grained clastics), most likely within mineralized envelopes around such structures. These mineralization styles are consistent with the Company's existing geological model. Completed Hole Summaries - Reported Results: Hole 25MN-027, contained three intervals, all hosted in fine grained clastic units, of 3.78 m, 5.41 m and 8.78 m grading 0.38 g/t gold, 0.25 g/t gold and 0.52 g/t gold respectively. The first of these intervals falls within the IRCP and the latter two intercepts are located 50 m and 170 m respectively, below the IRCP. Hole 25MN-028, contained four intervals. The uppermost interval of 3.84 m grading 0.25 g/t gold located at the base of a limestone unit, approximately at the IRCP wall. The lower three intervals, all hosted in argillites, of 2.53 m, 7.54 m and 3.34 m grading 2.71 g/t gold, 0.23 g/t gold and 0.49 g/t gold respectively, and located 80 m, 180 m and 190 m below the IRCP. Hole 25MN-029, was an exploration drill hole testing a deep, distal structural target located between the Reliance Trend and Mustang Hill and returned no reportable intercepts. Hole 25MN-030, was drilled in the area of the Goldwedge Mine and contained four intervals: 32 m grading 0.36 g/t gold from 29.57 m, less than 50 m behind the upper part of the IRCP; and two further intervals of 8.53 m grading 0.43 g/t gold and 9.63 m grading 0.24 g/t gold from 189.89 m and 204.37 m respectively, both in phyllites and 70-80 m below the IRCP; and 7.38 m grading 2.21 g/t gold from 222.14 m along the Reliance Trend in phyllites and approximately 100 m below the northern end of the IRCP. Hole 25MN-031 was drilled at the northern end of the historic West Pit and contained six intervals. The upper four intervals were located within the IRCP: 21.34 m grading 0.30 g/t gold from 34.75 m within limestones; 22.40 m grading 0.26 g/t gold from 121.92 m in phyllites including 8.95 m grading 1.34 g/t gold in asplay of the Reliance Fault from 170.67 m; 2.77 m grading 3.54 g/t gold from 205.71 m, also in a splay of the Reliance Fault, hosted in phyllites. The lower two phyllite hosted intercepts of 3.12 m grading 0.23 g/t gold and 3.75 m grading 0.44 g/t gold from 218.10 m and 256.40 m respectively down hole, and 10 m and 75 m respectively below the IRCP. Hole 25MN-032 contained two argillite hosted intervals of 5.70 m grading 0.2 g/t gold from 111.65 m, approximately 40 m to the west of the IRCP and 4.63 m grading 0.33 g/t gold from 163.56 m in a fault zone, parallel to the mapped Brougher Fault, and approximately 70 m from the bottom of the IRCP. Hole 25MN-033, was drilled along the IRCP wall and intercepted 1.37 m grading 4.17 g/t gold from 6.10 m in a structure hosted in phyllites and 5.27 m grading 0.40 g/t gold from 187.12 m in a similar setting and located approximately 25 m below the IRCP. 25MN-034: Drilled on the Reliance Trend at the northern end of the historic West Pit, approximately 50 m to the east northeast of drill hole 25MN-031. 25MN-035: Drilled at the southern extension of the historic West Pit, within a structurally complex zone near the intersection of the Nellie Gray and Brougher Parallel Faults. 25MN-036: Drilled as a 50 m step out to the north northwest of drill hole 25MN-034 on the Reliance Trend. 25MN-037: Drilled at the southern end of the historic West Pit, approximately 80 m to the east of MN25-033 and approximately 80 m northeast of 25MN-032 in the Stray Dog target area. 25MN-038: Drilled at the southern end of the historic West Pit, within a structurally complex zone near the intersection of the Nellie Gray and Brougher Parallel Faults. 25MN-039: Drilled as a 50 m step out on drill hole MN25-036, to the north northwest, on the Reliance Trend. 25MN-040: Drilled as a 50 m step out on hole MN25-038, to the east northeast, in a structurally complex area to the south of the historic West Pit and northwest of the historic USD Pit. 25MN-041: Drilled in the Gap Zone to test the faulted contact zone between caldera volcanics and older sedimentary units that host the current Inferred Mineral Resource. 25MN-042: Drilled as a 50 m step out on drill hole MN25-039 to the north northwest, on the Reliance Trend. 25MN-043: Drilled directly north of the historic East Pit, to test for a northerly extension of a mineralized fault splay which hosted significant gold mineralization in the mined-out portions of the East Pit. 25MN-044: Drilled largely outside of the current Inferred Mineral Resource to test newly recognized gold mineralization along the faulted contact between caldera volcanics and older sedimentary units. 25MN-045: Drilled largely outside of the current Inferred Mineral Resource to test newly recognized gold mineralization along the faulted contact between caldera volcanics and older sedimentary units.