Scorpio Gold Hits 3.02 g/t Gold Over 48.92m

Scorpio Gold (NASDAQ:SGLD) has reported notable drill results from its Manhattan District Project in Nevada, with hole 26MN-115 returning 3.02 g/t gold over 48.92 metres from 118.87 metres. This interval included a higher-grade section of 19.29 g/t gold over 5.24 metres.

Hole 26MN-118 produced a broad intersection of 99.94 metres grading 1.19 g/t gold from 98.61 metres. The company also encountered 5.14 g/t gold over 10.15 metres from 173.58 metres at the faulted contact between the Zanzibar Formation and Manhattan Caldera Volcanics.

Phase Two drilling has reached 114 holes and 32,585 metres, with assays now reported for 107 holes covering 30,889 metres. Seven holes totalling 1,696 metres remain pending, providing additional near-term exploration results to watch.

Hole 26MN-116 intersected 0.93 g/t gold over 22.16 metres, including 3.72 g/t over 3.75 metres. This hole also intersected 0.84 g/t gold over 25.05 metres, containing 3.63 g/t over 3.47 metres.

## What it means The drill results from Scorpio Gold's Manhattan District Project are significant, as they indicate both grade and mineralized scale within the target. The presence of higher-grade intervals, such as 19.29 g/t gold over 5.24 metres, suggests potential for economic mineralization. With seven holes still pending, investors can expect additional near-term exploration results.

## Why it matters The Manhattan District Project is a key exploration program for Scorpio Gold, and the latest drill results provide evidence of the project's potential. The combination of broad mineralized intervals and higher-grade zones is encouraging, and the pending assay results will be closely watched by investors.