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Scorpio Gold Drills 28.35 Metres Grading 1.25 g/t Gold, from 124.75 Metres Extending Mineralization Along Caldera Within Goldwedge, Manhattan District, Nevada
Highlights Hole 25MN-048 returned 0.59 g/t gold over 49.23 metres ("m"), 1.25 g/t gold over...
About this update from Scorpio Gold Corporation
[{"type":"text","content":"Scorpio Gold Drills 28.35 Metres Grading 1.25 g/t Gold, from 124.75 Metres Extending Mineralization Along Caldera Within Goldwedge, Manhattan District, NevadaHighlightsHole 25MN-048 returned 0.59 g/t gold over 49.23 metres (\"m\"), 1.25 g/t gold over 28.35 m, and 0.62 g/t over 32.13 m.Hole 25MN-047 returned, 10.36 g/t gold over 1.68 m, including 22.49 g/t gold over 0.76 m, and 0.55 g/t gold over 14.45 m.Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) (\"Scorpio Gold\", or the \"Company\") is pleased to announce results from three step out holes of the Phase Two drill program at the Manhattan District Project (\"Manhattan\"), Nevada, USA: 26MN-046, 26MN-047 and 26MN-048. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 47 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-056, and 26MN-048, for a grand total of 15,280 m. With the results herein, Scorpio Gold has reported assays on 38 of these (25MN-011 through 25MN-045 and 26MN-046 through 26MN-048), totalling 11,907 m, and assays are pending from 9 holes (26MN-049 through 26MN-056 and 26MN-058), totalling 3,373 m. The pending results will be reported as they become available.\"Hole 26MN-048 is a pivotal step-out at Goldwedge that confirms strong gold mineralization along the caldera margin, beyond the current Inferred Resource Constraining Pit. The 28.35 metre interval grading 1.25 g/t gold from 124.75 metres, along with the broader 49.23 metre interval higher in the hole, demonstrates vertical continuity within the Zanzibar Formation and validates our structural model targeting the faulted contact between caldera volcanics and sedimentary units. Importantly, the deeper intervals convert previously uncategorized mineralization, extends the system down-dip, reinforces the openness along strike of the faulted caldera contact, and the prospective nature of the caldera-hosted corridor for further resource expansion,\" stated Harrison Pokrandt, VP Exploration of Scorpio Gold.\"These drill results continue to reflect our disciplined approach to advancing Manhattan and delivering meaningful updates to the market on a consistent cadence. With 47 holes completed in Phase Two and assays pending from additional step-ou...