The latest laboratory results from Scorpio Gold Corp. (TSXV: SGN, OTC: SRCRF, FSE: RY9) outline encouraging extensions of mineralization at the Manhattan District in Nevada. Three step-out holes from the Phase Two drill program — 26MN-064, 26MN-065 and 26MN-066 — returned multiple gold-bearing intervals outside the modeled pit shell. These assays add detail to a growing picture of structural and lithologic controls along the Zanzibar Trend and within the Gap Zone, and they build upon prior releases dated April 16, 2026 and February 11, 2026.
Across the program to date, Scorpio Gold has completed 75 diamond drill holes for a total of 21,706 metres in the Phase Two campaign. Results have been reported for 56 holes totaling 18,231 metres, while assays for 15 holes (26MN-067 through 26MN-085) comprising 3,475 metres are still pending. The company emphasizes that the new intercepts tested regions outside the Inferred Resource Constraining Pit (IRCP) used in the 2026 block model, highlighting targets that were previously uncategorized in the 2026 MRE.
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Drill highlights and intercept detail
Hole 26MN-066 produced standout results along the Zanzibar Trend, including 1.89 g/t gold over 6.31 metres from surface and a headline intercept of 2.74 g/t gold over 16.49 metres starting at 45.45 metres. Notable higher-grade sub-intervals include 10.98 g/t over 1.04 metres and 7.45 g/t over 4.15 metres. Hole 26MN-064, also on the Zanzibar Trend and drilled roughly 50 metres from prior holes, returned 2.10 g/t gold over 3.66 metres from surface and several additional carbonate-hosted intervals. These results indicate repeating mineralized horizons in Ordovician and Cambrian units beyond the constrained pit outline.
Zanzibar Trend insights
The Zanzibar Trend intercepts appear tied to felsic-carbonate lithologies of the Ordovician Zanzibar Formation and adjacent clastic units of the Cambrian Gold Hill Formation. Mineralization in 26MN-066 sits at and below the Ordovician-Cambrian boundary, suggesting that stratigraphic architecture is a key control. Scorpio Gold notes that these step-outs, each near 50 metres, help demonstrate continuity along a more than 300-metre untested strike corridor that may project northwest toward Goldwedge and potentially link to targets like Black Mammoth and the historical April Fool area.
Gap Zone results and interpretations
Hole 26MN-065 tested the Gap Zone where the Reliance Trend intersects Goldwedge. That hole yielded multiple intervals hosted in fine-grained meta-sedimentary and carbonate rocks, including 0.54 g/t gold over 22.49 metres from 41.64 metres and 4.39 g/t gold over 5.67 metres from 121.07 metres. A high-grade sub-interval of 25.66 g/t over 0.85 metres reinforces the presence of nuggety, concentrated mineralization within broader lower-grade envelopes. These data expand mineralized footprints outside the existing pit shell and support follow-up targeting along strike and at depth.
Geological context and continuity
The combined dataset strengthens the interpretation that a consistent combination of lithology and structure is controlling gold distribution across several adjacent targets. Scorpio Gold management has emphasized the growing confidence that strata and fault corridors observed along the Zanzibar Trend may extend through Goldwedge and toward other known zones. With one rig continuing to drill the Zanzibar corridor, the company expects to refine structural models and expand targeted step-outs in coming weeks.
Quality control, resource context and next steps
Sampling followed rigorous protocols: HQ core was halved, bagged with security tags and delivered to Paragon Geochemical in Reno for preparation. QA/QC measures included unmarked blanks, certified reference materials and duplicate requests, representing roughly 10% of the sample stream. Gold assays were completed using PA-AU02 PhotonAssay (~500 g, two-cycle) on crushed material with 70% passing 2 mm; Paragon facilities comply with ISO 17025:2017. The technical information was reviewed and verified by Thomas Poitras, P. Geo., Scorpio Gold’s Chief Geologist and the company’s Qualified Person.
The broader Manhattan District sits in Nevada’s Walker Lane and covers approximately 4,780 hectares, about 20 kilometres south of the operating Round Mountain mine. Historically the district produced roughly 700,000 ounces from late 19th-century to mid-2000s operations. The company’s Maiden MRE covering Goldwedge and Manhattan Pit reports 18,343,000 tonnes grading 1.26 g/t gold for 740,000 ounces in the inferred category (see Technical Report dated October 23, 2026 with effective date June 4, 2026). A separate historical estimate covering other targets totals 1,652,325 tonnes at 5.89 g/t for 303,949 ounces, but the company notes the Historical MRE from May 1997 is not being treated as current without confirmatory work.
Going forward, Scorpio Gold plans to integrate the new assays into updated geological models and continue step-out drilling to test strike and depth continuity. The company cautions that forward-looking statements are subject to risks and assumptions, including financing, permitting, and the inherent uncertainties of exploration. Readers are encouraged to consult the full Technical Report and company disclosures for complete details.
