Scorpio Gold Drills 1.69 g/t Gold over 55.7 Metres at the Manhattan District, Nevada
Scorpio Gold (SRCRF) has announced significant drilling results from its Manhattan District Project in Nevada. The key highlight is Hole 24MN-009, which returned 1.69 g/t gold over 55.7 metres, including higher-grade sections of 2.53 g/t Au over 8.7m and 4.71 g/t Au over 8.8m. The results demonstrate open-pit potential at the Goldwedge Underground Stope Trend, which remains open at depth and along strike.
The 2024 drilling campaign had two main objectives: supporting an open-pit focused maiden mineral resource estimate and testing expansion potential of the Goldwedge Trend. Hole 24MN-009 successfully extends mineralization 115m below surface, confirming the company's belief in Manhattan's potential as a multi-million-ounce gold resource in Nevada.
Scorpio Gold (SRCRF) ha annunciato risultati di perforazione significativi dal suo progetto Manhattan District in Nevada. Il punto saliente è Hole 24MN-009, che ha restituito 1,69 g/t di oro su 55,7 metri, inclusi tratti di qualità superiore di 2,53 g/t Au su 8,7m e 4,71 g/t Au su 8,8m. I risultati dimostrano il potenziale per un'operazione a cielo aperto nel Goldwedge Underground Stope Trend, che rimane aperto in profondità e lungo il prolungamento.
La campagna di perforazione del 2024 aveva due obiettivi principali: supportare una prima stima delle risorse minerali con focus su un'operazione a cielo aperto e testare il potenziale di espansione del Goldwedge Trend. Hole 24MN-009 estende con successo la mineralizzazione a 115m sotto la superficie, confermando la convinzione della società nel potenziale di Manhattan come risorsa d'oro multi-milionaria in Nevada.
Scorpio Gold (SRCRF) ha anunciado resultados significativos de perforación de su proyecto Manhattan District en Nevada. El aspecto destacado es Hole 24MN-009, que retornó 1.69 g/t de oro sobre 55.7 metros, incluyendo secciones de mayor grado de 2.53 g/t Au sobre 8.7m y 4.71 g/t Au sobre 8.8m. Los resultados demuestran el potencial de una mina a cielo abierto en el Goldwedge Underground Stope Trend, que se mantiene abierto en profundidad y a lo largo de la extensión.
La campaña de perforación de 2024 tenía dos objetivos principales: apoyar una estimación de recursos minerales centrada en mina a cielo abierto y probar el potencial de expansión del Goldwedge Trend. Hole 24MN-009 extiende con éxito la mineralización 115m por debajo de la superficie, confirmando la creencia de la compañía en el potencial de Manhattan como un recurso de oro de varios millones de onzas en Nevada.
스콜피오 골드 (SRCRF)가 네바다의 맨해튼 디스트릭트 프로젝트에서 중요한 드릴링 결과를 발표했습니다. 주요 하이라이트는 홀 24MN-009로, 55.7미터에서 1.69g/t 금이 나왔습니다. 그 중에서는 8.7미터에서 2.53g/t Au 및 8.8미터에서 4.71g/t Au의 고급 구간도 포함되어 있습니다. 이 결과는 골드웨지 언더그라운드 스톱 트렌드에서 노천 채굴 가능성을 보여주며, 깊이와 스트라이크 방향으로 계속 열려 있습니다.
2024 드릴링 캠페인은 두 가지 주요 목표를 가지고 있었습니다: 노천 채굴 중심의 첫 미네랄 자원 평가 지원 및 골드웨지 트렌드의 확장 가능성 시험입니다. 홀 24MN-009는 지표 아래 115미터에서 광물화를 성공적으로 연장하여 맨해튼이 네바다에서 수백만 온스의 금 자원으로서의 잠재력을 가지고 있다는 회사의 믿음을 확인시켜 주었습니다.
Scorpio Gold (SRCRF) a annoncé des résultats de forages significatifs de son projet Manhattan District au Nevada. Le fait marquant est Hole 24MN-009, qui a retourné 1,69 g/t d'or sur 55,7 mètres, y compris des sections de grade supérieur de 2,53 g/t Au sur 8,7m et 4,71 g/t Au sur 8,8m. Les résultats démontrent le potentiel d'une opération en open pit dans la tendance Goldwedge Underground Stope, qui reste ouverte en profondeur et sur la longueur.
La campagne de forage de 2024 avait deux objectifs principaux : soutenir une estimation des ressources minérales axée sur un projet en open pit et tester le potentiel d'expansion de la tendance Goldwedge. Hole 24MN-009 prolonge avec succès la minéralisation à 115m sous la surface, confirmant la conviction de la société dans le potentiel de Manhattan en tant que ressource aurifère multi-millionnaire au Nevada.
Scorpio Gold (SRCRF) hat bedeutende Bohrergebnisse aus seinem Manhattan District Projekt in Nevada bekannt gegeben. Das herausragendste Ergebnis ist Hole 24MN-009, das 1,69 g/t Gold über 55,7 Meter lieferte, einschließlich höhergradiger Abschnitte von 2,53 g/t Au über 8,7m und 4,71 g/t Au über 8,8m. Die Ergebnisse zeigen das Potenzial für eine Tagebauoperation im Goldwedge Underground Stope Trend, der in der Tiefe und entlang des Streiks offen bleibt.
Die Bohrkampagne 2024 hatte zwei Hauptziele: die Unterstützung einer auf Tagebau fokussierten Erstschätzung der Mineralressourcen und die Prüfung des Expansionspotenzials des Goldwedge Trends. Hole 24MN-009 erweitert die Mineralisierung erfolgreich um 115m unter der Oberfläche und bestätigt den Glauben des Unternehmens an das Potenzial von Manhattan als Millionen-Unzen-Goldressource in Nevada.
- Strong drill results: 1.69 g/t gold over 55.7 metres, including high-grade sections
- Mineralization confirmed 115m below surface, open at depth and along strike
- Results support potential for large-scale open-pit mining operation
- Additional drilling results expected in early 2025
- None.
Highlights
- Hole 24MN-009 returned:
- 1.69 grams per metric tonne ("g/t") gold ("Au") over 55.7 metres ("m").
- Wide high-grade intercept demonstrates open-pit potential of the Goldwedge Underground, further confirming larger open-pit potential for Manhattan District
- The Goldwedge Underground Stope Trend is open at depth and along strike.
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce further results from its 2024 drilling campaign at the Manhattan District Project ("Manhattan"), Nevada, USA. Under Scorpio's new management, the 2024 drilling campaign had two goals: (1) drilling to support an open-pit focused, maiden mineral resource estimate, and (2) drilling to test expansion potential of the Goldwedge Underground Stope Trend ("Goldwedge Trend") and the Reliance Fault to the northwest of the historic Manhattan open pits. Hole 24MN-009 tested the Goldwedge Trend successfully, extending mineralization and adding to the results announced on October 24, 2024 (Figure 1).
Scorpio Gold's Vice President of Exploration, Harrison Pokrandt, commented, "Hole 24MN-009 undercuts the underground workings and previous drilling along the Goldwedge Trend. The 1.69 g/t over 55.7 metres interval further strengthens our belief that the Goldwedge Trend has open pit potential at Manhattan. Results from the 2024 drilling campaign are strengthening our belief in Manhattan's potential as a multi-million-ounce gold resource in Nevada."
Scorpio Gold's CEO, Zayn Kalyan, remarked, "2024 has been a transformative year for Scorpio Gold. With new management and a re-set share structure we refocused the company on Manhattan's potential to host a large open-pit gold deposit. Today's result is a large step forward, with a wide, high-grade intercept on the Goldwedge Trend that is open for expansion. We have more drilling results expected in early 2025, ahead of Manhattan's maiden mineral resource estimate. We are using these results to guide a larger expansion drilling program in 2025."
Figure 1: Plan view of Manhattan District gold mineralization. Note: Indicative grade shells are shown, 2024 drill holes are labelled with their attributes listed in Table 3, B to B' cross-section noted in green (Figure 2).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/233309_70201af9a4eb9a89_002full.jpg
Drilling Details
Drill hole 24MN-009 targeted the Goldwedge Trend beneath the underground workings and confirms mineralization 115 m below surface that is open at depth, along strike, and to the east (see Figure 1).
The hole features notable mineralization related to the Goldwedge Trend within a drilled depth of 118.9 m to 174.7 m, including 2.53 g/t Au over 8.7 m and 4.71 g/t Au over 8.8 m (see Table 1). This interval expands the strong mineralization noted in historic surface and underground drill holes at the Goldwedge Mine (see Figure 2). The mineralization is hosted within strongly silicified and sericite-chlorite altered argillite and limestone units with brecciated quartz-adularia-calcite veins. The zone is strongly deformed (see Figure 3) with multiple brittle fault zones.
| Drill Hole ID | From (m) | To (m) | Intercept (m) | Gold (g/t) | ETW¹ (m) |
| 24MN-003 | 41.1 | 55.1 | 14.0 | 0.64 | 12.6 |
| including | 53.9 | 55.1 | 1.2 | 5.63 | 1.0 |
| 199.3 | 206.0 | 6.7 | 2.45 | 6.0 | |
| including | 202.4 | 204.2 | 1.8 | 8.36 | 1.6 |
| 254.9 | 260.0 | 5.1 | 0.73 | 4.6 | |
| 24MN-009 | 118.9 | 174.7 | 55.7 | 1.69 | 33.4 |
| including | 121.4 | 122.8 | 1.4 | 3.09 | 0.9 |
| including | 126.2 | 127.7 | 1.5 | 3.14 | 0.9 |
| including | 129.2 | 130.6 | 1.4 | 3.12 | 0.8 |
| including | 132.0 | 135.2 | 3.2 | 2.24 | 1.9 |
| including | 148.1 | 149.7 | 1.5 | 1.05 | 0.9 |
| including | 152.9 | 161.5 | 8.7 | 2.53 | 5.2 |
| including | 165.8 | 174.7 | 8.8 | 4.71 | 5.3 |
| ¹ "ETW" is "estimated true width" is based on drill hole geometry and geological interpretations. | |||||
Table 1: Manhattan District gold assay highlights from 2024 drilling campaign.
Figure 2: Drill hole 24MN-009 cross-section (B to B'), as noted in Figure 1. Note: Coordinate system is ESPG: 32008 (feet); elevations are in feet; drill holes without collar dots are oblique to the cross-section plane.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/233309_70201af9a4eb9a89_003full.jpg
Figure 3: Hole 24MN-009 highlight from 554 to 563 feet. Showing strongly deformed, altered and mineralized Goldhill Formation sediments, which are indicative of mineralization associated with the Stope Trend. These deformation zones increase our understanding of the geology at Manhattan.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/233309_70201af9a4eb9a89_004full.jpg
| Drill Hole ID | From (m) | To (m) | Intercept (m) | Gold (g/t) |
| GWUG20-001 | 25.3 | 32.9 | 7.6 | 12.47 |
| including | 26.8 | 28.4 | 1.5 | 53.49 |
| MWRC22-003 | 59.5 | 76.3 | 16.8 | 27.16 |
| including | 59.5 | 62.5 | 3.1 | 145.74 |
| MWRC22-010 | 134.2 | 147.9 | 13.7 | 11.98 |
| MWRC22-012 | 27.5 | 35.1 | 7.6 | 3.85 |
| MWRC22-014 | 16.8 | 19.8 | 3.1 | 4.03 |
| 79.3 | 86.9 | 7.6 | 3.53 | |
| including | 79.3 | 80.8 | 1.5 | 14.58 |
| MWRC22-018 | 62.5 | 85.4 | 22.9 | 4.90 |
| including | 70.2 | 71.7 | 1.5 | 38.76 |
| 112.9 | 122.0 | 9.2 | 5.19 | |
| including | 14.4 | 115.9 | 1.5 | 20.17 |
| 212.0 | 242.5 | 30.5 | 1.22 | |
| 259.3 | 285.2 | 25.9 | 1.28 | |
| MWRC22-021 | 24.4 | 65.6 | 41.2 | 3.98 |
| including | 35.1 | 42.7 | 7.6 | 15.41 |
| 266.9 | 280.6 | 13.7 | 1.75 |
Table 2: Significant historic Scorpio Gold drilling results at Manhattan. Drill holes are indicated on Figure 1. For full detail refer to news releases dated July 27, 2020, May 12, 2022 and October 6, 2022.
| Drill Hole ID | Easting | Northing | Azimuth | Dip | Total Depth (m) |
| 24MN-003 | 380148 | 1379647 | 45 | -62 | 1017 |
| 24MN-009 | 379992 | 1381664 | 255 | -75 | 754 |
| GWUG20-001 | 379536 | 1381781 | 243 | -10 | 48 |
| MWRC22-003 | 380571 | 1380128 | 238 | -62 | 186 |
| MWRC22-011 | 381052 | 1378374 | 40 | -61 | 183 |
| MWRC22-014 | 380857 | 1378618 | 47 | -60 | 213 |
| MWRC22-018 | 380904 | 1380581 | 240 | -47 | 290 |
| MWRC22-021 | 380982 | 1380298 | 66 | -46 | 299 |
Table 3: Manhattan District drill hole attributes. Coordinate system is ESPG: 32008 (feet).
OPEN HOUSE
Scorpio Gold will be hosting an open house at headquarters in Vancouver, BC on January 21, 2025, from 1-3pm PT. Welcoming shareholders and the investment community to meet with management, ask questions about our Manhattan and Mineral Ridge projects, preview our drill core and more. To learn more about the event, or to RSVP (by January 10, 2025), please email ir@scorpiogold.com.
QA/QC
Diamond drill core samples were bagged and secured with security tags to ensure integrity during transportation to either the Reno, NV, or Elko, NV, ALS Geochemistry facility for preparation. For Quality Assurance, unmarked blanks (coarse and fine), unmarked certified reference materials, and requested laboratory duplicates were inserted into the sampling sequence. QA samples were systematically inserted into each batch of samples, amounting to approximately
Composite assay grades presented are defined as mineralized intervals using a gold grade minimum average of 0.10 g/t with no break in mineralization greater than 3.00 m.
Qualified Person
The technical information in this news release has been reviewed and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Scorpio Gold Corp.
Scorpio Gold holds a
ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION
Zayn Kalyan, Chief Executive Officer and Director
Tel: (604) 252-2672
Email: zayn@scorpiogold.com
Investor Relations Contact:
Kin Communications Inc.
Tel: (604) 684-6730
Email: SGN@kincommunications.com
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(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9)
Forward-Looking Statements
The Company relies on litigation protection for forward-looking statements. This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-Looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding: the significant potential for a large open pit high-grade gold resource at the Manhattan District; pending assay results for the phase 1 and 2 drilling program on Manhattan and such results further increasing the likelihood of continuity of mineralization; hole 24MN-007 further increasing the likelihood of expansion of the West Pit mineralization; any potential mineral resource estimates on Manhattan; and efforts focused on amalgamating historical data into a modern database. There is significant risk that the forward-looking statements will not prove to be accurate, that the management's assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements, including those risk factors outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-Looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty thereof.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233309
FAQ
What are the latest drill results from Scorpio Gold's (SRCRF) Manhattan Project?
How deep is the mineralization at SRCRF's Goldwedge Underground Trend?
When will Scorpio Gold (SRCRF) release its maiden mineral resource estimate for Manhattan?
What are the main objectives of SRCRF's 2024 Manhattan drilling campaign?
When is Scorpio Gold's (SRCRF) upcoming open house event?
