Scorpio Gold Drills 3.02 g/t Gold over 48.92 Metres from 118.87 Metres and 1.19 g/t Gold over 99.94 Metres from 98.61 Metres at the Goldwedge Target at Manhattan

NewsfileSep 2, 2026 · 3 days ago

Drill Results

Drill Intercepts ⛏

8/103.02 g/t · 48.92m

8/101.19 g/t · 99.94m

8/103.02 g/t · 48.92m

Analyst Takeaways

Hole 26MN-115 delivered a robust 3.02 g/t gold intercept over 48.92m with a high-grade inclusion of 19.29 g/t over 5.24m, indicating significant mineralization potential at the Goldwedge Target.
The 5.14 g/t gold over 10.15m intercept at the Zanzibar Formation-Manhattan Caldera Volcanics contact suggests structural controls on gold enrichment that warrant further exploration.
Hole 26MN-118's 1.19 g/t gold over 99.94m represents substantial tonnage at average grades, potentially supporting an open-pit economic scenario if confirmed over broader areas.
Multiple drill holes with consistent intercepts indicate a coherent mineralized system rather than isolated high-grade shoots, reducing exploration risk at Manhattan.

AI-generated · verify against original source

HighlightsHole 26MN-115 returned, at Goldwedge:3.02 g/t gold over 48.92 metres ("m") from 118.87 m including 19.29 g/t gold over 5.24 m from 151.79 m within the Zanzibar Formation.5.14 g/t gold over 10.15 m from 173.58 m, at the faulted contact of the Zanzibar Formation and Manhattan Caldera Volcanics.0.46 g/t gold over 16.70 m from 210.92 m within the Manhattan Caldera VolcanicsHole 26MN-118 returned, at Goldwedge:1.19 g/t gold over 99.94 m from 98.61 m including 5.13 g/t gold over 4.16 m from...

Frequently Asked Questions

What are the grade quality results from these drill holes?+

Hole 26MN-115 achieved high-grade intervals (5.14–19.29 g/t Au) in narrower zones plus a 3.02 g/t average interval, while Hole 26MN-118 delivered lower-grade but longer mineralization (1.19 g/t Au over ~100m), suggesting mixed exploration targets.

What geological controls are driving gold mineralization?+

Mineralization occurs within the Zanzibar Formation and is enhanced at faulted contacts with the Manhattan Caldera Volcanics, indicating structural controls that may be exploitable for further targeting.

How does intercept length compare to typical Manhattan deposits?+

The 48.92m and 99.94m intercept lengths are substantial; the latter approaches exploration-stage thresholds for open-pit viability if grades and lateral continuity are confirmed.

Are these results consistent across multiple holes?+

Yes, both Holes 26MN-115 and 26MN-118 delivered significant intercepts at Goldwedge, suggesting a persistent mineralized zone rather than isolated pockets, which reduces geological risk.

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Scorpio Gold Drills 3.02 g/t Gold over 48.92 Metres from 118.87 Metres and 1.19 g/t Gold over 99.94 Metres from 98.61 Metres at the Goldwedge Target at Manhattan

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