Scorpio Gold Announces Additional Drilling Results at the Manhattan District, Nevada

Core Viewpoint - Scorpio Gold Corp. has announced additional drilling results from its 2025 Phase 1 drilling program at the Manhattan District Project in Nevada, indicating significant gold mineralization and supporting the company's goal of expanding its maiden resource estimate to two million ounces of high-grade gold [1][4]. Summary by Sections Drilling Results - Phase 1 drilling included 12 diamond drill holes totaling 4,216 meters, with additional assay results pending for four remaining holes totaling 1,465 meters [2]. - Notable drill results include: - Hole 25MN-016: 0.91 g/t Au over 36.39 m, including 2.97 g/t Au over 3.41 m and 3.33 g/t Au over 4.08 m [7]. - Hole 25MN-017: 0.80 g/t Au over 33.13 m, including 10.07 g/t Au over 5.94 m [7]. - Hole 25MN-015: 5.49 g/t Au over 7.32 m [7]. Target Zones Overview - The 2025 Phase 1 drill program targeted four primary mineralized zones: the Gap Zone, Reliance Trend, Mustang Hill, and West Pit Extension, confirming continuity of mineralization and potential for resource expansion [5]. - The Gap Zone, located between historic mines, showed mineralization extending across a previously undrilled corridor of approximately 200 meters [5]. - Mustang Hill returned multiple high-grade intercepts near surface, reinforcing its significance as a growth target [5]. Transition to Phase 2 - With Phase 1 completed, the company is planning Phase 2, which will focus on systematically drilling the core of the Mineral Resource Estimate to the northwest of the West Pit [6]. - Phase 2 aims to complete 50,000 meters of drilling by the end of next August, supporting the goal of defining a two-million-ounce gold resource [8]. Marketing and Investor Engagement - Management will participate in The Hidden Gems Conference in New York City on October 20-21, 2025, to engage with potential investors and provide updates on the drilling program and resource estimates [24]. About the Manhattan District - The Manhattan District is located in the Walker Lane Trend of Nevada and has historically produced approximately 700,000 ounces of gold [26]. - The maiden Mineral Resource Estimate from June 2025 indicated 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 ounces contained in the inferred category [26].