Scorpio Gold Unveils 19 High Potential Gold Exploration Targets at the Manhattan District, Nevada

Core Insights - Scorpio Gold Corporation has identified 19 high-potential exploration targets in the Manhattan District, Nevada, which is fully owned by the company [1][2][25] - The Manhattan District is considered underexplored, with significant resource expansion potential, particularly in historic high-grade resources [2][3] - The company is fully funded for a 50,000-meter Phase 2 drill program, which is expected to enhance the value of the Manhattan asset [2][19] Exploration Targets - The exploration targets are categorized into four stages: Target Definition, Defined Target, Drill-ready Target, and MRE Drilling, indicating a structured approach to advancing exploration [4][12] - The targets exhibit high-grade, structurally controlled low-sulfidation gold mineralization, with favorable geological conditions for gold deposits [11][12] - Historical data compilation includes over 92,635 meters of drilling and various assays, which will aid in the exploration process [3][12] Historical Context and Resource Estimates - The Manhattan District has historically produced approximately 700,000 ounces of gold, with a maiden mineral resource estimate indicating 740,000 ounces of contained gold in the inferred category [22][25] - The historical mineral resource estimate for specific areas within the district shows a total of 303,949 ounces of contained gold at an average grade of 5.89 g/t [22][25] - The district is situated in a geologically favorable area, adjacent to the Tertiary-aged Manhattan caldera, which is known for hosting significant gold deposits [22][25] Drilling and Development Plans - The Phase 1 diamond drilling program has been completed, and the Phase 2 program is currently underway, with a minimum of 50,000 meters planned [19] - The company is mobilizing additional diamond drill rigs to expedite the drilling process and enhance exploration efforts [19] - A comprehensive geometallurgical mapping and metallurgical testing program is being initiated to further de-risk the project [19] Marketing and Investor Engagement - The CEO and VP of Exploration are participating in roadshows and investment conferences to engage with potential investors and provide updates on the drilling program [20][21] - The company aims to enhance its visibility and attract investment through these engagements, highlighting the potential of the Manhattan District [20][21]