High Potential Gold Exploration Targets At Manhattan District

VANCOUVER – Zayn Kalyan, CEO and Director of Scorpio Gold Corporation, reported, “The scale and opportunity of the Manhattan District remain to be realized. Have recently identified 19 high-potential exploration targets at the Manhattan District located in Nevada. The sheer number of targets and historic work across the entire project gives us confidence that there is considerable near and long-term resource expansion potential. The 4 historic high-grade resources, Keystone Jumbo, Hooligan, Black Mammoth, and April Fool’s, represent underexplored opportunity for district scale, multi-million-ounce potential, both along strike and at depth. With the recent NI 43-101 compliant resource bottoming out at 200 m, and with many holes ending in mineralization, our team has a high degree of confidence in developing and defining a significant gold district. As a past producer, with a permitted small-scale mill at Goldwedge and located ten miles south of Kinross’ Round Mountain, Manhattan has considerable infrastructure advantages. With Scorpio fully funded to complete the current 50,000 m Phase 2 drill program, we anticipate frequent news will signal the building of true value at Manhattan, our low risk and high-grade Nevada gold asset.”
Scorpio geologists and consultants are currently digitizing and compiling historic hard copy reports into a conversant, modern GIS digital database for the project area. This is the first time this data has been united for the consolidated property and the first time it will be available for unified interpretation. Currently, this historic data includes over 92,635 m drilling, greater than 350 historic production workings, 42,500 drill assays, 4,043 field rock assays, and 4,819 soil samples. Once fully digitized, this data should prove to be of great value.
Scorpio has made large advances towards being able to develop a genetic model for gold mineralization that can be used predictively to target both extensions of existing resources and known mineralization, and to generate new targets. To date, 19 exciting targets have been identified and categorised into four exploration stages, ranging from Target Definition to Mineral Resource Estimate (MRE) Drilling. The first stage, “Target Definition”, is defined as a target that has existing data, but needs compilation to define the target and work program needed to advance to the next stage. The second stage, “Defined Target”, is a target that is well defined in two or three dimensions and requires additional data collection to advance to a drilling stage. The third stage, “Drill-ready Target”, requires minimal additional work prior to beginning drilling the target. The final stage, “MRE Drilling”, is a target with existing drilling that can be included in a MRE or can be drilled to expand its current MRE.
The 19 targets exhibit high-grade structurally controlled low sulphidation gold mineralization and tend to “blow out” along favourable meta-sedimentary units. Examples of mineralization in favorable meta-sedimentary units include in sandstones, which is easily observed in the East and West pits; in carbonates, which is observed along the Mayflower trend and within Ordovician limestones throughout the project area; and in jasperoids (silicified calcareous siltstones) at Black Mammoth and Mustang Hill. Higher grades occur within structures, such as at Goldwedge; in breccia bodies, that are particularly common where multiple structures intersect, such as in the Union Stray Dog (“USD”) pit. Most targets comprise multiple combinations of these mineralization styles. In general, location of mineralization appears to be within the hinge zone of the district scale west-northwest trending antiform and associated faulting following the same trend.
The Company is compiling and organising a huge amount of historical data and, once complete, final interpretations, targeting and work programs will be established. Data work is underway, and initiation of work programs on these targets is anticipated in Q1, 2026.