Manhattan District Project Phase One Drilling Program

VANCOUVER – Scorpio Gold Corp. reported on Phase One of its 2025 drilling program at the Manhattan District Project, Nevada. The initial results from holes 25MN-011 and 25MN-012 intersect mineralization associated with the Reliance Trend. To date, 11 diamond drill holes have been completed, totalling 3,820 m. Further assay results are pending for the completed Phase 1 drill holes and Manhattan’s maiden resource estimate is anticipated in Q3.
Phase One of the 2025 drilling program targets (1) the Gap Zone, located between the historic Goldwedge and West Pit mines, along approximately 200 m of unexplored strike length; (2) Mustang Hill; and (3) the Zanzibar Trend, connecting Goldwedge, along approximately 500 m of strike length to Mustang Hill’s historic underground mines. Holes 25MN-011 and 25MN-012 both targeted the Gap Zone, intersecting Reliance Trend mineralization connecting the West Pit and Goldwedge mines. 
Mineralization at depth in hole 25MN-011 creates a new deep target within the Gap Zone. Low sulfidation veins are typically anastomosing, and company geologists believe that hole 25MN-012 undercut the trend of mineralization by remaining in the trend’s footwall.
VP Exploration, Harrison Pokrandt, said, “These significant results confirm mineralization in the previously undrilled 200 m long Gap Zone, which connects the historic West Pit to the permitted, previously operating, Goldwedge underground mine. This unexplored zone is the nearest term opportunity to add follow-on inventory to the upcoming compliant mineral resource estimate. The new deep zone within the Gap Zone opens new opportunity to further expand the resource at depth along strike, not only below the Gap Zone, but also below the base of existing drilling, that currently does not extend below 300 m vertical depth. We are awaiting additional drill results from holes drilled along the Gap Zone, Mustang Hill and Zanzibar Trend, as a part of the current Phase 1 of this drilling program. These target zones are previously undrilled and connect known resources with historically mined areas. We believe that these drill holes will confirm the continuity of these high-grade zones and contributed to near-term resource expansion potential. With the initial resource estimate for the combined Manhattan property, as well as remnant historic resources scheduled for release soon, Scorpio Gold will have a new starting point and roadmap towards expanded resources.”