Scorpio Gold (TSXV:SGN) Completes Phase 1 of Manhattan Drill Campaign, Launches Expanded Phase 2 to Bridge Goldwedge and Manhattan Targets

Scorpio Gold (TSXV:SGN) has announced the completion of Phase 1 of its drilling campaign in the Manhattan district and the commencement of Phase 2, which includes an expanded 13-hole program. This initiative aims to extend known mineralization along the strike into untested areas, ultimately bridging the Goldwedge and Manhattan targets into a single, larger resource.

Harrison Pokrandt, VP of Exploration for Scorpio Gold commented in a press release: “The Phase 1 and Phase 2 holes have been planned in close coordination with our advisory team led by Daniel Kunz and his team at Daniel Kunz & Associates (“DKA“), with the dual purpose of being follow ups to historic drilling, alongside moderate step-outs of known structures to connect multiple zones of mineralization, particularly the Goldwedge underground and Manhattan West Pit.”

The Manhattan Drill Campaign’s Phase 1 successfully gathered crucial data, setting the stage for the continuation and expansion in Phase 2. The company intends to use this data for preliminary metallurgical testing, which will help confirm previously drilled intervals at the Manhattan and Goldwedge targets. This information is expected to deepen the understanding of the known mineralized structures in the area.

Phase 2, now underway, features an expanded 13-hole program designed to explore further the mineralization along the strike. This phase aims not only to extend the known mineralization but also to integrate the Goldwedge and Manhattan targets into one cohesive resource. This integration could significantly enhance the overall resource potential of the Manhattan district.

The new drilling data from Phase 2 will also play a pivotal role in planning and executing a claim-wide structural mapping campaign, scheduled to begin in early September. This mapping campaign is critical for delineating the structural controls on mineralization, which can aid in identifying new drill targets and refining the geological model of the district.

Ultimately, the goal of these efforts is to support the completion of a National Instrument 43-101 (NI 43-101) compliant resource report later this year. This report will include a thorough metallurgical study and review, providing a comprehensive evaluation of the resource potential in the Manhattan district. The successful completion of this report will mark a significant milestone for Scorpio Gold, as it will provide a certified estimate of the resources available, guiding future development and investment decisions.

The company’s focus on detailed structural mapping and metallurgical testing underscores its commitment to rigorous scientific investigation and resource evaluation. By bridging the Goldwedge and Manhattan targets and extending the known mineralization, Scorpio Gold aims to maximize the resource potential of its claims in the Manhattan district.

As the drilling campaign progresses, Scorpio Gold continues to gather and analyze data that will inform future exploration and development activities. The Phase 2 drilling program, with its expanded scope, represents a critical step in this ongoing process. The results from this phase will provide valuable insights into the mineralization patterns and structural controls within the district.

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.