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Scorpio Gold Corp. (TSXV: SGN,OTC:SRCRF) (OTCQB: SRCRF) (FSE: RY9) (“Scorpio Gold”, or the “Firm”) is happy to announce the graduation of its Part 2 Drilling Program on the Manhattan District Mission (“Manhattan”), Nevada, USA.
The Part 2 drilling program is deliberate to attain a minimal of fifty,000 metres of drilling, via diamond core and reverse circulation drilling. Part 2 will construct upon the just lately accomplished Part 1 diamond drilling program, which consisted of 12 diamond drill holes totalling 4,216 m, and the just lately introduced maiden Mineral Useful resource Estimate (see the Firm’s information launch dated September 11, 2025).
This subsequent section will probably be executed utilizing one diamond core drill and one reverse circulation drill, that are already drilling at web site, together with a second diamond core drill, which is being mobilized. Three drills will allow a extra aggressive tempo in the direction of finishing a minimal of 50,000 metres of drilling in roughly 200 drill holes by the tip of August 2026. This section will primarily deal with systematically increasing the Mineral Useful resource Estimate (“MRE“) to the northwest of the West Pit, focusing on each infill and step-out holes to increase the continual mineralization alongside the Reliance Pattern (see Determine 1). The second focus is to proceed delineating sturdy near-surface mineralization at Mustang Hill and increasing the MRE to the southwest of the West and East Pits. The third focus is to transform non-compliant Historic Sources, notably on the Keystone Jumbo high-grade goal (see information launch dated September 11, 2025). Part 2 is designed to ascertain an all-encompassing compliant NI 43-101 MRE for the Manhattan District and advancing Scorpio Gold’s near-term goal of defining a multi-million-ounce gold useful resource.
Scorpio Gold’s CEO, Zayn Kalyan, commented, “The launch of Part 2 marks a ramping up of exercise for Scorpio Gold as we construct immediately on the momentum of our just lately introduced maiden Mineral Useful resource Estimate. With three rigs actively engaged on finishing a 50,000 metre program, we’re accelerating our efforts to develop what we imagine has the potential to turn into a big multi-million-ounce gold system at Manhattan. This program is designed not solely to extend the arrogance and scale of the present useful resource, but in addition to start delivering constant exploration and growth catalysts to the market over the following 12 months. Part 2 is the following logical step in our technique to unlock the total worth of the Manhattan District, and we’re well-positioned to execute aggressively and successfully.”
Additional drilling outcomes are pending for the 4 remaining Part 1 drill holes, totalling 1,465 m, which add to earlier outcomes introduced in information releases dated August 25, 2025 and October 14, 2025. These drill holes focused (1) the Hole Zone, positioned between the historic Goldwedge and West Pit mines, alongside roughly 200 m of unexplored strike size of the Reliance Pattern, and (2) Mustang Hill’s historic underground mines (see information launch dated June 19, 2025). The remaining Part 1 drilling outcomes are anticipated to be launched quickly.
Determine 1: Map of the Manhattan District with accomplished Part 1 drill holes, vital gold intercepts, and deliberate Part 2 drill gap collars.
To view an enhanced model of this graphic, please go to:
https://photos.newsfilecorp.com/information/9779/271399_4b565218c41e88bf_002full.jpg
Advertising and marketing Replace
CEO & Director, Zayn Kalyan will probably be presenting in as we speak’s Kinvestor Day Digital Investor Convention 2025 at 11:40am PT to offer a company replace concerning the Part 1 drill program of the Manhattan District and the just lately introduced Maiden Useful resource Estimate. Buyers are inspired to assessment the up to date company presentation, right here.
On November 2-5, 2025, VP Exploration, Harrison Pokrandt and CEO, Zayn Kalyan will probably be taking part within the New Orleans Funding Convention and will probably be accessible for conferences at Sales space #126. Zayn will probably be presenting at 9:50am CDT on November 3rd in Presentation Space 1 of the Exhibit Corridor.
Following New Orleans, Scorpio Gold will probably be internet hosting a few investor street reveals beginning in Atlanta on November 6th with Amvest Capital, and on November 18th in London with Atlantic One Monetary.
We stay up for updating shareholders and assembly new traders at these occasions. Take a look at our upcoming advertising and marketing actions by visiting our web site, right here.
The Firm additionally declares that, efficient October 21, 2025, it has retained Sideways Frequency LLC (“SFLLC“) to offer sure advertising and marketing and investor consciousness providers to the Firm in accordance with the insurance policies of the TSX Enterprise Change. The advertising and marketing providers will embrace, however should not restricted to, e-mail campaigns, native promoting, show advertisements, lead era, creation of content material, strategic planning, digital commercial placement, and overseeing progress and outcomes of digital campaigns. Below the settlement, the Firm pays SFLLC US$150,000 for an preliminary three-month time period and grant to SFLLC 400,000 inventory choices exercisable at a value of $0.35 per share for a interval of three years. The choices vest quarterly over a interval of 1 12 months. Apart from this engagement, the Firm doesn’t have any relationship with SFLLC or Mr. Wesley De Souza, CEO of SFLLC.
Concerning the Manhattan District
Manhattan, positioned within the Walker Lane Pattern of Nevada, USA, is street accessible and lies roughly 20 kilometers south of the working Spherical Mountain Gold Mine, which has produced greater than 15 million ounces of gold. For the primary time, the Firm has consolidated the district’s past-producing mines below a single entity that holds priceless allowing and water rights. Traditionally, Manhattan has produced roughly 700,000 ounces of gold from high-grade placer and lode operations relationship from the late Eighteen Nineties via to the mid-2000s (Goldwedge Mission Technical Report, 2005). The June 4, 2025, Maiden MRE for the Goldwedge & Manhattan Pit areas of the Mission is comprised of 18,343,000 tonnes grading 1.26 g/t gold for a complete of 740,000 oz contained gold within the inferred class. Concurrently, a historic mineral useful resource estimate (the “Historic Estimate“) covers the Black Mammoth, April Idiot, Hooligan, Keystone, and Jumbo areas of the Mission and includes 1,652,325 tonnes grading 5.89 g/t gold for a complete of 303,949 oz contained gold (see information launch dated September 11, 2025). The deposit is interpreted as a low-sulfidation, epithermal, gold-rich system located adjoining to the Tertiary-aged Manhattan caldera within the Southern Toquima Vary of Nevada.
The Historic Estimate is just not thought-about present below NI 43-101, the Firm is just not treating the Historic Estimate as present mineral sources, and a Certified Particular person has not performed adequate work to categorise the estimate as present. The Historic Estimate shouldn’t be relied upon.
Certified Particular person
The scientific and technical info on this information launch has been reviewed and accepted by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold and a “Certified Particular person”, as outlined below Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks.
About Scorpio Gold Corp.
Scorpio Gold holds a 100% curiosity within the Manhattan District positioned within the Walker Lane Pattern of Nevada, USA. Scorpio Gold’s Manhattan District is ~4,780-hectares and includes the superior exploration-stage Goldwedge Mine, with a 400 ton per day most capability gravity mill, and 4 past-producing pits that have been acquired from Kinross in 2021 (see March 25, 2021 information launch). The consolidated Manhattan District presents an thrilling late-stage exploration alternative, with over 140,000 metres of historic drilling, vital useful resource potential, and priceless allowing and water rights.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the Change) accepts duty for the adequacy or accuracy of this launch.
ON BEHALF OF THE BOARD OF Scorpio Gold Company
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(TSXV: SGN,OTC:SRCRF) (OTCQB: SRCRF) (FSE: RY9)
Ahead-Wanting Statements
Sure statements contained on this information launch represent “forward-looking statements” throughout the which means of relevant Canadian securities laws. These statements relate to future occasions or the Firm’s future efficiency, enterprise prospects, plans and targets, and are based mostly on present expectations, assumptions and estimates of administration. Any statements that specific or contain discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions or future occasions or efficiency (usually, however not at all times, utilizing phrases or phrases reminiscent of “anticipates”, “plans”, “expects”, “is predicted”, “finances”, “scheduled”, “estimates”, “forecasts”, “intends”, “believes”, “initiatives”, “potential”, “targets”, “goals” or variations thereof, or stating that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will” be taken, happen or be achieved) should not statements of historic truth and could also be forward-looking statements.
Ahead-looking statements on this launch embrace, however should not restricted to: the deliberate Part 2 drilling program and the outcomes thereof; the anticipated timing of the Part 2 drill program; the Firm’s plans to finish an all-encompassing compliant NI 43-101 MRE for the Manhattan District; the potential significance of drill outcomes from the Manhattan District; the Firm’s capacity to outline, develop or improve mineral sources on the Property; the timing, scope and success of future exploration applications; plans to guage and advance a mineral useful resource estimate; expectations concerning allowing, environmental and group issues; and the potential for the Manhattan District to host multi-million-ounce gold sources.
These forward-looking statements are based mostly on quite a lot of assumptions believed by administration to be affordable on the time they have been made, together with assumptions concerning: future gold and silver costs; the accuracy of exploration outcomes; the supply of financing; the flexibility to acquire obligatory permits and approvals; labour, supplies and gear availability and prices; the efficiency of contractors and suppliers; and common enterprise and financial situations.
Ahead-looking statements are topic to identified and unknown dangers, uncertainties and different components that will trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such forward-looking statements. Such components embrace, however should not restricted to: dangers inherent in mineral exploration and growth; uncertainty within the interpretation of drill outcomes, geology, grade and continuity of mineral deposits; variations in mineral content material, grade or restoration charges; delays or failures in acquiring permits, approvals or financing; modifications in venture parameters as plans proceed to be refined; fluctuations in commodity costs, alternate charges and prices of inputs; labour disputes or shortages; political, social or regulatory developments within the jurisdictions the place the Firm operates; unanticipated environmental impacts or liabilities; and common market and financial situations. Extra threat components are described within the Firm’s most up-to-date Administration’s Dialogue and Evaluation, every of which is out there below the Firm’s profile on SEDAR+ at www.sedarplus.ca.
Though the Firm has tried to establish necessary components that might trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. Readers are cautioned to not place undue reliance on forward-looking statements. The Firm doesn’t undertake to replace any forward-looking assertion, besides in accordance with relevant securities legal guidelines.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/271399
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