Scorpio Gold Corporation announces the Maiden mineral resource estimate (Maiden MRE) at the 100%-owned Manhattan District located in Nevada, USA, as well as a historical mineral estimate for certain satellite deposits at Manhattan. The QP has not done sufficient work to make the Historical MRE current and the Company is not treating the estimate as current.
The Maiden MRE covers the Goldwedge & Manhattan Pit areas of the Project and comprises 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category. The effective date of the Maiden MRE is June 4, 2025. The Historical MRE covers the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas of the Project and comprises 1,652,325 tonnes grading 5.89 g/t gold for a total of 303,949 oz contained gold.
“The Maiden MRE represents the starting point for the newly consolidated 100%-owned Manhattan District, and does not yet incorporate any 2025 drilling by the Company. The Historical MRE underscores the potential within the district, which benefits from a rich record of data extending back more than a century.
The estimates also highlight the high-grade nature of the gold mineralization, with grade being the key factor that distinguishes Manhattan from other open-pit assets in Nevada. Scorpio Gold’s objective is to build a multi-million-ounce resource at a grade that sets it apart from peers – an objective we are well positioned to pursue with the team and capital in place”, commented Zayn Kalyan, CEO and Director of Scorpio Gold.
“The Maiden MRE is a rewarding and necessary step towards unlocking the Manhattan District’s true potential. Taking the time to review, compile, and validate the historic data included in the resource quantifies the history of the area and has proved to be the most cost-effective measure to this interim resource.
One of many examples from this process is uncovering the very high-grade interval in drill hole MH83-016, of 12.22 g/t over 70.1 metres, which sits in the gold wedge target of the resource. Pairing converted historic resources with the Phase 1 2025 and upcoming Phase 2 drilling positions the Maiden MRE as a starting point for Manhattan’s unrealized potential,” commented Harrison Pokrandt, VP Exploration of Scorpio Gold.
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