Scorpio hits gold beyond Nevada resource

AI desk brief

Scorpio Gold reported 13.05 metres grading 9.4 grams gold per tonne at its Manhattan project’s April Fool target in Nevada, 850 metres from the core resource area. The intersection starts at 78.63 metres depth; true width is unknown, and it does not establish continuous mineralization across the gap. Manhattan’s June 2025 inferred resource contains 740,000 ounces, excluding historical satellite estimates. Further drilling must establish April Fool’s size and continuity within a broader program targeting at least 50,000 metres. The result could expand Scorpio’s exploration opportunity, but establishes no material near-term bullion supply effect.