High-Grade Hits Extend Scorpio Gold's Zanzibar Growth Story

Scorpio Gold says new drill results from the Zanzibar trend at its Manhattan District project in Nevada extend the growth story, with intercepts including more than 22 meters grading 2 g/t gold. CEO Zayn Kalyan said the company is fully funded for a 50,000-meter drill program, with the stated goal of expanding the current resource base from 740,000 ounces toward a potential 2 million ounces. The update is essentially a resource-growth pitch: higher-grade continuity at Zanzibar is being used to support a larger exploration target and a more aggressive drill campaign. For gold traders, the direct market relevance is limited, but the news does point to continued project-level optimism in North American juniors and incremental supply optionality if the resource expansion is validated. Near term, the key catalyst will be follow-up assays and whether the drill program can demonstrate enough scale and grade consistency to justify the 2 Moz ambition. Until then, this remains company-specific exploration news rather than a broader precious-metals market driver.