Scorpio GOLD Drills 24.69 Metres Grading 0.75 G/T GOLD, from 230.12 Metres at Black Mammoth, a 250 Metre Step-Out from Goldwedge, at the Manhattan District, Nevada
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SCORPIO GOLD DRILLS 24.69 METRES GRADING 0.75 G/T GOLD, FROM 230.12
METRES AT BLACK MAMMOTH, A 250 METRE STEP-OUT FROM GOLDWEDGE,
AT THE MANHATTAN DISTRICT, NEVADA
Highlights
• Hole 25MN-049 returned 1.25 g/t gold over 14.95 metres (“m”) from 202.95 m.
• Hole 25MN-052 returned 1.05 g/t gold over 19.96 m from 141.43 m.
• Hole 25MN-053 returned 0.75 g/t gold over 24.69 m from 230.12 m.
March 19, 2026 - Vancouver, British Columbia – Scorpio Gold Corp. (TSX-V: SGN, OTCQB: SRCRF, FSE:
RY9) (“Scorpio Gold”, or the “ Company”) is pleased to announce results from five step-out holes and one
exploration hole of the Phase Two drill program at the Manhattan District Project (“Manhattan”), Nevada, USA:
26MN-049 through 26MN-054, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio
Gold has drilled 56 drill holes to date from its Phase Two diamond drilling program , 25MN-011 through 25MN-
045, 26MN-046 through 26MN -066, for a grand total of 1 8,228 m. With the results herein, Scorpio Gold has
reported assays on 42 of these (25MN-011 through 25MN-054), totalling 14,334 m, and assays are pending from
14 holes (26MN-055 through 26MN-066), totalling 3,894 m. The pending results will be reported as they become
available.
“Results from hole 26MN-053 at Black Mammoth reinforces our belief that strong gold mineralization continues
along the caldera margin to the northwest of Goldwedge, outside the current Inferred Resource Constraining Pit.
With mineralization hosted primarily within brecciated volcanic units, the 24.69 metre interval grading 0.75 g/t
gold from 230.12 metres signifies the potential for blue-sky opportunities along this margin through the
district. With results pending from hole 26MN-057, our second hole at Black Mammoth, we are already planning
follow-up holes,” stated Harrison Pokrandt, VP Exploration of Scorpio Gold.
“We are very pleased to have confirmed the presence of gold mineralization in this zone, which supports our
broader thesis of district -scale potential along the caldera margin. Importantly, Black Mammoth holds
significant development potential given its proximity to the permitted Goldwedge underground, creating a
unique opportunity to potentially access and develop mineralization from underground ahead of any larger-
scale open pit development . This positioning may also allow us to efficiently advance exploration by drilling
from underground workings into the target area. Combined with continued strong results along the Reliance
Trend and the newly defined Zanzibar Trend, we remain focused on systematically expanding mineralization
outside the current resource footprint and advancing multiple growth fronts across Manhattan,” commented Zayn
Kalyan, CEO and Director of Scorpio Gold.
Figure 1. Surface Plan Map of drill results, with highlights noted.
Drill hole 26MN-053 was drilled at Black Mammoth as a 250 m exploratory step-out from Goldwedge. This drill
hole tested the faulted contact zone between caldera volcanics and Zanzibar Formation meta-sedimentary units,
see Figure 2. Two drill holes stepped out on drill hole 25MN -042 along the Reliance Trend, see news release
dated February 11, 2026. Drill hole 26MN-049, a 50 m step-out to the southwest of 25MN-042, and 26MN-052,
a 50 m step-out to the southwest of 26MN-049, followed up on 25MN-042. Drill holes 26MN-051 and 26MN-054
were drilled to the north of the historic East Pit, both as 50 m step-out s from drill hole 25MN-043 (see news
release dated February 11, 2026) to test a northerly extension of a mineralized fault splay. Drill hole 26MN-050
was an exploration hole to the northeast of Mustang Hill to test magnetic and soil anomal ies. All the drill holes
tested beyond the Inferred Resource Constraining Pit (“IRCP” ), see Figure 5. Step-out drill holes targeted
non-pit constrained inferred category mineralization and uncategorized mineralization. For further details see
“Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada” with
an effective date of June 4, 2025, on Scorpio Gold’s website at https://wp-scorpiogold-2025.s3.ca-central-
1.amazonaws.com/media/2025/10/Scorpio-Gold-Manhattan-Mineral-Resource-Estimate-43-101-FINAL-2025-
10-23.pdf.
Drill Hole ID Target
Azimuth / Dip From (m) To (m) Intercept¹ (m) Gold (g/t)
26MN-049 Reliance Trend 9.20 16.61 7.41 0.88 309 m 060° / -60°
including 12.59 16.61 4.02 1.57
47.25 52.58 5.33 0.64
including 47.25 50.05 2.80 1.09
202.95 217.90 14.95 1.25
including 208.94 211.47 2.53 5.43
26MN-050 Sloppy Gulch No significant intercepts.
520 m 070° / -45°
26MN-051 East Pit 118.29 125.27 6.98 0.23
401 m 080° / -45° 159.72 166.27 6.55 0.25
26MN-052 Reliance Trend 17.71 45.11 27.40 0.30
352 m 060° / -60° 64.71 79.07 14.36 0.24
141.43 161.39 19.96 1.05
190.74 195.01 4.27 0.80
208.85 219.67 10.82 0.24
223.78 242.83 19.05 0.28
247.59 249.63 2.04 3.49
312.58 320.44 7.86 1.35
26MN-053 Black Mammoth 230.12 254.81 24.69 0.75
510 m 206° / -45° 364.54 376.18 11.64 0.24
401.73 407.43 5.70 0.35
26MN-054 East Pit 257.89 266.65 8.76 0.40 335 m 040° / -45°
¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold.
Table 1. Results from the current batch of drill holes. Note: There is insufficient geological information to
estimate a true width for the drill intercepts reported.
Black Mammoth Results:
26MN-053: This drill hole tested the Black Mammoth Fault and associated mineralization, as it trends to the NW
from Goldwedge. The drill hole contains one interval hosted in Oligocene Round Rock Formation volcanic tuffs,
see Figure 3, directly above the faulted Ordovician Zanzibar Formation contact (“Caldera Margin”), see Figure
4, section A to A’. The interval contains 0.75 g/t gold over 24.69 m from 230.12 m . Two deeper intervals exist
within Cambrian Gold Hill Formation fine-grained meta-mudstones and siltstones. Intervals include 0.24 g/t gold
over 11.64 m from 364.54 m and 0.35 g/t gold over 5.7 m from 401.73 m. All intervals represent new
mineralization, and the upper interval is approximately 250 m to the NW of the edge of the IRCP, see Figure 5,
section B to B’.
Figure 2. Annotated photo of Black Mammoth. Photo is taken from Point A, noted on Figure 1, looking
to the northwest. Note the drill holes indicated are located behind the hill in the background.
Figure 3. Drill hole 26MN-053, interval 243.49 to 248.99 m, displaying Oligocene Round Rock Formation
volcanic tuffs with fine grained quartz-calcite epithermal breccia matrix.
Figure 4. Cross-section A-A’, showing gold grades with reported intervals highlighted.
Figure 5. Long-section B-B’, showing gold grades with reported intervals highlighted.
Reliance Trend Results:
26MN-049: contains three intervals hosted in the Cambrian Gold Hill Formation along the Reliance Trend to the
north of the West Pit. These intervals are hosted in fine grained meta-sedimentary clastic and carbonate units,
including 0.88 g/t gold over 7.41 m from 9.2 m, including 1.57 g/t gold over 4.02 m from 12.59 m ; 0.64 g/t gold
over 5.33 m from 47.25 m, including 1.09 g/t gold over 2.8 m from 47.25 m; and 1.25 g/t gold over 14.95 m from
202.95 m, including 5.43 g/t gold over 2.53 m from 208.94 m (see Figure 6). See Figure 7, section C to C’.
Figure 6. Drill hole 26MN-049, interval 208.94 to 211.47 m, displaying Cambrian Gold Hill Formation fine
grained meta-sediments with quartz-calcite-adularia-fluorite epithermal veins.
Figure 7. Cross-section C-C’, showing gold grades with reported intervals highlighted.
26MN-052: contains eight intervals hosted in the Cambrian Gold Hill Formation along the Reliance Trend to the
north of the West Pit. These intervals are hosted in fine grained meta-sedimentary clastic and carbonate units,
including 0.3 g/t gold over 27.4 m from 17.71 m; 0.24 g/t gold over 14.36 m from 64.71 m; 1.05 g/t gold over
19.96 m from 141.43 m (see Figure 8); 0.8 g/t gold over 4.27 m from 190.74 m; 0.24 g/t gold over 10.82 m from
208.85 m; 0.28 g/t gold over 19.05 m from 223.78 m; 3.49 g/t gold over 2.04 m from 247.59 m; 1.35 g/t gold over
7.86 m from 312.58 m. See Figure 7, section C to C’.