Scorpio Gold Corp has announced promising results from its Phase Two drill program at the Manhattan District Project in Nevada. The company reported that drill hole 26MN-133 returned an impressive 9.4 grams of gold per tonne over 13.05 meters, marking a significant step in their exploration efforts. This discovery not only showcases the potential of the April Fool target but also highlights the company's ongoing commitment to expanding its resource base.

Founded in Vancouver, British Columbia, Scorpio Gold Corp operates in the gold and silver ores sector, as indicated by its Standard Industrial Classification (SIC) code 1040. The company trades on the Nasdaq under the ticker SGLD and is also listed on the OTC under SRCRF. Scorpio Gold has been actively involved in various filings, including recent reports on November 12 and October 19, 2026, demonstrating its ongoing engagement with investors and regulatory bodies.

The latest filing, dated November 10, 2026, reveals that the drill hole results are part of a larger Phase Two program that has seen a total of 125 drill holes completed to date. The company has reported assays on 116 of these holes, with assays pending for nine additional holes. The results from drill hole 26MN-133 are particularly noteworthy as they confirm the mineralized feeder structure at the April Fool target, which is located approximately 850 meters from the main resource corridor.

According to Zayn Kalyan, CEO and Director of Scorpio Gold, the results from the April Fool target are a significant milestone. He stated, "April Fool is the first step-out of magnitude from the Manhattan resource. It sits approximately 850 metres from the core corridor that has carried our drilling to date, and the first modern hole has returned 9.4 g/t gold over 13.05 metres." This finding opens up the potential for further exploration and could extend the mineralized system beyond the current resource footprint.

Leo Hathaway, Executive Technical Director, echoed this sentiment, emphasizing the geological team's understanding of mineralization controls across the property. He noted that this is just one of several target areas that have not seen modern drilling, and the company plans to systematically test these areas to unlock their potential.

The implications of these results could be significant for Scorpio Gold and the broader gold and silver ores industry. As competitors assess their strategies, Scorpio Gold's findings may encourage increased exploration efforts in similar geological settings. The company's focus on systematic drilling in historically significant resource areas positions it to capitalize on potential discoveries.

Looking ahead, Scorpio Gold is expected to continue its exploration efforts, with further drill results anticipated from the pending assays. The company has expressed confidence in its pipeline of targets, which includes the Keystone Jumbo target, slated for modern drill testing next. The filing does not specify the timeline for these upcoming activities, but the anticipation surrounding Scorpio Gold's exploration initiatives remains high.