Mining Stock Daily Scorpio Gold: Leveraging High-Grade Manhattan MRE to Target 2 Million Ounces
Oct 9, 2025
Zayn Kalyan, Executive of Scorpio Gold, shares exciting updates on the Manhattan Project in Nevada. He reveals a recently released mineral resource estimate of 740,000 ounces at a impressive grade of 1.26 grams per ton. The company aims for a bold target of 2 million ounces by next August through a 50,000-meter drilling program. With financing from notable investors like Eric Sprott, Kalyan discusses district-scale exploration potential and the advantages of an ambitious drilling plan that includes high-grade historic targets.
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Company Focus And Ambitious Growth Target
- Scorpio Gold has pivoted to focus solely on the Manhattan Project after selling Mineral Ridge and securing strategic financing.
- The company aims to drill 50,000 meters and reach 2 million ounces by next August, capitalizing on recent catalysts and a strong gold market.
High-Grade Resource And Upgrade Opportunity
- The MRE reports 740,000 ounces at 1.26 g/t using 90,000 m of validated historic drilling data.
- Scorpio argues this grade is very high for Nevada (avg ~0.6 g/t) and believes upgrading 400,000 uncategorized ounces could push them over one million ounces.
District-Scale Potential Across 8.5 km
- The Manhattan Project sits on an 8.5 km continuously mineralized structure with a two-kilometer core where a million ounces are already defined.
- Historical pockets at Hooligan and Keystone Jumbo show >5 g/t and >100,000 oz each, implying large district-scale upside including depth potential below 200 m.