Mining Stock Daily Scorpio Gold on the Phase 2 - 50,000m - Drill Program at Manhattan
Oct 23, 2025
Zayn Kalyan, CEO of Scorpio Gold, shares insights into their ambitious exploration of the Manhattan Gold District in Nevada. He details the exciting phase two drilling program aiming for 50,000 meters and the goal of reaching 2 million ounces of high-grade resources. Kalyan also emphasizes the importance of upgrading historic resources and discusses the strategic consolidation of their land package. With a strong financial position, he highlights the company's potential and plans to further de-risk their projects, making it a noteworthy investment opportunity.
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50,000m Drill Campaign Targets Big Growth
- Scorpio Gold plans a 50,000m phase two drill program to grow resources toward 2 million ounces by Aug 2026.
- Zayn Kalyan emphasizes three drills (RC + 2 diamond) will enable steady news flow and rapid resource expansion.
Transformational Months Laid The Foundation
- Recent months were transformational: maiden resource, initial drill results, Middle Ridge sale, and strategic placements closed.
- Those events collectively provided the foundation and capital to aggressively advance Manhattan.
High Grade Separates The Project
- The maiden resource is 740,000 oz at 1.26 g/t, roughly double Nevada's average grade of 0.6 g/t.
- Management believes pushing average grade north of 1 g/t with expanded ounces will make the project standout in Nevada.