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Manhattan Highlights

2025 MAIDEN MINERAL RESOURCE (September 2025)
Estimating 740,000 ounces at 1.26 g/t gold 1 with immediate follow-up in the coming 12 months with drilling of an additional 50,000 meters.


GRADE & RECOVERY
Historic open-pit production returned ~70% gold. Additional historical testing suggests 90+% gold is possible. Our above 1 g/t gold resource in Nevada leads the State’s average grade of 0.60 g/t within the state of the Maiden Resource.


EXPANSION POTENTIAL
Targeting 50,000 meters to achieve a resource of over 2 million ounces 2 in 12 months. The district is comprised of multiple past producing assets that we intent to connect through drilling.

GEOLOGY
Low sulphidation epithermal system adjacent to the collapsed Manhattan Caldera with the same complex and geological formations as Round Mountain.

Structural intersections appear to be a key gold mineralization control.

1: All 740,000 oz are in the inferred category with a 0.3 g/t gold cut-off grade (source: 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)

2: The 2-million-ounce target is conceptual in nature and refers to an exploration target only. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. This statement is based on geological interpretation and does not imply a mineral resource beyond the areas currently classified as inferred.

Manhattan Wedge

Manhattan District
Maiden Resource Estimate Technical Information

Goals & Milestones

Drilling Highlights

  • Scorpio Gold's Recent drilling highlighting consistently adding grade, targeting open-pit, near surface intervals.
Drill Hole ID
Gold (g/t)
Intercept (m)
From (m)
Gold (g-m)
MWRC22-003
27.16 g/t
over 16.8 m
from 59.5 m
456
25MN-042
5.22 g/t
over 36.82 m
from 127.01 m
192
MWRC22-010
11.98 g/t
over 13.7 m
from 134.2 m
164
MWRC22-021
3.98 g/t
over 41.2 m
from 24.4 m
164
25MN-044
3.14 g/t
over 49.62 m
from 59.95 m
156
25MN-011
1.24 g/t
over 92.81 m
from 59.13 m
115
GWUG20-001
12.47 g/t
over 7.6 m
from 25.3 m
95
24MN-009
1.69 g/t
over 55.7 m
from 118.95 m
94
24MN-007
63.70 g/t
over 1.0 m
from 221.3 m
64
25MN-043
9.03 g/t
over 7.01 m
from 268.53 m
63
24MN-007
6.08 g/t
over 9.4 m
from 167.9 m
57
MWRC22-018
5.19 g/t
over 9.2 m
from 112.9 m
48
26MN-063
2.09 g/t
over 22.25 m
from 34.14 m
47
25MN-026
1.85 g/t
over 24.67 m
from 98.76 m
46
26MN-057
1.02 g/t
over 40.23 m
from 195.68 m
41
25MN-015
5.49 g/t
over 7.32 m
from 124.36 m
40
25MN-011
1.5 g/t
over 25.15 m
from 303.73 m
38
25MN-045
0.65 g/t
over 57.64 m
from 29.59 m
37
MWRC22-018
1.22 g/t
over 30.5 m
from 212 m
37

2025 Drill Plan

Insert Harrison Pokrandt video sumary here

District Drill Targets

Multiple past producing assets looking to be connected through drilling.

  • As Scorpio Gold prepares data from historic resources, each target will continue to upgrade towards an advanced target.

Manhattan - Mineral Resource Next Steps

  • Advance drilling at Goldwedge and Manhattan open pit areas to define additional inferred resources.
  • Advance exploration to test historical estimates at Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo.
  • Continuously drill targets near Goldwedge and the Manhattan open pits to get to an inferred resource of 2M oz Au @ +1 g/t@ +1 g/t1.

1: The 2-million-ounce target is conceptual in nature and refers to an exploration target only. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. This statement is based on geological interpretation and does not imply a mineral resource beyond the areas currently as inferred.

NOTE ON HISTORICAL ESTIMATES: A Qualified Person has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current.  The Company considers the Historical MRE relevant as it demonstrates the presence of significant gold mineralization across multiple zones within Manhattan; however, its reliability is uncertain because it was prepared prior to the adoption of the current CIM Definition Standards and current QA/QC practices. The Historical MRE provides limited disclosure of assumptions, parameters, estimation methods, cutoff grades, and QA/QC protocols, and therefore these cannot be fully verified by the Company. The categories used in the historical estimate predate, and are not directly comparable to, current CIM Definition Standards, and the Company is not treating the Historical MRE as a current Mineral Resource Estimate. To upgrade and verify the Historical MRE in order to make it a current Mineral Resource Estimate, the Company would be required to undertake confirmatory drilling, modern QA/QC sampling, validation and digitization of historical datasets and updated geological modeling followed by the preparation of a new Mineral Resource Estimate in accordance with CIM Definition Standards and NI 43-101. The Company encourages readers to exercise appropriate caution when evaluating the Historical MRE. All scientific and technical information relating to Manhattan pertaining to the Historical MRE contained in this news release is derived from the Technical Report dated May 1997 titled “Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County” (the “Historical Technical Report”) prepared by New Concept Mining, Inc. The information contained herein in respect of the Historical MRE is subject to all the assumptions, qualifications and procedures set out in the Historical Technical Report and reference should be made to the full text of the Historical Technical Report.

Technical Gallery

Manhattan Maiden Mineral Resource Estimate
Manhattan District Geology
Past Producing Drill Targets
Targets and MRE Mineralization
Manhattan Metallurgy Showing Non-Refractory, Free Gold
Manhattan Mineral Resource Estimate Cross Sections
AA to AA Mustang Hill Target Previous Results
BB to BB Manhattan Project
BB to BB Mustang Hill Target Cross Section Looking to the NW
CC to CC Manhattan Project
DD to DD Manhattan Project

Technical Reports

Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada
Corporate Safety Statement
Quality Assurance and Quality Control – QA/QC

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