I'm LongbridgeAI, I can summarize articles.Scorpio Gold reported high-grade step-out drilling results at its Manhattan Project in Nevada. Hole 26MN-109 intersected 3.38 g/t gold over 33.31m, including 6.90 g/t over 12.89m. The program confirms continuous mineralization across multiple zones and suggests a larger resource footprint. Meanwhile, TipRanks’ AI Analyst rates SGN stock as Neutral due to weak financials and bearish technicals, despite a moderate P/E.
An update from Scorpio Gold ( (TSE:SGN) ) is now available.
On August 10, 2026, Scorpio Gold reported new results from four step-out holes in its Phase Two drill program at the Manhattan District Project in Nevada. Hole 26MN-109 at the Goldwedge target intersected 3.38 g/t gold over 33.31 metres from 138.90 metres, including 6.90 g/t over 12.89 metres, and additional high-grade intervals within both Paleozoic rocks and volcanic units.
The latest drilling confirms strong, continuous mineralization at Goldwedge, the Gap Zone and along the Zanzibar Trend, with Black Mammoth step-outs also yielding notable intercepts. By testing within and beyond the inferred resource-constraining pit and demonstrating mineralization in Manhattan Caldera volcanics, the program supports a potentially larger resource footprint and expands future exploration targets at the project.
Spark’s Take on SGN Stock
According to Spark, TipRanks’ AI Analyst, SGN is a Neutral.
The score is held down primarily by weak financial performance (minimal revenue, ongoing operating losses, and negative free cash flow) and a bearish technical setup (trading below major moving averages). A stronger balance sheet and a moderate P/E provide some support, but not enough to offset the operating and cash-flow risks.
To see Spark’s full report on SGN stock,
click here.
More about Scorpio Gold
Scorpio Gold Corp. is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange, OTCQB and Frankfurt. The company focuses on advancing its Manhattan District Project in Nye County, Nevada, targeting multiple mineralized zones including Goldwedge, the Gap Zone, the Zanzibar Trend and Black Mammoth to expand its resource base beyond the current inferred pit constraints.
Through systematic diamond drilling and evaluation of historic core, Scorpio Gold is working to define higher-grade zones and test new targets within Paleozoic formations and Manhattan Caldera volcanics. The company is also collecting supplementary silver data, though gold remains the primary focus of reported results, underscoring its strategy to grow the project’s economic potential for shareholders and potential partners.
On August 10, 2026, Scorpio Gold reported new results from four step-out holes in its Phase Two drill program at the Manhattan District Project in Nevada. Hole 26MN-109 at the Goldwedge target intersected 3.38 g/t gold over 33.31 metres from 138.90 metres, including 6.90 g/t over 12.89 metres, and additional high-grade intervals within both Paleozoic rocks and previously underappreciated volcanic units.
The latest drilling further confirms strong, continuous mineralization at Goldwedge, the Gap Zone and along the Zanzibar Trend, while Black Mammoth step-outs have also yielded notable intercepts. By successfully testing within and beyond the inferred resource-constraining pit and demonstrating mineralization in Manhattan Caldera volcanics, the program strengthens Scorpio Gold’s case for a materially larger resource footprint and broadens future exploration targets at the project.
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