Scorpio Gold Announces Sonic Drilling and Metallurgical Program to Evaluate Reprocessing Opportunity at Manhattan
Original announcement by newsfile on
- Company
- Scorpio Gold Corporation
- Ticker
- SGLD
- Exchange
- Unavailable
- Region
- Nevada, USA
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Resource update, Metallurgy, Drill results
- Extracted
- 2026-09-17 09:47:30 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Scorpio Gold has engaged SLR International to conduct a sonic drilling and metallurgical program at its Manhattan District in Nevada. The program aims to evaluate the reprocessing potential of historic tailings, waste dumps, heap leach pads, and low-grade stockpiles for potential toll milling opportunities.
Reasoning: The company is initiating a two-phase program to quantify and characterize historic waste material for potential toll milling, representing a low-capex growth opportunity.
Positive factors
- Near-term organic growth potential via reprocessing
- Use of industry-standard sonic drilling for unconsolidated material
- Strategic proximity to operating mills
Negative factors
- Surface material not yet categorized as a mineral resource
- Uncertainty regarding economic viability of reprocessing
Facts used in scoring: 3
Classification and evidence
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project is located 15km south of the operating Round Mountain Gold Mine.
Evidence · text
“lies approximately 15 kilometers south of the operating Round Mountain Gold Mine”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Maiden MRE for the Goldwedge and Manhattan Pit areas is entirely in the inferred category.
Evidence · text
“comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: The release mentions a Historical MRE that is not being treated as current due to lack of modern QA/QC.
Evidence · text
“The Company is not treating the Historical MRE as current.”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
inferredManhattan · goldTonnes: 18343000Grade: 1.26Grade Unit: g/tContained Metal: 740000Contained Unit: ozView all detailsHide details
Identity
- Project
- Manhattan
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- SGLD
Resource scope
- Estimate type
- resource
- Effective date
- 2025-06-04T00:00:00.000Z
- Reporting standards
- ni_43_101
- Resource group id
- resource:121a0981e254b7d5f762
- Deposit or zone
- Goldwedge and Manhattan Pit areas
- Mining method
- open_pit
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 18343000
- Grade
- 1.26
- Grade Unit
- g/t
- Contained Metal
- 740000
- Contained Unit
- oz
Prior Estimate
- Resource Date
- 2025-06-04
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Maiden MRE for Goldwedge and Manhattan Pit areas.
Positive factors
- Large tonnage reported
Negative factors
- 100% Inferred category
Evidence · text
“comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
inferredManhattan · goldTonnes: 1652325Grade: 5.89Grade Unit: g/tContained Metal: 312900Contained Unit: ozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Manhattan
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- SGLD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:9d8f315f6e98db5d1194
- Deposit or zone
- Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas
Resource Data
- Category
- inferred
- Tonnes
- 1652325
- Grade
- 5.89
- Grade Unit
- g/t
- Contained Metal
- 312900
- Contained Unit
- oz
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 1997-01-01T00:00:00.000Z
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Historical MRE covering multiple areas.
Negative factors
- Not treated as current
- Prepared prior to current CIM standards
Evidence · text
“comprises 1,652,325 tonnes grading 5.89 g/t gold for a total of 312,900 oz contained gold”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 29.7 years before this release
Metallurgical Results (1)
cyanide shake testingManhattan · goldView all detailsHide details
Identity
- Project
- Manhattan
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada, USA
- Ticker
- SGLD
Test Work
- Program Status
- scoping
- Test Type
- cyanide shake testing
- Sample
- Surface material from heap leach pad, tailings, waste dump, and low-grade stockpile
Lab
- Laboratory
- SLR International Corporation
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-17T00:00:00.000Z
Reasoning: Planned head characterization to determine suitability for toll milling.
Positive factors
- Comprehensive testing suite planned (Au, Ag, S, cyanide amenability)
Negative factors
- Testwork is in early characterization stage
Evidence · text
“Head characterization test work consisting of total gold and silver assays, LECO sulfur analysis, and cyanide shake testing”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.