# Scorpio Gold Announces Sonic Drilling and Metallurgical Program to Evaluate Reprocessing Opportunity at Manhattan Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/scorpio-gold-announces-sonic-drilling-and-metallurgical-program-to-evaluate-repr--4c92093d-1037-4f1c-850f-ef0dc6e5e5f0 Original source: https://www.newsfilecorp.com/release/314738/Scorpio-Gold-Announces-Sonic-Drilling-and-Metallurgical-Program-to-Evaluate-Reprocessing-Opportunity-at-Manhattan Publisher: newsfile Original announcement: 2026-09-17T09:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas 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 factor: Near-term organic growth potential via reprocessing - Positive factor: Use of industry-standard sonic drilling for unconsolidated material - Positive factor: Strategic proximity to operating mills - Negative factor: Surface material not yet categorized as a mineral resource - Negative factor: Uncertainty regarding economic viability of reprocessing Facts used in scoring: 3 ## Classification and evidence **Nearology Play** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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 Only** Polarity: negative Definition: 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 Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: the document describes a heap\_leach route \("heap leach"\) **Mill Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a flotation route \("flotation"\) **Gravity Route** Polarity: neutral Definition: Gravity separation forms a material part of the flowsheet. Why it applies: the document describes a gravity route \("gravity"\) **Single Domain Only** Polarity: negative Definition: 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) ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/scorpio-gold-announces-sonic-drilling-and-metallurgical-program-to-evaluate-repr--4c92093d-1037-4f1c-850f-ef0dc6e5e5f0#fact-resource-facts-1) Manhattan · gold #### 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 factor: Large tonnage reported - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/scorpio-gold-announces-sonic-drilling-and-metallurgical-program-to-evaluate-repr--4c92093d-1037-4f1c-850f-ef0dc6e5e5f0#fact-resource-facts-2) Manhattan · gold Historical result Needs review: historical\_restatement #### 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 factor: Not treated as current - Negative factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Stale Estimate** Polarity: negative Definition: 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 testing [Link to this fact](https://atlas-extractions.minestarters.com/news/scorpio-gold-announces-sonic-drilling-and-metallurgical-program-to-evaluate-repr--4c92093d-1037-4f1c-850f-ef0dc6e5e5f0#fact-metallurgical-facts-0) Manhattan · gold #### 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 factor: Comprehensive testing suite planned \(Au, Ag, S, cyanide amenability\) - Negative factor: 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.