Mining Stock Daily Scorpio Gold: Resource Growth and a New Target Confirmed
Mar 19, 2026
Zane Kalyan, CEO of Scorpio Gold, leads development of the Manhattan Gold District in Nevada. He discusses Phase 2 drill results and the first modern hole at Black Mammoth. Conversations cover use of the permitted Gold Wedge underground decline, prioritizing three drill fronts, and timing toward a planned resource update and growth targets.
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Black Mammoth Confirms Near‑Resource Mineralization
- Black Mammoth is a newly drilled historic jasperoid ridge sitting ~250m outside the current resource shell and adjacent to the Gold Wedge underground high-grade zone.
- Hole 53 returned 0.75 g/t Au over 24.5 m, confirming mineralization in the core area where only historic workings existed before.
Leverage Existing Decline To Accelerate Development
- Use the permitted Gold Wedge underground decline to both drill and potentially fast‑track startup mining at Black Mammoth if resource build supports it.
- Underground drilling can be cheaper and enable early high‑grade production while larger pit permitting proceeds.
Three Pronged Drill Strategy Focuses On Conversion And Expansion
- Scorpio runs a three‑pronged drill strategy: Reliance conversion, Zanzibar expansion, and peripheral targets like Black Mammoth.
- That lets one rig focus on upgrading ~400k uncategorized ounces while others test new additive zones.