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Nevada’s High-Grade Awakening: The Next Monster Discovery? | Top Stock Report
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Nevada’s High-Grade Awakening: The Next Monster Discovery?
Disseminated on behalf of Scorpio Gold Corporation
Backed by Mining Legends, a Newly Consolidated District in Nevada’s Round Mountain Trend and a Maiden Resource on the Horizon, Scorpio Gold Corporation is Positioned to be an Emerging Gold Exploration Story in Nevada.
With gold prices establishing a robust new base above the $4,500 per ounce mark following a historic rally in early 2026, the global focus remains firmly locked on the precious metals sector. 1
Leading Wall Street analysts have issued historic upgrades, with J.P. Morgan and Wells Fargo maintaining price targets as high as $6,100 – $6,300 by year-end, driven by relentless central bank accumulation and a structural shift toward hard assets. 2
Table of Contents Table of Contents
Why Pay Attention Now?
What Makes Scorpio Gold So Compelling?
1. Exceptional Grade vs. Nevada Peers
2. The "Zero-Cost" Data Advantage
3. Permitted Infrastructure & Fast-Track Potential
Mining Legends Are Locked In & The Treasury is Loaded
More Reasons to Have Scorpio Gold on Your Radar
Overview
The Manhattan Project: A Rebirth of a Historic Gold District
High-Grade Legacy and Expansion Potential
Nevada: One of the World’s Most Prolific Gold Jurisdictions
The Road Ahead: 2026 and Beyond
Key Analyst Targets Track Gold Going Higher
Driving Factors for Higher Gold Prices:
Management
The Bottom Line
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Historically, such conditions have been a powerful catalyst for junior exploration companies and Scorpio Gold Corporation (OTCQB: SRCRF | TSXV: SGN) may be one of the most exciting among them.
BREAKING — May 7, 2026: Scorpio just opened a second productive zone at Manhattan.
Step-out holes 26MN-069 and 26MN-072 at Black Mammoth — a target undrilled before this program — returned 0.62 g/t Au over 62.21 m from 230.43 m and 6.04 g/t Au over 4.86 m (incl. 15.99 g/t over 1.78 m), all >250 m beyond the current resource pit.
All four Black Mammoth holes drilled to date have intercepted gold, hosted in the same Manhattan Caldera volcanics that drive Round Mountain.
Read The Full Release
BREAKING — May 5, 2026: Scorpio Gold has just reported its highest-grade result yet at the Manhattan District.
Step-out holes 26MN-067 and 26MN-068 along the Zanzibar Trend returned 10.40 g/t Au over 5.67 m — including a bonanza-grade 455.52 g/t Au over 0.49 m from 36.27 m — plus 1.94 g/t Au over 17.07 m from 55.47 m.
Read The Full News Release
Why Pay Attention Now?
Scorpio Gold is advancing its 100%-owned Manhattan District Project, strategically located in Nevada’s Walker Lane Trend, one of the world’s most productive and mining-friendly regions.
The project sits just 20 kilometers south of Kinross Gold’s (NYSE: KGC – market cap $30B+) 15-million-ounce Round Mountain Mine, sharing the same geologic formations and caldera complex. 3
Scorpio Gold’s 2025 Maiden Mineral Resource Estimate (MRE) marks the very first modern resource for the newly consolidated district. The MRE outlines 740,000 ounces of inferred gold across 18.3 million tonnes grading 1.26 g/t gold. 4
CEO Zayn Kalyan describes this initial MRE as a “starting point” for building a multi-million-ounce resource in a district long known for its high-grade potential. 7 The latest drill results show exactly how the company plans to get there.
On May 7, 2026, Scorpio extended the story to a second target hosted in Manhattan Caldera volcanics:
Black Mammoth (Holes 26MN-069 & 26MN-072): 0.62 g/t Au over 62.21 m from 230.43 m on hole 26MN-069 (Manhattan Caldera volcanics, the same host setting that drives Kinross's Round Mountain mine), plus 6.04 g/t Au over 4.86 m on 26MN-072 — including 15.99 g/t Au over 1.78 m. 18
All four Black Mammoth holes drilled to date have intercepted gold, all >250 m beyond the current Inferred Resource Constraining Pit. 18
On May 5, 2026, Scorpio reported its highest-grade hit at the Manhattan District to date:
Zanzibar Trend (Holes 26MN-067 & 26MN-068): 10.40 g/t Au over 5.67 m (including a bonanza-grade 455.52 g/t Au over 0.49 m from 36.27 m) plus a separate intercept of 1.94 g/t Au over 17.07 m from 55.47 m. 17
Every interval sits outside the current Inferred Resource Constraining Pit, further extending the >300 m Zanzibar corridor. 17
On April 28, 2026, Scorpio announced standout hits from two key areas:
Zanzibar Trend (Hole 26MN-066): The team hit a thick section of 16.49 metres grading 2.74 g/t gold starting just 45 metres underground. Inside that section was an even richer core of 4.15 metres at 7.45 g/t . 16 They also struck a separate gold zone starting right at the surface ( 6.31 metres at 1.89 g/t ). 16
Gap Zone (Hole 26MN-065): Drilling uncovered a broad 22.49-metre stretch of gold, which included a high-grade spike of 5.67 metres at 4.39 g/t (with a peak of 25.66 g/t over a short distance). 16
Crucially, all of these intercepts sit outside the current Inferred Resource Constraining Pit — meaning every reported metre represents new candidate ounces for the next MRE update.
These new numbers build on a string of notable high-grade intercepts released earlier in the 2025–2026 program, which included:
36.82 metres grading 5.22 g/t gold (including 0.82m at 91.50 g/t gold) along the Reliance Trend. 5
49.62 metres grading 3.14 g/t gold (including 1.58m at 22.10 g/t gold) along the Zanzibar Trend. 6
Complementing this rapidly expanding footprint is a historical estimate from several satellite deposits — Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo — totaling approximately 304,000 ounces grading 5.89 g/t gold. 7
What Makes Scorpio Gold So Compelling?
Source: Scorpio Gold Corp., Aerial View of Manhattan West Pit.
1. Exceptional Grade vs. Nevada Peers
In Nevada, the average open-pit gold grade is typically around 0.60 g/t. Scorpio Gold’s Maiden Resource features a grade of 1.26 g/t—more than double the state average. 8 This higher grade profile is a massive advantage, potentially offering better margins and lower sensitivity to price fluctuations.
2. The "Zero-Cost" Data Advantage
Scorpio Gold is sitting on a treasure trove of historical data. By consolidating the district for the first time in a century, the company has inherited over 140,000 metres of historical drilling. 9 This allows the technical team to identify "low-hanging fruit" and high-grade targets without the massive initial expense and time usually required for grassroots exploration.
3. Permitted Infrastructure & Fast-Track Potential
Unlike many explorers that are years away from production, Scorpio owns the Goldwedge Mine which includes:
A fully permitted 400 ton-per-day gravity mill. 9
Permitted underground workings and significant water rights. 9
Proximity to Kinross Gold’s Round Mountain, offering potential for strategic partnerships or regional processing synergies.
Mining Legends Are Locked In & The Treasury is Loaded
Mining Legends Eric Sprott (Left) and Ross Beaty (Right).
In a powerful vote of confidence for Scorpio Gold, two of the biggest names in global mining finance — Ross Beaty and Eric Sprott — stepped up as the primary participants in a CAD$8 million private placement completed in late 2025. 10
Mr. Beaty is a billionaire mining entrepreneur often called the “broken slot machine” for his string of major successes, while legendary gold investor Eric Sprott is famously known as the “Gold Bull” and widely regarded as one of the most influential figures in precious metals.
As Eric Sprott stated in an interview with Jimmy Connor:
"The best way to play the gold rush is to own the junior miners with the highest-grade deposits."
This level of backing from two of the world’s most respected mining investors is a rare and powerful endorsement of Scorpio Gold’s vision and potential. It signals strong confidence in the company’s Manhattan District…

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