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Mining Legends Target a District-Scale Opportunity: High-Grade Nevada Gold | Top Stock Report
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Mining Legends Target a District-Scale Opportunity: High-Grade Nevada Gold
Disseminated on behalf of Scorpio Gold Corporation
We are witnessing a profound shift in the global gold market. With geopolitical instability rising across multiple continents, inflation proving persistent, and central banks accumulating bullion at record paces, gold has established a structurally elevated floor in the current cycle. Some forecasts expect central banks to remain large net buyers of gold in 2026 to diversify away from fiat currencies. 1 But while retail investors are content buying physical gold or broad ETFs, the market leaders in resource investing are executing a fundamentally different playbook.
Table of Contents Table of Contents
The Manhattan District Project: A District-Scale Project In Nevada
Financial Strength, Fully Funded Execution, and M&A Pedigree
The Valuation Gap: Why Institutional Capital Is Paying for Nevada Ounces
Leadership: The Team Behind the Strategy
Strategic Advisory & Operations Team:
Timing Is Everything: The Making of the Manhattan Moment
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They recognize that achieving superior returns goes beyond using bullion as a defensive hedge; it requires leveraging high-grade, district-scale mining assets in Tier-1 jurisdictions before the broader market recognizes their potential value and reprices them.
Mining leaders like Ross Beaty and Eric Sprott have a cycle-tested track record for spotting these resource trends by positioning early in premier mining assets.
Eric Sprott’s early financial backing famously helped propel Kirkland Lake Gold from a speculative junior into a $10+ billion global producer, delivering exceptional returns to investors who followed his lead. 2
Ross Beaty is often likened to a “broken slot machine” for his consistent ability to generate significant shareholder value. His track record includes creating billions in wealth through powerhouses like Pan American Silver, Equinox Gold, and the highly successful Lumina group of companies.
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 News 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
Now, they have turned their attention to a brownfield-plus-upside, gold opportunity right in the heart of Nevada. With a strategic, $8 million private placement into Scorpio Gold Corporation (OTCQB: SRCRF | TSXV: SGN) , Ross Beaty and Eric Sprott have taken a significant early position, providing a signal of validation to the broader market. 3
Scorpio Gold differentiates itself from typical junior explorers by maintaining strong financing and positioning for a catalyst-rich year at its flagship Manhattan District Project. 4 Scorpio is now executing its district-scale strategy: consolidating the land, proving continuity, and expanding the resource through systematic drilling. 4 This could be a signal that the next major resource cycle may be unfolding right before our eyes, with immense potential anchored in the high-grade rock of Nevada.
The company is now aiming to advance its district-scale strategy during what it sees as a favorable macro environment for gold exploration.
The Manhattan District Project: A District-Scale Project In Nevada
Source: Scorpio Gold Corp., Maiden 43-101 & Historical Resources. See "Disclaimer – Historical estimate" below.
Imagine a gold project not just scraping by on low-grade dirt, but tapping into a resource expansion story in one of the world’s most established mining jurisdictions: Nevada. In an era where major mining companies are working to replace depleting reserves while mitigating geopolitical risk, Tier-1 locations with high-grade profiles tend to command a distinct market premium.
That is Scorpio Gold’s Manhattan District Project: a sprawling, district-scale opportunity encompassing approximately 4,780 hectares of highly prospective land. 4 Located just 15km south of Kinross Gold’s Round Mountain mine, Scorpio’s package sits at the heart of a geological corridor currently undergoing a significant technical re-rating. 4
Round Mountain is a world-class operation that has produced over 15 million ounces of gold and stands as one of Nevada's most significant assets. 5 Kinross recently committed approximately $400 million over the next four years to transition Round Mountain into a highly productive, long-life underground mine. 5 With over 6 kilometers of dual-decline underground development already well underway, this capital injection reflects an industry trend: the most economical path forward in this district is targeting high-grade ounces at depth, rather than simply extending open pits. 5
This serves as a comparable data point for a similar high-grade model Scorpio Gold Corporation (OTCQB: SRCRF | TSXV: SGN) is actively proving out. 4 Scorpio’s newly consolidated package presents an uncommon late-stage exploration opportunity, underpinned by over 140,000 metres of historical drilling, significant resource potential, and the inherent advantage of existing permitting and water rights. 6
Source: Scorpio Gold Corp., Past Producing Drill Targets.
For decades, the true potential of the Manhattan District was fragmented by divided land ownership and disparate geological data, leaving the broader structural puzzle unsolved. Scorpio has successfully consolidated this district, and the newly unified geological models point to a compelling, cohesive structural footprint. The immediate focus is the highly prospective "Gap Zone," a previously under-drilled 200-meter corridor sitting directly between the historic Goldwedge underground mine and the West Pit. 7
This area may represent a connection between historic production and the current pit footprint, and further drilling may help clarify the structural continuity of the system. Scorpio reported a standout intercept of 1.69 g/t Au over 55.7 meters in hole 24MN-009 when testing the Goldwedge Trend. 6 This intercept serves as a critical geological link, supporting the view that the system connects, expands, and holds significant potential upside.
Further validating this idea, on April 28, 2026, Scorpio reported another standout drill hole (26MN-066) along the Zanzibar Trend. 19 The results featured a thick intercept of 16.49 metres at 2.74 g/t gold starting just 45 metres below the surface, which contained a much richer inner core of 4.15 metres at 7.45 g/t.19 Additionally, the team hit a separate, near-surface zone returning 6.31 metres at 1.89 g/t. 19
Meanwhile, at the Gap Zone (the corridor sitting directly between the Goldwedge underground mine and the West Pit) hole 26MN-065 returned a broad 22.49m at 0.54 g/t along with a bonanza-grade interval of 5.67m at 4.39 g/t (including a spike of 0.85m at 25.66 g/t). 19
These results strongly back management's thesis by confirming continuity where the Reliance Trend meets Goldwedge. Together with prior April results, these step-outs establish meaningful continuity along a largely untested, >300-metre strike corridor. Most importantly, every interval reported sits completely outside the current Inferred Resource Constraining Pit, making the…

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