Scorpio Gold Sees Round Mountain-Style Potential Emerging at Manhattan

Scorpio Gold says drilling at its Manhattan Gold District project in Nevada is pointing to a larger, Round Mountain-style bulk-tonnage target. CEO Zayn Kalyan said three rigs are active across Goldwedge, Black Mammoth and the Zanzibar Trend, and the company is aiming to grow the current 740,000-ounce resource toward 2Moz by year-end. The key geological takeaway is broader mineralization in volcanic tuffs along the Manhattan Caldera margin, which the company says could support a much larger system than previously modeled. For gold traders this is a single-name exploration update rather than a near-term market mover, but it adds to the longer-dated supply narrative if the drilling continues to expand resource scale and economic optionality.