Scorpio Gold Expands High-Grade Zanzibar Trend at Manhattan

Scorpio Gold says new drill results at the Manhattan Gold District in Nevada continue to extend the high-grade Zanzibar trend, highlighted by 10.4 g/t gold over 5.7 meters. The company said the interval is uncapped and would calculate above 43 g/t, strengthening the case for near-surface ounces that could sit alongside the existing resource pit. CEO Zayn Kalyan also flagged ongoing drilling at Black Mammoth, Gold Wedge Deep and the Gap Zone as Scorpio works to build out the broader district. The key takeaway for traders is that the update is resource-expansion focused rather than a production or financing event, with the potential to lift sentiment around Manhattan if follow-up holes confirm continuity and thickness. Near term, the market will likely watch whether additional assays keep the Zanzibar trend open along strike and at depth, and whether the company can translate these intercepts into a meaningful resource upgrade. For now, this is primarily a micro-cap exploration catalyst tied to high-grade Nevada gold, with upside dependent on drill continuity rather than spot gold price action.