Skip to main content
Signal8

Full Access with Signal8 Pro, $49/mo billed annually.

Scorpio Gold Announces Commencement of Drilling at April Fool; Target Grab Samples Return Up To 59 g/t Gold

$SGLDPress releaseOct 1, 2026, 5:00 AM ETRead the release

Scorpio Gold has commenced diamond core drilling at the April Fool Target, the second of five historical resource areas at its Manhattan District in Nevada and one never systematically drilled. Surface mapping and sampling returned 48 selective grab and rock chip samples averaging 6.14 g/t gold, with three above 40 g/t and a peak of 59 g/t, in a geological setting the company says mirrors the Zanzibar Trend, where 2026 drilling delivered intercepts such as 3.14 g/t over 49.62 m. First assays from April Fool are expected by the end of October, a stated near-term catalyst.

Key figures

Drug Name
April Fool Target
Phase Of Trial
First systematic diamond core drilling
Maiden mre
18,343,000 tonnes at 1.26 g/t gold for 740,000 oz inferred
Total samples
48
Sample average gt
6.14 g/t gold (selective samples, per CEO quote)
Samples above 40gt
3
Peak grab sample gt
59 g/t gold
Marketing engagement usd
200000
Zanzibar best intercepts
["3.14 g/t over 49.62 m (25MN-044)","12.78 g/t over 5.91 m (26MN-067)"]

AI analysis

Red flags4 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.