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Scorpio Gold ( (TSE:SGN) ) has shared an announcement.
Scorpio Gold reported additional assay results from seven diamond drill holes completed in 2025 at its Manhattan District Project in Nevada, including notable intercepts of 2.21 g/t gold over 7.38 metres in hole 25MN-030 and 0.54 g/t gold over 20.54 metres, including 1.34 g/t gold over 8.95 metres, in hole 25MN-031. Management highlighted that many of the new intercepts lie outside the current inferred resource constraining pit designed at a US$2,500 gold price, indicating potential to expand the mineralized envelope and increase tonnage, while drilling also refined the understanding of key structural feeder zones; with assays still pending from 12 additional holes and three drill rigs active, the company signalled an ongoing pipeline of results that could further shape the project’s resource base and development outlook.
The most recent analyst rating on (TSE:SGN) stock is a Hold with a C$0.38 price target. To see the full list of analyst forecasts on Scorpio Gold stock, see the TSE:SGN Stock Forecast page.
Spark’s Take on TSE:SGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SGN is a Neutral.
The score is held back primarily by weak financial performance (ongoing losses and significant cash burn). Offsetting this are constructive recent corporate developments (resource estimate, drilling results, and a funded drilling plan) and mildly improving technical signals. Valuation provides little support due to negative earnings and no dividend.
To see Spark’s full report on TSE:SGN stock, click here.
More about Scorpio Gold
Scorpio Gold Corp. is a Canadian-based precious metals exploration and development company focused on advancing gold projects in Nevada, USA. The company is currently concentrating on its Manhattan District Project, where it is targeting expansion of existing inferred mineral resources through step-out diamond drilling around known mineralized zones and pits.
Average Trading Volume: 416,610
Technical Sentiment Signal: Buy
Current Market Cap: C$102.4M
See more insights into SGN stock on TipRanks’ Stock Analysis page.