Sabre Gold Mines Corp. press release

Scorpio Gold Drills 2.05 g/t Gold over 97.99 Metres from 64.16 Metres at the Goldwedge Target at Manhattan

2026-07-14

TSX - Toronto Stock Exchange · Gold · Silver · Copper · Zinc · Lead · Canada · Drill Results

Highlights

Hole 26MN-090 returned, along the Zanzibar Trend: 0.91 g/t gold over 20.63 metres ("m") from 74.38 m and 16.47 g/t gold over 2.35 m from 143.41 m within the Gold Hill Formation.

Hole 26MN-099 returned, along the Zanzibar Trend: 0.88 g/t gold over 18.59 m from 98.76 m at the Zanzibar-Gold Hill Formation stratigraphic contact, including 1.28 g/t gold over 9.45 m from 101.19 m. 2.10 g/t gold over 16.15 m from 126.95 m within Gold Hill Formation fault breccia, including 2.91 g/t gold over 10.27 m from 128.32 m.

Hole 26MN-101 returned, at Goldwedge: 1.60 g/t gold over 33.53 m from 6.70 m within the Zanzibar Formation, including 7.11 g/t gold over 5.18 m from 33.83 m.

Hole 26MN-104 returned, along the Zanzibar Trend: 35.23 g/t gold over 1.01 m from 139.26 m within the Gold Hill Formation.

Hole 26MN-110 returned, at Goldwedge: 2.05 g/t gold over 97.99 m from 64.16 mwithin the Gold Hill Formation, including; 18.19 g/t gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.1 m, and 8.98 g/t gold over 7.32 m from 144.01 m. Also, within the Gold Hill Formation, 1.75 g/t gold over 14.63 m from 180.44 m.

Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from eighteen step-out holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-087, 26MN-090, 26MN-093 through 26MN-095, 26MN-097 through 26MN-108, and 26MN-110, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 102 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-112, for a grand total of 28,939 m. With the results herein, Scorpio Gold has reported assays on 99 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-108, and 26MN-110, totalling 27,793 m, and assays are pending from 3 holes (26MN-109, 26MN-111 and 26MN-112), totalling 1,146 m. The pending results will be reported as they become available.

In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent, has not been used or included in any results to date. Results from drill hole GWUG-11-11 are also included in Table 1 and discussed below. Any new significant results from historic core or pulps will be reported as they become available.

"Manhattan continues to deliver high-grade gold with remarkable consistency, and these results deepen our understanding of why. The 97.99 metre intercept grading 2.05 g/t gold in hole 26MN-110 demonstrates that Goldwedge hosts broad, continuous zones of mineralization punctuated by high-grade intervals. The combination of structural and stratigraphic intersection at Goldwedge is providing the kind of grade-and-thickness combination that drives meaningful resource growth at Manhattan.

_Along the Zanzibar Trend, mineralization is also proving to be strongly controlled by stratigraphy and structure, with high-grade gold recurring at the Zanzibar-Gold Hill contact and within fault breccias hosting multiple generations of epithermal veining — hallmarks of a large, long-lived gold system. Importantly, these step-outs tested within and beyond the boundaries of our maiden resource, so every new intercept is either adding new mineralization or upgrading material outside the current block model. We have also begun analyzing multi-element ICP data received to date, which include silver values. Silver was historically produced alongside gold in the Manhattan District, and we see the potential for silver to be incorporated into future resource estimates — adding a byproduct dimension that our maiden resource did not capture. With 99 of 102 Phase Two holes now reported and the system open in multiple directions, Manhattan keeps reinforcing its district-scale potential," _said Harrison Pokrandt, VP Exploration for Scorpio Gold.

[](https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_002full.jpg)

Figure 1. Surface Plan Map of drill holes. Map Inset areas shown in Figures 2 and 3.

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Zanzibar Trend: Drill holes 26MN-087, 26MN-090, 26MN-093, 26MN-094, 26MN-097, 26MN-099, and 26MN-104 are all approximately 50 m step-outs along the Zanzibar Trend. Hole 90 had two substantial zones, 0.91g/t over 20.6m and 16.47 g/t over 2.35m. These add to the significant mineralization recently encountered along the Zanzibar Trend, including:

3.14 g/t gold over 49.62 m from 59.95 m(25MN-044) 0.66 g/t gold over 57.64 m from 29.59 m(25MN-045) 2.10 g/t gold over 22.25 m from 34.14 m(26MN-063) 2.74 g/t gold over 16.49 m from 45.45 m(26MN-066) 10.40 g/t gold over 5.67 m from 34.29 m(26MN-067) 1.94 g/t gold over 17.07 m from 55.47 m(26MN-067) 12.78 g/t gold over 5.91 m from 134.51 m(26MN-067) 0.69 g/t gold over 23.23 m from 4.05 m(26MN-070) 2.68 g/t gold over 11.34 m from 0.76 m(26MN-071) 2.77 g/t gold over 12.68 m from 58.64 m(26MN-080) 5.19 g/t gold over 6.55 m from 62.03 m(26MN-080)

Goldwedge: Drill holes 26MN-095, 26MN-098, 26MN-100, 26MN-101, 26MN-103, 26MN-105, 26MN-106, 26MN-107, 26MN-108, and 26MN-110 are all approximately 50 m step-outs, both laterally and at depth, at Goldwedge. Recent drilling at Goldwedge, including the results within, has demonstrated consistently strong mineralization:

0.59 g/t gold over 49.23 m from 31.69 m(26MN-048) 11.84 g/t gold over 8.39 m from 106.21 m(26MN-075) 1.27 g/t gold over 45.23 m from 137.95 m(26MN-086) 1.17 g/t gold over 21.58 m from 111.71 m(26MN-089) 0.62 g/t gold over 16.28 m from 137.03 m(26MN-089) 2.04 g/t gold over 11.83 m from 115.67 m(26MN-091) 0.68 g/t gold over 25.02 m from 142.04 m(26MN-091) 4.43 g/t gold over 5.18 m from 172.21 m(26MN-091) 6.95 g/t gold over 11.98 m from 242.99 m(26MN-091)

Black Mammoth: Drill hole 26MN-102 is a 50 m step-out to the east of drill hole 26MN-096. Black Mammoth is a ~200-250 m step-out from Goldwedge. Significant mineralization at Black Mammoth, including the results within, includes:

0.75 g/t gold over 24.69 m from 230.12 m(26MN-053) 1.02 g/t gold over 40.23 m from 195.69 m(26MN-057) 0.99 g/t gold over 41.45 m from 195.68 m(26MN-057) 0.78 g/t gold over 12.92 m from 293.71 m(26MN-057) 0.62 g/t gold over 62.21 m from 230.43 m(26MN-069) 6.04 g/t gold over 4.86 m from 308.23 m(26MN-072) 0.91 g/t gold over 15.79 m from 368.65 m(26MN-072) 0.58 g/t gold over 18.04 m from 311.05 m(26MN-078) 0.57 g/t gold over 17.98 m from 157.28 m(26MN-092) 0.83 g/t gold over 18.01 m from 277.68 m(26MN-092) 8.10 g/t gold over 1.52 m from 450.35 m(26MN-092) 2.56 g/t gold over 13.38 m from 293.28 m(26MN-096)

Further to the 2026 drilling results, historic drill hole GWUG-11-11, was relogged and sampled and returned 8.59 g/t gold over 6.1 m from 9.75 m. This new result addresses gaps found in the Manhattan database compilation. This drill hole was drilled underground at Goldwedge in 2011.

All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit ("IRCP"), targeting new mineralization outside of the 2025 MRE block model, see Figures 5 and 7. For further details see "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" with an effective date of June 4, 2025, on Scorpio Gold's website at https://wp-scorpiogold-2025.s3.ca-central-1.amazonaws.com/media/2025/10/SGN_Manhattan_Mineral_Resource_Estimate_-_Amended_43-101.pdf.

[](https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_004full.jpg)

Figure 2. Inset Surface Plan Map of Zanzibar Trend Target Area, with drill hole traces projected to surface and result highlights noted.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_004full.jpg

[](https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_006full.jpg)

Figure 3. Inset Surface Plan Map of Goldwedge Target Area, with drill hole traces projected to surface and result highlights noted.

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_006full.jpg

| Drill Hole ID | Target Azimuth / Dip | From (m) | To (m) | Intercept¹ (m) | Gold (g/t) | | 26MN-087 | Zanzibar Trend | 30.63 | 41.45 | 10.82 | 0.40 | | 354 m | 037° / -45° | 222.78 | 225.16 | 2.38 | 1.19 | | | | 321.48 | 329.37 | 7.89 | 0.56 | | 26MN-090 | Zanzibar Trend | 74.38 | 95.01 | 20.63 | 0.91 | | 330 m | 026° / -45° | 143.41 | 145.76 | 2.35 | 16.47 | | | | 156.18 | 168.68 | 12.50 | 0.29 | | | | 288.13 | 297.27 | 9.14 | 0.81 | | 26MN-093 | Zanzibar Trend | 67.97 | 85.07 | 17.10 | 0.41 | | 138 m | 000° / -60° | 107.29 | 123.60 | 16.31 | 0.34 | | 26MN-094 144 m | Zanzibar Trend 035° / -45° | 29.65 | 35.17 | 5.52 | 0.19 | | 26MN-095 | Goldwedge | 6.40 | 37.64 | 31.24 | 0.29 | | 107 m | 004° / -45° | 40.85 | 52.43 | 11.58 | 0.20 | | | | 64.06 | 73.30 | 9.24 | 0.30 | | 26MN-097 168 m | Zanzibar Trend 045° / -62° | 106.16 | 118.14 | 11.98 | 0.36 | | 26MN-098 | Goldwedge | 4.42 | 9.75 | 5.33 | 0.28 | | 108 m | 041° / -80° | 13.47 | 33.22 | 19.75 | 0.19 | | | | 104.51 | 108.20 | 3.69 | 0.47 | | 26MN-099 | Zanzibar Trend | 63.52 | 75.13 | 11.61 | 0.77 | | 323 m | 252° / -45° | 89.31 | 95.71 | 6.40 | 0.40 | | | | 98.76 | 117.35 | 18.59 | 0.88 | | | including | 101.19 | 110.64 | 9.45 | 1.28 | | | | 126.95 | 143.10 | 16.15 | 2.10 | | | including | 128.32 | 138.59 | 10.27 | 2.91 | | | | 228.78 | 242.86 | 14.08 | 0.18 | | 26MN-100 65 m | Goldwedge 060° / -45° | 3.66 | 35.08 | 31.42 | 0.21 | | 26MN-101 | Goldwedge | 6.70 | 40.23 | 33.53 | 1.60 | | 116 m | 050° / -45° | | | | | | | including | 33.83 | 39.01 | 5.18 | 7.11 | | | | 46.94 | 54.32 | 7.38 | 1.82 | | | including | 51.67 | 54.32 | 2.65 | 3.89 | | | | 61.27 | 70.29 | 9.02 | 0.65 | | | including | 63.22 | 64.01 | 0.79 | 3.76 | | | | 85.04 | 89.89 | 4.85 | 1.72 | | | including | 85.04 | 88.61 | 3.57 | 2.23 | | 26MN-102 512 m | Black Mammoth 205° / -45° | 398.83 | 402.58 | 3.75 | 0.44 | | 26MN-103 | Goldwedge | 19.82 | 28.35 | 8.53 | 0.41 | | 81 m | 043° / -73° | 33.14 | 44.81 | 11.67 | 0.22 | | 26MN-104 | Zanzibar Trend | 99.97 | 102.29 | 2.32 | 2.04 | | 385 m | 150° / -45° | 110.95 | 115.46 | 4.51 | 1.75 | | | | 139.26 | 140.27 | 1.01 | 35.23 | | | | 294.59 | 295.90 | 1.31 | 1.35 | | 26MN-105 | Goldwedge | 12.65 | 39.32 | 26.67 | 0.23 | | 68 m | 080° / -45° | | | | | | | including | 25.76 | 39.32 | 13.56 | 0.31 | | 26MN-106 68 m | Goldwedge 130° / -45° | 13.41 | 17.37 | 3.96 | 0.23 | | 26MN-107 | Goldwedge | 49.38 | 70.41 | 21.03 | 0.31 | | 429 m | 031° / -49° | 77.57 | 81.84 | 4.27 | 0.32 | | | | 146.61 | 162.92 | 16.31 | 0.44 | | 26MN-108 | Goldwedge | 22.55 | 43.89 | 21.34 | 0.15 | | 82 m | 145° / -80° | 54.53 | 60.05 | 5.52 | 0.34 | | | | 65.07 | 78.30 | 13.23 | 0.52 | | 26MN-110 | Goldwedge | 12.80 | 24.99 | 12.19 | 0.20 | | 330 m | 020° / -52° | 64.16 | 162.15 | 97.99 | 2.05 | | | including | 85.95 | 89.12 | 3.17 | 18.19 | | | including | 127.10 | 131.67 | 4.57 | 11.41 | | | including | 144.01 | 151.33 | 7.32 | 8.98 | | | | 180.44 | 195.07 | 14.63 | 1.75 | | including | 192.63 | 195.07 | 2.44 | 6.80 | | | GWUG-11-11 | Goldwedge | 9.75 | 15.85 | 6.10 | 8.59 | | 83 m | 229° / -56° | | | | | | | including | 12.81 | 14.33 | 1.52 | 33.13 |

¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold.

Table 1. Results from the current batch of drill holes. Note: There is insufficient geological information to estimate a true width for the drill intercepts reported.

Zanzibar Trend Results: 26MN-087: This drill hole contains three significant intervals hosted within Cambrian Gold Hill Formation brecciated fine grained clastic meta-sediments. The first interval of 0.40 g/t gold over 10.82 m from 30.63 m is oxidized and brecciated. The second interval of 1.19 g/t gold over 2.38 m from 222.78 m is comprised of a re-lithified breccia. The last interval of 0.56 g/t gold over 7.89 m from 321.48 m is a breccia with obvious evidence of faulting. The later interval ends in Oligocene Round Rock Formation ("Manhattan Caldera") ash and lapilli tuff volcanic units, from 328.54 m to 329.37 m. The different breccias suggest multiple mineralization events.

26MN-090: This drill hole contains four significant intervals hosted within Cambrian Gold Hill Formation fine grained carbonate and clastic meta-sediments, including breccia and marble. The first interval of 0.91 g/t gold over 20.63 m from 74.38 m sits directly below a large, oxidized fault (~73 m) and is largely oxidized and broken muds and limestones. The second interval of 16.47 g/t gold over 2.35 m from 143.41 m contains a near-parallel to core axis quartz-calcite vein and is constrained to a limestone bed with strong alteration above the interval. The third and fourth intervals of 0.29 g/t gold over 12.5 m from 156.18 m and 0.81 g/t gold over 9.14 m from 288.13 m are within brecciated meta-mud and siltstones. See cross-section A to A' (Figure 5).

26MN-093: This drill hole contains two significant intervals hosted within Ordovician Zanzibar Formation limestones and carbonaceous muds. The first interval of 0.41 g/t gold over 17.1 m from 67.97 m is within re-lithified brecciated muddy limestone. The last interval of 0.34 g/t gold over 16.31 m from 107.29 m is within broken, vein filled, brecciated and oxidized limestone. This interval sits directly above sheared carbonaceous mudstone (starting at 123.60 m), which sits above Manhattan Caldera volcanics (at 131.98 m). The different breccias suggest multiple mineralization events.

26MN-094: This drill hole contains one significant interval within the Ordovician Zanzibar Formation. The interval of 0.19 g/t gold over 5.52 m from 29.65 m is within bedded, vein filled limestone. This interval sits directly above a massive sheared carbonaceous mudstone (starting at 35.17 m).

26MN-097: This drill hole contains one significant interval that extends through the stratigraphic contact between the Ordovician Zanzibar and Cambrian Gold Hill Formations. The interval of 0.36 g/t gold over 11.98 m from 106.16 m is within Zanzibar Formation limestone and continues into Gold Hill Formation meta-mudstones at 112.68 m. The start of this interval is strongly oxidized and veined.

26MN-099: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The first sits directly below the Manhattan Caldera volcanics contact, 0.77 g/t gold over 11.61 m from 63.52, within limestone and carbonaceous mudstones. The second Zanzibar Formation interval of 0.40 g/t gold over 6.4 m from 89.31 m is hosted withing strongly epithermal veined, bedded, limestone. One significant interval extends through the stratigraphic contact (at 103.33 m) between the Ordovician Zanzibar and Cambrian Gold Hill Formations, of0.88 g/t gold over 18.59 m from 98.76 m, including 1.28 g/t gold over 9.45 m from 101.19 m. Two significant intervals are hosted entirely within the Cambrian Gold Hill Formation. The first interval of 2.10 g/t gold over 16.15 m from 126.95 m, including 2.91 g/t gold over 10.27 m from 128.32 m (see Figure 4), is hosted within a re-lithified breccia of fine-grained clastic meta-sediments, and sits directly above a marble bed. The last interval of 0.18 g/t gold over 14.08 m from 228.78 m sits directly above the Brougher Fault, and a marble bed, within fine grained clastic meta-sediments. See cross-section A to A' (Figure 5).

26MN-104: This drill hole contains four intervals within Cambrian Gold Hill Formation fine grained clastic meta-sediments. The first interval of 2.04 g/t gold over 2.32 m from 99.97 m sits directly above a marble bed with a gouge fault contact. The final three intervals of 1.75 g/t gold over 4.51 m from 110.95 m, 35.23 g/t gold over 1.01 m from 139.26 m, and 1.35 g/t gold over 1.31 m from 294.59 m contain strong epithermal vein textures throughout.

[](https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_008full.jpg)

Figure 4. Drill hole 26MN-099, interval 131.67 m to 136.55 m, displaying Cambrian Gold Hill Formation re-lithified brecciated meta-silt and mudstones with quartz-calcite epithermal veins.

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[](https://images.newsfilecorp.com/files/9779/305095_5e645079f465d834_010full.jpg)

Figure 5. Cross-section A-A', showing gold grades with reported intervals highlighted.

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Goldwedge Results: 26MN-095: This drill hole contains three intervals within the Ordovician Zanzibar Formation. The first and second intervals of 0.29 g/t gold over 31.24 m from 6.40 m and 0.20 g/t gold over 11.58 m from 40.85 m, are within faulted and brecciated oxidized limestone and the bottom of each interval is a carbonaceous mudstone. The last interval of 0.30 g/t gold over 9.24 m from 64.06 m is similar to the first two intervals, but sits directly above Manhattan Caldera volcanics ("Volcanics") at 73.30 m.

26MN-098: This drill hole contains two intervals within the Ordovician Zanzibar Formation. Both intervals of 0.28 g/t gold over 5.33 m from 4.42 m and 0.19 g/t gold over 19.75 m from 13.47 m, are within faulted and brecciated oxidized limestone. One interval is within the Volcanics. The interval of 0.47 g/t gold over 3.69 m from 104.51 m is brecciated with veins throughout.

26MN-100: This drill hole contains one interval within the Ordovician Zanzibar Formation. The interval of 0.21 g/t gold over 31.42 m from 3.66 m is within faulted and brecciated oxidized limestone with veins throughout, and is directly above the Volcanics at 35.08 m.

26MN-101: This drill hole contains four intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestones and carbonaceous mudstones. The intervals are 1.60 g/t gold over 33.53 m from 6.70 m, including 7.11 g/t gold over 5.18 m from 33.83 m; 1.82 g/t gold over 7.38 m from 46.94 m, including 3.89 g/t gold over 2.65 m from 51.67 m; 0.65 g/t gold over 9.02 m from 61.27 m, including 3.76 g/t gold over 0.79 m from 63.22 m; and 1.72 g/t gold over 4.85 m from 85.04 m, including 2.23 g/t gold over 3.57 m from 85.04 m.

26MN-103: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestones and carbonaceous mudstones. The intervals are 0.41 g/t gold over 8.53 m from 19.82 m and 0.22 g/t gold over 11.67 m from 33.14 m. The later interval is above the Volcanics contact at 54.07 m.

26MN-105: This drill hole contains one interval within the Ordovician Zanzibar Formation, directly above the Volcanics contact at 26.67 m. The interval of 0.23 g/t gold over 26.67 m from 12.65 m, including 0.31 g/t gold over 13.56 m from 25.76 m, is hosted within brecciated and faulted limestone and carbonaceous mudstone.

26MN-106: This drill hole contains one interval within the Ordovician Zanzibar Formation, directly above the Volcanics contact at 17.37 m. The interval of 0.23 g/t gold over 3.96 m from 13.41 m is hosted within brecciated and faulted limestone and carbonaceous mudstone.

26MN-107: This drill hole contains three intervals within the Cambrian Gold Hill Formation. The intervals are hosted within fine grained clastic meta-sediments and marble units. The intervals are 0.31 g/t gold over 21.03 m from 49.38 m, 0.32 g/t gold over 4.27 m from 77.57 m, and 0.44 g/t gold over 16.31 m from 146.61 m. All three intervals are controlled by faults and/or lithologic boundaries above or below the interval.