Tuesday, 02 January 2024 12:17 GMT

Mining Stock Scorpio Gold (NASDAQ: SGLD) (TSXV: SGLD) Makes Nasdaq Top Gainer List On Drill Results Following Nasdaq Listing


(MENAFN- Investor Ideas) ), a leader in mining investing news and home of theExploring Mining Podcast, issues a news and trading alert for Scorpio Gold Corp. (NASDAQ: SGLD ) (TSXV: SGLD).

The stock makes the Nasdaq top percentage gainer list today - currently the top gainer trading at 11.66 +6.57 following drill results and its Nasdaq listing yesterday.

Scorpio (TSXV: SGLD) is trading at 0.4300+0.0750 (+21.13%) on the TSX Venture.

The stock just announced that its American Depositary Shares ("ADSs") commenced trading on the NASDAQ Capital Market under the ticker symbol "SGLD" effective at the opening of trading on September 1, 2026. Each ADS represents twenty (20) common shares of the Company (the "Common Shares").

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Drill Highlights

Hole 26MN-115 returned, at Goldwedge:

3.02 g/t gold over 48.92 metres ("m") from 118.87 m including 19.29 g/t gold over 5.24 m from 151.79 m within the Zanzibar Formation.

5.14 g/t gold over 10.15 m from 173.58 m, at the faulted contact of the Zanzibar Formation and Manhattan Caldera Volcanics.

0.46 g/t gold over 16.70 m from 210.92 m within the Manhattan Caldera Volcanics

Hole 26MN-118 returned, at Goldwedge:

1.19 g/t gold over 99.94 m from 98.61 m including 5.13 g/t gold over 4.16 m from 147.82 m within the Zanzibar Formation.

Hole 26MN-116 returned, along the Zanzibar Trend:

0.93 g/t gold over 22.16 m from 95.71 m including 3.72 g/t gold over 3.75 m from 98.66 m, within the Gold Hill Formation.

0.84 g/t gold over 25.05 m from 205.07 m including 3.63 g/t gold over 3.47 m from 213.33 m, within the Gold Hill Formation.

Scorpio Gold announced results from four drill-holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-113, 26MN-115, 26MN-116, and 26MN-118, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 114 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-123, for a grand total of 32,585 m. With the results herein, Scorpio Gold has reported assays on 107 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-116, and 26MN-118, totalling 30,889 m, and assays are pending from 7 holes (26MN-117 and 26MN-119 through 26MN-123), totalling 1,696 m. The pending results will be reported as they become available.

Full news

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Check out theExploring Mining podcast at Investorideas with host Cali Van Zant for the latest mining stock news and insightful interviews with top industry experts

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