Why SRCRF is the Junior Gold Stock to Watch in 2026!
Gold is at Record Highs and Scorpio Gold (OTCQB: SRCRF) May Be Sitting at the Center of Nevada's Next Major Gold Discovery!
Greetings All,
Gold is at a record highs! Surging past $4,400 and even briefly over $4,500 per ounce!
Leading banks, including Goldman Sachs, Bank of America, and UBS, have projected that gold could climb as high as $5,000 per ounce by the end of 2026, supported by global economic uncertainty, persistent inflation, and ongoing central bank demand.
In this favorable environment, junior exploration companies with high-grade, district-scale projects are attracting investor attention. Among them, Scorpio Gold (OTCQB: SRCRF) stands out for its potential to define a major new gold district in Nevada's highly productive Walker Lane Trend.
Company Overview
Scorpio Gold owns a 100% interest in the Manhattan District, a 4,780-hectare property that includes the advanced exploration-stage Goldwedge Mine, four past-producing pits, and a permitted gravity mill capable of processing 400 tons per day.
Strategically located just 15 kilometers south of Kinross Gold's 15-million-ounce Round Mountain Mine, Manhattan benefits from world-class infrastructure, mining-friendly regulations, and an extensive historical dataset that encompasses over 140,000 metres of drilling, 42,500 drill assays, and more than 350 historic production workings.
This combination of location, infrastructure, and data provides a strong foundation for exploration and resource expansion.
BIG NEWS
Maiden Mineral Resource & High-Grade Legacy
In September 2025, SRCRF released its Maiden Mineral Resource Estimate (MRE) for the Manhattan District, reporting 740,000 ounces of inferred gold across 18.3 million tonnes at an average grade of 1.26 g/t.
While this initial estimate is conservative, ongoing drilling is expected to significantly expand the resource. Historical satellite deposits within the district, including Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo, collectively contain over 303,000 ounces of high-grade gold averaging 5.89 g/t, demonstrating the exceptional grade potential across the project.
Recent drill results, including intercepts of 24.67 metres at 1.85 g/t gold and 3.23 metres at 9.95 g/t gold, reinforce the continuity of these high-grade zones and highlight the potential for near-resource expansion.
Exploration Momentum: 19 High-Potential Targets Identified
The Manhattan District is not only rich in gold but also rich in opportunity.
SRCRF recently unveiled 19 high-potential exploration targets, encompassing previously underexplored areas along strike and at depth. Historic drilling often ended in mineralization, suggesting that the district may host additional gold at depth.
Furthermore, new discoveries, such as previously unrecognized structural trends hosting high-grade gold, point to the possibility of expanding the district's resource envelope even further. CEO Zayn Kalyan emphasizes that Manhattan represents a low-risk, high-grade gold asset with district-scale potential that is already standing apart from its peers.
The Potential
Scorpio Gold's 2025 drilling program further illustrates the potential of the Manhattan District. Results from seven recent drill holes, including the Phase One and Phase Two programs, delivered notable intercepts such as 1.85 g/t gold over 24.67 metres and 21.82 g/t gold over 3.23 metres.
Several of these holes extended beyond the existing resource, demonstrating the continuity of mineralization and the potential for meaningful resource expansion. At Mustang Hill, drilling identified a previously unknown structural trend, offering the chance to define a new near-surface target zone adjacent to the current resource.
These results underline the district-scale nature of Manhattan and the potential for multi-million-ounce expansion both along strike and at depth.
Strategic Catalysts & Infrastructure Advantages
To maximize the potential of the Manhattan District, SRCRF is digitizing decades of historic exploration data into a modern GIS database for the first time. This consolidated dataset includes over 92,635 metres of historic drilling, 42,500 drill assays, more than 350 historic production workings, 4,043 field rock assays, and 4,819 soil samples.
By unifying this data, the company aims to enhance targeting accuracy, expand the resource base, and accelerate discovery. Combined with ongoing drilling and favorable market conditions, SRCRF is positioned for continuous near-term catalysts that could significantly increase shareholder value.
Funding & Institutional Backing
Backing Scorpio Gold's ambitious growth strategy are prominent mining investors Ross Beaty and Eric Sprott, who participated in a CAD$8 million private placement. Their endorsement provides the company with both capital and credibility, signaling confidence in the geological potential of Manhattan and the management team's ability to execute on its exploration mandate.
Management Expertise
Scorpio Gold's leadership team, including CEO Zayn Kalyan, VP Exploration Harrison Pokrandt, and Chief Geologist Thomas Poitras, brings extensive experience in exploration, mine development, and financial strategy, supported by technical advisors such as Daniel Kunz and Leo Hathaway. This depth of expertise positions SRCRF to capitalize efficiently on the district's upside while managing operational risk.
Financially, the company has reinforced its balance sheet with the first deferred payment from the sale of its Mineral Ridge subsidiary, receiving US$750,000 from escrow. This strengthens Scorpio Gold's treasury as it ramps up a 50,000-metre 2026 drill program, aimed at stepping out and expanding the scale of the Manhattan District. Corporate governance has also been enhanced with the appointment of Stephanie Sharma as Corporate Secretary, bringing extensive public company administration experience to the team.
The Bottom Line
For investors, Scorpio Gold (OTCQB: SRCRF) represents a compelling opportunity to gain exposure to a district-scale gold story in a premier Nevada jurisdiction.
With near record-high gold prices, high-grade drilling results, institutional backing, and a low-risk infrastructure advantage, SRCRF is positioned to continue building value as it advances toward a potential multi-million-ounce discovery.
As the Manhattan District evolves, SRCRF represents a junior gold stock to watch closely in 2026, offering a combination of near-term catalysts and long-term growth potential in one of the world's most prolific mining regions!
Start your research!
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