Mining Stock Education · Saturday, September 19, 2026
Scorpio Gold CEO Zane Kallian is initiating a program to assess the potential of reprocessing historic mine material, including leach pads, waste dumps, and low-grade stockpiles from the past-producing Manhattan mine. The company plans to conduct sonic drilling to determine the volume and potential grade, which could significantly transform project economics and potentially offer short-term toll milling opportunities.
“So, um, we've been very focused obviously growing the resource. Um, the past producing Manhattan mine has a significant amount of mine material, primarily coming from One Echo Bay operated the mine from 1981 to 1991.”
“So, our next step is to actually drill it and get a full understanding of what actually there. And that is historic leach pads, um, historic waste dumps and historic low grade stock pile.”
“Because we do think that there could be potential economic grade there, and that, uh, potential economic grade with the mine material that is sitting on a combination of BLM and private land, um, patented ground, has a lot of potential to transform the economics of the project when we start to look at what the mine plan looks like, what is the development cycle look like, how do we get this money into production.”