“Hole 57 is a Discovery Hole”: Scorpio Gold Hits at Black Mammoth Target explains Leo Hathaway

In this episode of Mining Stock Education, host Bill Powers welcomes back Leo Hathaway, executive technical director of Scorpio Gold, and CEO Zane Callion to discuss the company's latest exploration success at the Black Mammoth target in Nevada's Manhattan District. Leo recounts how a site visit after selling his previous company, Lumina Gold, convinced him of Scorpio's potential—particularly due to its 13-kilometer land position with historic gold workings, high-grade potential, and low jurisdictional risk compared to Ecuador. The focus centers on Hole 57, described as a 'discovery hole' that intersected 43 meters of over 1 gram per tonne gold starting at 195 meters depth, confirming a promising geological model involving a feeder structure beneath cap rocks. The team is now drilling systematic step-outs to map the mineralization’s full morphology. Simultaneously, strong results from Iron Queen validate the company’s exploration strategy. With three active drills and 72 holes drilled since mid-2023, Scorpio aims to reach 2 million ounces of inferred resources by year-end. The episode also touches on the rich history of the Manhattan District, including the April Fool's Day gold rush origin, and addresses investor concerns about claim security in Nevada, with both guests affirming rigorous land management practices. The podcast concludes with a strong cautionary note on the high-risk, high-reward nature of junior mining stocks and the importance of disciplined research and risk management.