“One of the Most Impressive Holes”: Scorpio Gold Hits 10.40 g/t over 5.67m explains CEO Zayn Kalyan
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In this episode of Mining Stock Education, host Bill Powers welcomes Zane Kalyan, CEO of Scorpio Gold Corp., and VP of Exploration Harrison Polkrant to discuss a standout drill result: 10.4 grams per ton gold over 5.67 meters, including a remarkable 455 grams per ton gold over half a meter at 36 meters depth. The team highlights the Zanzibar trend—a historically significant area with 1920s-era mining reports—as a major new discovery zone with high-grade potential. The company is aggressively drilling across multiple targets, including Black Mammoth and Gold Wedge, with three drills currently active. Scorpio aims to reach 2 million ounces of measured and indicated resources by year-end, with the Zanzibar trend seen as a key driver of future growth. The hosts also reflect on the high-risk, high-reward nature of junior mining stocks, emphasizing discipline, due diligence, and emotional detachment to avoid catastrophic losses despite the potential for 10x returns.
A 10.4 g/t gold intercept over 5.67m, including a 455 g/t sample over 0.5m, marks one of Scorpio Gold’s most impressive drill results since leadership change.
The Zanzibar trend, based on historic 1920s reports and old adits, is a new high-grade zone with significant potential to add hundreds of thousands of ounces.
Scorpio Gold is targeting 2 million ounces of MRE by year-end, with three active drills advancing the Manhattan deposit across Zanzibar, Black Mammoth, and Gold Wedge.
The company caps high-grade samples at 70 g/t for QAQC consistency, ensuring conservative and representative reporting of mineral resources.
Investing in junior mining stocks offers massive upside but demands rigorous research, emotional discipline, and strict risk management to avoid rapid capital loss.
…and 2 more takeaways available in PodZeus
Introduction to Scorpio Gold’s Impressive Drill Result
“This is probably one of the most impressive holes that we've drilled since we've taken over the company.”
Exploring the Zanzibar Trend and Historical Context
Harrison Polkrant details the Zanzibar trend, rooted in 1920s mining reports and old adits. The team explains how historical exploration aligns with modern drilling success, reinforcing the area’s high-grade potential and structural significance.
Technical Details and QAQC Practices in Reporting
Zane Kalyan clarifies the 70 g/t cap on high-grade samples, explaining it as a conservative QAQC practice to ensure representativeness. He emphasizes the nuggety nature of the deposit and the importance of accurate resource modeling.
Future Drilling Strategy and Resource Growth Outlook
“There's like 1.2 kilometers of strike potential between Black Mammoth and April Fool's. If we can continue to hit on that same trend, we can have the potential to be very additive to the resource.”
“This is probably one of the most impressive holes that we've drilled since we've taken over the company.”
“There's like 1.2 kilometers of strike potential between Black Mammoth and April Fool's. If we can continue to hit on that same trend, we can have the potential to be very additive to the resource.”
“The mining business is one that generates gigantic wealth. A good drill hole that converts might cost $50,000 or $100,000 and it might discover something worth a couple billion.”
Host
Guests
Scorpio Gold Corp.
organization
Zanzibar Trend
other
Zane Kalyan
person
Harrison Polkrant
person
Manhattan Deposit
other
Black Mammoth
other
Mining Stock Education
media
Gold Wedge Mine
other
April Fool's
other
1920s Mining Reports
other
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