The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Scorpion Minerals (SCN) has commenced phase two reverse circulation (RC) drilling at its Pharos Project in Western Australia
  • The company completed phase one drilling at the end of September which aimed to confirm and define historical gold intercepts
  • Scorpion has yet to receive full results from this work but results have so far peaked at 18g/t gold
  • Half of this phase two drilling will be completed in the short term with the full program expected to be completed once all phase one results have been returned
  • Work will focus at the Salt Flat, Oliver’s Patch, Lantern, and Beacon prospects
  • Scorpion has ended the day in the grey and shares have been trading for 8.5 cents since October 2

Scorpion Minerals (SCN) has commenced phase two reverse circulation (RC) drilling at its Pharos Project in Western Australia.

Pharos lies in the Murchison Province and covers an area of 640 square kilometres.

The company completed phase one drilling at the end of September which aimed to confirm and define historical gold intercepts.

This phase one work consisted of 28 RC holes drilled across the Beacon, Lantern, Cap Lamp, Salt Flat, Oliver’s Patch, Candle, and Atlanta prospects.

Scorpion has received results for the first four holes with results peaking at 18g/t gold.

Results from the remaining holes are awaiting analysis and are expected in the next three weeks.

Half of this phase two drilling will be completed in the short term with the full program expected to be completed once all phase one results have been returned.

Work will include extensional drilling at Salt Flat and Oliver’s Patch where promising vein intercepts were encountered.

Follow-up drilling will also be completed at Lantern, extensional drilling at Beacon, and initial drilling at the Terrys South area.

Scorpion has ended the day in the grey and shares have been trading for 8.5 cents since October 2.

SCN by the numbers
More From The Market Online
Image of a lithium brine project

Pantera begins drilling of maiden test well at Smackover

Pantera Minerals Ltd has commenced drilling of its first test well at the Smackover Lithium Brine…
The Market Online Video

Rick Rule looks ahead to U.S. election’s outcome and impact on energy

Rick Rule, president and CEO of Rule Investment Media, joins The Market Online in the above video to share his
Image representing the stock market

Yancoal Australia reports strong Q3 financials

Yancoal Australia (ASX:YAL) has reported strong Q3 financial results, revealing the company had a cash balance increase of $430...
Golden bars in a mine

Australian Gold and Copper reports high grade results at Achilles

Australian Gold and Copper (ASX:AGC) has reported high-grade results from its Achilles discovery in central NSW.