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

Tempus picks up Canadian play in Storm (y) territory

Tempus Resources is set to acquire the Prescott Project in Canada, which it believes shares geological…

Dreadnought hits expected mineralisation through drilling at Yilgarn targets

Dreadnought Resources has tested four of its best gold targets in the Central Yilgarn region of…

Gold anomalies across several kilometres impress Helix in NSW

Gold assaying results have helped Helix Resources Ltd (ASX: HLX) to better delineate three prospective anomalies…

Winter drilling yields thick lithium for Loyal in Canada

Loyal Lithium has picked up multiple high-grade results close to the surface from three known spodumene…