- Scorpion Minerals (SCN) receives results from its recently completed reverse circulation (RC) drilling program at its Pharos project in Western Australia
- A total of 16 RC holes have been drilled across the Cap Lamp, Lantern, Candle and Beacon prospects to determine the strike and dip of the structures
- Most of the holes have intersected significant dolerite-hosted structures with a best grade of 11.76g/t gold returned from Cap Lamp
- Further drilling and surveying will now be undertaken at the Cap Lamp, Lantern and Candle areas
- Scorpion ends the day 1.47 per cent in the green with shares trading at 6.9 cents
Scorpion Minerals (SCN) has received results from its recently completed reverse circulation (RC) drilling program at its Pharos project.
The Pharos Project lies in the Murchison Province of Western Australia and covers an area of 640 square kilometres.
A total of 16 RC holes, for 1134 metres, were drilled across the Cap Lamp, Lantern, Candle and Beacon prospects to determine the strike and dip of the structures.
Cap Lamp
Four holes, for 245 metres, were drilled on the northernmost section at Cap Lamp.
Drilling identified mineralisation in all holes drilled with a best results of one metre at 11.76 grams of gold per tonne (g/t) from 10 metres returned.
Further drilling will be undertaken to define the extent of the mineralisation down-dip along strike to the north which has never been drilled.
Lantern
Shallow drilling was completed at Lantern to test for a north and south-dipping control of the mineralisation.
Results show moderate anomalism with a best result of one metre at 1.99g/t gold from 53 metres intersected.
Downhole surveying will be undertaken to better define the mineralisation before further drilling is carried out to test additional targets.
Candle
Best results from Candle include one metre at 2.08g/t gold from 55 metres, three metres at 1.58g/t gold from 39 metres and two metres at 1.34g/t gold from 106 metres.
Scorpion is encouraged by the style and nature of the mineralisation and plans to undertake downhole surveying to better define the mineralisation before drilling.
Beacon
Two RC holes were drilled at Beacon with weakly anomalous gold, less than 0.1g/t gold, encountered.
Non-Executive Chair Bronwyn Barnes is pleased with the results.
“The results from our recent RC drill program have highlighted a new shallow high-grade gold zone at Cap Lamp which warrants further drilling,” Ms Barnes said.
“It was also pleasing to see that all holes drilled confirmed continuity of mineralisation, and we will be using this significant technical information to plan expanded exploration activities.”
Scorpion has ended the day 1.47 per cent in the green with shares trading at 6.9 cents in a $17.87 million market cap.