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- Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia
- The company began work at Pharos on September 1 with aims to confirm and define a historical gold intersection
- A total 28 holes were drilled across the Beacon, Lantern, Candle, Cap Lamp, Atlanta, Oliver’s Patch, and Salt Flat prospects
- Scorpion has received results for the first four holes with results peaking at 18g/t gold
- A further 2500 metres of follow-up RC drilling has been planned to target additional down-dip and strike extensions at multiple prospects
- Scorpion is up a healthy 23.8 per cent on the market and shares are trading for 9.9 cents each
Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia.
Scorpion began its drilling program at Pharos on September 1 with aims to confirm and define historical gold intersections.
A total 28 RC holes, for 2482 metres, were drilled to a maximum depth of 174 metres across the Beacon, Lantern, Candle, Cap Lamp, Atlanta, Oliver’s Patch, and Salt Flat prospects.
Work at each of these prospects intersected significant dolerite-hosted structures with quartz-veining and alteration.
Scorpion has received results for the first four holes with best results including 11 metres at 5.39g/t gold from surface including three metres at 18g/t gold from four metres.
Samples for the remaining holes are pending analysis and results are expected in the next three weeks.
Additionally, a further 2500 metres of follow-up RC drilling has been planned to target additional down-dip and strike extensions at the Lantern, Oliver’s Patch and Salt Lake prospects.
Scorpion is up a healthy 23.8 per cent and shares are trading for 9.9 cents each at 1:07 pm AEST.
