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Scorpion Minerals Limited (ASX: SCN) has initiated a Reverse Circulation (RC) drilling program at its Pharos Gold Project, located in the Murchison region of Western Australia. The campaign focuses on six key areas—Oliver’s Patch, Cap Lamp, Lantern, Candle, and Candle North—with a planned drill coverage of approximately 1,500 meters. Historical data from these zones has revealed high-grade gold intervals, such as 8 meters at 10.99 g/t Au and 5 meters at 8.28 g/t Au, highlighting the project's strong mineral potential. Scorpion holds the most extensive land position along the Dalgaranga–Big Bell shear corridor, a significantly prospective yet underexplored geological belt. Complementary exploration activities, including soil geochemistry, structural mapping, and heritage assessments, are ongoing across the adjoining Jungar Flats JV area. Over 1,000 rock chip and drill samples have already been submitted for testing, with assay results anticipated by mid-July. The company aims to deliver substantial exploration progress and shareholder value through targeted drilling, geological interpretation, and expanded exploration programs across its 1,600 km² footprint.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.