Scorpion Minerals Advances Exploration at Pharos Gold Project

Scorpion Minerals Limited ( (AU:SCN) ) has issued an update.

Scorpion Minerals Limited has completed an extensive field work program targeting high-grade gold deposits at its Pharos Gold Project, with a reverse circulation drill program of 35 holes completed post-quarter end. The company is poised to commence further drilling in August, focusing on additional high-grade targets. The expansion of their Murchison ground position to 1,600 km² through a joint venture agreement with E79 Gold Mines highlights Scorpion’s strategic efforts to capitalize on its extensive landholdings. The company is also exploring options to unlock value from its Mt Mulcahy Copper asset, positioning itself strongly in the competitive gold market.

More about Scorpion Minerals Limited

Scorpion Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. Its primary products include gold, lithium, PGE-Ni-Cu, iron ore, and VMS hosted Cu-Zn-Ag Au mineralization. The company holds a significant land position in the Murchison Mineral Field, Western Australia, particularly along the Dalgaranga–Big Bell shear corridor, which is a highly sought-after gold region.

Average Trading Volume: 682,125

Technical Sentiment Signal: Sell

Current Market Cap: A$9.43M

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