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Scorpion Minerals Limited ( (AU:SCN) ) has issued an update.
Scorpion Minerals Limited has mobilized its drilling contractor and technical team to the Pharos Gold Project in the Murchison region of Western Australia, marking the commencement of a significant Reverse Circulation (RC) drilling program. This initiative aims to explore high-grade gold targets across several sites, including Oliver’s Patch, Cap Lamp, and Lantern, with the expectation of completing up to 1500 meters of drilling by late July. The company has also submitted approximately 1000 rock chip and RC samples for analysis, with results anticipated by mid-July. This drilling program is a strategic move to leverage Scorpion’s expansive landholding in the largely unexplored Dalgaranga–Big Bell shear corridor, potentially enhancing its market position and delivering exploration success for its stakeholders.
More about Scorpion Minerals Limited
Scorpion Minerals Limited is a company operating in the mining industry, primarily focusing on gold exploration and development. The company is actively engaged in exploring the Murchison region of Western Australia, particularly the Pharos Gold Project, which is part of the highly prospective Big Bell–Dalgaranga shear corridor.
Average Trading Volume: 683,255
Technical Sentiment Signal: Sell
Current Market Cap: A$8.38M
See more insights into SCN stock on TipRanks’ Stock Analysis page.