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Scorpion Minerals Limited ( (AU:SCN) ) has issued an update.
Scorpion Minerals Limited has completed pre-drilling exploration work at its Pharos Gold Project in Western Australia, setting the stage for an imminent drilling campaign. The company has refined its targets following successful field evaluations, including rock chip sampling and structural assessments, and is ready to mobilize its drilling rig post a rain event. The exploration aims to follow up on historic high-grade results and test new targets, with assays expected shortly after drilling concludes. Scorpion has also secured the largest landholding in the region, positioning itself to maximize asset value in a favorable gold price environment.
More about Scorpion Minerals Limited
Scorpion Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in exploring the Pharos Gold Project located in the Murchison region of Western Australia, which is part of the highly prospective Big Bell–Dalgaranga shear corridor.
Average Trading Volume: 641,637
Technical Sentiment Signal: Sell
Current Market Cap: A$8.91M
For an in-depth examination of SCN stock, go to TipRanks’ Stock Analysis page.