Scorpion Minerals Prepares for Drilling at Pharos Gold Project

Scorpion Minerals Limited ( (AU:SCN) ) just unveiled an update.

Scorpion Minerals Limited has completed pre-drilling exploration work at its Pharos Gold Project in Western Australia, refining targets for an upcoming reverse circulation drilling campaign. The company has conducted rock chip sampling and analysis of historic drill holes, with significant gold specimens recovered near the Cap Lamp area. The drilling program aims to explore high-grade gold targets and is expected to conclude by late June, with results to follow. Scorpion is well-funded for continued exploration, having secured $1.5 million through a share placement, and is optimistic about maximizing asset value amid favorable gold prices.

More about Scorpion Minerals Limited

Scorpion Minerals Limited is a company operating in the mining industry, focusing on gold exploration. The company is engaged in the exploration of gold projects, particularly in the Murchison region of Western Australia, with a significant landholding along the Dalgaranga–Big Bell shear corridor.

Average Trading Volume: 651,988

Technical Sentiment Signal: Sell

Current Market Cap: A$8.91M

For an in-depth examination of SCN stock, go to TipRanks’ Stock Analysis page.