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Scorpion Minerals Limited ( (AU:SCN) ) has shared an announcement.
Scorpion Minerals Limited announced promising assay results from its recent drilling at the Pharos Gold Project, indicating significant shallow high-grade gold mineralization. The company plans further drilling to explore historic high-grade targets. Additionally, Scorpion has entered a strategic partnership with Gylden Resources to explore development and processing opportunities, leveraging Gylden’s Kirkalocka processing plant. This collaboration aims to expedite the commercialization of Scorpion’s gold assets, enhancing its position in the gold exploration industry.
More about Scorpion Minerals Limited
Scorpion Minerals Limited is a company engaged in gold exploration, primarily operating in the Murchison region of Western Australia. The company focuses on developing its Pharos Gold Project and has significant landholdings in the Dalgaranga–Big Bell shear corridor, which is largely unexplored.
Average Trading Volume: 1,054,995
Technical Sentiment Signal: Buy
Current Market Cap: A$19.4M
Learn more about SCN stock on TipRanks’ Stock Analysis page.