Scorpion Minerals to Begin Drilling at Pharos Gold Project

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

Scorpion Minerals Limited has announced the commencement of a reverse circulation (RC) drilling program at its Pharos Gold Project and Jungar Flats JV in the Murchison region of Western Australia. The drilling aims to follow up on historic high-grade gold results and test several new targets. The company has recently expanded its landholding in the area to 1600 square kilometers through a farm-in/joint venture agreement with E79 Gold Mines. This expansion positions Scorpion as a significant player in the region, with the largest landholding along the Dalgaranga–Big Bell shear corridor. The ongoing exploration activities are supported by recent capital raising, and the company is well-funded to accelerate exploration and evaluate strategic acquisitions.

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 holds significant land positions in the Murchison region of Western Australia, with a focus on the Dalgaranga–Big Bell shear corridor, which is largely untested by historic exploration.

YTD Price Performance: -5.00%

Average Trading Volume: 668,346

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$9.48M

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