Scorpion Minerals: Completes phase one RC drilling at Pharos

  • Scorpion Minerals (SCN) has completed phase one reverse circulation (RC) drilling at its Pharos Project in Western Australia
  • Then the company began work at Pharos on September 1 with aims to confirm and define a historical gold intersection
  • A total 28 holes drilled across the Beacon, Lantern, Candle, Cap Lamp, Atlanta, Oliver’s Patch, and Salt Flat prospects
  • Scorpion has received results for the first four holes with results peaking at 18g/t gold
  • A further 2500 metres of follow-up RC drilling has been planned to target additional down-dip and strike extensions at multiple prospects
  • Scorpion is up a healthy 23.8 per cent on the market and shares are trading for 9.9 cents each
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

UK MPs Call for Royal Commission to Strengthen Financial Conduct Regulation

Parliamentarians emphasize the need for improved oversight in the financial sector.Highlights: UK MPs demand a Royal Commission to...

Experian Launches Credit Score App in ChatGPT, Enhancing Financial Access

New tool enables users to check credit scores effortlessly via ChatGPT.Highlights: Experian's app allows users to check credit...

US Senate Passes Bill Banning Issuance of CBDCs

Legislation aims to restrict the development of digital currencies by the Federal Reserve.Highlights: The US Senate approved a...

Truist Expands Open Banking Offerings with Plaid Partnership

Collaboration aims to enhance customer access to financial services.Highlights: Truist collaborates with Plaid for open banking expansion.The partnership...