FinTechFunding

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
Previous article
XOX Berhad: Partners AntChain
Next article
Turntide Technologies: Raises $33M in Funding
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

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...