Weather Delays Overcome as Scorpion Pushes to Prove Gold Potential at Pharos

Drilling Commences at Pharos Gold Project

Scorpion Minerals Limited (ASX, SCN) has officially mobilised its reverse circulation (RC) drilling rig to the Pharos Gold Project, located in the Murchison Gold Province of Western Australia. This marks a significant step forward in the company’s exploration campaign, designed to test multiple high-grade gold targets identified through historic drilling and surface sampling.

The Pharos Project, which covers a substantial 924 square kilometres along the Dalgaranga–Big Bell shear corridor, is a highly prospective region that has seen limited modern exploration. Scorpion’s recent acquisition of the largest contiguous landholding in this corridor positions it well to unlock new discoveries.

Targeting High-Grade Zones with Follow-Up Drilling

The current drilling program aims to complete up to 1500 metres of RC drilling by late July, focusing on key prospects including Oliver’s Patch, Cap Lamp, Lantern, Candle, and Candle North. These targets have historic intercepts of notable grades, such as 8 metres at 10.99 grams per tonne (g/t) gold at Lantern, including a 2-metre section grading 42.4 g/t, and 5 metres at 8.28 g/t at Cap Lamp.

Scorpion’s CEO Michael Fotios expressed optimism about the campaign, noting that despite a minor weather-related delay, drilling is now underway with assay results expected shortly after completion. He highlighted the company’s confidence in delivering exploration success as activity accelerates across its extensive Murchison landholding.

Complementary Exploration Activities

Alongside drilling, Scorpion is advancing systematic soil geochemistry surveys, detailed geological mapping at a 1, 5000 scale, and a 50-metre line spaced airborne magnetic survey. These efforts aim to refine structural interpretations and identify additional mineralisation controls, enhancing the targeting of future drill holes.

The company also continues heritage surveys at the Jungar Flats joint venture tenements, where historic shallow drilling has revealed significant supergene gold mineralisation, further underscoring the region’s potential.

Strategic Positioning in a Proven Gold Province

Pharos and the adjacent Jungar Flats JV project sit at the northern extent of the Big Bell–Dalgaranga shear corridor, a region known for hosting significant gold deposits. Scorpion’s strategy to consolidate land and systematically explore these under-tested zones could position it to add meaningful resources in the near term.

Importantly, the project also includes the Mt Mulcahy deposit, which holds a JORC-compliant resource of 647,000 tonnes grading 2.4% copper and 1.8% zinc, alongside gold and silver credits, highlighting the broader base metal and precious metals potential within the portfolio.

As assays from the current drilling program are awaited, the market will be watching closely for confirmation that these historic high-grade zones can be extended or expanded, potentially underpinning future development opportunities.