SCN finds shiny specimen gold at the Oliver Patch prospect

Specimen gold and visible gold in vein quartz have been uncovered at Olivers Patch
The discovery demonstrates the clear gold potential of Scorpion’s larger Pharos project
Upcoming exploration includes geological mapping, auger assisted soil geochemistry and follow up drill testing

Special Report: The latest findings are supported by historic exploration work at the broader Pharos project which revealed several high-grade gold targets along an 8km corridor at Olivers Patch.

Scorpion Minerals (ASX:SCN) 1,295km² Pharos project near Cue, WA boasts prospectivity for lithium-PGE-nickel-copper-gold mineralisation.

It contains the Mt Mulcahy deposit, which features a zone of mineralisation called the ‘South Limb Pod’ where a measured, indicated, and inferred resource of 647,000t at 2.4% copper, 1.8% zinc, 0.1% cobalt and 20g/t silver currently stands.

In April, the results of a 7-hole RC drilling campaign unearthed highly fractionated LCT pegmatites up to 1.8% Li20 as well as 725ppm tantalum, 22ppm niobium, 1518ppm caesium and 7081ppm rubidium.

Findings indicate primary origin for gold mineralisation

Gold focused exploration at the Olivers Patch prospect has revealed specimen gold and visible gold-in-vein quartz within an 8km trend identified by historic exploration.

Gold specimens and vein quartz with visible gold. Pic: Scorpion Minerals

SCN’s Oliver Patch, Candle and Lantern prospects have been the source of discovery of numerous nuggets over the years by prospectors with the most recent find including 18.8g of gold nuggets in 2020.

Scorpion believes the findings indicate the primary origin for gold mineralisation under shallow cover.

It plans to conduct a detailed soil sampling and geological mapping program over the area with the aim of identifying potential drill targets. The soil sampling program will be auger assisted and designed to ensure that samples are collected from in situ material below the transported cover.

Upcoming work programs

Over the coming months, various work programs will be carried out including auger soil geochemistry in selected areas, a detailed review of existing gold targets, and follow-up detailed geological mapping and rock chip sampling.

This article was developed in collaboration with Scorpion Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.