Scorpion completes drilling at Pharos lithium project just in time for Xmas
Special Report: Scorpion Minerals has completed maiden Reverse Circulation (RC) drilling at its Pharos lithium project in WA, looking to validate historical sampling which returned up to 2.99% Li2O.
The project covers an area of 1,295 km2 and is about 60km northwest of Cue in the Murchison mineral field.
The aim of the drilling was to target outcropping LCT pegmatites at Poona East and Poona West which historically surface samples, along with testing ‘poorly targeted’ RC drilling completed by previous explorers, returned 9m at 0.77% Li2O, 9m at 0.29% Li2O and 3m at 0.49% Li2O.
Scorpion Minerals (ASX:SCN) says assays are now pending and, in the meantime, will continue to progress a maiden resource for its key WA lithium asset – Youanmi – early next year.
Drilling targeted outcropping Lithium-Caesium-Tantalum (LCT) pegmatites at the Poona East and West targets, with five out of seven holes intersecting significant widths of pegmatite up to 28m downhole.
The drilling also tested shallow targets identified by historical surface sampling which returned high-grade values up to 2.99% Li2O.
“We are delighted to have our maiden lithium drilling program completed within our Pharos project,” SCN CEO Michael Fotios said.
“Early indications from this initial phase of drilling confirm multiple LCT pegmatite dykes at these Poona targets which require detailed follow up drilling.
“Encouragingly, five holes in this program have intersected significant widths of pegmatites up to 28m, so we are looking forward to receiving assays from the laboratory in January.”
SCN plans to undertake the following exploration programs over Q1 and Q2 2024:
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.