{"id":3069,"date":"2023-12-12T02:42:37","date_gmt":"2023-12-12T02:42:37","guid":{"rendered":"https:\/\/economicherald.net\/?p=3069"},"modified":"2023-12-12T02:42:37","modified_gmt":"2023-12-12T02:42:37","slug":"scorpion-minerals-starts-drilling-second-wa-lithium-asset-as-maiden-resource-approaches","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=3069","title":{"rendered":"Scorpion Minerals starts drilling second WA lithium asset as maiden resource approaches"},"content":{"rendered":"

Maiden drilling has commenced at the Pharos project in the Murchison
\nScorpion Minerals managing dual exploration programs across its key WA lithium assets
\nMaiden resource for Younami project expected early next year<\/p>\n

\u00a0<\/p>\n

Special Report:<\/em> Scorpion Minerals has kicked off maiden lithium-focused drilling at its Pharos project in Western Australia\u2019s Murchison district.<\/strong><\/p>\n

While one side of the business is focused on delivering a maiden resource for its key WA lithium asset \u2013 Youanmi \u2013 early next year, the other side of Scorpion Metals (ASX: SCN) has launched into a RC drilling program of up to 10 holes at Pharos, about 60km northwest of Cue.<\/p>\n

Drilling will target outcropping LCT pegmatites at Poona East and Poona West where historical surface sampling returned values up to 2.99% @ Li2O.<\/p>\n

Initial geological mapping by SCN confirmed extensive stacked LCT pegmatites at Poona, including individual pegmatites up to 1km long and surface exposures which suggest widths of 5-15m.<\/p>\n

The company is also encouraged by what it described as \u201cpoorly targeted\u201d RC drilling completed by previous explorers. Historical results include 9m @ 0.77% Li2O, 9m @ 0.29% Li2O and 3m @ 0.49% Li2O.<\/p>\n

\u00a0<\/p>\n

Pegmatites interpreted to dip north<\/strong><\/h2>\n

Approximately 1,000m will be drilled in this maiden campaign to test the stratigraphy and structural orientation to aid future drilling planning.<\/p>\n

Drilling is also set to test the hypothesis that the pegmatites at Poona dip north.<\/p>\n

\u201cOur previous exploration work within the area has confirmed multiple mineralised LCT pegmatite dykes at Poona East and West which will be the central focus of this round of drilling,\u201d SCN chief executive Michael Fotios said.<\/p>\n

\u201cWe will look to advance activities at Pharos as quickly as possible, as it presents a highly strategic and complementary asset in the SCN portfolio.\u201d<\/p>\n

\u00a0<\/p>\n

Fully charged exploration across both projects<\/strong><\/h2>\n

SCN plans to undertake follow-up RC drilling of existing targets, both down-dip and along strike, at Pharos through Q1 and Q2 next year, along with RC drilling of parallel pegmatites to determine their extent and composition.<\/p>\n

Other upcoming exploration work includes follow-up geological mapping and rock chip sampling, auger soil geochemistry aimed at identifying additional pegmatites under shallow soil cover, and initial diamond drilling of existing targets at depth.<\/p>\n

XRD and preliminary metallurgical test work is also expected.<\/p>\n

Further infill and diamond drilling is also likely at the Youanmi lithium project where the company is \u201csystematically\u201d working towards converting its exploration target into a maiden resource.<\/p>\n

SCN recently raised $3 million, with the bulk of those funds being tipped towards the 7.6-13.6Mt @ 1-1.4% Li2O mineralised trend at Youanmi.<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

\u00a0<\/p>\n

This article was developed in collaboration with Scorpion Minerals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Scorpion Minerals starts drilling second WA lithium asset as maiden resource approaches<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Maiden drilling has commenced at the Pharos project in the Murchison Scorpion Minerals managing dual exploration programs across its key WA lithium assets Maiden resource [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":3070,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nScorpion Minerals starts drilling second WA lithium asset as maiden resource approaches - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=3069\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scorpion Minerals starts drilling second WA lithium asset as maiden resource approaches - 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