お知らせ • Nov 25
Scorpion Minerals Limited Announces Further High Grade Gold Results Pharos Project
Scorpion Minerals Limited announced additional results from Reverse Circulation (RC) drilling at its Pharos Project located approximately 50 kms north west of Cue in the Murchison district of WA, immediately north of its Mt Mulcahy Project. The high-grade intercepts at Cap Lamp follow on from the previously released confirmation of high grades at Lantern and confirm the presence of significantly mineralised shear zones and quartz veins within the highly prospective dolerite unit that runs from Cap Lamp to Beacon. Follow up RC drilling is planned at Lantern and Cap Lamp in mid-December. Phase One drilling comprised 28 RC holes totalling 2,482m drilling to a maximum depth of 174m across 7 separate prospects within E20/948. In October, to take advantage of drill rig availability, the Company announced it had brought forward its planned second Phase RC drilling, which allowed for an additional 2,500m of follow up exploration. Phase Two drilling consisted of 21 holes completed for 2,008m of drilling and included additional drilling at Cap Lamp, Lantern, Candle, Salt Flat and Oliver's Patch; and initial drilling across workings at Terry's South and north of Maguires Reward. This programme will be completed in mid-December when an RC rig is scheduled to return to site. Both phases were a reconnaissance test of each target with at least one drill fence designed to confirm mineralisation, structural setting and geometry. Apart from Cap Lamp, Oliver's Flat and Maguires North all prospects were blind targets beneath shallow cover in deeply weathered terrain. Samples from Phase 2 were submitted to the laboratory requesting aqua regia digestion in an effort to expedite results and geological understanding from an expanded assay suite (most notably arsenic content), with anomalous gold samples to be re-analysed by fire assay. The Company is now in receipt of first pass submitted sample results for Phase One drilling, and initial results from Phase Two drilling. Significant results from Cap Lamp include: 5m @ 8.28 g/t Au from 9m including 1m @ 22.9 g/t AU from 9m; and 3m @ 2.72 g/t Au from 18m. Mineralisation intercepted at Cap Lamp is open north - south along strike and across strike and dip to the west. These results follow on from the previously reported high grade intercept at Lantern of 7m @ 8.33 g/t Au from 4m (including 3m @ 18.0 g/t Au from 4m). Lantern is some 3km to the NW of Cap Lamp, both of which are likely hosted by the same mafic quartz dolerite unit that is interpreted to extend from Cap Lamp in the east to the Atlanta prospect in the west, a distance of about 9 kilometres. Results received are discussed below. The Cap Lamp prospect consists of a line of shallow workings (<5m depth) oriented NNE-SSW covering some 150m of strike. A compilation of historical RAB drilling results and soil geochemical sampling confirms the mineralised trend. Channel sampling of west-dipping veining in the only easily accessible surface working returned multiple high grade values with an approximate average value of 2.1 g/t Au over approximately 5m length, with a maximum value of 7.5 g/t Au returned from the north face of the working in a one metre wide quartz vein. Eight holes (CLRC001-008) for 532m were completed on four 40m spaced sections in Phase 1 drilling, along with a deeper drill traverse 80m further south, east of the line of workings. A single hole for 30m (CLRC009) on the northern section was completed in Phase 2. A significant result of 5m @ 8.28 g/t Au from 9 m was returned in CLRC009, which is open to the north and west. A down-dip result of 3m @ 2.72 g/t Au was returned from CLRC005, and near surface mineralisation was noted in CLRC006 further west. The Lantern prospect includes significant intersects previously recorded by Rotary Air Blast (RAB) drilling of 12m @ 7.4 g/t Au, including 2m @ 42.4 g/t Au in RAB hole WLR033; and 16m @ 3.1 g/t Au, including 2m @16.8 g/t Au in RAB hole WOR006. Drilling was targeting sub-vertical to West dipping structures, oriented NW-SE crosscutting an approximately East-West oriented stratigraphic sequence of dolerite with thin (ca. 1-3m width at surface) intercalated Banded Iron Formation (BIF) horizons. This structural orientation was based on the high-grade results in WLR033 and WOR006 interpreted as being hosted by the same structure. Six RC holes (LTRC001-006) for 696m were completed on two East-West sections 40m apart as part of Phase One drilling. Drilling defined a significantly weathered profile oxidised to around 75m depth, with primary rock around 10-15m further down. Quartz veining was intersected throughout the weathering profile hosted by dolerite or its sheared/altered counterparts. Significant mineralised sulphide and veining was developed on sheared contacts between dolerite and intercalated BIF including a deep intersection in LTRC003. A significant high grade result of 3m @ 18.0 g/t Au from 4m was returned from drill hole LTRC004, within a larger intercept of 7m @ 8.33 g/t Au from 4m (using a 0.5 g/t Au lower cut), in proximity to high-grade from the historic intersect of 2m @ 16.8 g/t Au from 8m in Hole WOR006. A significant high grade result of 3m @ 18.0 g/t Au from 4m was returned from drill hole LTRC004, within a larger intercept of 7m @ 8.33 g/t Au from 4m (using a 0.5 g/t Au lower cut), in proximity to high-grade from the historic intersect of 2m @ 16.8 g/t Au from 8m in Hole WOR006. Phase Two drilling `scissored' the Phase One drilling to test a possible east-dipping mineralisation control. Seven holes (LTRC007-013) on 3 x 40m sections for 820m advance were completed to a maximum depth of 200m. Initial partial results for 3 of these holes (LTRC007-009) are available, and reinterpretation of this drilling has resulted in the following observations: 1. The target structure (T1) is now interpreted in an WNW-ESE orientation dipping north at about 70o and passes through the high-grade intercepts in WOR006 and LTRC004, and potentially passes through the high-grade intercept in WLR033 2. An additional parallel structure T2 is postulated adjacent to an untested 3,100 ppb soil anomaly approximately 150m north of T1. 3. A broad low-grade intercept in historically drilled WLR004 was only 4m composite sampled and never re-split at one metre intervals, and appears to support the T1 interpretation. 4. The deep intercept in LTRC003 (6m @ 0.85g/t AU from 148 to 154m) appears to have intersected T1 about 120m below the surface. This interval was extremely sulphidic, and affected by high water flow and poor sample recovery. Resampling of this interval is being undertaken to check grades. 5. The existing E-W drill fences are now expected to inefficiently test T1, and follow-up shallow drilling on N-S oriented drill fences is planned, along with proposed future diamond drilling after confirmation of mineralisation. This includes some possible shallow RC drilling on a south-dipping control.