The Volcanogenic Massive Sulphide (VMS) Cu-Zn-Ag-Au mineralisation at Mt Mulcahy was identified in the 1970’s with initial drilling of the SLP target. Airborne VTEM has identified numerous anomalies around the Mt Mulcahy syncline in stratigraphy thought to be the equivalent of the prolific Golden Grove Mine area located in the South Murchison.
The Company has identified significant anomalies related to mafic/ultramafic intrusives identified by base metal exploration completed in the 1970’s that was focussed on VMS Cu-Zn-Ag-Au mineralisation and are considered prospective for PGE-Ni-Cu mineralisation.
Technical review of historic Rare Metal / LCT Pegmatite data at Pharos has identified multiple targets along a 25 km long zone of intrusion. Significant Li, Ta, and Sn soil / rock chip anomalies identified adjacent to a granite greenstone contact.
Fenix recently requested Scorpion manage, plan and execute the early phase of exploration at the Pharos Iron Ore JV. This early phase of exploration will include detailed airborne air photography/magnetics, geological mapping, rock chip sampling and RC drilling of targets identified. Two target areas have been identified in or adjacent to the Weld Range at Iron Ridge Extension and Ulysses plus a third at Milliwarrie.