The Ulysses Prospect has previously been the focus of gold exploration by Mt Isa Mines and later Newcrest Mining, whom had joint-ventured into the project held by Hampton Hill, with several generations of work delivering some significant gold intersections generally associated with sheared BIF margins.
Scorpion believes that NW-trending fault splays off the Big Bell Shear Zone control the distribution of gold mineralisation at Ulysses within the BIF and adjacent lithologies associated within structurally controlled alteration zones containing silica, carbonate, pyrite and in particular coarse-grained massive arsenopyrite. Such targets remain substantially untested, in particular to the east of the section line highlighted in these figures.
Scorpion is continuing its review of potential high-grade gold potential at Ulysses, where Hill 50- style gold mineralisation models have long been considered possible but not effectively tested by previous workers. In addition, there is significant potential for gold mineralisation within shear zones and vein style targets hosted within the adjacent mafic volcanics/intrusives.
