Pharos Overview
Current areas of exploration focus
Cu-Zn-Ag-Au - Mt Mulcahy Prospect
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.
Au - Olivers Patch Area
Sporadic gold exploration was conducted from 1975 through to 1999. Little if any significant gold exploration has been completed in the last 20 years. Scorpion is targeting mineralisation associated with north northwest trending splays off the regional Big Bell shear zone.
Au - Old Prospect
Old Prospect (North and South) have a combined JORC 2012 compliant Mineral Resource Estimate of 312,400t grading 2.15 g/t Au for 21,600 ounces contained Au. Mineralisation remains open north-south along strike and at depth down dip/plunge.
Cu-Zn-Ag-Au - Pallas Prospect
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.
PGE-Ni-Cu-Au - Poona Area
Significant untested mafic/ultramafic-hosted PGE-Ni-Cu targets within the Mindoolah Bore intrusive complex that correlate with EM/IP anomalies, and coincident elevated PGE and Ni geochemistry adjacent to basal or contact stratigraphic positions.
Li - Poona Area
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.
Au - Ulysses Prospect
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.
Fe - Fenix JV
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.