Scorpion Minerals Limited has announced the completion of its initial Reverse Circulation (RC) drilling program at the Pharos Gold Project in Western Australia’s Murchison region. The program, encompassing 35 holes for a total of 1,691 metres, was undertaken across three target areas: Cap Lamp, Oliver’s Patch, and Maguires North. Samples from several drilling batches have been sent to a Perth laboratory for assaying, with results expected in the coming weeks. In addition to the current work, plans are underway to commence further drilling late in August at key prospects including Terry’s North, Nick’s Find, Lantern, Candle, Candle North, and Salt Flat. The company’s drilling efforts are designed to build on historic high-grade drill intercepts, such as an 8-meter intersection at 10.99 g/t Au (including 2 meters at 42.4 g/t Au) and multiple intervals at Lantern and Cap Lamp that highlight significant gold potential. The broader exploration strategy incorporates systematic soil geochemistry, detailed mapping, and a forthcoming airborne magnetic survey, aiming to test several walk-up high-grade gold targets across an expansive yet largely underexplored corridor. CEO Michael Fotios commented on the progress, expressing satisfaction with the initial drilling results and emphasizing the company’s commitment to unlocking further value at the Pharos area, especially in light of the favourable gold price environment. The Pharos Project, along with the adjacent Jungar Flats JV covering approximately 1,600 square kilometres, marks Scorpion Minerals Limited’s significant landholding along the Dalgaranga–Big Bell shear corridor. The news lends a bullish tone to the company’s near-term outlook as positive technical indicators and assay progress underline the potential for substantial high-grade gold discoveries. However, as with many exploration-stage projects, uncertainties remain until assay results are confirmed and additional drilling validates the initial findings. Beginner traders should note that while the strong drilling intercepts suggest promise, the inherent risks of early-stage exploration still require caution on investment decisions.