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Pathfinder Resources (ASX:PF1) - Managing Director, Shannon Green - The Market Herald
Managing Director, Shannon Green
Source: The Market Herald
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  • Pathfinder Resources (PF1) has identified high-grade gold and cobalt mineralisation at the King Tut Project in Argentina
  • The mineralisation was identified via a mapping and sampling program that aimed to identify the locations and orientation for a planned drilling program
  • Grades peaked at 37g/t gold and 2.57 per cent cobalt and the results have extended the mineralisation 120 metres in width and 200 metres in length
  • Pathfinder has now begun the planning and approval process to undertake its maiden drilling campaign at King Tut
  • Work is scheduled to begin in Q1 2021 with aims to define the continuity of the mineralisation at depth
  • Pathfinder has ended the day in the grey with shares trading at 34 cents

Pathfinder Resources (PF1) has identified high-grade gold and cobalt mineralisation at the King Tut Project in Argentina.

The mineralisation was identified via a mapping and sampling program that aimed to identify the locations and orientation for a planned drilling program.

The mapping program progressed as planned with 51 veins mapped and 79 samples collected and sent to Alex Stewart International Laboratory in Mendoza for analysis.

Grades peaked at 37g/t gold and 2.57 per cent cobalt and the results have extended the mineralisation 120 metres in width and 200 metres in length.

Furthermore, the results confirm that the high-grade gold and cobalt mineralisation extends beyond the King Tut mine.

Pathfinder has now begun the planning and approval process to undertake its maiden drilling campaign at King Tut.

Work is scheduled to begin in Q1 2021 with aims to define the continuity of the mineralisation at depth.

"This initial exploration program has exceeded our expectations in a number of key areas in relation to the geology at the King Tut Project," Managing Director Shannon Green said.

"With planning now underway to shortly commence further field mapping and sampling programs across the broader tenement package and the maiden drill program within the historic King Tut mine area, it is very exciting times ahead," he added.

Pathfinder has ended the day in the grey with shares trading at 34 cents in a $19.7 million market cap.

PF1 by the numbers
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