Join our daily newsletter At The Bell to receive exclusive market insights
- Pursuit Minerals (PUR) commences a diamond drilling program at the Phil’s Hill prospect in Western Australia
- The program includes 1500 metres of diamond drilling and is expected to take around eight weeks to complete
- The first hole, which is being drilled to a 200-metre depth, is targeting a moving loop electromagnetic plate and will take around seven days to drill
- Once the initial holes have been completed, the company will follow up with downhole electromagnetic surveys
- On market close for the day, Pursuit is up 8.62 per cent and is trading at 6.3 cents per share
Pursuit Minerals (PUR) has commenced its drilling program at the Phil’s Hill prospect in Western Australia.
The program includes 1500 metres of diamond drilling and is expected to take around eight weeks to complete.
Drilling will initially target the moving loop electromagnetic plate 20a. The first hole is expected to reach a total depth of 200 metres and will take around seven days to drill.
Additionally, the company has purchased a portable X-ray Fluorescence device unit that will speed up the assaying process in Perth.
The company has appointed independent consultants, CSA Global, to create a consistent geochemical protocol for Pursuit’s field crews to follow whilst collecting data on drill core.
Once these holes have been completed, the company will follow up with downhole electromagnetic surveys.
On market close for the day, Pursuit was up 8.62 per cent and to trade at 6.3 cents per share.
