Exploration Manager examining fresh drill core. Source: Pursuit Minerals
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Pursuit Minerals (PUR) intersects massive and disseminated sulphides after drilling two diamond holes at the Phil’s Hill Prospect in Western Australia
  • PUR recommenced work in September and has completed drilling of the revised electromagnetic conductor positions
  • Results indicate a two metre zone of massive sulphide mineralisation, at predicted conductor depth
  • Plans are in place for follow-up auger geochemistry at Phil’s Hill and geochemical and geophysical surveys at the Ablett Prospect
  • Shares are trading 4.76 per cent up at 4.4 cents at 10:34 am AEDT

Pursuit Minerals (PUR) intersected massive and disseminated sulphides after drilling two diamond holes at the Phil’s Hill Prospect in Western Australia.

The prospect is located within the wider Warrior platinum group element nickel-copper project located in the Yilgarn-Craton region.

The company recommenced the drilling program in September and has now completed drilling of the revised electromagnetic conductor positions.

Results have indicated a two metre zone of massive sulphide mineralisation at predicted conductor depth.

Additionally, chalcopyrite was noted over 2.69 metres above and within massive sulphide mineralisation.

Managing Director Mark Freeman said the drilling was very successful and the presence of visible chalcopyrite and pentlandite was very encouraging.

He said the company was eagerly awaiting remaining assays and analysis of remaining holes.

Moving forward, plans are in place for follow-up auger geochemistry at Phil’s Hill as well as geochemical and geophysical surveys at the Ablett Prospect which is north of Phil’s Hill.

Pursuit has also completed soil sampling at the Combatant Project and 869 samples are undergoing analysis and selective assaying with results expected in the latter part of quarter four 2021.

Shares were trading 4.76 per cent up at 4.4 cents at 10:34 am AEDT.

PUR by the numbers
More From The Market Herald

" Tulla Resources (ASX:TUL) eyes off-take and funding deal with Koch Metals

Tulla Resources (ASX:TUL) has signed a heads of agreement with Koch Metals for an ion ore…

" Nova Minerals (ASX:NVA) progresses Estelle over December quarter

Nova Minerals (ASX:NVA) had a busy December quarter, including boosting the total gold estimate at its…

" Mount Gibson Iron (ASX:MGX) reports lower cash and investments of $142 million

Mount Gibson Iron (ASX:MGX) reports lower cash and investments of $142 million in its quarterly report,…

" Australian Gold and Copper (ASX:AGC) hits sulphides at Boxdale, moves to test Carlisle Reefs

Australian Gold and Copper (ASX:AGC) hits zones of sulphides at the Boxdale target within the Moorefield…