Announcement Date: 2022-08-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Pursuit Minerals Ltd.
Project name: Warrior
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 16m @ 0.19g/t Au from 0.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Pursuit Minerals Limited (ASX:PUR) (“Pursuit” or the “Company”) is pleased to provide an exploration update for our Warrior Project, including air core (AC) drilling results from Calingiri East and auger geochemistry results from Bindi Bindi. In May 22 the Company completed AC drilling (Figure 2) over auger geochemistry targets at Smogo’s, Phil’s Hill West and Ablett at its 100% owned Calingiri East. A total of 58 holes for 2,085m (Table 1) were completed before wet weather and seeding stopped drilling. Key traverses to the SE of Ablett over highly anomalous AuBi-As-Sb weighted-sum geochemistry were not completed and will be considered post crops harvesting in late Q4. Initial 4-metre composite assay results have been received and are summarised below. Limited AC drilling at Ablett (24 holes for 971m) identified low grade gold mineralisation beneath the auger geological anomaly reported 31st March 2022. The drilling extended the NNW-SSE trending gold mineralisation footprint to >800m, aligns well with gold mineralisation previously discovered by Quadrio Exploration (Figure 1) and remains open in all directions. Anomalism is associated with quartz-sericite alteration, with lithological boundaries appearing to be a factor in the development of mineralisation (Figure 2).
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