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Pursuit Minerals Ltd.

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Summary

Project:

Airijoki

Deposit:Airijoki
Location:Sweden
Commodities:Vanadium
Date:1/15/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-1-2019: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its Airijoki deposit at the Airijoki project. Drilling results incl. 178.0m @ 0.50% V2O5 from 12.0m. Pursuit Minerals Limited (ASX: PUR) has received additional geochemic
Resources:x
CP/QP:[Overall Report]: Jeremy Read (Internal)
ABSTRACT:Pursuit Minerals Limited (ASX: PUR) has received additional geochemical results for a further four drill holes from the southwest magnetic zone at the Airijoki Project in northern Sweden (Figure One). The results continue to confirm that the vanadium mineralisation within the southwest magnetic zone at Airijoki is both high-grade and of substantial thickness. To date the Company has received assay results for only whole rock samples. Final results for vanadium magnetite concentrates, produced by Davis Tube Recovery (DTR), are expected later in January 2019. thickness (55m) of vanadium mineralisation was also recorded in hole AIR18-005. These results are a continuation of the substantial thickness of vanadium mineralisation recorded in the previously announced drill holes AIR18-006 (213m), AIR18-003 (56m), AIR18-002 (22m) and AIR18-001 (13m and 22m) (Figure Two)1 . Pursuit Minerals Managing Director Jeremy Read said the results from the southwest magnetic zone on the Airijoki Project are stunning due to the incredible thickness of vanadium mineralisation intersected and the high-grade intervals recorded. “Drill holes AIR18-007 and AIR18-008 delivered exceptional results with vanadium mineralisation recorded over 178m and 112m downhole intervals respectively and within these huge intersections there are a number of high-grade intervals at 0.7% V2O5 in the whole rock,” Mr Read said. “Following such a positive start to the results from the recently completed drilling program, we are now eagerly awaiting the geochemical results f

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