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Pursuit Minerals Ltd.
Summary
| Project: | Airijoki | |
|---|---|---|
| Deposit: | Airijoki | |
| Location: | Sweden | |
| Commodities: | Vanadium | |
| Date: | 12/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-12-2018: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its Airijoki deposit at the Airijoki project. Drilling results incl. 157.0m @ 0.50% V2O5 from 63.0m. Pursuit Minerals Limited (ASX: PUR) has received geochemical results | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Read (Internal) | |
| ABSTRACT: | Pursuit Minerals Limited (ASX: PUR) has received geochemical results from an initial 5 of 18 drill holes recently completed at the Airijoki Project in northern Sweden (Figure One). The results have confirmed that the vanadium mineralisation at Airijoki is both high-grade and of substantial thickness. To date the Company has received assay results from only whole rock samples. Results for vanadium magnetite concentrates, produced by Davis Tube Recovery (DTR), are expected in January 2019. The whole rock geochemical results from hole AIR18-006 showed vanadium mineralisation occurs over a 213m downhole interval. Substantial thicknesses of vanadium mineralisation were also recorded in holes AIR18-003 (56m), AIR18-002 (22m), AIR18-004 (20m) and AIR18-001 (13m). Pursuit Minerals Managing Director Jeremy Read said the initial results from the Airijoki Project were stunning due to the incredible thickness of vanadium mineralisation intersected and the highgrade intervals recorded in the whole rock samples. “Drill hole AIR18-006 delivered an exceptional result with vanadium mineralisation recorded over a 213m downhole interval and within this huge intersection there are a number of high-grade intervals with grades of 0.7% and 0.8% V2O5 in the whole rock,” Mr Read said. “The vanadium mineralisation is directly associated with an aeromagnetic anomaly which is 3.5km along, running north-east across the Airijoki Project. “Following such a positive start to the results coming in from the recently completed drilling program, we are now eagerly awaiting the geochemical results from the vanadium magnetite concentrates produced from the whole rock vanadium mineralisation.” Mr Read said. Airijoki Prospect (Northern Sweden) The Airijoki Project is located in northern Sweden, approximately 55km east of the mining town of Kiruna and 9km north-west of the village of Vittangi (Figure One). Pursuit was initially granted an Exploration Licence in April 2018 (Airijoki 100), for a period of three years, covering an area of 9.6km2 . In December 2018 Pursuit was granted three additional Exploration Licences (Airijoki 101, 102, 103), valid for three years, covering a further 22.4km2 , bringing t | |
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