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Pursuit Minerals Ltd.
Summary
| Project: | Airijoki | |
|---|---|---|
| Deposit: | Airijoki | |
| Location: | Sweden | |
| Commodities: | Vanadium | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its Airijoki deposit at the Airijoki project. Re-assay of historical drill holes gives 178.3m @ 1.33% V2O5 from 9.0m. Pursuit Minerals Limited (ASX: PUR) has received ass | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Read (Internal) | |
| ABSTRACT: | Pursuit Minerals Limited (ASX: PUR) has received assay results from historical drill holes on the Airijoki Project in northern Sweden, confirming exceptional widths and grades of vanadium mineralisation in magnetite concentrates. In addition, rock chip sampling has located high-grade vanadium at surface in whole rock samples. The high-grade vanadium mineralisation is associated with a series of strongly magnetic meta-diabase rocks extending over 3.5km in strike length, trending north-east. Pursuit Minerals Managing Director Jeremy Read said the results from the Airijoki Project were extremely encouraging. “The results from the re-assaying of historical drill holes K-AIR1 and K-AIR5 show that the Airijoki Project hosts substantial thicknesses of vanadium mineralisation, which comes to surface, and produces very high-grade vanadium magnetite concentrates with extensive potential strike length,” Mr Read said. “The high-grade vanadium is directly associated with a meta-diabase rock unit which, we can see from aeromagnetic data, forms a trend 3.5km long, running north-east across the Airijoki Project. “Using the aeromagnetic data and further rock chip sampling, which will be conducted next week, we will plan a drilling program to fully test the potential of the Airijoki Project to host an economic vanadium deposit. From the information we now have available, Airijoki is looking extremely prospective.” Mr Read said. | |
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