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Pursuit Minerals Ltd.
Summary
| Project: | Bluebush | |
|---|---|---|
| Deposit: | Bluebush | |
| Location: | Australia | |
| Commodities: | Zinc-Lead | |
| Date: | 10/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-10-2017: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its Bluebush deposit at the Bluebush project. Drilling results incl. 26m @ 0.67% Zn, 0.16% Pb from 222m. Pursuit Minerals Limited (ASX: PUR) (Pursuit or the Company) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jeremy Read (Internal) | |
| ABSTRACT: | Pursuit Minerals Limited (ASX: PUR) (Pursuit or the Company) is pleased to announce that the fourth drill hole of the drilling program on the Bluebush Zinc Project, northwest Queensland (Figure One), intersected a mineralised fault zone containing sphalerite (zinc sulphide) and galena (lead sulphide) mineralisation from 188.3m to 223.4m down hole vertical depth, within a strongly brecciated fault zone. Below the mineralised fault zone, zinc and lead mineralisation was also intersected in a pyritic laminated siltstone and mudstone unit (‘PSM’), which is the same geological unit which contains zinc and lead mineralisation in drill hole BB03-17, 1460m south of drill hole BB04-17 (see ASX Announcement 12 October 2017). Pursuit Minerals Managing Director Jeremy Read said that when taken together the fault zone mineralisation, plus the SEDEX style mineralisation in the PSM unit, show characteristics comparable with the super-giant super zinc deposits at the nearby Century mine and McArthur River in the Northern Territory “The mineralisation in the fault zone in drill hole BB04-17 is zinc dominated with values in excess of 7% Zn,” Mr Read said. “This is consistent with this mineralisation being remobilised from a nearby body of SEDEX style zinc mineralisation as both the Century and McArthur zinc deposits show similar zones of zinc remobilised into fault zones “This year’s drilling has defined an area, between and in close proximity to, drill holes BB03- 17 and BB04-17 of enhanced grade zinc mineralisation, in comparison to the overall Bluebush system and this will be further investigated with follow up drilling in 2018.” | |
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