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Pursuit Minerals Ltd.
Summary
| Project: | Paperbark | |
|---|---|---|
| Deposit: | JB Zone | |
| Location: | Australia | |
| Commodities: | Zinc-Lead | |
| Date: | 7/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-7-2018: Pursuit Minerals Ltd. announces an Exploration/Drilling Update report for its JB Zone deposit at the Paperbark project. Drilling results incl. 18m @ 1.59% Zn, 0.01% Pb from 168m. Pursuit Minerals Limited (ASX: PUR) has intersected substantial w | |
| Resources: | (Resource, Inf.): 10.4Mt @ 2.7% Zn, 0.2% Pb, 1g/t Ag | |
| CP/QP: | [Overall Report]: Jeremy Read (Internal) | |
| ABSTRACT: | Pursuit Minerals Limited (ASX: PUR) has intersected substantial widths of zinc-lead mineralisation in a hole planned to test the southeast extensions of the JB Zone on the Paperbark Project. Zinc and lead mineralisation has been confirmed over a 91m down hole interval from 122m in hole PB07-18, with zinc+lead values up to 5.05% recorded. The zinc-lead mineralisation intersected in drill hole PB07-18 occurs in the same geological sequences as the zinc-lead mineralisation at the JB Zone Mineral Resource and is characterised by three higher grade zones. Pursuit Minerals Managing Director Jeremy Read said the results from drill hole PB07-18 confirmed the mineralisation of the JB Zone extends at least 90 metres to the southeast of the existing JB Zone Mineral Resource. “The substantial width of zinc-lead mineralisation, the three higher grade zones and the fact that the mineralisation occurs in the same rocks, all suggest that the mineralisation intersected in hole PB07-18 is an extension of the mineralisation that is included in the JB Zone Mineral Resource,” Mr Read said. “Consequently, the potential to substantially increase the JB Zone Mineral Resource is high,” he said. | |
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